Global Feldspar Market – Industry Trends and Forecast to 2029

Global Feldspar Market, By Product (K-Feldspar, Plagioclase Feldspar), Marketing Channels (Online, Offline), Application (Glass, Ceramic, Construction, Decorative, Electrical) – Industry Trends and Forecast to 2029

Market Analysis and Size

Over the last few years, there has been immense growth in the chemical industry. Furthermore, the glass and ceramics industry dynamics significantly impact market growth. The product's unique chemical ingredients, such as potassium oxide, sodium oxide, and alumina, are crucial in promoting its use in the glass and ceramics industries. As a result, the market is estimated to gain traction over the forecasted period.

Global Feldspar Market was valued at USD 564.69 million in 2021 and is expected to reach USD 899.36 million by 2029, registering a CAGR of 5.99% during the forecast period of 2022 to2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.

Market Definition

Feldspars are a class of aluminum tectosilicate minerals that can form rocks and contain sodium, calcium, potassium, or barium. Plagioclase (sodium-calcium) feldspars and alkali (potassium-sodium) feldspars are the most common members of the feldspar group. Feldspars account for approximately 60% of the Earth's crust and 41% of the Earth's continental crust by weight. Feldspars form from magma as intrusive and extrusive igneous rocks, and they are also found in many types of metamorphic rocks. Anorthosite is a rock composed almost entirely of calcic plagioclase feldspar. Feldspars can also be found in a variety of sedimentary rocks.

Report Scope and Market Segmentation

Feldspar Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

• High Demand for Ceramic Tiles

Growing demand for ceramic tiles globally, rising use of feldspar in automotive glass, and a growing construction industry in developing economies are some of the factors that will likely boost the growth of the feldspar market during the forecast period.

The increasing awareness about the advantageous properties of feldspar such as superior properties of feldspar, such as resistance to heat, chemical inertness, and low melting point will further boost the growth rate of feldspar market. Moreover, the boosting automotive production and sales also accelerates market growth. Additionally, the addition of feldspar, which acts as a fluxing agent, lowers the melting temperature of quartz and aids in controlling glass viscosity, which are also projected to bolster the market's growth.

Opportunities

• Investments and Awareness

Furthermore, the growing levels of investment for residential as well as commercial construction extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, the rising awareness about the benefits of feldspar will further expand the future growth of the feldspar market.

Restraints/Challenges

• Recycling Process

The glass and ceramics can also be recycled after the single usage. The recycling procedure further requires lesser usage of feldspar for the production of glass and ceramics, which are anticipated to create hindrances for the growth of the feldspar market.

• Availability Of Alternatives

Minspar is an alternative of feldspar, which is made up of crystalline minerals that are mostly alkaline silicates. Minspar 200 is widely used in ceramics, both in clay and glaze formulation.

This feldspar market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the feldspar market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Feldspar Market

The recent outbreak of coronavirus had a negative impact on the feldspar market as it halted industrial operations throughout the country. The severe disruptions in various manufacturing, as well as the supply-chain operations due to the various precautionary lockdowns imposed by governments to curb the spread of disease, led to huge financial setback for the market. As a result, the key end-use sectors of the glass industry, such as construction and automotive, are expected to experience a downward trend. This is likely to limit feldspar market growth in the country in the short term.

However, despite a global pandemic, the country's industrial activities resumed in the second quarter of 2020 as the individual regulatory bodies began to relax these enforced lockdowns. The suspended and cancelled operations will continue and as a result the market is estimated to expand.

Global Feldspar Market Scope

The feldspar market is segmented on the basis of product, marketing channels and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product

• K-Feldspar
• Plagioclase Feldspar

Marketing Channels

• Online
• Offline

Application

• Glass
• Ceramic
• Construction
• Decorative
• Electrical

Feldspar Market Regional Analysis/Insights

The feldspar market is analyzed and market size insights and trends are provided by country, product, marketing channels and application as referenced above.

The countries covered in the feldspar market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the feldspar market because of the rising growth of the region's real estate and ceramic industries.

Asia-Pacific on the other hand, is estimated to show lucrative growth during the forecast period of 2022 to 2029 due to the rising demand of glass as well as ceramic material in India, China as well as in Indonesia within the region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Feldspar Market Share Analysis

The feldspar market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to feldspar market.

Some of the major players operating in the feldspar market are

• Esan (Turkey)
• Micronized Group (South Africa)
• Imerys (UK)
• Sibelco (Norway)
• The Quartz Corporation (France)
• MOHAWK CARPET, LLC (U.S.)
• SCG (Thailand)
• RAK Ceramics (UAE)
• Kajaria Ceramics Limited (India)
• Ceramica Carmelo Fior (Brazil)
• Pamesa Ceramica (Spain)
• Kohler Co. (U.S.)
• LIXIL Group Corporation (Japan)
• Villeroy & Boch (Germany)
• RAK Ceramics (UAE)
• Duravit AG (Germany)
• Duratex SA (Brazil)