Feldspar Global Market Report 2024

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 expansion witnessed in the historical period can be attributed to a rising demand for ceramic tiles, an increased need for electronic products, and growth in the glass manufacturing sector. Factors that had a detrimental impact on growth in the historic period included the effects of the COVID-19 pandemic, fluctuating prices of raw materials, 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 anticipated growth in the forecast period can be linked to the rapidly increasing demand for automotive vehicles, the expanding construction sector, and rapid urbanization. Key trends expected in the forecast period encompass innovative programs for the development of feldspar, the adoption of mining vibration screen technology, the utilization of 3D mine visualizers, the adoption of HPY sorting technology, and the development of renewable feldspar.

The anticipated growth in the feldspar mining market is expected to be driven by the increasing demand for automotive vehicles. The automotive industry, encompassing the production and sales of vehicles, relies on feldspar for automotive glass manufacturing. This critical role in the automotive sector results in a heightened demand for feldspar, aligning with the growing demand for automotive vehicles. For instance, in the first three-quarters of 2021, car registrations across the European Union increased by 6.6%, reaching 7.5 million units, according to the European Automobile Manufacturers Association. This surge in automotive demand is a key factor propelling the feldspar mining market.

The feldspar mining market is poised for growth due to the expanding construction sector. With the construction industry involved in creating, maintaining, and repairing infrastructure, residential, and non-residential buildings, feldspar plays a crucial role in manufacturing construction materials and tiles. Its applications in abrasives, adhesive bonding agents, glass fibers, enamel lacquerware, and welding rods contribute to the rising demand for feldspar in construction. A forecast by Global Construction Perspectives and Oxford Economics suggests that by 2030, global construction production is expected to increase by 85% to $15.5 trillion. This growth, driven by key contributors such as China, the United States, and India, underscores the significant impact of the construction sector on the feldspar mining market.

The historic period witnessed growth in the feldspar mining market due to the increased demand in glass manufacturing. Feldspar's role as a fluxing agent and a source of alumina, silica, and alkali in glasses, glazes, and ceramic bodies contributed to its demand in the glass manufacturing process. For example, in 2021, Glass Alliance Europe reported a 6.1% increase in glass production in Europe, reaching 39.12 million tons compared to the previous year. This surge in demand for glass manufacturing materials drove the feldspar mining market during the historic period.

Mining companies are increasingly adopting 3D mine visualizers to enhance productivity and operations planning. These visualizers generate real-time digital models of mines, offering a three-dimensional layout directly accessible to operators. Companies such as Sandvik and Komatsu provide 3D visualizer systems, enabling operators to analyze historical data, improve productivity, and identify best practices. Tech Soft 3D introduced its HOOPS Visualize in July 2021, providing powerful 3D visualization capabilities for better decision-making in mine planning and execution.

HPY sorting technology is gaining popularity as a key trend in the feldspar mining market. Companies, including Hengyu Mining in China, are introducing technologies such as HPY sorting for intelligent ore sorting equipment. This technology, based on X-ray transmission, facilitates the pre-rejection process by sorting ores, including feldspar and quartz as non-metallics, contributing to operational efficiency in the mining sector.

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.

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. The countries covered in the feldspar market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The primary types of Feldspar are plagioclase and potassium. Plagioclase refers to any member of the series of abundant feldspar minerals characterized by light-colored, glassy, transparent to translucent, and brittle crystals. End-users of Feldspar include industries involved in glass, ceramics, and fillers. Mining methods encompass both underground mining and surface mining, utilizing various equipment such as excavators, robotic trucks, drills, breakers, and load haul dumps. Additionally, the components involved in the process comprise hardware, software, and services.

The feldspar market research report is one of a series of new reports that provides feldspar market statistics, including feldspar industry global market size, regional shares, competitors with a feldspar market share, detailed feldspar market segments, market trends and opportunities, and any further data you may need to thrive in the feldspar industry. This feldspar market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The feldspar market includes revenues earned by entities by providing mining services through the froth flotation process and conventional open-pit mining method. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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