Global Feldspathic Minerals Market - Segmented by Product Type, Application, and Geography - Growth, Trends, and Forecast (2018 - 2023)
The global feldspathic minerals market is expected to register a CAGR of around 3% during the forecast period, 2018 to 2023. Europe accounted for the largest market in 2017. Asia-Pacific is expected to register the fastest growth during the forecast period.
Extensive Use in the Growing Ceramics & Glass Market
Feldspars play an important role as fluxing agents in ceramics and glass applications. They are also used as functional fillers in the paint, plastic, rubber and adhesive industries. Feldspar is an important ingredient in the manufacture of glass to reduce viscosity of the glass, and the glass batch melting temperature, thereby reducing the production costs due to their alkali content. Feldspar is the second most important ingredient, after clay, in the manufacture of ceramics. It improves the strength, toughness, and durability of the ceramic body, and cements the crystalline phase of other ingredients. The global market for feldspathic minerals is largely driven by the increasing demand from the ceramic and glass industries. It was estimated, that the global market for flat glass is projected to reach 90 million metric ton by 2020, which, in turn, will increase the consumption of feldspathic minerals during the forecast period.
Ceramics Dominated the Market Growth
In the production of ceramics, feldspar is the second most important ingredient, after clay. Feldspars are used as fluxing agents, to form a glassy phase at low temperatures, and as a source of alkalis and alumina in glazes. They improve strength, durability, and toughness of the ceramic body and cement the crystalline phase of other ingredients. In ceramic, K-spar is preferred over Na-spar, since it forms a highly viscous melt even at very high temperatures, and thus, prevents distortion during firing. Ceramics was the second largest application of feldspar and is expected to register the highest CAGR during the forecast period, owing to the increased usage of various ceramics in aerospace & defense, electrical & electronics, medical, and automotive, amongst others.
Europe to Dominate the Market
Europe is the major consumer of feldspathic minerals and is also home to some of the largest producers of feldspar, globally. Turkey has been the largest producer of feldspar for a number of years. Italy is the second largest producer of feldspar minerals, after turkey, in the world. Other major producers in the region include France, Spain, and the Czech Republic, amongst others. In terms of consumption, Italy accounted for the major share of the region. The demand for feldspar minerals in different industries, such as ceramics, glass, paints, enamel, etc., is increasing in the country. The country is also one of the prominent exporters of feldspar and related minerals across the globe. The consumption of glass, ceramics, paints, etc., is increasing in various end-user industries, such as automotive, aerospace, construction, and electronics, among others, which have resulted in the increased consumption of feldspathic minerals, and this trend is expected to continue during the forecast period.
Major Players: Imerys Ceramics, Minerali Industriali S.r.l., Gottfried Feldspat GmbH, Kaltun Madencilik A.Ş., Eczacıbaşı Holding A.Ş., Global Investment Holdings, and Sibelco, amongst others.
Reasons to Purchase the Report
Analyzing how the extensive use in the growing glass & ceramic market will drive the market for feldspathic minerals
Analyzing various perspectives of the market with the help of Porter’s five forces analysis
The product type, and application that are expected to dominate the market
The region that is expected to witness fastest growth during the forecast period
Identify the latest developments, market shares, and strategies employed by the major market players
3-month analyst support, along with the Market Estimate sheet in excel
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