Feldspar Market
Feldspar Market Forecasts to 2028 - Global Analysis By Type (K-Feldspar and Plagioclase Feldspar), Application (Ceramics, Glassmaking, Fillers, Decoration, Construction and Electrical) and By Geography
|
Years Covered |
2020-2028 |
|
Estimated Year Value (2022) |
US $1.58 BN |
|
Projected Year Value (2028) |
US $2.11 BN |
|
CAGR (2022 - 2028) |
4.93% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
Europe |
According to Stratistics MRC, the Global Feldspar Market is accounted for $1.58 billion in 2022 and is expected to reach $2.11 billion by 2028 growing at a CAGR of 4.93% during the forecast period. Feldspars are a group of aluminum tectosilicate minerals that can turn into rocks and have barium, calcium, sodium, or potassium in them. The two most prevalent types of feldspar are alkali (potassium-sodium) and plagioclase (sodium-calcium). It is an essential mineral in igneous, metamorphic, and sedimentary rocks. Feldspar is one of the most abundant terrestrial rocks, which occurs in the form of crystals. It often possesses rare optical effects. Feldspars improve the toughness, durability, and strength of the glass and ceramic body.
Market Dynamics:
Driver:
Growing demand for ceramic tiles
Ceramic tiles are non-porous. They are made of naturally occurring materials. Ceramic tiles prevent growth of germs and moulds. They are water resistant and durable. They are very easy to clean and maintain and available in wide range of styles. It's resistant to moisture, stands up to stains and won't absorb bacteria or odours. They’re more affordable and one of the best eco-healthy flooring options. All these elements are fuelling the market’s growth.
Restraint:
Recycling of glass & ceramic
Glass and ceramics can also be recycled after a single use. The recycling process reduces the amount of feldspar needed to make glass and ceramics. Through convective self-mixing, feldspar antecrysts would be barely recycled to create mantled plagioclase. It needs high-quality concentrates produced by utilizing combined beneficiation to remove coloured minerals. The inadequate use of feldspar in the recycling process is hampering the market demand.
Opportunity:
Raising investment levels
Growing knowledge of feldspar's advantages led major companies to make large investments. Feldspar is one of the most abundant mineral families in the world. They often display uncommon visual effects. It has several uses, from drinking glasses to insulation, floor tiles, shower pans, and dinnerware. Growing levels of finance from the automotive and construction industries provide incredibly profitable market opportunities.
Threat:
Availability of alternatives
Feldspar is a kind of crystalline mineral made up primarily of alkaline silicates. Minspar is a substitute for feldspar. In the creation of glazes and clay for pottery, minspar 200 is frequently utilized. It exhibits excellent colour consistency and tint retention. Additionally, it offers resistance to burnishing and abrasion. The expansion of the feldspar market is being hampered by all these advantages of the alternatives.
Covid-19 Impact
The feldspar market suffered negatively due to corona virus pandemic, which shut down manufacturing across the nation. The market suffered a significant financial setback as a result of the severe interruptions in numerous production processes and supply-chain operations. As a result, a negative trend is anticipated in the important segments of the glass industry, including construction and automotive.
The ceramics segment is expected to be the largest during the forecast period
The ceramics segment is estimated to have a lucrative growth owing to easy accessibility. When temperatures are low, feldspars are utilized as fluxing agents to create a glassy phase. They increase the ceramic body's strength, hardness, and durability. It is among the top eco-friendly flooring solutions and is more reasonably priced. The segment's expansion is driven by features including its hardness and resistance to chemical corrosion.
The glassmaking segment is expected to have the highest CAGR during the forecast period
The glassmaking segment is anticipated to witness the fastest CAGR growth during the forecast period. Feldspar is a crucial component in the production of glass as well as an essential raw material because of its functions as a fluxing agent, lowering the melting temperature of quartz and assisting in the regulation of glass' viscosity. It offers a source of alumina to help fiberglass and other glass-making applications achieve greater chemical and physical robustness.
Region with largest share:
Asia Pacific is projected to hold the largest market share during the forecast period owing to the rising demand of glass and ceramic materials. It has the presence of strong glassmaking and ceramics industries. Due to China's and India's expanding economic growth, the area has experienced consistent economic development. Both countries are among the largest markets for the construction and automotive sectors. These nation's economies have developed markets and strong foundations that provide the market profitable opportunities.
Region with highest CAGR:
Europe is projected to have the highest CAGR over the forecast period. It is 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. This region has huge requirement of raw materials due to growing production and consumption of feldspar in Spain, Poland and western parts of Russia.
Key players in the market
Some of the key players profiled in the Feldspar Market include Adolf Gottfried TonwerkeGMbH, LB Minerals, Quarzwerke GmbH, U.S. Silica Company, I-Minerals Inc, SP Minerals, Feldspar Corp, El Waha Mining And Fertilizers, Imerys S.A, Eczacibasi Esan, Granite Rock Company, Sun Minerals, Mahavir Minerals, SCR-Sibelco NV and Pacer Corporation.
Key Developments:
In November 2022, -WBI, an invest-tech and fintech company, and Pacer a 9-time award winning exchange traded fund provider, announced a strategic partnership to transform how financial advisors interact with clients to personalize and implement model portfolios.
In June 2022, U.S. Silica Holdings, Inc a diversified industrial minerals company and the leading last-mile logistics provider to the oil and gas industry, announced that its Board of Directors has concluded its previously announced review of strategic alternatives for its Industrial & Specialty Products ("ISP") segment.
Types Covered:
• K-Feldspar
• Plagioclase Feldspar
Applications Covered:
• Ceramics
• Glassmaking
• Fillers
• Decoration
• Construction
• Electrical
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Feldspar Market, By Type
5.1 Introduction
5.2 K-Feldspar
5.3 Plagioclase Feldspar
6 Global Feldspar Market, By Application
6.1 Introduction
6.2 Ceramics
6.3 Glassmaking
6.4 Fillers
6.5 Decoration
6.6 Construction
6.7 Electrical
7 Global Feldspar Market, By Geography
7.1 Introduction
7.2 North America
7.2.1 US
7.2.2 Canada
7.2.3 Mexico
7.3 Europe
7.3.1 Germany
7.3.2 UK
7.3.3 Italy
7.3.4 France
7.3.5 Spain
7.3.6 Rest of Europe
7.4 Asia Pacific
7.4.1 Japan
7.4.2 China
7.4.3 India
7.4.4 Australia
7.4.5 New Zealand
7.4.6 South Korea
7.4.7 Rest of Asia Pacific
7.5 South America
7.5.1 Argentina
7.5.2 Brazil
7.5.3 Chile
7.5.4 Rest of South America
7.6 Middle East & Africa
7.6.1 Saudi Arabia
7.6.2 UAE
7.6.3 Qatar
7.6.4 South Africa
7.6.5 Rest of Middle East & Africa
8 Key Developments
8.1 Agreements, Partnerships, Collaborations and Joint Ventures
8.2 Acquisitions & Mergers
8.3 New Product Launch
8.4 Expansions
8.5 Other Key Strategies
9 Company Profiling
9.1 Adolf Gottfried TonwerkeGMbH
9.2 LB Minerals
9.3 Quarzwerke GmbH
9.4 U.S. Silica Company
9.5 I-Minerals Inc
9.6 SP Minerals
9.7 Feldspar Corp
9.8 El Waha Mining And Fertilizers
9.9 Imerys S.A
9.10 Eczacibasi Esan
9.11 Granite Rock Company
9.12 Sun Minerals
9.13 Mahavir Minerals
9.14 SCR-Sibelco NV
9.15 Pacer Corporation
List of Tables
1 Global Feldspar Market Outlook, By Region (2020-2028) ($MN)
2 Global Feldspar Market Outlook, By Type (2020-2028) ($MN)
3 Global Feldspar Market Outlook, By K-Feldspar (2020-2028) ($MN)
4 Global Feldspar Market Outlook, By Plagioclase Feldspar (2020-2028) ($MN)
5 Global Feldspar Market Outlook, By Application (2020-2028) ($MN)
6 Global Feldspar Market Outlook, By Ceramics (2020-2028) ($MN)
7 Global Feldspar Market Outlook, By Glassmaking (2020-2028) ($MN)
8 Global Feldspar Market Outlook, By Fillers (2020-2028) ($MN)
9 Global Feldspar Market Outlook, By Decoration (2020-2028) ($MN)
10 Global Feldspar Market Outlook, By Construction (2020-2028) ($MN)
11 Global Feldspar Market Outlook, By Electrical (2020-2028) ($MN)
12 North America Feldspar Market Outlook, By Country (2020-2028) ($MN)
13 North America Feldspar Market Outlook, By Type (2020-2028) ($MN)
14 North America Feldspar Market Outlook, By K-Feldspar (2020-2028) ($MN)
15 North America Feldspar Market Outlook, By Plagioclase Feldspar (2020-2028) ($MN)
16 North America Feldspar Market Outlook, By Application (2020-2028) ($MN)
17 North America Feldspar Market Outlook, By Ceramics (2020-2028) ($MN)
18 North America Feldspar Market Outlook, By Glassmaking (2020-2028) ($MN)
19 North America Feldspar Market Outlook, By Fillers (2020-2028) ($MN)
20 North America Feldspar Market Outlook, By Decoration (2020-2028) ($MN)
21 North America Feldspar Market Outlook, By Construction (2020-2028) ($MN)
22 North America Feldspar Market Outlook, By Electrical (2020-2028) ($MN)
23 Europe Feldspar Market Outlook, By Country (2020-2028) ($MN)
24 Europe Feldspar Market Outlook, By Type (2020-2028) ($MN)
25 Europe Feldspar Market Outlook, By K-Feldspar (2020-2028) ($MN)
26 Europe Feldspar Market Outlook, By Plagioclase Feldspar (2020-2028) ($MN)
27 Europe Feldspar Market Outlook, By Application (2020-2028) ($MN)
28 Europe Feldspar Market Outlook, By Ceramics (2020-2028) ($MN)
29 Europe Feldspar Market Outlook, By Glassmaking (2020-2028) ($MN)
30 Europe Feldspar Market Outlook, By Fillers (2020-2028) ($MN)
31 Europe Feldspar Market Outlook, By Decoration (2020-2028) ($MN)
32 Europe Feldspar Market Outlook, By Construction (2020-2028) ($MN)
33 Europe Feldspar Market Outlook, By Electrical (2020-2028) ($MN)
34 Asia Pacific Feldspar Market Outlook, By Country (2020-2028) ($MN)
35 Asia Pacific Feldspar Market Outlook, By Type (2020-2028) ($MN)
36 Asia Pacific Feldspar Market Outlook, By K-Feldspar (2020-2028) ($MN)
37 Asia Pacific Feldspar Market Outlook, By Plagioclase Feldspar (2020-2028) ($MN)
38 Asia Pacific Feldspar Market Outlook, By Application (2020-2028) ($MN)
39 Asia Pacific Feldspar Market Outlook, By Ceramics (2020-2028) ($MN)
40 Asia Pacific Feldspar Market Outlook, By Glassmaking (2020-2028) ($MN)
41 Asia Pacific Feldspar Market Outlook, By Fillers (2020-2028) ($MN)
42 Asia Pacific Feldspar Market Outlook, By Decoration (2020-2028) ($MN)
43 Asia Pacific Feldspar Market Outlook, By Construction (2020-2028) ($MN)
44 Asia Pacific Feldspar Market Outlook, By Electrical (2020-2028) ($MN)
45 South America Feldspar Market Outlook, By Country (2020-2028) ($MN)
46 South America Feldspar Market Outlook, By Type (2020-2028) ($MN)
47 South America Feldspar Market Outlook, By K-Feldspar (2020-2028) ($MN)
48 South America Feldspar Market Outlook, By Plagioclase Feldspar (2020-2028) ($MN)
49 South America Feldspar Market Outlook, By Application (2020-2028) ($MN)
50 South America Feldspar Market Outlook, By Ceramics (2020-2028) ($MN)
51 South America Feldspar Market Outlook, By Glassmaking (2020-2028) ($MN)
52 South America Feldspar Market Outlook, By Fillers (2020-2028) ($MN)
53 South America Feldspar Market Outlook, By Decoration (2020-2028) ($MN)
54 South America Feldspar Market Outlook, By Construction (2020-2028) ($MN)
55 South America Feldspar Market Outlook, By Electrical (2020-2028) ($MN)
56 Middle East & Africa Feldspar Market Outlook, By Country (2020-2028) ($MN)
57 Middle East & Africa Feldspar Market Outlook, By Type (2020-2028) ($MN)
58 Middle East & Africa Feldspar Market Outlook, By K-Feldspar (2020-2028) ($MN)
59 Middle East & Africa Feldspar Market Outlook, By Plagioclase Feldspar (2020-2028) ($MN)
60 Middle East & Africa Feldspar Market Outlook, By Application (2020-2028) ($MN)
61 Middle East & Africa Feldspar Market Outlook, By Ceramics (2020-2028) ($MN)
62 Middle East & Africa Feldspar Market Outlook, By Glassmaking (2020-2028) ($MN)
63 Middle East & Africa Feldspar Market Outlook, By Fillers (2020-2028) ($MN)
64 Middle East & Africa Feldspar Market Outlook, By Decoration (2020-2028) ($MN)
65 Middle East & Africa Feldspar Market Outlook, By Construction (2020-2028) ($MN)
66 Middle East & Africa Feldspar Market Outlook, By Electrical (2020-2028) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
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