Global Feldspar Market was value US$ 542.2Mn in 2017 and is expected to reach US$ 845.3Mn by 2026 at a CAGR of 5.71%.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding the global feldspar market dynamics, structure by identifying and analysing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, and SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in the global feldspar market.
The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
Feldspar mineral accounts for an expected 60% of exposed rocks also soils, clays, and other unconsolidated sediments, and are principal components in rock classification. The minerals included in this class are the orthoclase, microcline and plagioclase Feldspars. Feldspar is also used as fillers in several industrial applications. A product for instance paints, plastics and rubbers utilize feldspar as fillers and extenders.
The major factor for the growth of feldspar is that it is used to make dinnerware, bathroom, and building tiles. Also in ceramics and glass production, feldspar is used for flux. Products for instance dinnerware, ceramics, bathroom and building tiles are in high demand across the world. Many new projects are booming across the globe owing to new plans adopted to develop infrastructure and economic corridors. The latest ban on mining due to its negative impact on the environment, miner’s safety issues are few possible restraints for the growth of global feldspar market.
Potassium feldspar segment is leading the global feldspar market. Potassium feldspar is widely used as a fluxing agent in glass manufacturing as it reduces melting temperature. The product is used in the making of scientific glass, float glass, and other products. Plagioclase feldspars contain Albite, Oligoclase, Andesine, Labradorite, Bytownite, and Anorthite. Plagioclase feldspar is extensively used in the manufacture of false teeth, glass, ceramics, scouring powders, and enamel.
Glass segment is dominating the global feldspar market. Feldspar is one of the most essential materials used in the manufacturing of various types of glass. The use of feldspar, which acts as a fluxing agent, reduces the melting temperature of quartz and aids in controlling the viscosity of glass.
Region-wise, the Asia Pacific is estimated to be the fastest-growing market for feldspar during the forecast period because of rising demand for feldspars from the region’s glass and ceramics industries. China is the largest and the fastest-growing feldspar market in the Asia Pacific region. India, Thailand, South Korea, and Malaysia are the other key feldspar markets in the Asia Pacific. Increasing population, growing urbanization, and rising investments in infrastructure projects are anticipated to drive the region’s overall industrial growth, thereby growing the demand for feldspars.
Scope of Global Feldspar Market
Global Feldspar Market, by Type
• Plagioclase Feldspar
Global Feldspar Market, by End-use
Global Feldspar Market, by Region
• North America
• Asia Pacific
• Middle East and Africa
• South America
Key players operating in Global Feldspar Market
• Eczacibasi Esan
• Micronized Group
• Imerys Minerals
• Sibelco Nordic
• The Quartz Corp.
• Asia Mineral Processing
• EL Waha Mining & Fertilizers
• EP Minerals, Inc.
• Mahavir Minerals
• Minerali Industriali
• Pacer Corporation
• Sun Minerals
• KMK Granit
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