In a recently published report, Global Feldspar Market report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Global Feldspar Market products.
Get a Sample Copy of this Report with Graphs and Charts: https://www.kennethresearch.com/sample-request-10076466
It is also anticipated to grow on account of the growing demand for chemicals from the end users, backed by the increasing consumption of chemicals across different industries and the rising need for advanced chemicals. In India, the production of major chemicals and petrochemicals during the period 2020-2021 was close to 12000 thousand MT. Additionally, between the period 2015-16 and 2019-20, the production of the chemicals and petrochemicals in the nation grew at a CAGR of close to 6%.
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.
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.
On the basis of segmentation, the feldspar market is segmented into type and end-user. The type segment of global feldspar market is classified into K-Feldspar and plagioclase Feldspar of which plagioclase feldspar segment is anticipated to dominate the Feldspar market during the forecast period owing to the growing demand for flat glass is likely to increase the demand for plagioclase feldspars as the primary end-usage of plgagioclase feldspars is in flat glass manufacturing. On the basis of end-user segment, the market is classified into ceramics, glass, fillers and others of which glass segment is estimated to hold the largest share of the market due to increasing demand for flat and hallow glass from emerging market such as India and China and growing automotive and construction sectors would likely to rise the demand for high-quality glass hence boosting the demand feldspar.
The regional analysis of Feldspar Market is considered for the key regions such as North America, Europe, Asia Pacific, Latin America and ROW. Europe dominates the feldspar market owing to the rising investments and increasing demand for basic construction commodities like coatings, paints and other industrial machinery and tools such as abrasives have also positively influenced the growth of the regional market. Whereas, Asia Pacific is anticipated to emerge as the fastest growing market region during the forecast period 2018-2025 owing to growing urbanization, rising population and rising investments in infrastructure projects as a result of this the demand for feldspar would rise. Additionally, China is the leading and fastest-growing region in Asia-Pacific region. However, India, South Korea, Thailand and Malaysia are considered as lucrative countries in Asia-Pacific owing to the growing architectural investements along with the growing urbanization.
The leading market players include-
ï‚§ Eczacibasi Esan
ï‚§ Micronized Group
ï‚§ Imerys Minerals
ï‚§ Sibelco Nordic
ï‚§ The Quartz Corp.
ï‚§ Asia Mineral Processing
ï‚§ EL Waha Mining & Fertilizers
ï‚§ EP Minerals, Inc.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
ï‚§ Plagioclase Feldspar
ï‚§ North America
ï‚§ Asia Pacific
o Middle East & Africa
Furthermore, years considered for the study are as follows:
Historical year – 2015, 2016
Base year – 2017
Forecast period – 2018 to 2025
Target Audience of the Global Feldspar Market in Market Study:
ï‚§ Key Consulting Companies & Advisors
ï‚§ Large, medium-sized, and small enterprises
ï‚§ Venture capitalists
ï‚§ Value-Added Resellers (VARs)
ï‚§ Third-party knowledge providers
ï‚§ Investment bankers
Download Sample Reports Here – https://www.kennethresearch.com/sample-request-10076466
The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
- North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth Market Players Analys & Opportunity Outlook
- Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook
About Kenneth Research
Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation
Email : Sales@kennethresearch.com
Phone: +1 313 462 0609