Feldspar Market by Type (Plagioclase Feldspar and K-Feldspar) and by End-Use (Glass, Ceramics, Fillers, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018—2024

Global feldspar market expected to generate around USD 836 million by 2024, at a CAGR of around 6.36% between 2018 and 2024. The ongoing development and advancement in the construction industry, especially in residential and commercial sectors, is the key factor that is likely to drive the feldspar market in the upcoming years

07-Jan-2019 | Number of pages: 110 | Report Code: ZMR-3703 | Report Format : | Status : Published

Analysis

Feldspar is a group of rock minerals that constitute aluminum silicate as the main mineral. Other than aluminum silicate, the other constituents of feldspar include potassium, soda, or lime. These rock minerals form 40—42% of the earth’s continental crust by weight. The word feldspar is derived from the German word “feldspat” that means a rock containing ore. Feldspars are mainly magma and indigenous rocks. In some cases, feldspars are considered principal components of rock classification. Feldspars are crucial components for building stones. In fact, most products that we use in our daily lives are made of feldspar. The alumina and alkali content of feldspar makes it a useful element in various industrial processes.

The ongoing development and advancement in the construction industry, especially in residential and commercial sectors, is the key factor that is likely to drive the feldspar market in the upcoming years. In the construction industry, feldspar is mainly used for making building tiles, dinnerware, bathroom tiles, etc. The increasing product demand by glass and ceramic industries in the emerging nations is anticipated to boost the market in the upcoming years. In ceramic and glass production, feldspar is mainly used as a flux, to lower the melting temperature when added to ceramic or glass products. The increasing use of dinnerware, bathroom tiles, and building tiles, is projected to positively impact the feldspar market in the forecast years. Various infrastructural projects and investments made in the emerging countries are likely to boost the product demand in the upcoming years. These factors are expected to fuel the feldspar market over the estimated time span. However, the volatile logistics and mining costs might hinder the feldspar market over the estimated time period.

Global Feldspar Market

By type, the feldspar market is segmented into plagioclase feldspar and k-feldspar. By end-use, the market is segmented into glass, ceramics, fillers, and others.

By region, Europe held the largest share in the global feldspar market in 2017 and is expected to maintain its dominance in the upcoming years. The region is the largest producer of potassium type feldspar. Italy is considered as the second top producer of potassium type feldspar globally after Turkey. Moreover, the rising demand for feldspar for industrial tools and machinery as abrasives is anticipated to further drive this regional market in the upcoming years.

Some industry players operating in the feldspar market include I-Minerals Inc., Quarzwerke GmbH, Adolf Gottfried Tonwerke GmbH, EczacibasiEsan, LB Minerals, U.S. Silica Company, El Waha Mining & Fertilizers, SP Minerals, SCR-Sibelco NV, Granite Rock Company, Imerys S.A., and Feldspar Corp.


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