The Global Fluorspar Market was valued at USD 3.36 Billion in 2024 and is projected to reach USD 4.58 Billion by 2032, growing at a Compound Annual Growth Rate (CAGR) of 4.3% during the forecast period (2024–2032). This growth is being driven by escalating demand from the aluminum and steel industries, expanding refrigeration and air conditioning markets, and the accelerating adoption of fluoropolymers in high-tech applications.

As the industrial world increasingly relies on fluorine-derived products for everything from lightweight vehicles to energy storage, the companies mining and processing fluorspar are becoming strategically crucial. In this blog, we profile the Top 10 Companies in the Fluorspar Industry—a mix of integrated chemical giants, mining specialists, and regional leaders shaping the future of this essential mineral market.

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🔟 10. Gujarat Fluorochemicals Limited

Headquarters: Vadodara, Gujarat, India
Key Offering: Acid-grade Fluorspar, Fluorochemicals, Refrigerants

Gujarat Fluorochemicals is a leading integrated fluorochemical company in India, with a significant presence across the value chain from fluorspar mining to specialty chemicals. The company is strategically expanding its fluorspar mining operations to secure raw material supply for its growing refrigerant and PTFE manufacturing businesses.

Strategic Initiatives:

• Backward integration into fluorspar mining to ensure supply security

• Expansion of fluoropolymer production capacity for high-value applications

• Focus on environmentally friendly refrigerant gases aligned with Kigali Amendment

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9️⃣ 9. Hunan Nonferrous Fluoride Chemical Group

Headquarters: Hunan, China
Key Offering: Acid-grade Fluorspar, Aluminum Fluoride, Synthetic Cryolite

As one of China’s major fluoride chemical producers, Hunan Nonferrous leverages its access to domestic fluorspar resources to supply critical materials to the aluminum industry. The company is a key supplier of aluminum fluoride, an essential flux in aluminum smelting produced from fluorspar.

Strategic Initiatives:

• Vertical integration spanning fluorspar processing to aluminum industry chemicals

• Modernization of production facilities to meet stringent environmental standards

• Strategic partnerships with domestic aluminum producers

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8️⃣ 8. Zhejiang Wuyi Shenlong Flotation Co., Ltd.

Headquarters: Zhejiang, China
Key Offering: Acid-grade Fluorspar, Metallurgical-grade Fluorspar

Operating in China’s primary fluorspar-producing region, Zhejiang Wuyi Shenlong Flotation specializes in fluorspar beneficiation and processing. The company supplies various grades of fluorspar to both domestic and international markets, with a focus on high-purity acid-grade material for chemical applications.

Strategic Initiatives:

• Advanced flotation technology for high-purity fluorspar production

• Expansion of processing capacity to meet growing export demand

• Compliance upgrades to address China’s evolving environmental regulations

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7️⃣ 7. SepFluor Limited

Headquarters: Johannesburg, South Africa
Key Offering: Acid-grade Fluorspar, Hydrofluoric Acid

SepFluor is South Africa’s emerging force in the fluorspar sector, developing the Nokeng Fluorspar Mine and building an integrated hydrofluoric acid plant. The company aims to become a significant supplier to global markets, leveraging South Africa’s mineral resources and strategic location.

Strategic Initiatives:

• Development of integrated mine-to-acid production facility

• Targeting production of 180,000 tons of acid-grade fluorspar annually

• Strategic focus on export markets in Europe and North America

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6️⃣ 6. Masan High-Tech Materials

Headquarters: Hanoi, Vietnam
Key Offering: Acid-grade Fluorspar, Tungsten Products

Masan High-Tech Materials has rapidly become a global player through strategic acquisitions and vertical integration. After acquiring the Nui Phao polymetallic mine, which contains significant fluorspar resources, the company has established itself as a major supplier to the global hydrofluoric acid market.

Strategic Initiatives:

• Operation of one of the world’s largest integrated tungsten-fluorite facilities

• Annual production capacity of approximately 240,000 tons of acid-spar equivalent

• Strategic partnerships with global chemical companies for long-term supply

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5️⃣ 5. Minersa Group

Headquarters: Barcelona, Spain
Key Offering: Acid-grade Fluorspar, Metallurgical-grade Fluorspar

Minersa is a Spain-based mining company with operations spanning multiple continents. The company operates fluorspar mines in Spain and South Africa, supplying high-quality material to European chemical and metallurgical industries. Minersa is known for its technical expertise in fluorspar processing and consistent product quality.

Strategic Initiatives:

• Diversified mining operations across Europe and Africa

• Focus on high-purity acid-grade fluorspar for specialized applications

• Investment in sustainable mining practices and community development

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4️⃣ 4. Fluorsid S.p.A.

Headquarters: Milan, Italy
Key Offering: Acid-grade Fluorspar, Hydrofluoric Acid, Fluorochemicals

Fluorsid is a leading global producer of inorganic fluorides and derivative products, with integrated operations from fluorspar mining to specialty chemicals. The company operates mining assets in Italy and the United Kingdom, complemented by chemical production facilities serving global markets.

Strategic Initiatives:

• Vertical integration from mining to high-value fluorochemical production

• Strategic acquisitions to expand global footprint and product portfolio

• Focus on environmentally responsible production technologies

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3️⃣ 3. China Kings Resources Group Co., Ltd.

Headquarters: Zhejiang, China
Key Offering: Acid-grade Fluorspar, Fluorite Concentrates

As one of China’s largest fluorspar producers, China Kings Resources controls significant mineral resources and operates multiple processing facilities. The company plays a crucial role in supplying China’s massive domestic fluorochemical industry while also serving export markets.

Strategic Initiatives:

• Control of strategic fluorspar mining assets in key producing regions

• Modern beneficiation plants producing high-purity fluorspar concentrates

• Adaptation to China’s evolving environmental and export policies

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2️⃣ 2. Mongolrostsvetmet SOE

Headquarters: Ulaanbaatar, Mongolia
Key Offering: Acid-grade Fluorspar, Copper Concentrates

Mongolrostsvetmet is Mongolia’s state-owned enterprise responsible for developing the country’s significant mineral resources, including major fluorspar deposits. The company operates the Bor Undur fluorspar mine, one of the largest in the world, supplying primarily to Asian markets.

Strategic Initiatives:

• Development of Mongolia’s world-class fluorspar resources

• Strategic positioning to supply China’s growing fluorochemical industry

• Infrastructure development to overcome logistical challenges

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1️⃣ 1. Orbia Advance Corporation S.A.B. de C.V.

Headquarters: Mexico City, Mexico
Key Offering: Acid-grade Fluorspar, PVC Resins, Plastic Pipes

Orbia (formerly Mexichem) is the world’s leading fluorspar producer through its Fluorinated Solutions business. Operating the largest fluorspar mine in the world at Las Cuevas in Mexico, Orbia has built a vertically integrated business that supplies fluorspar to its downstream refrigerant and fluoropolymer operations.

Strategic Initiatives:

• Vertical integration from mining to high-value fluorochemical production

• Strategic global acquisitions to expand market presence

• Investment in R&D for next-generation fluoropolymer applications

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🌍 Outlook: The Future of Fluorspar is High-Tech and Sustainable

The fluorspar market is undergoing a significant transformation. While traditional applications in metallurgy and basic chemicals continue to drive volume, the industry is increasingly focused on high-value applications in electronics, energy storage, and advanced materials.

📈 Key Trends Shaping the Market:

• Rising demand for fluoropolymers in semiconductor and electric vehicle manufacturing

• Supply chain diversification away from Chinese dominance

• Technological advancements in mining and processing efficiency

• Increasing regulatory focus on sustainable mining practices

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Fluorspar Market – View in Detailed Research Report

The companies listed above are not only supplying essential industrial materials—they’re enabling the technological advancements that will define the coming decades.