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
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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