This market research report includes a detailed segmentation of the global feldspar market by product types (plagioclase feldspar and alkali feldspar) and by application (glass industry, ceramics, and fillers). It outlines the market shares for key regions such as APAC, Europe, North America, and ROW. A comprehensive analysis of the leading vendors such as Imerys, Minerali Industriali, Sibelco, Sun Minerals and Quartz Corp is also included.
Technavio’s market research analysts estimate the global feldspar market to grow at a CAGR of around 4% between 2015 and 2019. Rise in the consumption of glass and ceramics is predominantly driving this market’s growth. Europe is the largest consumer of feldspar and occupy around 40% of the total market share. This region is witnessing increase in demand for basic construction commodities like glass, paints, coatings and other industrial machinery and tools such as abrasives. Most of these commodities are made out of feldspar, which in turn is expected to drive the growth of the market.
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“Rise in residential and commercial building constructions have increased the usage of ceramics. It has found increased applications in tableware, sanitary fittings, white ware, and soft porcelain. Feldspars are critical components in ceramic manufacture as they provide toughness and durability to ceramics. Growth in infrastructural activities has increased the use of ceramics, which will accelerate the revenue generation of the feldspar market during eth forecast period,” says Sriram Mohan, Lead Aalyst, Metals & Minerals, Technavio Reseach.
The glass industry is the largest consumer of feldspar and had a market share of around 53% during 2014. The fluxing property of feldspar is a requisite feature to control the viscosity of the glass and thereby reduce the melting temperature of quartz that goes into glass manufacturing. Increasing use of glass in the construction and automotive sectors is expected to boost the growth of feldspar market during the forecast period.
The leading vendors in the global feldspar market include Imerys, Minerali Industriali, Sibelco, Sun Minerals and Quartz Corp. The market has an oligopolistic market structure, and is dominated by a few leading mining companies who have established facilities and are technologically advanced. Most of the mining of feldspar takes place in Turkey, Italy, US and France.
A more detailed analysis is available in the Technavio report, Global Feldspar Market 2015-2019.
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