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Fluorspar is Currently Witnessing High Demand as Increasing Number of Fluorite Uses Grows
PALM BEACH, Fla., Jan. 27, 2021 /PRNewswire/ -- Fluorite has a wide variety of uses. The primary uses are in the metallurgical, ceramics, and chemical industries. In the U.S., most acid-grade fluorspar is used in the production of hydrofluoric acid, which is primarily used in manufacturing various fluorocarbon chemicals that are used as refrigerants, foam-blowing agents and solvents, and in the production of high-performance plastics. Hydrofluoric acid also is used in manufacturing computer chips and high-octane gasoline, stainless steel pickling and uranium fuel processing. Acid- or ceramic-grade fluorspar also may be used to manufacture enamels, glass and fiberglass, and welding rod coatings. Metallurgical-grade fluorspar is consumed mainly in steelmaking, but is also used in making portland cement and casting iron and steel. It is high in demand across various industrial areas such as building & construction, metallurgy, chemicals, and glass industries. A report from Industry Research says that the global Fluorspar market size is projected to reach US$ 3160.7 million by 2026, from US$ 2616.4 million in 2020, at a CAGR of 3.2% during 2021-2026.. Active stocks in the mining markets this week include
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