Feldspar Market

[92 Pages Report] The global feldspar market was valued at USD 517.0 million in 2016 and is projected to reach USD 745.7 million by 2022, at a CAGR of 6.4%, in terms of value, during the forecast period. Feldspar is widely used in glass and ceramic manufacturing, with the glass industry being the major end user. The superior properties of feldspar, such as resistance to heat, chemical inertness, and low melting point, have contributed to the growth of the feldspars market. The base year considered for the study is 2016 and the forecast period is from 2017 to 2022.

Market Dynamics

Drivers

• Increasing demand for ceramic tiles
• Increasing use of feldspar in automotive glass

Restraints

• Recycling of glass and ceramics

Opportunities

• Rising investment in commercial and residential construction

Increasing demand for ceramic tiles

Ceramic tile is one of the most important materials consumed in the construction industry. Therefore, the growth of the ceramic tiles market is dependent on the rising construction expenditure, globally. The construction sector is significantly growing, mainly in APAC countries, such as China, India, and Malaysia. In 2015, China’s construction spending was approximately USD 1.7 trillion. Therefore, the demand for ceramic tiles is increasing with the growth in the construction sector. According to the ceramic industry report, as of 2013, China was the world’s largest tiles producer, consumer, and exporter. Its output was about 5.7 billion square meters which is 47.8% of the world production of ceramic tiles. Brazil and India are also the largest manufacturers of ceramic tiles. The feldspar market is expected to grow in these countries as well. Feldspar, kaolin, bentonite, and silica sand are the major raw materials used in manufacturing ceramic tiles.

Objectives of the Study

• To estimate and forecast the size of the feldspars market, in terms of value and volume
• To provide detailed information regarding the key factors (drivers, restraints, challenges, and opportunities) influencing the growth of the market
• To define, describe, and forecast the market on the basis of type and end-use
• To forecast the market size with respect to five main regions, namely, North America, Europe, Asia Pacific (APAC), the Middle East & Africa, and South America
• To analyze competitive developments, such as acquisitions, new product launches, expansions, collaborations, and investments in the market
• To analyze market opportunities for stakeholders and provide a competitive landscape for market leaders
• To strategically profile the key players and comprehensively analyze their market share and core competencies1

Note 1: Core competencies of the companies are captured in terms of key developments and key strategies adopted by them to maintain their position in the market.

Both the top-down and bottom-up approaches have been used to estimate and validate the size of the global feldspar market and to estimate the size of various other dependent submarkets. This study involved the use of extensive secondary sources, directories, and databases, such as Hoovers, Bloomberg, Chemical Weekly, Factiva, Commonwealth Scientific and Industrial Research Organization (CSIRO), Securities and Exchange Commission (SEC), American National Standards Institute (ANSI), Organization for Economic Co-operation and Development (OECD), and other sources, to identify and collect information useful for the technical, market-oriented, and commercial study of the feldspar market.

To know about the assumptions considered for the study, download the pdf brochure

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.

Key Target Audience:

• Feldspar Extractors
• Feldspar Traders, Distributors, and Suppliers
• Mineral Suppliers
• Government and Research Organizations
• Regulatory Bodies
• Associations and Industry Bodies

This study answers several questions for the stakeholders, primarily which market segments they should focus upon during the next two to five years to prioritize their efforts and investments.

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Scope of the Report

:

This research report categorizes the feldspar market by type, end-use, and region.

Based on Type:

• Plagioclase feldspar
• K-feldspar

Based on End-use:

• Glass
• Ceramics
• Fillers
• Others

Based on Region:

• North America
• Europe
• APAC
• Middle East & Africa
• South America
• The market is further analyzed for the key countries in each of these regions.

Critical questions which the report answers

• What is the market size for Feldspar in different application across developing nations?
• Which are the key players in the market and how intense is the competition?

Available Customizations:

• With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Regional Analysis:

• Regional and country-level analysis of the feldspar market, by end-use.

Company Information:

• Detailed analysis and profiles of additional market players.

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 use of feldspar as a fluxing agent in glass and ceramic manufacturing industries is expected to drive the feldspars market during the forecast period.

The feldspar market has been segmented based on type into plagioclase feldspar and K-feldspar. These two types are categorized based on the inorganic minerals present in them. Sodium and potassium are the main minerals differentiating the two types. The plagioclase feldspar segment is expected to dominate the feldspars market during the forecast period due to its abundant presence as well as low cost, which will help catalyze its demand from glass and ceramic manufacturers.

Feldspar is one of the most important materials used in the manufacturing of various types of glass. The use of feldspar, which acts as a fluxing agent, reduces the melting temperature of quartz and helps in controlling the viscosity of glass. Based on end-use, the glass segment is projected to dominate the feldspar market during the forecast period. However, the ceramics segment is expected to witness the highest growth rate during the forecast period due to the increased production of ceramic floor tiles on account of the growing construction of several residential and commercial buildings.

APAC is estimated to be the fastest-growing market for feldspar during the forecast period due to rising demand for feldspars from the region’s glass and ceramics industries. China is the largest and the fastest-growing feldspar market in this region. India, Thailand, South Korea, and Malaysia are the other key feldspars markets in APAC. Increasing population, growing urbanization, and rising investments in infrastructure projects are expected to drive the region’s overall industrial growth, thereby increasing the demand for feldspars. The “Make in India” initiative of the Indian government will also catalyze the demand for feldspar from local glass and ceramic manufacturing industries.

Feldspar is majorly used as a fluxing agent during the manufacturing of glass and ceramics from quartz. However, the recycling of glass and ceramics has limited the growth of the feldspar market.

Feldspar is an essential mineral in igneous, metamorphic, and sedimentary rocks. The classification of a number of rocks is based upon the presence of feldspar. Feldspar is one of the most abundant terrestrial rocks, which occurs in the form of crystals. It is widely used in many everyday life products such as drinking glass, protection glass, fiberglass, floor tiles, shower, basins, and tableware.

Glass

Feldspar is one of the most important elements used in manufacturing various types of glass. It is an important raw material because it acts as a fluxing agent. The use of feldspar reduces the melting temperature of quartz and helps in controlling the viscosity of glass. The alkali component in feldspar acts as a fluxing agent, which, in turn, lowers the temperature of the glass, thus making it a great melting agent.

Ceramics

In the ceramic industry, feldspar and clay are the most widely used raw materials. Feldspar tends to have varying melting points, and thus it melts at different temperature levels. This helps in modulations and modifications of ceramic products during the manufacturing of ceramic products such as tiles, sanitary ware, and tableware. Feldspar improves the physical appearance, strength, toughness, and durability of the ceramic product. This makes it one of the most widely used raw materials, especially in sanitary ware and tile making.

Fillers

Feldspar is also being used as fillers, mainly in the paint, plastic, and rubber applications. This is due to the properties such as good dispersibility, chemical inertness, stable pH, resistance to abrasion and frosting, and low viscosity. The feldspar used as fillers is fine-milled and processed. Plagioclase feldspar, mainly white feldspar is used as fillers. Fillers are used for glazing effect in paints, coatings, plastics, and other materials.

Some of 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 increasing the mining of feldspars and their export to other countries where their demand in glass and ceramics manufacturing is high due to the rising construction activities. These companies also have existing supply contracts with glass and ceramics manufacturers.