ID: MRFR/CnM/1917-CR | 40 Pages | Published By Anshula Mandaokar on May 2017
MEA K-Feldspar Market is projected to be worth USD 191 Million by 2027, registering a CAGR of 4.20% during the forecast period (2022-2030).
Middle East Potassium Feldspars Market
MEA K-Feldspar Market is projected to be worth USD 191 Million by 2030, registering a CAGR of 4.20% during the forecast period (2022-2030). The potassium feldspars are a major raw material that has a wide range of uses. It is a raw material that is used in the ceramics manufacturing process. This ceramic is used in the kitchen, fixtures, floor tiles and other surfaces. As it is a major raw material the demand for the product is growing rapidly in industries.
Also, in the coating, welding and paint industry the use of potassium Feldspars is prevalent. The special properties of this raw material make it ideal for the glass industry. The glass industry has the highest demand and spending for this raw material. Especially, the upsurge in the automotive market is contributing to the growth of potassium Feldspars.
Also, the market has lucrative growth opportunities due to initiatives and investments. Various government policies support the use of this raw material. Some industries use this raw material to abide by governmental policies. Also, investments in the market are rising due to the demand from emerging economies. There are automotive glass manufacturers that have the highest usage of this mineral. All these are expected to expand the overall market. All these are factors that boost market value.
The key players in the Asia Pacific have the highest growth in construction activities. Due to these key players in India, China and Japan are raising their investments. About 142 billion of investments are allocated to the market. All this is expected to raise the supply rates of the market.
The key players in Israel are rising their spending on Potassium Feldspar. Due to the demand from automotive glass manufacturing companies, this development will take place. Due to this development, the use of potassium Feldspar is rising in the market. All this will help the company to expand its production.
Middle East K-Feldspar market is segmented based on country/regions as, Israel, Turkey, G.C.C., and rest of Middle East.
Turkey is the largest producer and consumer of K-Feldspar in MEA market. Turkey K-Feldspar is estimated to retain its dominance in overall market in near future. Turkey is followed by GCC market in terms of growth rate. The high growth rate of GCC K-feldspar market is attributed to increasing automotive production of countries such as Saudi Arabia and Qatar. Moreover Israel and rest of Middle East markets are estimated to witness relatively low CAGR over the forecast period.
The report for Middle East K-Feldspar market of Market Research Future comprises extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different markets segments and regions.
|Forecast Period||2022 to 2030|
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||By Country/Region|
|Geographies Covered||Israel, Turkey, G.C.C., and rest of Middle East.|
|Key Vendors||United Mining Investments Co., The Quartz Corp, Sisecam Group, Kaolin Industrial Minerals San. And Tic. Inc., Polat Maden Sanayi Ve Ticaret A.S., Imerys Seramik Hammaddeleri San.Ve Tic.A.Ş., Kalemaden Endustriyel Hammaddeler San.Ve Tic.A.S., Gensa Kimya Sanayi Ve Ticaret A.S.|
|Key Market Opportunities||
|Key Market Drivers||The increasing use in automotive glass manufacturing|
MEA K-feldspar market is expected to exhibit a CAGR of 4.20% from 2022-2030 in terms of revenue.
MEA K-feldspar market can attain demand at a CAGR of 4.20% from 2022-2030.
MEA K-feldspar market size can touch USD 191 million by 2022.
MEA K-feldspar market volume can reach 1069 thousand tons by 2022.
Applications of potassium in construction, automotive, ceramic, and manufacturing industries can drive the MEA K-feldspar market.
Alternatives to potassium such as sodium feldspar can stunt the MEA K-feldspar market.