Feldspar Market Size, Competitive Landscape and Market Forecast - 2029

SKU: DMMM889 | Last Updated On: Jun 25 2022 | Available Formats

> Global Feldspar Market Expected to reach a high CAGR of 5.3% By 2029: DataM Intelligence

Global Feldspar Market is segmented By Type (Plagioclase Feldspar, K-Feldspar), By End-User (Glass Industry, Ceramics Industry, Fillers), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029

 

Market Overview

The Global "Feldspar Market" is expected to grow at a high CAGR of 5.3% during the forecasting period (2022-2029).

  • Feldspar is a group of rock minerals that distinguished by the presence of aluminum and silicate as the main mineral. Other than aluminum silicate, the other elements of feldspar include soda, potassium, or lime. Feldspars are vital components for building stones.

  • Also, the term feldspar encompasses a whole range of materials. Most of the products used on a daily basis are made with feldspars such as glass for protection, glass for drinking, fiberglass for insulation, floor tiles and shower basins in bathrooms, and tableware.

Market Dynamics

  • The increasing product demand by ceramic and glass industries in the emerging nations is anticipated to propel the market in the coming years.

  • In ceramic and glass production, feldspar is mostly used as a flux, to lower the melting temperature when added to the glass or ceramic products. These factors are expected to drive the feldspar market over the forecast timeline.

  • Further, the ongoing development and advancement in the construction industry in the United States, especially in residential and commercial sectors, is a key factor that is likely to drive the feldspar market in the coming years.

  • However, volatile logistics and mining costs might hamper the feldspar market over the estimated period.

Industry Size and Segmentation Analysis

  • The global feldspar market is segmented into glass, ceramics, fillers, and others. Glass industry dominates the market owing to its alumina content which provides workability, hardness, strength, and makes the glass more resistant to chemicals.

  • Also, Feldspar is used in the manufacture of glass products (70%), in ceramic and other products (30%), according to the survey conducted by the U.S. Geological Survey (USGS).

  • In the increasing application of feldspar in the glass, industry involves solar glass in the production of solar panels which propel the market growth in the coming years.

  • Further, Glass, including beverage containers, plate glass, and fiberglass insulation for housing and building construction, continued to be the leading end-use of feldspar in the United States.

Geographical Share

  • Geographically, the global feldspar market is segmented into North America, South America, Europe, Asia Pacific, and the Middle East, and Africa. North America dominates the market in terms of domestic production and its sales.

  • According to U.S. Geological Survey, in 2017 domestic production and sales of feldspar in the United States is increased by more than 10% and the average unit value of sales decreased by 3% from those of 2016.

  • Further, U.S. feldspar production in 2017 had an estimated value of USD 35.4 million. The three leading companies mined and processed about 75% of production; four other companies supplied the rest.

  • The Producing States in the United States were North Carolina, Virginia, California, Idaho, Oklahoma, and South Dakota, in descending order of estimated tonnage.

Global Feldspar Manufacturers

  • Major players present in the global feldspar market include I-Minerals Inc., The Quartz Corporation, LB MINERALS, Ltd., Imerys, Adolf Gottfried Tonwerke GmbH, Sun Minerals Inc., Sibelco, Micronized Group, Reade International Corp., and Micronized South Africa Limited.

Trending Topics

Thermal Ceramics Market

Advanced Ceramics Market

Automobile Ceramics Market

Did not find what you were looking for?Every 7 out of 10 customers request tailored reports. Get yours today!
We collate your requirements.
Our global research team is put into action.
We deliver, and make sure your endeavour is a success!

Buy This Report



Note*: For "Bundle/Bulk" Subscription of Reports,
please contact: [email protected]

Get your free sample proposal with a single click!

linkedinpinterest