MRC recognizes the following companies as the key players in the global fluorspar market: RUSAL, MINERSA GROUP, Mexichem S.A.B. de C.V., China Kings Resources Group, and Seaforth Mineral & Ore.
Other Prominent Vendors in the market are: British Fluorspar, Canada Fluorspar, Centralfluor Industries Group, Groupe Managem, Kenya Fluorspar Company, Masan Group, Mongolrostsvetmet, Steyuan Mineral Resources Group, and YING PENG GROUP.
Commenting on the report, an analyst from MRC’s team said: “One trend in the market is increasing use of fluoropolymers in lithium batteries. In Lithium-ion batteries, also known as Li-ion batteries, fluorspar is used. The growing use of lithium-ion batteries in electric vehicles as well as in homes as substitutes to conventional power grids is expected to augment the demand for fluorspar during the forecast period.”
According to the report, one driver in the market is high demand from aluminum and steel industries. There has been an increase in the demand for aluminum in the automotive industry. During the aluminum production process, fluorspar is mixed with bauxite and soda ash which forms cryolite. Cryolite is further processed to form aluminum. The heavy use of aluminum in the automotive industry is projected to remain a key driver for the growth in the global fluorspar market during the forecast period. The growth in the automotive sector can be attributed to the rise in the disposable income and the rise in the GDP worldwide.
Request Sample Copy of the Report@https://marketreportscenter.com/request-sample/568143
Further, the report states that one challenge in the market is stringent government rules and regulations. The manufacturing of fluorspar encompasses adherence to strict regulations. According to the Mining and Environmental Impact Guide released by the Department of Agriculture and Rural Development (GDACE), if wastes during the mining are not properly dumped, chemicals, such as fluorspar, come in contact with the groundwater, which causes water pollution. The governments across the globe are taking strict actions against the improper dumping of waste during the mining process. This can increase the cost of fluorspar mining.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Check Discount on Report @ https://marketreportscenter.com/request-discount/568143
About Market Reports Center;
Market Reports Center is an e-commerce platform obliging the needs of knowledge workers, experts, professionals who are subject to market research information for their work, or to make strategic business decisions. We are dedicated to create a comprehensive offering of market research which is accurate, credible and affordable.
Market Reports Center currently has more than 4,00,000 plus titles and 50+ Publishers on our platform and growing consistently. We cover more than 35 industry verticals being: Automotive, Electronics, Manufacturing, Pharmaceuticals, Healthcare, Chemicals, Construction, Agriculture, Food, Beverages, Banking & Finance, Media and Government, Public Sector Studies.
Connect for more details:
Sam Collins
Market Reports Center
1-646-883-3044 (US)
Email: info@marketreportscenter.com
Website: https://marketreportscenter.com
No comments:
Post a Comment