Cryolite Market Analysis: Price Index, Trend, and Forecast by Procurement Resource
Cryolite (Na3AlF6) is a mineral chemically known as Sodium Hexafluoroaluminate. It occurs as a colorless, white reddish to gray-black prismatic monoclinic, glassy solid crystal, which is rare in nature and is found in the depositions of Ivittuut on the west coast of Greenland. The compound is soluble in Aluminium Chloride solution and sulfuric acid with the evolution of Hydrofluoric acid, which is toxic in nature. However, the compound is not soluble in water.
Cryolite is used in the industrial manufacturing of metals such as aluminium and has many other metallurgical applications. The texture and look of the compound are used in the production of glass and ceramics as a coating over the products, and it has vast applications in different market sectors.
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The key importer countries for Cryolite are the Netherlands, Germany, and the United States. On the other hand, the key exporting countries for the same are Germany, the Netherlands, and Belgium.
Key Details About the Cryolite Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the cryolite price analysis in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.
The Cryolite Price chart, including India Cryolite price, USA Cryolite price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting Cryolite Price Trend:
Cryolite has various applications in the metallurgical industries. It acts as a solvent for bauxite, for the electrolytic production of aluminium on a large scale where it gradually reduces alumina to aluminium by the Hall-Heroult Process. It helps in manufacturing aluminium wastes, aluminization of steel and in welding industries, as well.
Cryolite has several applications in the ceramic industries, such as producing glass objects and ceramic products such as basins, tubs, pans, etc. It is also used as a filtering membrane in inbounded abrasives. Synthetic Cryolites are the derivatives of Fluorites and are used in the synthesis of sodium or aluminium salts. It is also used as a flux in the electrolytic processing of aluminium. Cryolite is also used in the manufacturing of agricultural products like insecticides and pesticides, and hence, it shows its associations with the agricultural industries as well.
Key Players:
- Solvay
- Fluorsid
- Do-Fluoride Chemicals
- Nantong Jinxing Fluorides Chemical
- Jiangsu Xintai Material Technology
- Shanghai Yixin Chemical
- Jiangxi Qucheng Chemical
- Triveni Chemical
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