Potassium Feldspars Market Information- by Application (Glass, Ceramic & Tiles, Enamel Frits and Glazes, Abrasives, and Others) and by Region – Forecast till 2022
The noteworthy players in the potassium feldspars market include Gottfried Feldspat GmbH (Germany), CVC Mining Company (India), Sibelco NV (Europe), Quartz Corporation (Europe), Purin Mineral Group Company Ltd. (Thailand), LB MINERALS, Ltd. (Europe), and Minerali Industriali S.r.l.(Europe)
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Potassium feldspars are aluminum silicates which contain potassium minerals. The potassium feldspar market is anticipated to showcase significant growth rate over the forecast period of 2014-2022, asserts Market Research Future (MRFR) in a detailed study.
The market growth for potassium feldspar is triggered by the ceramics and glass industries which generate the majority of the demand for the product. More than 70% of the potassium feldspar is used in the glass making industry which includes glass containers, specialty glass, flat glass, and fiberglass for home insulation. Potassium feldspars are used in glassmaking owing to their alumina and calcium content which impart increased physical and chemical resistance to glass products. Heightened demand for glass food containers encouraged by consumer demand and government initiatives towards the use of environmentally friendly and recyclable packaging for food & beverage would potentially augment the potassium feldspar consumption by glass industry and aid in market expansion.
The ceramics industry too is a key end-user industry for potassium feldspar. With the revival of the economy, new commercial and residential activities are expected to increase creating strong demand for ceramics, fiberglass, and glass, and thus potassium feldspar. Continued growth within the construction industry is expected to boost the potassium feldspar market. The trend of residential replacement along with the ideas of using thinner, stronger ceramic sheets is likely to strengthen demand for potassium industry.
By region, the potassium feldspar market has been segmented into Asia Pacific, North America, Europe, and the Rest of the World (RoW).
Europe accounts for the foremost share of the potassium feldspar market. The high production rate of potassium feldspar from Italy, the second largest producer of potassium feldspar after Turkey, can be credited for the expansion of Europe market. France and Spain are among the other major potassium feldspar mining and producing nation.
APAC is a significant market for potassium feldspar. End-user industries such as glass and ceramic in the region generate substantial demand for potassium feldspar. China is the largest producer of potassium feldspar in the region. India, Thailand, and Indonesia are among other key contributors.
North America, led by the US is another important growth pocket for potassium feldspar. The production of potassium feldspar increased since 2009 and had been increasing ever since then.
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In July 2018, Pioneer Resources Ltd., a company focused on the exploration of gold, nickel, and lithium, announced its drilling results above the Sinclair Zone Caesium Deposit, the company’s 100% held project site, located in Western Australia. They confirmed a market-significant volume of potassium feldspar in the region and further indicated that several potassium feldspar reserves present at the location.
The potassium feldspar market has been segmented on the basis of application which comprises glass, abrasives, ceramic & tiles, enamel frits & glazes, and others.
The report about Potassium Feldspars Market by Market Research Future comprises of extensive primary research along with detail analysis of qualitative as well as quantitative aspects by various industry experts and key opinion leaders to gain a deeper insight of the market and industry performance. The report gives a clear picture of the current market scenario which includes past and estimated future market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report further provides detail information about strategies used by top key players in the industry. It also gives a broad study about different market segments and regions.
Study Objectives of Potassium Feldspars Market:
- To provide detailed analysis of the market structure along with forecast for the next 7 years of the various segments and sub-segments of the Potassium Feldspars Market
- To understand the supply and demand dynamics including supply and consumption concentration mapping
- To provide region level market analysis and future outlook for North America, Europe, Asia, and Rest of the World (ROW) and their countries
- To provide competitor positioning of the market
- To provide company profiling of major players in the market along with their production and capacity
- To provide regional trade analysis
- To evaluate historical market trends, patents and technologies, and current government regulatory requirements that are relevant to the market
- Potassium Feldspars manufacturers
- Traders and distributors of Potassium Feldspars
- Production Process industries
- Potential investors
- Raw material suppliers
- Nationalized laboratory