Calcium Fluoride Market Analysis

  • Report ID: 6796
  • Published Date: Dec 05, 2024
  • Report Format: PDF, PPT

Calcium Fluoride Market Analysis

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: 

Application

  • Aluminum Metallurgy
  • Optical
  • Ceramics
  • Chemicals
  • Others

Type

  • >97% Calcium Fluoride
  • <97% Calcium Fluoride
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Author Credits:  Rajrani Baghel


  • Report ID: 6796
  • Published Date: Dec 05, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The calcium fluoride market is projected to expand at a CAGR of 7.9% during the forecast period of 2025 to 2037 and register USD 1.6 billion in 2024.

The calcium fluoride sector is positioned for a rapid expansion during the forecast period of 2025-2037. In 2024, the market’s valuation is estimated at USD 1.6 billion and in 2037, the market is projected to register USD 4.3 billion.

The major players in the market are Merck KGaA, OCP Group, Kepai Phosphates, EuroChem, Gujarat Narmada Valley Fertilizers & Chemicals Ltd., Yara International, PhosAgro, The Mosaic Company, Nutrien, and others.

The phosphoric acid segment by process of the calcium fluoride market is projected to hold the largest revenue share of 71.5% during the forecast period. The growth is attributed to the rising demand for phosphate fertilizers.

North America is positioned to lead the revenue share of the calcium fluoride market. By the end of the forecast period, North America is poised to register a share of 48.4% owing to surging demand for feed grade formulations.
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