Calcium Chloride Sources Market Forecasts and Opportunities, 2021 - Trends, Outlook and Implications Across COVID Recovery Cases to 2027
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 calcium Chloride
Sources 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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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 chloride sources 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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