Calcium Fluoride Market size was over USD 1.6 billion in 2024 and is projected to cross USD 4.3 billion by the end of 2037, growing at more than 7.9% CAGR during the forecast period i.e., between 2025-2037. In 2025, the industry size of calcium fluoride is estimated at USD 1.7 billion.
A significant driver of the calcium fluoride market’s growth is extensive applications in industries such as metallurgy and optics, as well as in the production of hydrofluoric acid. Calcium fluoride is a naturally occurring mineral that is extensively used as a flux in steelmaking, assisting reduction of melting temperatures and removing impurities. Advancements in research to apply calcium fluoride crystallization to boost potential resource recovery are poised to expand calcium fluoride uses. For instance, in April 2024, the National Center for Biotechnology Information published research indicating positive results from treating wastewater from the semiconductor industry using a calcium fluoride crystallization process through a fluidized bed reactor with silica seed material.
The calcium fluoride market is expanding owing to industries increasingly adopting the material to meet evolving technological standards. The market will benefit from advancements in mining and purification techniques, ensuring a steady supply of high-quality calcium fluoride. For instance, in April 2024, Tivan Ltd. announced a 37% growth of fluorite resource in the Speewah Fluorite Project in Australia with the project establishing itself as one of the largest high-grade fluorite resources globally. Additionally, the global shift towards renewable energy has expanded calcium fluoride applications as anti-reflective coatings on solar panels.
The calcium fluoride market’s expansion is projected to be the largest in North America, followed by APAC. Growing investments in infrastructural development in developed and emerging economies are poised to create consistent revenue streams for the sector owing to calcium fluoride’s use as a flux in construction materials. Solvay, a major player in the market, announced a 3.9% organic increase in net sales in the third quarter of the financial year 2024, indicating positive trends within the market that can be leveraged to expand revenue shares. The global calcium fluoride market is primed for substantial growth by the end of the forecast period, fueled by favorable market dynamics.
Growth Drivers
Challenges
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
7.9% |
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Base Year Market Size (2024) |
USD 1.6 billion |
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Forecast Year Market Size (2037) |
USD 4.3 billion |
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Regional Scope |
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Application (Aluminum Metallurgy, Optical, Ceramics, Chemicals, Others)
By application, the aluminum metallurgy segment is poised to account for calcium fluoride market share of around 46.6% by 2037. The segment’s dominant share is attributed to application of calcium fluoride in improving the efficiency of the smelting process. Its usage as a flux facilitates a reduction in the melting temperature of aluminum and its alloys, leading to lower energy consumption and improvements in operational efficiency. In September 2023, ABx group was awarded a contract by Adbri to supply 90,000-120,000t of bauxite to its cement plant in Australia, and the mining project began in October 2023. The trends boost aluminum production from bauxite benefiting the application of calcium fluoride in the Hall-Héroult smelting process to extract pure aluminum.
Sectors such as aerospace and automotive drive demand for drive demand for high-purity aluminum. For instance, in October 2023, Airbus extended its agreement with Novelis for the latter to continue to supply innovative aluminum products and solutions for the commercial aerospace industry.
The optical segment of the calcium fluoride market is projected to boost application of calcium fluoride and contribute significantly to its expansion during the forecast period. Calcium fluoride remains a critical component in manufacturing of high-precision optical components. Features such as ability to transmit ultraviolet (UV) and infrared (IR) with minimal distortion make it indispensable in camera lenses, telescopes, lasers, etc.
The optical segment expands applications in end user industries such as semiconductors, diagnostic imaging, and defense for equipment such as photolithography, thermal imaging, and high-energy laser beams. New contracts from the defense sector for advanced thermal imaging equipment are poised to create sustained revenue channels for the calcium fluoride market. For instance, in September 2024, LightPath Technologies Inc., announced receiving a contract from a tier-1 defense customer for thermal imaging assemblies.
Type (>97% Calcium Fluoride, <97% Calcium Fluoride)
The high-purity of >97% calcium fluoride assists the segment registering the largest revenue share by type in the calcium fluoride market. >97% calcium fluoride segment benefits from its export quality and application in the manufacturing of high-precision optical components. The Observatory of Economic Complexity estimated global trade worth of USD 384 million of <97% calcium fluoride in 2022. Additionally, rising demand for materials with superior purity and performance positions the segment for sustained growth.
Our in-depth analysis of the global calcium fluoride market includes the following segments:
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Application |
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Type |
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North America Market Forecast
North America in calcium fluoride market is expected to dominate around 47.8% revenue share by the end of 2037. The region’s growth is attributed to a well-established industrial base fueling demand for calcium fluoride for multiple end-user sectors. The U.S. and Canada lead the revenue share in North America. Additionally, an increase in steel production, bolstered by the rising production in the U.S. drives demand for calcium fluoride. For instance, in November 2024, the American Iron and Steel Institute reported domestic raw steel production was 1,623,000 net tons while the capability utilization rate was 73.1 percent in the month of November alone signifying the end use potential of the sector for calcium fluoride in manufacturing.
The U.S. leads the revenue share of the calcium fluoride sector in North America. A major driver of the sector’s growth in the country is rising owing to fluorspar application in iron and steel casting, and in welding rod coatings. The U.S. Geological Survey Publications Warehouse estimated 390 tons of fluorspar imports in 2023. Additionally, the U.S. remains one of the highest steel manufacturing countries globally, which is poised to create a steady demand for industrial-grade calcium fluoride.
Canada is poised to expand its revenue share in the calcium fluoride market of North America driven by its metallurgical industry. Investments in mining infrastructure boost demand for calcium fluoride as a flux in ore refining and smelting operations. For instance, in September 2024, Canada announced the Critical Minerals Infrastructure Fund, i.e., a part of the Canadian Critical Minerals Strategy to fill gaps in infrastructure. Additionally, the Critical Metals Report by the Fluoride Action Network highlighted increasing interest in fluorspar or calcium fluoride due to the lack of substitutes for its applications.
APAC Market Forecast
The Asia Pacific calcium fluoride market is poised to register the fastest revenue growth in the calcium fluoride sector. A significant driver for the sector’s rapid growth is owed to demand for high-purity calcium fluoride for advanced optical components in industries such as semiconductors and electronics. Additionally, China’s position as the world’s largest fluorspar supplier benefits the sector’s robust growth curve in APAC.
The booming steel production in China and India creates profitable opportunities for suppliers to provide calcium fluoride to be used as a flux. The rise in criticality of fluorspar is poised to boost the calcium fluoride market in APAC. For instance, in June 2024, Tivan Ltd. signed a strategic agreement with Sumitomo Corporation of Japan for a join venture for the development, financing, and operation of the Speewah Fluorite Project in Australia.
China registered the largest revenue share in the calcium fluoride sector of APAC. The country has some of the largest fluorspar reserves in the world, behind only Mexico. The Observatory of Economic Complexity estimated China to have led the global fluorspar exports in 2022 with exports worth USD 127 million. Domestic fluorspar producers are poised to benefit from growing demand from the hydrofluoric acid sector while anticipated shortage of hydrofluoric acid due to low inventories can drive an increase in fluorspar demand.
India is positioned to expand the domestic calcium fluoride sector and strengthen its standing in the APAC calcium fluoride market. A key driver of the sector is the country’s push for self-reliance in infrastructure development and domestic chemical production. Government initiatives such as Make in India boost the overall chemical sector in the country. Additionally, the country is the second largest manufacturer of steel and cement creating a steady necessity for calcium fluoride in these sectors.
The calcium fluoride sector is projected to have a profitable expansion during the forecast period. Key players are investing to increase the production of fluorspar to boost presence in the domestic and global supply chains.
Here are some key players in the calcium fluoride market:
Author Credits: Rajrani Baghel
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