Developing Products to Suit Price-Sensitivity of Developing Economies Creates New Opportunity for Fluorspar Market, Says TMR
The leading players – China Kings Resources Group Co., Ltd, Mexichem S.A.B de C.V., Centralfluor Industries Group, Inc., MINERSA Group, and Kenya Flourspar Company Ltd (KFC) – held a collective share of 37.2% in the global fluorspar market in 2014. These players will focus on strategic acquisitions and mergers to fortify their hold in the overall market. “Though the degree of competition is high due to an oversupply of fluorspar in the market, vendors will have to focus on introducing cheaper products due to price-sensitivity, especially in developing countries,” suggests the lead author of this research report. The opportunity in the global fluorspar market will be worth US$3,489.7 mn by 2023 as compared to US$2,193.0 mn in 2014, with the market surging at a CAGR of 5.4% between 2015 and 2023. Download Sample PDF report with TOC: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1858 Fluorspar manufacturers are also tying up...