Feldspathic Minerals Market Forecasts to 2028 - Global Analysis By Product (Alkali Feldspars, Plagioclase Feldspars and Potassium Feldspar), Application (Ceramics, Glass, Paints and Varnishes, Enamel frits and glazes, Fillers and Other Applications) and B

Feldspathic Minerals Market Forecasts to 2028 - Global Analysis By Product (Alkali Feldspars, Plagioclase Feldspars and Potassium Feldspar), Application (Ceramics, Glass, Paints and Varnishes, Enamel frits and glazes, Fillers and Other Applications) and By Geography

According to Stratistics MRC, the Global Feldspathic Minerals Market is accounted for $640 million in 2022 and is expected to reach $982 million by 2028 growing at a CAGR of 7.4% during the forecast period. Feldspathic minerals are the most common rock forming mineral on earth. They are the earth's most prevalent minerals. They are typically white or a very light shade of white. According to the amount of feldspar they contain, feldspathic minerals can be found in igneous, sedimentary, and metamorphic forms. Chemically speaking, feldspars are aluminium silicates with additions of sodium, iron, calcium, potassium, barium, or a mix of these elements.

According to International Trade Administration, a US-based government agency, Mining accounted for almost 10% of the total GDP in 2020, being a major contributor to Australia's economy.

Market Dynamics:

Driver:

Increasing demand of ceramic tiles

The two main ceramic tile products are floor tiles and wall tiles. Ceramic tiles, on the other hand, have a solid, rough surface that does not draw or hold onto dirt, dust, pollen, or any other allergens. Ceramic tile is also widely used in residential buildings for flooring because it is simple to clean, simple to install, simple to maintain, and reasonably priced. Additionally, consumers' growing preference for decorative interior walls drives demand for ceramic tiles as paint and other product substitutes. Moreover, a growing population and the robust growth of the construction industry in developing nations like China and India are anticipated to fuel the growth of the ceramic tile market over the course of the forecast period.

Restraint:

Effect of Feldspar Mining on Environment

Feldspar is mined usually from large granite bodies due to which the atmosphere, surface water, and ground water often get polluted by the mining operations. Water pollution from mine effluent discharged into the environment as well as flow from tailings and waste rock impoundments are two ways that mining affects fresh water. It's possible that a lot of mud, VOCs, and other adhesive chemicals will be produced during construction, endangering the health of those who live nearby. Thus, it is anticipated that the aforementioned factors will limit market growth.

Opportunity:

Growing usage in glass application

In the creation of glass, feldspar plays a crucial role. It serves as a fluxing agent, lowering the melting point of quartz and assisting in the regulation of glass viscosity, making it another crucial raw material. Fluxes reduce the melting temperature, requiring less energy and requiring less soda ash. This significantly lowers the cost of production overall for the production of glass. The demand for feldspar is anticipated to rise over the next few years as glass usage expands in a variety of sectors, including the automotive and electronics industries.

Threat:

Strict government regulations

Natural mineral extraction frequently leads to imbalances and negative outcomes. The demand for the minerals and materials required for battery storage and electric vehicles is gradually rising as a result of the global shift to renewable energy sources. Mining operators will need to overcome obstacles to easily accessible capital, obtaining a license to operate (LTO), and operating in a limited number of international markets where the minerals are found in order to meet this supply challenge. Thus, it is anticipated that the aforementioned factors will limit market growth.

Covid-19 Impact:

During the COVID-19 pandemic, the Feldspathic Minerals sector saw a decline. This is explained by the sharp decline in the industrial, automotive, and construction sectors. Prior to receiving instructions from the government authorities to reopen, manufacturing companies continued to shut down all of their operations at their workplaces and manufacturing facilities. In addition, the thermal spray coating industry saw a significant decline in production as a result of the labour reduction brought on by social distance norms during the COVID-19 pandemic.

The alkali feldspars segment is expected to be the largest during the forecast period

The Alkali Feldspars category dominated the global Feldspathic Minerals Market due to its physical characteristics including hardness and white line, which were used increasingly as beautiful building stones in residential and commercial projects. Alkali feldspars are also found in a range of geological environments due to their compositional and structural diversity, and they are especially effective as petro logical markers. Orthoclase, sanidine, microcline, and an orthoclase are examples of potassium-containing alkali feldspars, also referred to as K-feldspar. In contrast, the potassium feldspar that develops at lower temperatures most frequently is the microcline.

The glass segment is expected to have the highest CAGR during the forecast period

The segment Glass is anticipated to grow at the highest CAGR over the forecast period. Due to the increasing use of feldspar as a key component for glass manufacturing, glass and glass products are expected to grow at a CAGR of 1.68% in the Global Feldspathic Minerals Market during the forecast period of 2020–2025. The superior optical quality of feldspar increases the chemical resistance of glass. While one ton of flat glass requires about 100 pounds of feldspar to produce and about 110 pounds to produce one ton of container glass.

Region with largest share:

The Asia-Pacific region held a sizeable market share and is anticipated to dominate the sector over the forecast period. The substantial increase in imports and exports by China and India to satisfy their energy needs is responsible for the region's growth. The region's expansion is mostly attributable to China's and India's energy-related imports and exports. The development of the market is greatly aided by the petrochemical sector in this area.

Region with highest CAGR:

Europe is slated to register the fastest growth rate during the forecast period due to the demand for feldspar has increased in Italy, Spain, Turkey, Poland, and Russia, making Europe the world's largest consumer of the mineral. Due to the nation's growing demand for feldspar minerals, Italy is the second-largest producer in the world. Because there is a growing demand for feldspar mineral across a variety of industries, including ceramics, glass, paints, enamel, etc., the production capacity is anticipated to rise during the forecast period. Turkey has 4,500 mineral deposits and almost 60 different mining and metals. The nation ranks among the top feldspar producers and exporters on the world market. Its extensive feldspar reserves make up almost 10% of the world's total, such positive growth is expected to drive the European market.

Key players in the market

Some of the key players in Feldspathic Minerals market include Asia Mineral Processing Co. Ltd, Arkema-Armaaz, Axens and Toray, El Waha Mining & Fertilizers, Imerys Ceramics, Global Investment Holdings, Gottfried Feldspat GmbH, Kaltun Madencilik AS, LB MINERALS Ltd, Micronized South Africa Limited, Minerali Industriali SRL, Paladino Mining & Development Corp., Sibelco, Sun Minerals Incorporated, Shell and BASF, The Quartz Corporation and United Group

Key Developments:

In May 2022, Axens and Toray Films Europe to boost Plastic Circular Economy with a new PET Chemical Recycling Plant in Saint-Maurice-de-Beynost (France)

In September 2021, Shell and BASF announced their plans of working together to promote the transition to a zero-emissions world.

In May 2020, Turkish feldspar floatation innovations Arkema-Armaaz was featured in the May issue of International Mining magazine which highlighted its innovative Joint Collector Development Program (JCDP)

Products Covered:
• Alkali Feldspars
• Plagioclase Feldspars
• Potassium Feldspar

Applications Covered:
• Ceramics
• Glass
• Paints and Varnishes
• Enamel frits and glazes
• Fillers
• Other Applications

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements