Market Insights:
Cryolite is an uncommon mineral with very limited natural occurrence. Synthetic cryolite is also known as sodium aluminum fluoride. Cryolite finds application in aluminum metallurgy, automobiles, bonded abrasives, welding agents, enamel and glass frits, and blasting and pyrotechnics. It is widely used for the extraction of aluminum which finds application in various industries such as automotive, aerospace and defense, consumer goods, electrical, packaging, and building and construction.
The rising demand for aluminum in various industries is expected to propel the growth of the global cryolite market during the forecast period. The increasing use of aluminum in the automotive industry owing to its light weight is fuelling product demand. The expanding automotive industry with the increasing production of lightweight, electric, and hybrid vehicles to meet stringent environmental regulations aimed at reducing carbon emissions is likely to drive the growth of the cryolite market globally in the coming years. Additionally, the expanding aerospace industry as a result of increasing air traffic and rising disposable incomes is likely to fuel the demand for cryolite in developing markets. The booming defense sector in these countries to strengthen military power is also expected to drive market growth.
The consumption of cryolite is increasing in the electrical and electronics industry due to the growing demand for electronics such as home appliances, driverless cars, and telecommunication devices. Additionally, the rising demand for decorative enamels in households and hotels is driving market growth globally.
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Ø Solvay
Ø Do Fluoride Chemicals
Ø S.B.Chemicals
Ø Xinhai Chemicals
Ø Zhengzhou Flworld Chemical
Ø Henan Buckton
Ø All-Chemie, Ltd
Ø Washington Mills Electro Minerals
Ø Skyline Chemical Corp
Ø Yuzhou Deyi Chemical
Industry Segmentation:
The global Cryolite Market Analysis has been segmented by application and region.
Based on application, the global cryolite market has been segmented into aluminum metallurgy, automotive, bonded abrasives, enamel and glass frits, blasting and pyrotechnics, welding agents, and others.
The global cryolite market has been divided into five key regions—Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.
This research report has provided the insights, on various levels of analyses such industry analysis, market share analysis leading market players and their profiles. This report also helps in studying the target segments by providing views on emerging & high-growth segments and market conclusion. Together the market data comprise and discuss with the basic assessments on the competitive scenarios & strategies, of the Cryolite Market Analysis, including the high-growth regions, countries and their political, economic and technological environments. Furthermore, the project report also provides the views over the historical market values as well as, pricing and cost analysis of the same.
APAC will be the leading market
APAC will dominate the market for Global Cryolite, accounting for $XX Million and is expected to grow over $XX Million by 2022. This share is attributed to the growing demand from application segment, rising aluminum demand and emerging economies.
North America, Europe and RoW are the growing market for Global Cryolite Market and are expected to grow at CAGR of XX% respectively from 2016 to 2022.
Intended Audience
- Cryolite manufacturers
- Traders and distributors of cryolite
- Research and development institutes
- Potential investors
- Raw material suppliers
- Nationalized laboratories
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