The feldspar market is estimated to be USD 547.0 million in 2017 and is projected to reach USD 745.7 million by 2022, at a CAGR of 6.4%, in terms of value, between 2017 and 2022.
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The market is witnessing high growth because of the increasing use of feldspars in glass, ceramics, and as fillers.
Feldspars act as a fluxing agent and are majorly used during the manufacturing of glass and ceramics. They are used to impart a glazing effect in tableware and tiles.
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Some of the glass and ceramics are recycled, which limits the use of feldspars in glass and ceramics manufacturing. This, in turn, restrains the demand for feldspars to some extent.
Complete report on feldspar Market spread across 92 pages, profiling 20 companies and supported with 69 tables and 19 figures is now available at www.rnrmarketresearch.com/feldspar…rket-report.html
“K-feldspar is expected to be the fastest growing type segment”
By type, the K-feldspar segment is projected to grow at a higher rate than the plagioclase feldspar segment during the forecast period because of the increasing use of K-feldspars in the manufacturing of all types of glass. Both feldspar types are widely used in the ceramics and glass industries.
After clay, feldspar is the most important raw material used in ceramic manufacturing.
“Rising demand from the emerging markets of APAC to provide growth opportunities for market players”
APAC is projected be the fastest-growing market for feldspar during the forecast period. This growth can be attributed to the flourishing construction sector in China, India, and Malaysia.
China is estimated to be the fastest-growing market for feldspar in the APAC region during the forecast period. It is also one of the leading manufacturers of ceramics tiles which are used in several residential and commercial buildings.
The other countries in APAC, such as India and Malaysia, are also focused on developing their infrastructure, which will catalyze the demand for ceramics and glass during the forecast period. Increasing population, growing urbanization, and increasing investments in infrastructure projects are expected to drive the overall industrial growth in this region.
In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted.
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The breakdown of primary interviews is given below:
By Company Type: Tier 1 –58%, Tier 2 – 25%, and Tier 3–17%
By Designation: C level – 36%, D level – 36%, and Others – 28%
By Region: North America –9%, Europe –27%, APAC–37%, Middle East & Africa–9%, and South America– 18%
The key players in the feldspar market include Eczacibasi Esan (Turkey), Micronized Group (South Africa), Imerys Minerals (UK), Sibelco Nordic (Norway), and The Quartz Corp. (France). These companies focus on expanding their reach in the emerging markets of APAC and South America.
There are many domestic players in emerging markets.
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Scope of the Report:
This research report categorizes the feldspar market by type, end-use, and region.
Based on Type:
- Plagioclase feldspar
- Based on End-use:
Based on Region:
- North America
- Middle East & Africa
- South America
The market is further analyzed for the key countries in each of these regions.
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