Press release
Global Feldspar Market 2019 – Emerging Growth, Competitive Intelligence and Tracking Report Forecasts to 2025
Global Feldspar Market valued approximately USD 546.8 million in 2017 and is anticipated to grow with a healthy growth rate of more than 6.4 % over the forecast period 2018-2025.
The key trend for the feldspar market is growing focus on renewable energy, mainly solar energy that would increase the consumption of feldspar in the production of solar glass which is used in solar cells. Feldspar’s chemical constituents include alkalis such as potassium oxide, sodium oxide along with some trace elements such as iron oxide and alumina. Presence of alkalis offer heat resistance while, alumina offers increased resistance to chemical corrosion. Also, feldspar find its industrial application viz., as raw material in glass & ceramics, a coating for welding rods, and also used as a fillers and extenders in paint industry. Moreover, growing use of feldspar in various end-user industries is expected to create lucrative growth opportunities for the feldspar market during the forecast period.
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Rise of the market is backed owing to the increasing use of feldspar in automotive glass and rising commercial and residential real estate investments. Government is enthusiastically involved in various investments and activities for promoting construction and to build infrastructure. According to the IBEF (India Brand Equity Foundation), India has received foreign direct investment of around $24.7 billion from April 2000 till 2017 with an aim to carry infrastructure and construction development projects in India. Similarly, according to the National Bureau of Statistics (NBS) in 2016, investment in real estate development grew approx. 6.9 % year on year in China.
Additionally, as per the Fraser Institute Organization in March 2017, the federal government and several provincial governments collectively plans to spend approx. $ 180 billion on infrastructure in Canada. These funds are allocated particularly for Alberta and Ontario. Also, the Department of Finance (Canada) estimates that, the government of Ontario is planning to spend around $160 billion on infrastructure over 12 years and Alberta government is also planning to spend $39 billion on infrastructure which includes social housing and to enhance commercial infrastructure over 5 years starting in 2017. Hence, rising investments in commercial and residential real estate is expected to boost the demand for feldspar considering its industrial application viz., as a raw material in glass & ceramics, coating for welding rods and as extenders and fillers in paint industry thereby supplementing the growth of the feldspar market across the globe during the forecast period. However, recycling of glass and ceramics is expected to hinder the growth of the market during the forecast period.
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The leading market players include -
• Eczacibasi Esan
• Micronized Group
• Imerys Minerals
• Sibelco Nordic
• The Quartz Corp.
• Asia Mineral Processing
• EL Waha Mining & Fertilizers
• EP Minerals, Inc.
• Gimpex
• I-Minerals
On the basis of segmentation, the feldspar market is segmented into type,Regions and end-user
By Type:
• K-Feldspar
• Plagioclase Feldspar
By End-user:
• Glass
• Fillers
• Ceramics
• Others
By Regions:
• North America,
• Europe,
• Asia Pacific,
• Latin America
• and ROW
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