Cryolite Market Global Size, Share, Trends, Market Growth, Business Boosting Strategies and Forecast to 2023
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.
Some of the key players in the global cryolite market are Fluorsid SpA (Italy), S.B. Chemicals (India), Solvay (Belgium), Xinhai Chemicals (China), Zhengzhou Flworld Chemical (China), Henan Buckton Industry & Commerce Co., Ltd (China), All-Chemie, Ltd (US), Washington Mills Electro Minerals (US), Skyline Chemical Corporation (US), and Yuzhou Deyi Chemical (China).
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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.
The North American market is expected to grow at a significant rate during the forecast period. The automotive and aerospace and defense industries are the major consumers of cryolite due to its light weight and low energy consumption. The increasing demand for electronic devices in vehicles, healthcare, and telecommunications is driving market growth.
The consumption of Cryolite Market 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.
Browse the market data and information spread across 140 pages with 24 data tables and 09 figures of the report “Cryolite Market Research Report - Forecast to 2023” in-depth alongside table of content (TOC) at: https://www.marketresearchfuture.com/reports/cryolite-market-1617
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