Feldspar Market by Type (Plagioclase Feldspar, and K-Feldspar); End Use (Glass, Ceramics, Fillers, and Others): Global Market Size Estimates and Forecast (2022-2030)

Code: BMIRE00026735 | Pages: 100 | Industry: Chemicals and Materials | Date: Oct 2022 | Type: Global

The market crossed US$ 1600 million mark in 2022 and is expected to hit US$ 2300 million by 2030, recording a CAGR of 5.0% during the forecast period.

Increasing demand for ceramic tiles. 

The construction industry in the US, China, and India is growing tremendously with rapid industrialization. The high rate of construction activities creates an enormous demand for various construction materials. In North America, the construction industry is one of the significant contributors to the region's economy. According to the Associated General Contractors of America (AGC), the US construction industry creates $1.4 trillion worth of structures each year. Therefore, the demand for ceramic tiles is increasing with the growth in the construction sector. Ceramic tile is one of the most important materials consumed in the construction industry. Brazil and India are also the largest manufacturers of ceramic tiles. The feldspar market is expected to grow in these countries as well. Feldspar, kaolin, bentonite, and silica sand are the major raw materials used in manufacturing ceramic tiles. The increasing construction activities across the globe is driving the feldspar market.

Within the report, the market is segmented into type, end use, and geography. By type, the market is further segmented into plagioclase feldspar, and k-feldspar. Based on end use, the market is further segmented into glass, ceramics, fillers, and others. Geographically, the market is sub segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.

Growing urbanization in developing economies.

Rapid urbanization in developing countries such as China, India, Brazil, and Vietnam is expected to bolster the feldspar market growth. These countries are witnessing a rise in the construction of residential and commercial buildings, which is expected to increase the demand for feldspar in developing economies. As per the report of CEIC, in 2020, Beijing recorded 237,142.000 square meter building construction work which is 5% greater than the previous building construction work. Further, feldspar is extensively used in the ceramic industry for its molding properties. It is also used in the manufacture of sanitary wares, tiles, and tableware and has been significantly utilized as a direct substitute against the traditional method of cement. This, in turn, is driving the feldspar market.

APAC is the largest feldspar market in the forecast period.

APAC comprises economies such as China, India, Japan, Australia, South Korea, and Rest of APAC. Many of the APAC countries, such as China and India, are among the world's fastest-growing populations. With a growing population, the construction industry is in high demand in APAC. In China, demographics are likely to continue to drive residential development expansion. Rising household incomes, as well as population migration from rural to urban regions, are predicted to fuel demand for residential buildings in the country. In addition to residential infrastructure, non-residential infrastructure is expected to grow considerably in the future years. The continuous growth in the construction sector drives the demand for feldspar in the region.

Recent strategic developments in feldspar market

The feldspar market has undergone several significant developments, and a few of these have been mentioned below:

  • In February 2021: CeramTec developed a new 3D printing process named ROCAR® 3D to produce construction elements made from technical ceramic materials. This process is a fast, cost-effective 3D printing process.

The feldspar market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. Eczacibasi Esan, Micronized Group, Imerys Minerals, Sibelco Nordic, and The Quartz Corp. are among the prominent players operating in the market.

Target audience for the report:

  • Raw material providers
  • Feldspar related associations, organizations, forums, and alliances
  • Government bodies, such as regulating authorities and policy makers
  • Venture capitalists, private equity firms, and start-up companies
  • Application industry of feldspar industry
  • Research institutes, organizations, and consulting companies

Scope of the report:

In this report, the market has been segmented on the basis of:

  • Type:
    • Plagioclase Feldspar
    • K-Feldspar
  • End Use:
    • Glass, Ceramics
    • Fillers
    • Others
  • Region
    • North America
    • Europe
    • Asia Pacific (APAC)
    • South & Central America
    • Middle East & Africa
  • Companies profiled
    • Eczacibasi Esan
    • Micronized Group
    • Imerys Minerals
    • Sibelco Nordic
    • The Quartz Corp.

The List of Companies
- Eczacibasi Esan
- Micronized Group
- Imerys Minerals
- Sibelco Nordic
- The Quartz Corp.

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