Calcium Chloride Sources Market Growth, Trends, Insight and Industry Forecast, 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 Growth 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 growth 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 growth 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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