Global Feldspar Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
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Global Feldspar Market Overview :
“The global Feldspar market size is expected to be worth around US$ 234.5 million by 2021 from US$ 141.2 million in 2031, growing at a CAGR of 5.19% during the forecast period 2021 to 2031.”
The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global feldspar market report has been segmented on the basis of type, application, and region.
Feldspar is a group of minerals present in earth's crust, and forms about 60% of terrestrial rocks. Feldspar is divided into four chemically district groups: potassium feldspar (KAlSi3O3), sodium feldspar (NaAlSi3O8), calcium feldspar (CaAlSi3O8), and barium feldspar (BaAl2Si3O8). Feldspars are mainly used in industrial applications for their alumina and alkali content. Feldspar is also used in manufacturing of glass for drinking, glass for protection, fiberglass, floor tiles, shower basins, and tableware. Feldspars are silicates of aluminum, which consist of sodium, potassium, iron, and calcium or barium.
Increasing use of feldspar in manufacturing of glass and ceramics across the globe is a key factor driving growth of the global feldspar market. In addition, high investment in residential and commercial infrastructures, growing demand of feldspar in automotive glass, and increasing use of feldspar as fillers in applications such as paints, plastics, and rubber are other factors expected to propel growth of the global feldspar market over the forecast period.
However, stringent environment regulation on extraction of feldspar is a major factor restraining growth of the global feldspar market. Additionally, increasing use of recycling process of glass is expected to limit use of feldspar. This is another factor expected to restrict growth of the global feldspar market over the forecast period.
The market in Europe is expected to account for highest share in terms of revenue and is expected to maintain its dominance over the forecast period. This dominance can be attributed to increasing demand of feldspar in the manufacturing of glass, paints, and coatings in countries in the region. The market in Asia Pacific is expected to register highest growth in the target market over the forecast period, owing to increasing investment in development of infrastructures in emerging economies such as China, Japan, India, etc. Also, the market in Middle East is expected to register moderate growth over the forecast period, owing to presence of feldspar mines in the region.
Global feldspar market segmentation:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Eczacibasi Holding A.S.
- I-Minerals Inc.
- Quarzwerke GmbH
- Imerys SA
- SCR-Sibelco N.V.
- The Quartz Corporation
- Asia Mineral Processing Co., Ltd.
- LB MINERALS, Ltd.
- Pacer Minerals
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