Calcium Fluoride Market - Forecast(2024 - 2030)

Calcium Fluoride Market is forecast to reach $2.7 billion by 2030, after growing at a CAGR of 8.4% over the forecast period of 2024-2030. With rise in the consumption of aluminum products from the end user industry will upsurge the market in the forecast period. Calcium Fluoride is the primary source of fluorine in the production of hydrogen fluoride and calcium sulfate across globe. 

The Calcium Fluoride market is poised for substantial expansion in the upcoming years, propelled by a confluence of influential trends. Its surging demand across a spectrum of industries, spanning metallurgy, ceramics, and electronics, underscores the material's remarkable versatility. Specifically, its integral role in metallurgical processes, facilitating the production of aluminum and uranium, is a prime driver amplifying market demand. The burgeoning electronics sector serves as another pivotal catalyst, wherein Calcium Fluoride assumes a critical function in the fabrication of optical components, lenses, and windows for electronic devices.

Furthermore, the market is set to benefit from continuous investments in research and development, anticipating a positive impact on growth. These investments are poised to drive innovation in manufacturing processes, enhancing overall product quality and performance. Geographically, the Asia Pacific region, with a focal point on countries like China and India, is positioned for significant market expansion. This is attributed to the ongoing industrial expansion and a surge in manufacturing activities, emphasizing the regional importance in the global Calcium Fluoride market landscape.

In essence, these identified trends collectively underscore Calcium Fluoride's pivotal role, steering market growth through diverse applications and ensuring a trajectory of continuous evolution within the industry.

The report: “Calcium Fluoride Market – Forecast (2024-2030)”, by IndustryARC, covers an in-depth analysis of the following segments of the Calcium Fluoride Market.

By Type: >97% Calcium Fluoride, ≤97% Calcium Fluoride

By End-User: Metallurgical Industry, Chemical Industry, Construction Industry, Optical Industry and Others

By Geography: North America (U.S., Canada, Mexico), South America (Brazil, Argentina, Chile, Colombia and Rest of South America), Europe (Germany, U.K, France, Italy, Russia and Rest of Europe), APAC (China, Japan, India, South Korea and Rest of APAC), RoW (Middle East and Africa).

● Asia-Pacific dominates the Calcium Fluoride market owing to rapid industrialization and automotive sector.  

● Another niche but essential application of calcium fluoride is in the glass manufacturing as it exhibits impeccable properties such as shallow refractive index and is transparent in both infrared and ultraviolet wavelengths.

 

Greater than 97% Calcium Fluoride held the largest share in the Calcium Fluoride market in 2023. Greater than 97% calcium fluoride mainly represents metallurgical and ceramic grade fluorspar, consumed in metallurgical industry, glass industry, ceramic industry and others. According to the Latest Product Complexity Index, Fluorspar, Greater than 97% calcium fluoride are the 3045th most traded product and the 4384th most complex product. According to World Integrated Trade Solution, in 2022, Top exporters of Fluorspar; containing by greater than 97% of calcium fluoride are China ($109.8 million), South Africa ($81.5 million), Vietnam ($64.7 million), Mexico ($41.8 million, 125,177,000 Kg) and Germany ($10.1 million). Whereas the top importers were European Union ($156.4 million), United States ($149.7 million), Italy ($124.2 million), India ($107.9 million) and Germany ($51 million).

Metallurgical Industry has been the primary market for Calcium Fluoride. Calcium fluoride is found in the form of mineral fluorite which is used in applications such as aluminum metallurgy, welding agents, optical and others. The demand for aluminum products from the automotive and aerospace industry will propagate the calcium fluorite market. Due to increase in the global middle-class spending and absence of effective alternatives to fossil fuels, the consumption of Calcium Fluoride has always been considerably high in automotive industry in comparison to other industries.

China has the largest automotive industry in the world and one of the largest civilian aircraft markets. According to OICA, China held 41 percent share in global passenger cars sales in 2022.  India also has excellent potential for automotive industry growth in the future. The country's automotive industry experienced 24% growth in production in 2022, over the previous year. With more than 10 million vehicles traveling on the U.S. roads, which is 11.8 percent of the total vehicles in the world as reported by the OICA in 2022, there will be tremendous demand for Calcium Fluoride in the automotive industry.

APAC dominated the Calcium Fluoride market, followed by North America and Europe. The calcium fluoride market growth in Asia Pacific is augment to grow owing to increase in automotive production and rapid industrialisation in the region. The industrialisation was supported by exports, and coordinated economic policies across sectors and over time. Due to increased demand for glass from the construction industry over the forecast period, the North American region is expected to see fair growth. Additionally, substantial growth is also anticipated in the European region as a result of increased demand for the product during the forecast period in welding joints, alumina products and brake lining.

Aluminum has many uses across various end use industries including, Automotive, Aerospace, Marine, Packaging, Construction, Consumer durables, electronics, machinery and others. Aluminum recovery from scrap has become an important component of the aluminum industry. According to International Energy Agency, aluminum sector’s total energy intensity has decreased by about 15% since last decade. The global primary aluminum production reached 70.5 million metric tons in 2023. According to the International Aluminum Institute (IAI), China accounted for over 41.6 million metric tons of aluminum in 2023. The future of the aerospace industry is bright and will be characterized by strong aircraft demand for the foreseeable future. The number of commercial passenger and cargo aircraft fleet, as well as the annual number of passengers, are forecast to double over the next two decades. The increase in aircraft fleet will propel the consumption of aluminum in the production of fleets.

Fluorosilic acid is used for the production of aluminum fluoride (AlF3), but AlF3 derived from fluorosilic acid is not readily substituted by AlF3 produced from fluorspar due to different physical properties. Fluorosilicic acid has been used to produce hydrogen fluoride, but this practice has not been widely adopted. The preferred product is currently aqueous hydrogen fluoride rather than fluorspar. Aluminum smelting dross, borax, calcium chloride, iron oxides, manganese ore, silica sand, and titanium dioxide have been used as substitutes for fluorspar fluxes.

Product launches, acquisitions and R&D activities are key strategies adopted by players in the Calcium Fluoride market. The key players in the Calcium Fluoride market include

1. Solvay SA

2. American Element

3. Fluorchemie Group

4. Aldon Corporation

5. Corning Inc.

6. Alufluoride Ltd

7. Super Conductor Materials Inc.

8. Honeywell Research Chemicals

9. KPL International Limited

10. GFS Chemicals, Inc.