Global Feldspar Market is expected to grow at a robust CAGR.
According to TechSci Research report, “Global Feldspar Market – By Region,
Competition, Forecast and Opportunities, 2018-2028”, the Global Feldspar Market is expected to register
robust growth during the forecast period. The recent outbreak of
coronavirus had a negative impact on the feldspar market as it halted industrial
operations throughout the country. The severe disruptions in various
manufacturing, as well as the supply-chain operations due to the various
precautionary lockdowns imposed by governments to curb the spread of disease,
led to huge financial setback for the market. As a result, the key end-use
sectors of the glass industry, such as construction and automotive, are
expected to experience a downward trend. This is likely to limit feldspar
market growth in the country in the short term.
However, despite a global pandemic, the country's industrial
activities resumed in the second quarter of 2020 as the individual regulatory
bodies began to relax these enforced lockdowns. The suspended and cancelled
operations will continue and as a result the market is estimated to expand. Minspar is an alternative of feldspar, which is made up of
crystalline minerals that are mostly alkaline silicates. Minspar 200 is widely
used in ceramics, both in clay and glaze formulation.
This feldspar market report provides details of new recent
developments, trade regulations, import-export analysis, production analysis,
value chain optimization, market share, impact of domestic and localized market
players, analyses opportunities in terms of emerging revenue pockets, changes in
market regulations, strategic market growth analysis, market size, category
market growths, application niches and dominance, product approvals, product
launches, geographic expansions, technological innovations in the market. To
gain more info on the feldspar market contact Data Bridge Market Research for
an Analyst Brief, our team will help you take an informed market decision to
achieve market growth.
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Furthermore, the growing levels of
investment for residential as well as commercial construction extend profitable
opportunities to the market players in the forecast period of 2022 to 2029.
Additionally, the rising awareness about the benefits of feldspar will further
expand the future growth of the feldspar market.
Browse over XX market data Figures spread
through188 Pages and an in-depth TOC on the "GlobalFeldspar Market."
Ceramic tiles are one of the most
important materials consumed in the construction industry. Therefore, the
expansion of the ceramic tile market depends on the increase in construction
spending worldwide. The construction sector is experiencing significant
expansion, mainly in APAC countries such as China, India, and Malaysia. China
spent roughly USD 1.9 trillion on construction (i.e. Buildings) in 2018. As a
result, as the construction industry grows, so does the demand for ceramic
tiles. Robust developments in the residential and commercial construction
sectors will accelerate the sales of feldspar. In addition, feldspar’s use as a
fluxing agent in manufacturing of glass products continues to bolster demand in
the global market. The dynamics of the glass and ceramics
industries have a significant impact on market growth. The product's unique
chemical ingredients, such as potassium oxide, sodium oxide, and alumina, play
an important role in promoting its use in the glass and ceramics industries.
The product is primarily utilized in glassmaking and ceramics filler
applications in its ground form ranging from 20 mesh to 200 mesh. Over the last
decade, China's demand for feldspar has increased significantly. The product's
alumina component provides exceptional corrosion resistance, while alkalis
provide heat resistance. The substance is widely utilized in glassmaking due to
its great characteristics.
Moreover, Mining cost, recycling of glass
and ceramics, and volatile logistics are some of the major restraints that are
likely to hamper the growth of the market. Moreover, stringent environmental
regulations on mining of feldspar are expected to hinder the growth of the
feldspar market. Nevertheless, changes in logistics and mining expenses could
hamper the feldspar industry throughout the estimated period.
Key market players in the Global Feldspar
Market are: -
- I-Minerals Inc.
- Quarzwerke GmbH
- Micronized South Africa Limited
- Imerys
- Eczacıbaşı Holding A.Ş.
- Adolf Gottfried Tonwerke GmbH
- LB MINERALS, Ltd.
- Sibelco
- QUARTZ Corp
- Sun Minerals
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“Among
regions, Asia Pacific held dominant position in the global feldspar market in
2022, accounting for largest market share in terms of volume, followed by
Europe and North America. The presence of strong glassmaking and ceramics
sector in the region is likely to influence the market growth of feldspar in
the Asia Pacific region. The region has observed steady economic growth owing
to the flourishing economies of China and India. Both countries are among the
largest markets for the construction and automotive sectors. This will provide
a stable platform for the development of the glassmaking industry, which, in
turn, is likely to push the growth of feldspar market space in the Asia Pacific
region. The European region is projected to emerge as the second-largest
regional market for feldspar. The region is a key producer of the product and
holds significant reserves of minerals across Italy and Turkey..” said Mr.
Karan Chechi, Research Director with TechSci Research, a research-based global
management consulting firm.
“Feldspar Market – Global Industry Size, Share, Trends, Opportunity, and Forecast Segmented
By Type (Plagioclase Feldspar, and K-Feldspar), By End-use (Glass, Ceramics,
Fillers, and Others), By Region, By Competition 2018-2028.,” has evaluated the future growth
potential of Global Feldspar Market and
provides statistics & information on market size, structure, and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Feldspar
Market.
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