Global Fluorspar Market Report and Forecast 2022-2027 (Business Opportunities - Advertising Service)
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Global Fluorspar Market Report and Forecast 2022-2027 | |
The Global Fluorspar Market report, the growth of the market is driven by the growing demand for the product from various end-use industries and the market is projected to grow at a CAGR of 5.6% in the forecast period of 2022-2027. Fluorspar, also known as fluorite, is defined as a chemical compound which is found in the mineral form of calcium fluoride. It is found in various colours including purple, green, yellow, and blue, among others. The material is hard and its extensive application in the manufacturing of various metallurgical, ceramic, and commercial components is driving the global fluorspar market. The product is also used in the product of refrigerants, uranium fuel, and steel, among others. Fluorspar is crucial in the manufacturing process of aluminium. In this regard, the increasing application of aluminium across various end-use industries, such as automotive, construction, and defence, among others, is fuelling the demand for fluorspar. Meanwhile, fluorspar is also witnessing a heightened demand for manufacturing steel and lithium-ion batteries. Over the forecast period, the anticipated increase in the sale of electric vehicles is likely to generate high demand for lithium-ion batteries, which in turn, will boost the application of fluorspar in the automotive industry. The growth of the fluorspar market is expected to be aided by the rapid induction of steel in the construction industry. In addition to this, the rapid urbanisation, investments in the development of infrastructure, and increasing scope of steel application across various end-use industries are some of the factors which are anticipated to provide impetus to the market growth in the coming years. | |
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| Target State: All States Target City : Navi Mumbai Last Update : Nov 14, 2022 1:16 AM Number of Views: 17 | Item Owner : vidhya Contact Email: Contact Phone: (None) |
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2023-02-08 (0.472 sec)