Fluorspar Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Fluorspar Market is segmented by Grade (Acid Grade, Ceramic Grade, Metallurgical Grade, Optical Grade, and Lapidary Grade), Variety(Antozonite, Blue John, Chlorophane, Yttrocerite, Yttrofluorite, and Others), Application (Metallurgical, Ceramics, Chemical industries, Optical Grade Fluorite, Lapidary Grade Fluorite and Others), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa)

Fluorspar Market Snapshot

Fluorspar Marke
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: >5 %

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Market Overview

The fluorspar market is expected to grow at a CAGR of over 5% during the forecast period. One of the main factors driving the market is growing demand of fluorspar from fluorspar extracted chemicals. However, environmental regulation on extraction of chemicals from fluorspar is expected to hinder the growth of the market studied.

  • By application, Growing demand of fluorspar from chemical industry is expected to dominate the market over the forecast period.
  • Increasing use of fluorspar made fluoropolymers in lithium batteries is likely to act as an opportunity for the market studied in the coming years.
  • Asia-Pacific region is expected to dominate the market with the largest consumption from countries, such as China and India.

Scope of the Report

The fluorspar market report includes:

Acid Grade
Ceramic Grade
Metallurgical Grade
Optical Grade
Lapidary Grade
Blue John
Optical Grade Fluorite
Lapidary Grade Fluorite
South Korea
Rest of Asia-Pacific
North America
United States
United Kingdom
Rest of Europe
South America
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa

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Key Market Trends

Growing Demand of Fluorspar from Fluorspar Extracted Chemicals

  • Fluorspar is the mineral form of calcium fluoride which belongs to the halide minerals and crystallizes in isometric cubic habit.
  • Pure fluorspar is transparent, both in visible and ultraviolet light, but impurities usually make it a colorful mineral used as stone in ornamental and lapidary applications.
  • Fluorspar is used directly or indirectly to manufacture products such as aluminum, gasoline, insulating foams, refrigerants, steel, and uranium fuel.
  • Fluorspar is mainly used in the chemical industry to manufacture hydrofluoric acid and HF is then used to manufacture a variety of products such as fluorocarbon chemicals, foam blowing agents, refrigerants, and a variety of fluoride chemicals.
  • Hence, owing to the above-mentioned factors, the application of fluorspar from fluorspar extracted chemicals is likely to dominate during the forecast period.
Fluorspar Market Revenue Share

Asia-Pacific Region to Dominate the Market

  • Asia-Pacific region is expected to dominate the market for fluorspar during the forecast period. The rising demand of fluorspar from chemical industry and growing application in steel and automotive industry in developing countries like China, Japan and India is expected to drive the demand for fluorspar in this region.
  • The largest producers of fluorspar are located in Asia-Pacific region. Some of the leading companies in the production of fluorspar are China Kings Resources Group , Zhejiang YiPeng Chemical Co.,Ltd, RUSAL, MINERSA GROUP and British Fluorspar Ltd among others.
  • China remained the world's largest aluminium producing country in 2019, with total aluminium production reaching 35.7 million metric tonnes (MMT), accounting for more than half of the global output
  • Owing to the above-mentioned factors, the market for fluorspar in the Asia-Pacific region is projected to grow significantly during the study period.
Fluorspar Market Regional Trends

Competitive Landscape

The global fluorspar market is partially consolidated in nature with only few major players dominating the market. Some of the major companies are RUSAL, Mexichem S.A.B. de C.V., MINERSA GROUP, Zhejiang YiPeng Chemical Co.,Ltd, and British Fluorspar Ltd among others.

Table of Contents


    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study




    1. 4.1 Drivers

      1. 4.1.1 Growing Demand of Fluorspar from Fluorspar Extracted Chemicals

      2. 4.1.2 Other Drivers

    2. 4.2 Restraints

      1. 4.2.1 Environmental Regulation on Extraction of Chemicals from Fluorspar

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Degree of Competition


    1. 5.1 Grade

      1. 5.1.1 Acid Grade

      2. 5.1.2 Ceramic Grade

      3. 5.1.3 Metallurgical Grade

      4. 5.1.4 Optical Grade

      5. 5.1.5 Lapidary Grade

    2. 5.2 Variety

      1. 5.2.1 Antozonite

      2. 5.2.2 Blue John

      3. 5.2.3 Chlorophane

      4. 5.2.4 Yttrocerite

      5. 5.2.5 Yttrofluorite

      6. 5.2.6 Others

    3. 5.3 Application

      1. 5.3.1 Metallurgical

      2. 5.3.2 Ceramics

      3. 5.3.3 Chemicals

      4. 5.3.4 Optical Grade Fluorite

      5. 5.3.5 Lapidary Grade Fluorite

      6. 5.3.6 Others

    4. 5.4 Geography

      1. 5.4.1 Asia-Pacific

        1. China

        2. India

        3. Japan

        4. South Korea

        5. Rest of Asia-Pacific

      2. 5.4.2 North America

        1. United States

        2. Canada

        3. Mexico

      3. 5.4.3 Europe

        1. Germany

        2. United Kingdom

        3. France

        4. Italy

        5. Rest of Europe

      4. 5.4.4 South America

        1. Brazil

        2. Argentina

        3. Rest of South America

      5. 5.4.5 Middle-East and Africa

        1. Saudi Arabia

        2. South Africa

        3. Rest of Middle-East and Africa


    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share/Ranking Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 RUSAL

      2. 6.4.2 Mexichem S.A.B. de C.V

      3. 6.4.3 MINERSA GROUP

      4. 6.4.4 Zhejiang YiPeng Chemical Co.,Ltd

      5. 6.4.5 British Fluorspar Ltd

      6. 6.4.6 Groupe Managem

      7. 6.4.7 Canada Fluorspar Inc.

      8. 6.4.8 Kenya Fluorspar Company Ltd.

      9. 6.4.9 Steyuan Mineral Resources Group Ltd.

      10. 6.4.10 Seaforth Mineral & Ore Co.

      11. 6.4.11 Sallies Ltd

      12. 6.4.12 Centralfluor Industries Group Inc

      13. 6.4.13 China Kings Resources Group

    5. *List Not Exhaustive

    1. 7.1 Increasing Use of Fluospar Made Fluoropolymers in Lithium Batteries

    2. 7.2 Other Opportunities

**Subject to Availability

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Frequently Asked Questions

The Fluorspar Market market is studied from 2016 - 2026.

The Fluorspar Market is growing at a CAGR of >5% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2020.

RUSAL, Mexichem S.A.B. de C.V, MINERSA GROUP, Zhejiang YiPeng Chemical Co.,Ltd , British Fluorspar Ltd are the major companies operating in Fluorspar Market.

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