Feldspar is a combination of alumina and silica (SiO2) that includes aluminum silicates of soda, potassium, or lime. It is an important raw material as it acts as a fluxing agent. It reduces the melting temperature of quartz and helps in directing the viscosity of glass. Its alkali component acts as a fluxing agent, which lowers the temperature of the glass. Feldspar mineral account for a predictable 60% of exposed rocks, as well as clays, soils, and other unconsolidated sediments, and are main components in rock classification. It is used as fillers in various industrial applications such as plastics, paints, and rubbers utilize feldspar as fillers and extenders to achieve qualities for instance high chemical inertness, excellent ability to disperse, high resistance to abrasion, high resistance to the frosting, table pH levels, wonderful refractive index, etc. It is also used as an important ingredient in different enamel compositions. It activates to rule out the defects and bring beautiful preciseness to the final product. It develops beautiful shine & neatness to ceramic tile glaze, enamel frits, sanitary ware, electrical porcelain, ceramic glazes, and tableware, etc.
According to the study, “Global Feldspar Market Size study, by Type (K-Feldspar and plagioclase Feldspar) End-user (ceramics, glass, fillers, and others) and Regional Forecasts 2018-2025” the key companies operating in the global feldspar market are Gottfried Feldspat GmbH, Imerys Minerals Ltd., Covia Holdings Corporation, MatelHammaddeSanayiveTicaret A.S., EczacibasiEsan, IncusaIndustrias Del Cuarzo, S.A, El Waha Mining & Fertilizers, Micronized Group, Gimpex Ltd., LB MINERALS, S. R.O., I-Minerals Inc., LKAB Minerals AB, KaltunMadencilik A.S., Quarzwerke GmbH, Manek Minerals, SCR-Sibelco N.V., MineraliIndustrialiS.r.l, Sibelco Nordic A/S, Pacer Minerals, LLC, The Quartz Corporation.
Based on type, the feldspar market is segmented into k-feldspar and plagioclase feldspar. Plagioclase feldspar segment dominates the market owing to growth in demand for flat glass. In addition, based on end-use, the market is segmented into fillers, glass (plate glass, beverage containers, and fiberglass insulation), ceramics and others. Glass segment is anticipated to exhibit higher CAGR due to rise in automotive & construction sectors and an increase in demand for flat & hollow glass from the emerging markets during the forecast period.
The feldspar market is driven by an increase in the use of feldspar in automotive glass, followed by a rise in demand for ceramic tiles and ongoing development & advancement in the construction industry. However, recycling of glass & ceramics and volatile logistics & mining costs may impact the market. Moreover, growth in investments in residential & commercial construction is a key opportunity for the market.
Based on geography, the European region dominates the feldspar market owing to the rise in investments and an increase in demand for basic construction commodities like paints, coatings, and other industrial machinery and tools in the region. Whereas, the Asian-Pacific and North-American regions are expected to exhibit higher CAGR due to a rise in population, growth in urbanization, and an increase in investments in infrastructure projects over the forecast period. In upcoming years, it is projected that the future of the market will be bright as a result of a rise in government regulations on the mining industry during the forecast period. It is anticipated that the market will be reached at the US $898.2 billion by 2025.
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Ankur Gupta, Head Marketing & Communications