Global Calcium Chloride 2021 by Manufacturers, Regions, Type and Application, Forecast to 2027
Segmentation
The
global calcium fluoride market is classified into the application segment. On
the basis of the application, the market is bifurcated into aluminum
metallurgy, production of welding agents, optical, glass manufacturing, and
others.
Competitive Analysis
Some
of the well-known players operating in the global calcium fluoride market are
Solvay (Belgium), GFS Chemicals, Inc. (U.S.), International Crystal
Laboratories (U.S.), Aldon Corporation (U.S.), Sydor Optics (U.S.), Glass Fab,
Inc. (U.S.), Super Conductor Materials, Inc (U.S.), ESPICorp Inc. (U.S.),
Alufluor AB (Sweden), and Reade International Corp (U.S.) among others.
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Calcium
Fluoride is used in numerous applications due to its ability to offer excellent
thermal stability, durable nature, efficiency, and superior performance to the
final product. Due to these factors, they are used in various applications such
as aluminum metallurgy, production of welding agents, optical, glass
manufacturing, and others. The global calcium fluoride market is spanned across
five regions of the world namely Asia Pacific, Europe, North America, Latin
America, and the Middle East & Africa. Among these, Asia Pacific holds the
major share of the global market and is projected to continue leading the
market owing to growing consumption of calcium fluoride in aluminum metallurgy,
production of welding agents, optical, glass manufacturing, and others. It is
estimated that the aluminum metallurgy segment is set to observe the highest
CAGR in the market due to growing use of the product to improve the physical
characteristics and add extraordinary quality to the final product. Moreover,
the increasing consumption of inorganic compound as a raw material for
hydrochloric acid production in major industries has propelled the market to
witness a rapid growth during the forecast period. These factors have led to
China, India and Japan to be the major players of this region.
The
North American market is expected to grow at a higher CAGR due to extensive
consumption of product in heavy end-use sectors. The U.S., Canada, and Mexico
have achieved a significant place in the market due to growing investments in
the end-use industries. The growing demand for calcium fluoride in aluminum,
construction sectors, and others is also estimated to drive the market during
the forecast period.
A
notable development is achieved in the European region due to the growing
demand for calcium fluoride in optical applications such as windows, lenses,
thermal imaging systems, spectroscopy, telescopes, and excimer lasers.
Furthermore, the growing innovation and technological advancement have
propelled the market to witness a higher growth. Owing to these factors,
countries such as Germany, the U.K, and Italy are the major contributors to
this market.
A
considerable development is predicted in the Latin American region such as in
Brazil, Uruguay, and Argentina due to the growing consumption of the product in
aluminum, steel, and construction industries. Moreover, a rapid development is
estimated in the Middle East & African region such as Qatar, the U.A.E, and
others due to boundless use of product in welding agents, glass industries, and
others.
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