Feldspar is a group of light-colored, hard, glassy minerals consisting of aluminum silicates of sodium, potassium, calcium, or barium constituents of igneous, metamorphic, and sedimentary rocks. According to BlueQuark Research & Consulting, the Global Feldspar market is expected to witness a significant growth rate during the forecasted period. Factors like the use of Feldspar as a raw material for manufacturing glass, owing to its role as a fluxing agent to reduce the melting point of Quartz, are projected to drive the Global Feldspar market in the forecasted period. Further, the use of Feldspar as fillers and extenders for paints, plastics, and rubber, since it has high chemical inertness, stable pH, and abrasion resistance, is estimated to drive the Global Feldspar market in the forecasted period. Furthermore, the use of Feldspar for its ability to impart strength, toughness, and durability, cement the crystalline phase of other ingredients and soften, melt and wet other batch components is expected to drive the Global Feldspar market in the forecasted period. However, the availability of recycled glass and ceramics and the imposition of strict regulations on the mining of Feldspar are estimated to hamper the growth of the Global Feldspar market in the forecasted period.
Feldspar is utilized for the enamel glazes as it aids in enhancing the final product and omitting all the errors while maintaining the aesthetic. Enamel glazes are helpful in the production of giftware, ceramic tiles, tableware, and sanitary ware.
The Glassmaking industry is the most prominent consumer of Feldspar and is projected to drive the global market. Feldspar acts as a critical raw material for glassmaking as it acts as a fluxing agent. The use of Feldspar is to reduce the overall melting point of a given mixture, reducing the general energy requirement needed to achieve a particular melt. Further, the consumption of Feldspar is continuously shifting towards the glassmaking industry from the ceramics industry, and globally, more than one-half of the Feldspar is consumed by the glass industry. Furthermore, with the escalating demand for glass for various applications, such as solar glass for producing solar panels, beverage containers, plate glass, and fiberglass insulation for housing, the industry is bound to rise. Increasing requirement for ceramic tiles, particularly in residential and commercial construction, is predicted to boost the growth of the ceramics industry over the forecasted period. Ceramic tiles are utilized for various purposes, including flooring and walls. They are a mixture of clay and other minerals, such as sand, Feldspar, and Quartz, which are hardened by heat. Thus, the development of the ceramics industry is directly related to the development of the global feldspar market space. According to the US Geological Survey, residential building activity in the United States increased by 17% in the first few months of 2021, in contrast to the same period in 2020. Feldspar is a raw material extensively used to make plate glass, ceramic tiles, sanitary ware, and insulation. Due to low mortgage interest rates, feldspar production and sales are predicted to rise through 2022.
The Asia-Pacific region is foreseen to be the world's largest Feldspar market, with the most consumption in countries like China and India. The volume of flat glass produced in China in 2019 was 926 million weight cases, and domestic consumption reached 895 million weight cases in the same year. In addition to this, extensive use of Feldspar for manufacturing glass used in the construction industry for windows, doors, interior partitions, railings, shop fronts, and railings for stairs and balconies, among other building parts, has boosted the demand. Further, with the introduction of vitrified and porcelain tiles and the establishment of plants in countries like Malaysia, Thailand, Indonesia, Sri Lanka, and Vietnam, the demand for Feldspar for ceramics is projected to bolster. Along with it, India has the second-largest paint industry in the region. The consumption of Feldspar as a filler for the sector is predicted to provide ample growth opportunities for the Feldspar market in the area. Increasing demand for ceramic tiles globally, the rising use of Feldspar in automotive glass, and the growing construction industry in developing economies will likely boost the growth of the feldspar market during the forecast period. The rising 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 the feldspar market. Moreover, increasing automotive production and sales also accelerate market growth. Additionally, Feldspar, which acts as a fluxing agent, lowers the melting temperature of Quartz and aids in controlling glass viscosity, which is also projected to bolster the market's growth. Moreover, in India, the boom in the housing sector and government policies are fuelling strong demand for Feldspar for construction and decorative purposes, which is estimated to drive the market. Factors like these have made Asia-Pacific an important region for the Feldspar market growth.
Some of the market's key players are Eczacibasi Esan, Micronized Group, Imerys Minerals, Sibelco Nordic, The Quartz Corp., LB Minerals, Ltd., and Quarzwerke GmbH, among others.
In January 2022, the Egyptian Minister of Petroleum, Tariq El-Molla, announced during the International Mining Conference in Saudi Arabia that the nation is planning to inaugurate some industrial cities in the Eastern Desert and Sinai to add value to the mineral resources, such as Feldspar.
In August 2019, Vancouver-based Hudson Resources made the first shipment of anorthosite from its White Mountain mine 80 km southeast of Sisimut.
Global Feldspar Market report provides deep insight into the market's current and future state across various regions. The study comprehensively analyses the Feldspar market by segmenting based on the Product Type (K-Feldspar, Plagioclase Feldspar), Application (Glassmaking, Ceramics, Fillers, Pottery, Others), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report examines the market drivers and restraints and the impact of Covid-19 on market growth in detail. The study covers and includes emerging market trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with prominent companies and profiles, including their market shares and projects.
Global Feldspar Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
North America Feldspar Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
United States Feldspar Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Canada Feldspar Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Mexico Feldspar Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Europe Feldspar Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Other Supporting Charts
United Kingdom Feldspar Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Germany Feldspar Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Italy Feldspar Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
France Feldspar Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Spain Feldspar Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Rest of Europe Feldspar Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
South America Feldspar Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Brazil Feldspar Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Argentina Feldspar Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Rest of South America Feldspar Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Asia-Pacific Feldspar Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
China Feldspar Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
India Feldspar Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Japan Feldspar Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
South Korea Feldspar Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
ASEAN Countries Feldspar Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Rest of Asia-Pacific Feldspar Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Middle East & Africa Feldspar Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Saudi Arabia Feldspar Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
South Africa Feldspar Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Rest of Middle-East & Africa Feldspar Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Glassmaking - Feldspar Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Ceramics - Feldspar Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Fillers - Feldspar Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Pottery - Feldspar Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Others - Feldspar Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027