Calcium Chloride Sources Market Report 2021: Market Size, Forecast, Insights, and Competitive Landscape Analysis 2020-2027
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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