Overview and Scope
Feldspar is the process of mining feldspar from pegmatite or feldspathic sand deposits. Aplite, which is a fine-grained igneous rock with the same mineralogical composition as granite, also is mined frequently for its feldspar content.
Sizing and Forecast
The feldspar market size has grown rapidly in recent years. It will grow from $4.96 billion in 2023 to $5.59 billion in 2024 at a compound annual growth rate (CAGR) of 12.6%. The growth in the historic period can be attributed to increasing demand for ceramic tiles, increasing demand for electronic products and growth in glass manufacturing. factors that negatively affected growth in the historic period were the covid-19 impact, fluctuating raw material prices and geopolitical tensions.
The feldspar market size is expected to see rapid growth in the next few years. It will grow to $8.46 billion in 2028 at a compound annual growth rate (CAGR) of 10.9%. The growth in the forecast period can be attributed to rapid increasing demand for automotive vehicles, the growing construction sector and rapid urbanization. Major trends in the forecast period include innovative programs for the development of feldspar, using mining vibration screen technology, using 3d mine visualizers adopting hpy sorting technology and development of renewable feldspar.
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Segmentation & Regional Insights
The feldspar market covered in this report is segmented –
1) By Type: Plagioclase, Potassium
2) By Mining Type: Underground, Surface Mining
Western Europe was the largest region in the feldspar market in 2023. The regions covered in the feldspar market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
Increasing demand for automotive vehicles is expected to propel the growth of the feldspar mining market going forward. The automotive industry is the production and sales of vehicles. Feldspar is used for automotive glass manufacturing which is crucial in the automotive industry, as a result, the demand for Feldspar increases with the demand for the automotive industry. For example, in 2021, according to the European Automobile Manufacturers Association, Belgium-based European Union, in the first three-quarters of 2021, car registrations across the EU climbed 6.6% and are expected to reach 7.5 million units in the coming years. Therefore, increasing demand for automotive vehicles is driving the feldspar mining market.
Key Industry Players
Major companies operating in the feldspar market report are Imerys S.A., Sibelco, Eczacıbaşı Group, Quarzwerke GmbH, The Quartz Corporation, Gimpex Ltd., Minerali Industriali, Kaltun Madencilik Sanayi ve Ticaret, LB MINERALS, Ltd., Mahaveir minerals, Hindalco Industries, Vedanta Ltd, Sun Minerals, Ceraclique, Global Minechem Corporation, Zijin Mining Group Company Limited, CMOC Group Ltd, Komatsu, Glencore, Polymetal International PLC, Amur Minerals Corporation, Jastrzębska Spółka Węglowa, KGHM, CupruMin, SGS mining and minerals, Esan, Micronized Group, RAK Ceramics, Kajaria Ceramics Limited, Ceramica Carmelo For, Pamesa Ceramica, Kohler Co., LIXIL Group Corporation, Villeroy & Boch, Duravit AG, Duratex SA, Wasit Group, Ma’aden, Syrah Resources Saudi Arabia LLC, Durer Refrakter Malzemeleri Sanayi Ve Ticaret A.S., MARMARA METAL MAMULL.TIC.A.S., United Mining Investments Co., Sisecam Group, Kaolin Industrial Minerals San
The feldspar market report table of contents includes:
1. Executive Summary
2. Feldspar Market Characteristics
3. Feldspar Market Trends And Strategies
4. Feldspar Market – Macro Economic Scenario
5. Global Feldspar Market Size and Growth
……………
32. Global Feldspar Market Competitive Benchmarking
33. Global Feldspar Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Feldspar Market
35. Feldspar Market Future Outlook and Potential Analysis
36. Appendix
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