Global Calcium Fluoride Market, By Type (Less than or equal to 97%, Greater than 97%), By Application (Chemical Industry, Optics, Glass Manufacturing, Construction Industry, Metallurgical Industry, & Others), By End-User (Automotive, Iron & Steel, Optical Industry, Chemical, Others), By Geography (Europe, North America, APAC, Latin America, Middle East, and Africa) – Industry Growth, Opportunity and Forecast to 2028
COVID-19 Impact on Global Calcium Fluoride Market
The global spread of the COVID-19 pandemic exposes the development of the world economy to unprecedented and severe challenges, and the world economy is under greater downward pressure. The impact of pandemics on the economy has stagnated or slowed economic activity in many countries, reduced global demand, significantly reduced trade and investment, and affected global industrial chains. Demand-based recovery scenarios were predicted and analyzed in this study.
Calcium fluoride is an inorganic white insoluble powder CaF2 that is a compound of calcium and fluorine, which occurs as mineral fluorite or fluorite and appears as odorless gray powder or granules. Calcium fluoride is mainly used in the manufacture of optical components. The metallurgical industry in the application segment dominates the calcium fluoride market as it is used in a variety of applications such as welding media and optics. The purchasing power of middle-class families is increasing, giving the market a boost.
The demand for calcium fluoride has become very important and promises exponential growth. The increasing development of the aerospace industry indirectly fuels the calcium fluoride market. Increasing demand for aluminum products in the automotive and construction industries has created a market for calcium fluoride. The demand for glass in the construction industry is increasing. Advances in industrialization are driving the calcium fluoride market.
According to Pheonix Research, the “Global Calcium Fluoride Market” was valued at USD XX Million in 2020 and is projected to reach a market value of USD XX Million by 2028. North America dominated the global calcium fluoride market and is projected to grow at a CAGR of XX% during the forecast period 2021-2028. The Asia Pacific region holds the largest share of the calcium fluoride market in the world, followed by Europe and North America. Due to the growth and industrialization of the automotive industry using calcium fluoride in the region; China dominates the Asia Pacific market. The region also has a well-developed automotive infrastructure, which allows for faster adoption of new technologies. China is larger than the automotive industry and has one of the largest civil aviation markets.
The key players in the Calcium Fluoride Market are Fluorchemie Group, Solvay SA, Sinochem Lantian, CFIC, American Element,, China Kings Resources, KPL International Limited, Guoxing Corporation, Wuyi Shenlong Flotation, Super Conductor Materials Inc., Jiangxi Sanshan Mining, Hunan Nonferrous Chenzhou Fluoride, Inner Mongolia Huasheng, Aldon Corporation.
The Report “Global Calcium Fluoride Market (2021-2028)” has been divided into type, end-user, application, and region. Based on the type, the market is sliced into Less than or equal to 97% and Greater than 97%. Based on application, the market is segmented into the metallurgical industry, glass manufacturing, chemical industry, construction industry, optics, and others. Based on the end-user, the market is segmented into the automotive, optical industry, iron & steel, chemicals, and others. The countries covered in the report are U.S. and Canada, Columbia, Mexico, Brazil, and the Rest of Latin America, the United Kingdom, Italy, Germany, France, Belgium, Spain, Switzerland, Netherlands, Rest of Europe, Australia, Japan, China, Singapore, South Korea, India and Rest of APAC, South Africa, GCC countries, and Middle East and Africa.