| Source: FACT.MR
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Rockville, May 04, 2023 (GLOBE NEWSWIRE) — Worldwide demand for calcium fluoride is expected to increase rapidly at a CAGR of 8.1% from 2023 to 2033. Calcium Fluoride is used as a key ingredient in the manufacturing of hydrogen fluoride and calcium sulfate. The global calcium fluoride market is predicted to reach a value of US$ 3.5 billion by the end of 2033, according to data provided by Fact.MR, a provider of market research and competitive intelligence.
Calcium fluoride is a solid white hue, which is also addressed as fluorspar. It is one of the most valuable and well-known inorganic compounds. Calcium fluoride is used for various purposes, including the production of numerous welding agents, the manufacturing of glass, and the metallurgy of aluminum. There are a few beauty items that use calcium fluoride as one of the key ingredients.
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In recent years, there has been a noteworthy increase in the use of aluminum goods in several end-use industries. Aerospace, automotive, packaging, marine, construction, electronics, machinery, consumer durables, etc., are some prominent industries contributing to the rising demand for aluminum, and thus, the increasing sales of calcium fluoride.
Key Takeaways from Market Study
Increased government spending on infrastructure projects along with growing production of automobiles is anticipated to stimulate the demand for calcium fluoride around the world, says a Fact.MR analyst.
Calcium Fluoride – Multipurpose Inorganic Compound
Growth opportunities in the global calcium fluoride market are predicted to increase due to the rising production, investments, and sales of automobiles around the world. The improvement of living conditions and advancements in interior designs are expected to contribute to the rising demand for calcium fluoride. There are numerous end-use industries, which employ aluminum for multiple purposes, including aeronautical, packaging, and others, which is predicted to boost demand for calcium fluoride.
Demand for strong aircraft is estimated to increase over the forecast period in the aerospace industry. A noteworthy increase in the size of cargo airplanes and corporate passenger fleets is anticipated over the coming decade. More aluminum will be required in the production of fleets. The manufacturing of more aluminum end products and brake lining materials is predicted to boost market growth opportunities over the coming years.
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Asia Pacific to Hold Significant Share of Global Market Revenue
Among other regional markets, Asia Pacific is forecasted to hold a significant share of the revenue over the coming years. Increasing production of automobiles and rapid industrialization in the region are expected to bolster demand for calcium fluoride. Moreover, rising construction activities are also predicted to generate lucrative opportunities for market players in the Asia Pacific region.
Prominent suppliers of calcium fluoride are increasing their investing capacities for new developments. They are concentrating on strengthening their supply chain management system, which is used to provide quality products to target end users. Manufacturers of calcium fluoride try to meet the regulations set by governing bodies for minimal environmental impacts.
Key Market Players
Segmentation of Calcium Fluoride Industry Research
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More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the calcium fluoride market, presenting historical demand data (2018 to 2022) and forecast statistics for the period (2023 to 2033).
The study divulges essential insights into the market based on product type (>97% calcium fluoride, <97% calcium fluoride) and application (metallurgical, chemicals, optical, others), across five major regions of the world.
Key Questions Covered in the Calcium Fluoride Market Report
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Calcium Nitrate Market Demand: The global market for calcium nitrate stands at a value of US$ 12.8 billion in 2022 and is projected to surpass a US$ 20.7 billion sales valuation by the end of 2032. Worldwide calcium nitrate market demand is predicted to increase at a 4.9% CAGR from 2022 to 2032.
Calcium Peroxide Market Sales: Global Calcium Peroxide Market sales in 2021 were held at US$ 1.9 Bn. With 3.4%, the projected market growth during 2022 – 2032 is expected to be significantly higher than the historical growth.
Calcium Acetate Market Share: The Calcium acetate market share is driven by the increasing demand for its products in the food and pharmaceuticals industry. Calcium acetates are gaining considerable demand globally. The product finds its usage as a binder in the pharmaceutical industry.
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| Source: FACT.MR