The Global report on “Feldspar Market” delivering key insights and providing a competitive advantage to clients through a detailed report. The report also details the information about the global market status, growth rate, future trends, market drivers, challenges, opportunities and porter’s forces analysis with respect to these elements. An exclusive data offered in this report is collected by research and industry experts team.
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“Increasing use of feldspar for ceramic manufacturing due to the growing residential and commercial infrastructure is a major driving factor for the feldspar market”
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. 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. 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.
“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.
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.
The market is segmented by type, end-use, and region. This report covers the feldspar market in terms of value and volume and forecasts its market size for 2022. The report also provides company profiles of market players and competitive strategies adopted by the key players in the global market.
Reasons to Buy the Report
The report will help the market leaders/new entrants in this market in the following ways:
- This report segments the feldspar market comprehensively and provides the closest approximations of the revenues for the overall market and the subsegments across different verticals and regions.
- It will help stakeholders understand the pulse of the market and provide them information on key market drivers and opportunities.
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