The Global Market for Feldspar is Projected to Reach 25.6 Million Metric Tons by 2022

Growth in the Construction Industry & Rising Demand for Glass & Ceramic Products Drive the Feldspar Market, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Feldspar market. The global market for Feldspar is projected to reach 25.6 million metric tons by 2022, driven primarily by the recovery in the construction industry and rising demand for glass and ceramic products.

Feldspar, being the most abundant minerals available on earth, is used as coating for welding rods, as extenders and fillers in paint industry, and most importantly as an indispensable raw material in glass & ceramics. Feldspar is a group of rock-forming crystalline minerals consisting of aluminum silicates of potassium, sodium, calcium or barium. Some types of feldspar also contain ammonia and strontium. Feldspar, generally associated with mica and quartz, may comprise garnet, kaolin, spodumene (lithium aluminosilicate) or iron bearing minerals. Use of alumina increases resistance to chemical corrosion and alkalis make the mineral heat resistant making feldspar very useful in ceramics, glass and coatings applications. Emerging application of feldspar include production of fiberglass, which primarily finds use in thermal insulation, and solar glass used in the production of solar cells. In addition, feldspar acts as a bonding agent in combination with magnesium oxide and magnesium chloride besides other synthetic glue used in manufacturing wheels, discs, abrasives and other shapes.

As feldspar alkane possesses higher amount of alkalis and minimum amount of iron, it acts as a perfect raw material in glass making industry. The global market for feldspar is largely driven by increasing demand for ceramic and glass industries, followed by growing usage in other industries such as paints and coatings as extenders and fillers, as well as for welding rods. Rising demand for potash fertilizers is another growth driving factor for the feldspar market. As growth in construction, automotive and paints & coatings industries have a direct impact on requirement for ceramics, glass and fillers used in these industries, demand for feldspar is expected to witness considerable increase owing to the fact that majority of the mineral finds use in production of these commodities. Sanitary-ware, white-ware, floor & wall tiles, as well as sheet & container glass are some of the examples wherein feldspar acts as indispensable mineral.

Feldspar is widely used in glass making owing to its fluxing properties, which help in controlling viscosity of glass resulting in minimizing quartz melting temperature. Further, growing use of glass in construction and automotive industries is expected to boost demand for feldspar in the upcoming years. Ceramics is one of the largest end-use segments of feldspar. The increasing demand for ceramics in commercial and residential buildings for various applications including wall and floor coverings, countertops and interiors among others, is set to benefit from the anticipated rise in commercial and residential real estate market. Feldspar possesses exceptional physical properties such as good dispersibilty, chemical inertness and stable pH, low free silica content and brightness of 89-95%, offering excellent benefits to fillers and extenders. In plastics industry, use of feldspar ensures resistance to staining, and their index to refraction is similar to other resins.

As stated by the new market research report on Feldspar, Europe represents the largest market worldwide. Consumption of feldspar in the glass industry, the largest end-use segment in Europe, is projected to grow the fastest in spite of increased use of recycled glass ‘cullet’ in the manufacture of glass. Asia-Pacific, forecast to emerge as the fastest growing market with a CAGR of 7.1% over the analysis period, is witnessing increased production and demand for feldspar supported by factors such as rise in new construction projects, rapid urbanization, and increasing disposable incomes.

Major players covered in the report include Adinath Industries, Asia Mineral Processing Co. Ltd., CVC Mining Company, Eczacibasi Esan, El Waha Mining & Fertilizers, Gimpex Ltd., Gottfried Feldspat GmbH, GP Minerals, Imerys Minerals Ltd., I – Minerals, Inc., Incusa Industrias Del Cuarzo, S.A, Kaltun Madencilik Sanayi ve Ticaret A.Ş, LB MINERALS, Mahavir Minerals Ltd., Manek Minerals, Matel Hammadde Sanayi ve Tic. A.Ô., Micronized Group, Minerali Industriali Srl, Pacer Corporation, Purin Mineral Group Company Ltd., The QUARTZ Corp., Sibelco Nordic AS, Sun Minerals, Unimin Corp., and United Group, among others.

The research report titled “Feldspar: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of global market trends, growth drivers, issues, and production trends. The report provides market estimates and projections for all major geographic markets including the US, Japan, Europe (France, Germany, Italy, Spain, Russia, Turkey, and Rest of Europe), China, Asia-Pacific (India, and Rest of Asia-Pacific), and Rest of World. End-use segments analyzed in the report include Glass, Ceramics, Fillers, and Others (includes use in chemicals, paints, rubber, and plastic industries).

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