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Fluorspar Market

Wednesday, 07 December 2016 10:45

- omkartmr

The leading players – China Kings Resources Group Co., Ltd, Mexichem S.A.B de C.V., Centralfluor Industries Group, Inc., MINERSA Group, and Kenya Flourspar Company Ltd (KFC) – held a collective share of 37.2% in the global fluorspar market in 2014. These players will focus on strategic acquisitions and mergers to fortify their hold in the overall market.

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“Though the degree of competition is high due to an oversupply of fluorspar in the market, vendors will have to focus on introducing cheaper products due to price-sensitivity, especially in developing countries,” suggests the lead author of this research report.The opportunity in the global fluorspar market will be worth US$3,489.7 mn by 2023 as compared to US$2,193.0 mn in 2014, with the market surging at a CAGR of 5.4% between 2015 and 2023.