Global Feldspar Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

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.”

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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:                 

By Type:

• Plagioclase
• K-feldspar

By Application:

• Glass
• Ceramics
• Fillers
• Others

By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa