Fluorspar Market Report 2025 (Global Edition)

Global Fluorspar Market Report 2025 Market Size Split by Grade Outlook: (Acid Grade, Ceramic Grade, Metallurgical Grade, Optical Grade, Lapidary Grade), by Variety Outlook: (Antozonite, Blue John, Chl...

Fluorspar Market Report Description

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Competitive Landscape of the Fluorspar Market

In the Fluorspar market's competitive landscape, numerous key competitors are driving innovation and growth. In the years to come, the expansion of the usage of fluoropolymers that are generated from fluorspar in lithium batteries will undoubtedly prove to be a rewarding possibility for the development of the fluorspar sector.

In November 2021, Koura, a fluoroproducts and technology originator, producer, and supplier member of the Orbia network of firms, agreed to buy organosilicon (OS) electrolyte expert Silatronix. More than 20% of worldwide fluorspar output and 10% of hydrofluoric acid supplies come from Koura. The Silatronix purchase enhances Koura's energy storage deployment capabilities and comprehensive energy materials strategy. (Source: https://www.orbia.com/this-is-orbia/news-and-stories/koura-an-orbia-company-acquires-battery-technology-company-silatronix/) In December 2020, Ares Strategic Mining, the Canadian company that controls the licensed and producing U.S. fluorspar mine, got technical guarantees to produce a new product at its Utah location. Ares claims that its manufacturing partner, Mujim Group, has invented a way to make fluorspar lumps from inappropriate materials. (Source: https://www.aresmining.com/post/ares-strategic-mining-inc-receives-breakthroughfluorspar-technology-sharing-commitment) In December 2023, Orbia Advance Corporation S.A.B. de C.V. Fluorinated Solutions rebranded as Orbia Fluor & Energy Materials. Orbia created the strategic repositioning to better match its business group with the applications where it provides present and future solutions. (Source: https://www.orbia.com/this-is-orbia/news-and-stories/Orbia-Announces-Rebrand-Fluorinated-Solutions-Busines-Orbia-Fluor-Energy-Materials/)

Top Companies Market Share in Fluorspar Industry: (In no particular order of Rank)

• British Ltd.
• China Kings Resources Group Co. Ltd.
• Gupo Minersa
• Jianyang Shanshui Chemicals Industry CORP. Ltd.
• Mexichem Fluor S.A. de C.V.
• Prima Fluorspar Corp.
• Seaforth Mineral & Ore Co.
• Sinochem Lantian Co. Ltd.
• Mongolrostsvetmet LLC.
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Fluorspar Market

Which Region Dominates the Fluorspar Market in 2024?

According to Cognitive Market Research, North America currently dominates the Fluorspars market, and the region is expected to have significant growth during the expected period. Particularly in the construction, automotive, and infrastructure sectors, the Fluorspar Market in North America is experiencing development due to the growing demand for steel and aluminium.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the expected period, with the greatest compound annual growth rate (CAGR). This is a result of the increasing demand from the chemical industry and the expansion of steel production.

The current report Scope analyzes Fluorspar Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

North America Fluorspar Market Analysis

According to Cognitive Market Research, the global Fluorspar market size was estimated at USD 2514.5 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 1005.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.2% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Fluorspar market with a market size of USD 793.58 million in 2024 and is attributed to grow at a CAGR of 3.0% during the projected period. The U.S. market's Rising demand for the production of aluminium and steel.
• The Canada Fluorspar market had a market share of USD 120.70 million in 2024 and is expected to grow at a CAGR of 4.0% during the projected period. Canada's steel and aluminium industries are experiencing growth.
• The Mexico Fluorspar market is expected to see growth at a CAGR of 3.7% during the projected period, with a market size of USD 91.53 million in 2024.

Europe Fluorspar Market Analysis

According to Cognitive Market Research, the global Fluorspar market size was estimated at USD 2514.5 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 754.35 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.5% from 2024 to 2031.

• The United Kingdom Fluorspar market had a market share of USD 126.73 million in 2024 and is attributed to grow at a CAGR of 4.3% during the projected period. In the UK, Fluorspar sales see an upswing because of the growing demand for chemicals that are derived from fluorspar.
• The France Fluorspar market is expected to see growth at a CAGR of 2.7% during the projected period, with a market size of USD 69.40 million in 2024.
• According to Cognitive Market Research, the German Fluorspar market size was valued at USD 149.36 million in 2024 and is expected to grow at a CAGR of 3.7% during the projected period. Use in metallurgical processes is on the rise in Germany.
• The Italy Fluorspar market is expected to see growth at a CAGR of 2.9% during the projected period, with a market size of USD 64.87 million in 2024.
• The Russia Fluorspar market is expected to see growth at a CAGR of 2.5% during the projected period, with a market size of USD 116.92 million in 2024.
• The Spain Fluorspar market is expected to see growth at a CAGR of 2.6% during the projected period with a market size of USD 61.86 million in 2024
• The Luxembourg Fluorspar market is expected to see growth at a CAGR of 3.6% during the projected period, with a market size of USD 23.38 million in 2024.
• The Portugal Fluorspar market is expected to see growth at a CAGR of 3.3% during the projected period, with a market size of USD 15.84 million in 2024.
• The Greece Fluorspar market is expected to see growth at a CAGR of 3.8% during the projected period, with a market size of USD 9.05 million in 2024.
• The Rest of Europe's Fluorspar market is expected to see growth at a CAGR of 2.2% during the projected period, with a market size of USD 116.92 million in 2024.

Asia Pacific Fluorspar Market Analysis

According to Cognitive Market Research, the global Fluorspar market size was estimated at USD 2514.5 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 578.34 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2031.

• According to Cognitive Market Research, the China Fluorspar market size was valued at USD 260.25 million in 2024 and is expected to grow at a CAGR of 6.5% during the projected period. Fluorine-based chemicals are in high demand due to China's rapid industrial expansion.
• The Japan Fluorspar market is expected to see growth at a CAGR of 5.5% during the projected period, with a market size of USD 79.81 million in 2024.
• The India Fluorspar market had a market share of USD 69.40 million in 2024 and is expected to grow at a CAGR of 8.8% during the projected period. India's Expanding steel production and industrial applications.
• The South Korean Fluorspar market is expected to see growth at a CAGR of 6.1% during the projected period, with a market size of USD 57.83 million in 2024.
• The Australian Fluorspar market is expected to see growth at a CAGR of 6.7% during the projected period, with a market size of USD 30.07 million in 2024.
• The South East Asia Fluorspar market is expected to see growth at a CAGR of 8.0% during the projected period, with a market size of USD 39.91 million in 2024.
• The Rest of Asia Pacific Fluorspar market is expected to see growth at a CAGR of 6.8% during the projected period, with a market size of USD 41.06 million in 2024.

South America Fluorspar Market Analysis

According to Cognitive Market Research, the global Fluorspar market size was estimated at USD 2514.5 Million, out of which Latin America held the market share of around 5% of the global revenue with a market size of USD 125.73 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Fluorspar market size was valued at USD 53.81 million in 2024 and is expected to grow at a CAGR of 5.0% during the projected period. Fluorspars flourished in Brazil due to the Rising demand for chemicals derived from fluorspar.
• Argentina's Fluorspar market had a market share of USD 21.12 million in 2024 and is expected to grow at a CAGR of 5.3% during the projected period. Argentina's Growing steel production.
• Colombia Fluorspar market is expected to see growth at a CAGR of 4.2% during the projected period, with a market size of USD 11.19 million in 2024.
• Peru Fluorspar market is expected to see growth at a CAGR of 4.6% during the projected period, with a market size of USD 10.31 million in 2024.
• Chile Fluorspar market is expected to see growth at a CAGR of 4.7% during the projected period, with a market size of USD 9.05 million in 2024.
• The Rest of Latin America's Fluorspar market is expected to see growth at a CAGR of 3.5% during the projected period, with a market size of USD 20.24 million in 2024.

Middle East Fluorspar Market Analysis

According to Cognitive Market Research, the global Fluorspar market size was estimated at USD 2514.5 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 50.29 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031..

• The GCC Countries Fluorspar market is expected to see growth at a CAGR of 5.5% during the projected period, with a market size of USD 21.52 million in 2024. In GCC, The aluminium and steel industries are witnessing growth.
• The Egypt Fluorspar market is expected to see growth at a CAGR of 5.0% during the projected period, with a market size of USD 5.28 million in 2024.
• The South Africa Fluorspar market is expected to see growth at a CAGR of 5.7% during the projected period, with a market size of USD 7.95 million in 2024. Increasing demand for hydrofluoric acid in South Africa.
• The Turkey Fluorspar market is expected to see growth at a CAGR of 4.2% during the projected period, with a market size of USD 4.32 million in 2024.
• The Nigeria Fluorspar market is expected to see growth at a CAGR of 3.8% during the projected period, with a market size of USD 5.28 million in 2024.
• The Rest of the MEA Fluorspar market is expected to see growth at a CAGR of 3.7% during the projected period, with a market size of USD 5.93 million in 2024.

Fluorspar Market Analysis

How are Segments Performing in the Global Fluorspar Market?

Fluorspar Market Grade Segment Analysis

According to Cognitive Market Research, Acid Grade is likely to dominate the Fluorspar Market over the projected period because of its primary function in the production of hydrofluoric acid, which is indispensable for a variety of industrial applications, such as the production of fluoropolymers, refrigerants, and other chemicals.

The Metallurgical Grade is the fastest-growing segment in the Fluorspar Market. Fluorspar is employed as a flux in metallurgical processes to enhance the fluidity of slag and eliminate impurities, which is a result of the growing demand for steel and aluminium production.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Fluorspar Industry. Request a Free Sample PDF!

Fluorspar Market Variety Segment Analysis

According to Cognitive Market Research, the Antozonite segment held the major share of the market. This is a result of its extensive use in the production of hydrofluoric acid, which is indispensable for a variety of industrial applications, such as the production of fluoropolymers, refrigerants, and other compounds.

In the Fluorspar Market, the Yttrofluorite has been expanding at a rapid pace. This expansion is attributable to the growing demand for high-purity fluorspar in advanced technological applications, including the production of specialised ceramics and optical components.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Fluorspar Application Outlook: Segment Analysis

Fluorspar Market Application Segment Analysis

According to Cognitive Market Research, The Fluorspar Market is primarily dominated by the Chemicals category, as Fluorspar is a critical raw material for the production of hydrofluoric acid. This acid is extensively employed in the chemical industry to manufacture refrigerants, fluoropolymers, and other chemicals.

In the Fluorspar market, the rapidly growing sector is the Less Metallurgical category. Fluorspar is employed as a flux in metallurgical processes to enhance the fluidity of slag and eliminate impurities, which is a result of the growing demand for steel and aluminium production.

• Metallurgical
• Ceramics
• Chemicals
• Other Applications

Author's Detail

Ashwini Moharir

Research Analyst at Cognitive Market Research

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Enthusiastic and analytical market research professional with 2 years of hands-on experience in tracking market trends, evaluating consumer behavior, and supporting strategic decision-making. Proficient in designing surveys, conducting interviews, and synthesizing insights from both primary and secondary sources. Successfully contributed to research projects across sectors such as retail, personal care, and industrial markets. Brings a keen eye for detail, strong data interpretation skills, and a passion for uncovering what drives markets forward. Comfortable working in fast-paced environments and collaborating across departments to deliver clear, actionable findings.

Author's Conclusion