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Cryolite is a mineral, with extremely limited natural occurrence. The mineral is chemically a double fluoride of aluminum and sodium. Cryolite was found exclusively in the west coast of Greenland, before getting exhausted in 1987. The demand for cryolite is now met by producing synthetic cryolite. Cryolite is one of the most important raw materials, for the process of extracting aluminum from its ore (alumina). The characteristics of synthetic cryolite is similar to that of the natural mineral, but synthetic cryolite often lacks the amount of sodium fluoride as observed in its natural counterpart.
Synthetic cryolite can be obtained in a lot of ways, and the preferred mode of synthesis is determined by the availability and cost of the raw materials required. The most common method of synthesizing cryolite is by the reaction of hydrofluoric acid with alumina hydrate and soda ash. One of the primary drivers of the synthetic cryolite market is the tremendous growth in the aluminum market. Aluminum is one metal which has outpaced all others in its demand growth. Aluminum finds application in a host of end use industries such as transport, packaging, consumer goods, electrical goods, building and construction, machinery and equipments among others. Since cryolite is the principal material used in the molten electrolyte bath, for the extraction of aluminum, the growth in the aluminum market directly results in the growth in cryolite market. The demand for aluminum is generated mostly from the transport industry and packing industry. The low weight of aluminum is the key bait for most automotive manufacturers, looking to manufacture low weight cars with high fuel efficiency. Aluminum is also in the process of gradually replacing plastics for packaging applications which is expected to drive the market for cryolite further. Apart from its use in the aluminum extraction process cryolite is also consumed by the abrasives, ceramics and glass manufacturing industries albeit in nominal quantities. It is used as opacifier in glass industry
Cryolite is added to reduce the melting point of aluminum ore as the melting point of cryolite is 1009° C. This allows the process to take place at 920° C to 1000° C. However research is on to find other ways of extracting aluminum and reduce the temperature requirement. Although success of such process is indefinite, replacement of cryolite in aluminum extraction process might be the biggest threat to the market and might lead to extinction. The fluctuating price of aluminum is another restraint for the cryolite market as heavy price fluctuations have the potential to adversely affect the end use industries.
More than 60 % of the global demand for aluminum is derived from Asia Pacific with China leading demand with about 45% of the global demand. Europe and North America account for about 30% of the global demand cumulatively. The demand for cryolite exhibits a similar trend. China is the largest producer and consumer of synthetic cryolite. India and the U.S. also manufacture substantial quantities of synthetic cryolite.
This market is characterized by high degree of competition among manufacturers, and it is a price sensitive market. Some of the major players in the synthetic cryolite market are Fluorsid S.p.A, S.B.Chemicals, Do Fluoride Chemicals Co., Ltd., Yuzhou Deyi Chemical Co. Ltd, Henan Buckton Industry&Commerce Co., Ltd, Zhengzhou Flworld Chemical Co., Ltd and Xinhai Chemicals Co., Ltd among many others.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

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The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

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Cryolite Market

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