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 Cryolite
Industry, 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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