Calcium Chloride Sources Market Share- Growth, Trends, Covid-19 Impact, And Forecasts (2022 - 2030)
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 Share 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 share 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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