Andalusite Market Expected to Reach USD 391.85 Million by 2030 with a 7.3% CAGR Growth

Anticipated Growth in Revenue:

Andalusite Market size was valued at US$ 239.28 Mn. in 2023 and the total revenue is expected to grow at 7.3% through 2024 to 2030, reaching nearly US$ 391.85 Mn. by 2030.

Andalusite Market Overview:

Andalusite is an aluminium nesosilicate mineral that belongs to the sillimanite family and is found in transformational rocks. It is a polymorph of two minerals, kyanite and sillimanite, and is called after the Andalusia region in Spain. Because of its polymorphism, it has a similar synthetic component but a different real design than kyanite and sillimanite. Andalusite is frequently used in the manufacture of resistant materials as a precursor to porcelain, which is used in the manufacture of sparkle plugs and other goods. Andalusite structures at low tension and high temperatures, then converts to sillimanite or kyanite at different temperatures and tensions. It comes in a variety of colours, including pink, green, yellow, violet, and black.

𝐔𝐧𝐥𝐨𝐜𝐤 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬: 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐨𝐟 𝐎𝐮𝐫 𝐋𝐚𝐭𝐞𝐬𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰:https://www.stellarmr.com/report/Andalusite-Market/1135

What are Andalusite Market Dynamics?

Growing demand for steel and other metals - The use of refractories is expected to rise as demand for steel rises in various end-use sectors such as construction. The construction industry's expansion, owing to rising population and rapid urbanisation, is expected to boost global steel demand, which would boost refractory output over the forecast period. The growing demand for cast metal goods from the automotive industry is likely to boost the foundry industry's growth, propelling the market because it is a key component in foundry sand. Global casting production climbed by approximately 5.3 percent from 2017 to 2018, according to the Foundry Informatics Centre, which is expected to boost demand for andalusite in the future years.

High demand for Refractories - Andalusite is an alumino-silicate raw material frequently used in refractory lining manufacture. At high temperatures, refractory material should be really and synthetically stable, immune to thermal shocks. Andalusite is suitable for refractory applications because of its low porosity, consistent volume, high virtue, and high thermal shock resistance. As a result, andalusite refractories can be used successfully in harsh environments. Andalusite forms under low tension and high temperature for the most part, then transitions to sillimanite or kyanite under a variety of temperature-pressure conditions. The market is being driven by the increasing usage of andalusite in refractories, as evidenced by end-use industries such as metallurgy. Refractories are also used in the development of steel applications in the automotive industry. For the fabrication of fired and unfired refractories, andalusite-based products are particularly popular in Europe and the Asia-Pacific area.

𝐍𝐞𝐞𝐝 𝐌𝐨𝐫𝐞 𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧? 𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐀𝐛𝐨𝐮𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 + 𝐆𝐫𝐚𝐩𝐡𝐬 𝐇𝐞𝐫𝐞:https://www.stellarmr.com/report/Andalusite-Market/1135

What is Andalusite Market Regional Insight?

Europe leads the Andalusite Market with the market share of 67.3% in 2023 owing to the expansion of the construction industry, where refractories are utilised in the manufacture of cement The European Commission stated in October 2018 that it would invest USD 773 million in 49 critical transportation infrastructure projects in the region. This is predicted to increase demand for refractories, which will, in turn, boost market growth over the next several years. Asia Pacific has the market share of 21% in 2023 as a result of increased refractory production Steel demand in the region is expected to increase in the future years, boosting market growth. The foundry industry is another source of andalusite demand in the country. North America has the market share of 5.7% in 2023. The expanding steel and foundry sectors are driving the market. The demand for metal casting in the region is expected to rise due to positive developments in the production of lightweight automobiles in Mexico and strong investments by original equipment manufacturers (OEMs) in the United States. South America and Middle East & Africa, both has the market share of 3% in 2023. South Africa is the major producer and exporter of andalusite in the Middle East and Africa, producing 200,000 tonnes in 2020, according to the USGS. Increased steel production in the Middle East and Africa is driving up demand for refractories, which in turn is driving up demand for andalusite.

What is Andalusite Market Segmentation?

By Application

Refractory
Foundry
Kiln Furniture

𝐅𝐑𝐄𝐄 𝐆𝐞𝐭 𝐚 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰! https://www.stellarmr.com/report/req_sample/Andalusite-Market/1135

Some of the current players in the Andalusite Market are:
Andalucita S.A
Andalusite Resources
Anglovaal Minerals S.A.
Damrec/Imerys
Hooggenoeg Andalusite Pty
Imerys S.A
Picobello Andalucita
Rhino Minerals Pty Ltd (IMERYS
Samrec (PTY) Ltd
Shandong Wulia

Key Offerings:

Past Market Size and Competitive Landscape
Andalusite Market Size, Share, Size & Forecast by different segment
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Andalusite Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations

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