Andalusite - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Andalusite Market is accounted for $153.22 million in 2018 and is expected to reach $332.79 million by 2027 growing at a CAGR of 9.0% during the forecast period. Growing consumption of steel in construction and automotive industries, and growing demand for lightweight vehicles such as lightweight trucks are likely to boost the growth of the Andalusite market. However, fluctuations of major currency such as Euro and Dollar, rising oil prices and availability of substitutes such as bauxite are likely to hamper the profit boundaries.
Andalusite is an aluminium nesosilicate mineral belonging to the sillimanite family and found in metamorphic rocks. It is a polymorph with two other minerals: kyanite and sillimanite and is named after Andalusia, a province in Spain. Since it is polymorph, it has similar chemical composition but different physical structure as compared to kyanite and sillimanite. Andalusite is commonly used for production of refractory materials and as a precursor for porcelain which is used in spark plugs and other products. Andalusite generally forms under low pressure and high temperature and converts to sillimanite or kyanite at different temperature-pressure regime. It comes in pink, green, yellow, violet and gray colors among others.
Based on application, the steel industries segment is likely to have a huge demand due to the rising trend of steel consumption and production that makes up the majority of demand for refractories and profitability of the refractories industry and is influenced by investment in steel production and steel plants.
By geography, Asia Pacific is going to have a lucrative growth during the forecast period owing to the rapid growth of refractory industry in emerging economies such as China and India. China is the main producer and user of refractories, mainly driven by the steel industry. Indonesia, Vietnam, Philippines, Russia and Turkey are some of the other key markets in this region.
Some of the key players in the Andalusite market are the Andalucita S.A, Andalusite Resources, Anglovaal Minerals S.A, Hooggenoeg Andalusite Pty, Imerys, and Shandong Wulian.
• Aluminum Industries
• Cement Industries
• Glass Industries
• Steel Industries
End Users Covered:
• Kiln Furniture
• Other End Users
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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