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.
Ask
for your specific company profile and country level customization on reports.
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 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 Global
Cryolite Market,
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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