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Potassium Feldspars Market Research Report - Forecast to 2030

Potassium Feldspars Market Information- by Application (Glass, Ceramic & Tiles, Enamel Frits and Glazes, Abrasives, and Others) and by Region - Forecast till 2030

ID: MRFR/CnM/1890-HCR | December 2022 | Region: Global | 135 Pages         

Potassium Feldspars Market

Potassium Feldspars Market is projected to be worth USD 745.7 Million by 2030, registering a CAGR of 6.70% during the forecast period (2022 - 2030).

Segmentation

By Application Glass Ceramic & Tiles Enamel Frits and Glazes Abrasives Others

Key Players

  • Sibelco NV (Europe)
  • Gottfried Feldspat GmbH (Germany)
  • Quartz Corporation (Europe)
  • Minerali Industriali S.r.l.(Europe)
  • LB MINERALS Ltd. (Europe)
  • CVC Mining Company (India)
  • Purin Mineral Group Company Ltd.

Drivers

  • Increasing in demand of growing glass industry.
  • Ceramic & tiles industry
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Potassium Feldspars Market Overview


Potassium Feldspars Market is projected to be worth USD 745.7 Million by 2030, registering a CAGR of 6.70% during the forecast period (2022 - 2030).


Potassium feldspars are aluminium silicates plentiful minerals bunch which contains potassium minerals with the direct recipe KAlSi3O3. Potassium feldspars are a gathering of polymorphs, polymorphs being minerals that have a similar compound synthesis however marginally unique precious stone designs.


In spite of their different precious stone designs, the potassium feldspars are basically the same as each other in appearance like orthoclase, sanidine and microcline. These species are never found in unadulterated structure in nature they generally accessible in combination structure.


Potassium feldspars has found in different application like glass, clay and tiles, lacquer frits and frosts, abrasives, and others. Expanding sought after of developing glass industry and ceramic and tiles industry will help the market of potassium feldspars one more developing fragment in the glass business is sun powered glass which is utilized in the creation of sun based cells.


Also, expanding utilization of post-buyer glass gathered through nearby government and neighborhood reusing programs kept on giving extra rivalry to conventional unrefined substances, like feldspar in the assembling of glass holders.


Nepheline syenite is the significant substitute material of potassium feldspars. Feldspar likewise can be supplanted in a portion of its end utilizes by electric heater slag, dirts, or powder.


Covid-19 Analysis:


During the Covid-19 pandemic, there was an unexpected decrease in the development of many key-use businesses which generally involves potassium feldspar as an unrefined substance, which further impacted the development of potassium feldspar market. For example, the commodity of clay items in the year 2020 in Indonesia remained at US$47.70, a reduction of 6.23% from the year 2019 inferable from the Covid-19 pandemic. The commodities of artistic items from New Zealand diminished by 1.69% to US4.06 million from US$4.13 million in the year 2019. As per United Nations COMTRADE, the commodities of glass and dishes during the year 2020 in Japan was esteemed at US$2.97 billion, a decline of 6.74% contrasted with the earlier year 2019 and the product of earthenware items during the year 2020 was esteemed at US$1.47 billion, a diminishing of 8.71% contrasted with the earlier year 2019.


Further the product of glass and crystal from Indonesia likewise diminished at a pace of 6.71% in the year 2019 to US$283.15 from US$303.52 in the year 2018. Since, during the pandemic, the potassium feldspar market saw a lessening in its interest because of many key-use ventures confronting difficulties during the pandemic, the market income of potassium feldspar market essentially diminished.


Chief Factors Existing in The Potassium Feldspars Market


Expanded Demand for Ceramics Across Various End-Use Industries


The worldwide potassium feldspar market is probably going to be driven by rising pottery interest across significant end-use areas, for example, electrical and gadgets, development, and clinical gadgets all through the projected period. The worldwide potassium feldspar market is driven by rising interest as a critical natural substance in the production of ceramics utilized in restroom apparatuses, kitchen installations, and floor tiles, as well as its boundless use in the glass area to make glass, fiberglass, and specialty glass (utilized in the formation of silverware).


In 2019, worldwide tile utilization fell by 500 million square meters (- 4.1%), from 12,902 to 12,375 million square meters. Asia saw the greatest drop, with request tumbling to 7,995 million sqm (- 6.3%), representing 64.6 percent of worldwide utilization as indicated by a report by the Indian Council of Ceramic Tiles and Sanitaryware (ICCTS). Further, the report expresses that in Europe utilization expanded by 1.2 percent in European Union nations (from 1,009 to 1,021 million sqm), yet fell by 10% in non-EU Europe (from 563 to 506 million sqm).


In the Americas, utilization was practically unaltered, with volumes of 1,257 million sqm (+0.7%) in Central and South America and 544 million sqm (- 3.7%) in North America. Africa's interest expanded pointedly to 1,002 million sqm (+7.2%), far overwhelming the mainland's creation limit.


Investigation and Investment in Feldspar Industry


As per International Trade Administration, Public Authority for Mining (PAM) of Oman Government in Mid of February 2020, PAM reported goals to delicate 15 to 20 pre-endorsed mining blocks in 2020. The first two pre-endorsed mining blocks in quite a while known for marble, limestone, and dolomite stores were set up for public offering by PAM. Future pre-supported venture blocks are said to have rich amounts of chromite, silica, gypsum, carbonate, attapulgite, dirt, basalt, laterite, and feldspars, as per neighborhood press. Minerals Development Oman (MDO), a state-possessed combination of four Omani sovereign abundance assets and government speculation endeavors, is the predominant member in Oman's mining industry. As the public authority's leaned toward accomplice for mineral concessions, MDO has gotten many mining licenses and is putting widely in likely mineral assets. Such investigation and interest in the field of feldspar is set to speed up the potassium feldspar market development.


Potassium Feldspar Market Challenges


Presence of Substitutes can Restrict the Market Growth


The presence of a significant substitute, for example, nepheline syenite, smothers market development. The expanded utilization of nepheline in glass items because of its expanded protection from separating and scratching is driving worldwide interest for nepheline syenite. The minerals nepheline, microcline, and albite make up nepheline syenite, which is a sans quartz aluminum silicate. Nepheline syenite is used as a glass stage advertiser, a fired motion, and a practical filler in paint, plastics, and different materials because of its very low softening point and high alumina focus. Feldspar and nepheline syenite are utilized as transitions in stoneware and glass. Glass represented around 65% of homegrown feldspar and nepheline syenite end-utilizes in 2020, while earthenware tile, stoneware, and different purposes represented 35% in the United States as per United States Geological Survey (USGS).


Cumulative Analysis of the Market:


Potassium Feldspars Market is projected to be worth USD 745.7 Million by 2030, registering a CAGR of 6.7% during the forecast period (2022 - 2030), inferable from expanding interest for potassium feldspar as a significant natural substance in the production of ceramics utilized in washroom apparatuses, kitchen apparatuses, floor tiles, etc.


Market Segmentation:


Potassium Feldspar Market Segment Analysis – By Type 


The orthoclase segment held the largest share of 36.7% by revenue in the potassium feldspar market in 2020 and is forecasted to grow at a CAGR of 5.2% during 2021-2026. Glass and ceramics are made from orthoclase, and translucent crystals are occasionally carved into diamonds. The Indian ceramic sector, which is currently the world's third-largest producer, is expected to treble its revenue by 2021. As the country prepares for new development projects, the rising demand for faucets and tiles has resulted in a 7 percent to 8% increase in the construction sector. The ceramics sector will be fueled by rising domestic demand and exports. The Middle East and Europe are two of the most important export markets. Saudi Arabia receives 20% of all ceramic’s exports. The ceramic tile business in India is worth 3.8 billion euros and has a capacity of 955 million square meters according to Messe Muenchen India. The growth in the ceramic industry will propel the demand for orthoclase as it is one of the raw materials for the production of ceramics.


Potassium Feldspar Market Segment Analysis – By Application 


The glass segment held the largest share in the potassium feldspar market in 2020 and is expected to grow at a CAGR of 4.2% during 2021-2026. Potassium feldspar is used as a raw material in the manufacturing of glass. It is a fluxing agent which helps to reduce the viscosity of glass. Glass is widely used in buildings and vehicles window thus, increasing glass production and developments in the glass industry is estimated to grow the consumption of potassium feldspar. In August 2020, Tomakk Glass Partners announced to build a glass manufacturing facility with an investment of US$1.95 million in Shreveport. The company will manufacture tempered glass which is used in vehicle windows. Furthermore, according to the India Brand Equity Foundation (IBEF), affordable housing in urban areas in India is forecasted to grow 1.5 times from an estimated 38 million by 2030 and will grow to US$ 9.30 billion by 2040. Additionally, increasing vehicle production is also estimated to expand consumption of glass which in turn growing demand for potassium feldspars.


Potassium Feldspar Market Segment Analysis – By End-Use Industry


The building and construction segment held the largest share in the potassium feldspar market in 2020 and estimated to grow at a CAGR of 4.4% during 2021-2026. Potassium feldspar is used in the production of concrete, aggregates, glass, and ceramic, which are a few of the important materials used in the building and construction industry. This increases the demand for potassium feldspar in the building and construction industry. Glass and ceramics are used in various applications of the building and construction industry like walls, flooring, tiling, window panes, and other applications. This is driving the demand for the potassium feldspar market in the building and construction industry. The increase in the projects and growth of the residential construction sector is increasing the demand for products like glass window panes, ceramic tiles, sanitary ware, glass doors, and other residential construction sector applications. For instance, according to Invest India, the construction industry of India contributed a 30% share in the glass industry during the year 2019. This is increasing the application of glass in the construction industry, which is further driving the demand for potassium feldspar in the construction industry. 


Regional Analysis:


Asia-Pacific held the largest share in the potassium feldspar market in 2020 up to 41.7% and is forecasted to grow at a CAGR of 5.7%. According to the American Chemical Society, in the year 2019, China was the second-largest producer of potash (otherwise called potassium feldspar), at 28% of the total production along with other countries. This is majorly driven by the growing demand from end-use industries like building & construction, automotive, and other industries, which is contributing to the growth of the potassium feldspar market in China.


According to Japan Automobile Manufacturers Association (JAMA), the production of cars in February 2021 increased to 5,96,379 units from 5,87,946 units in January 2021, an increase of 1.4%. This will fuel the potassium feldspar market as it is widely used in the production of rubber, which is further used in the manufacture of tires, the main component in the production of the automobile market.


According to the Construction Association of Korea (CAK), the revenue generated by Korea’s construction-related industry including public and private infrastructure and civil engineering services was valued at US$148 billion in the year 2019. The increase in the growth of the construction sector is increasing the demand for ceramic, glass, concrete, and aggregates which is further driving the demand for potassium feldspar market in the region.


Competitive Intensity Within the Industry:


Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the potassium feldspar market. Major players in the potassium feldspar market are Pacer Minerals LLC, Quarzwerke Group, Minerali Industriali S.r.l, Mudgee Dolomite & Lime Pty Ltd, The Quartz Corporation, Gebruder Dorfner GmbH & Co, Kaolin, Snow White Minerals Pvt. Ltd., Global Minechem Corporation (GMC), Ceraclique Mining India Pvt. Ltd., and National Mining Company (NMCO).


Report Overview:


The report about Potassium Feldspars Market by Market Research Future includes broad essential exploration alongside detail examination of subjective as well as quantitative perspectives by different industry specialists and key assessment pioneers to acquire a more profound knowledge of the market and industry execution.


The report gives an unmistakable image of the ongoing business sector situation which incorporates past and assessed future market size with regards to esteem and volume, mechanical progression, full scale prudent and overseeing factors on the lookout. The report further gives detail data about techniques involved by top central participants in the business. It likewise gives an expansive report about various market portions and locales.


Key Industrial Segments


By the item type, the market is fundamentally parted into



  • Glass Grade

  • Ceramic Body Grade

  • Coat Grade


Toward the end clients/application, this report covers the accompanying fragments



  • Glass

  • Pottery

  • Fillers



Report Scope:

Report Attribute/Metric Details
  Market Size   2030: USD 745.7 Million
  CAGR   6.70%
  Base Year   2021
  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 Application and By Region
  Geographies Covered    North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Sibelco NV (Europe), Gottfried Feldspat GmbH (Germany), Quartz Corporation (Europe), Minerali Industriali S.r.l.(Europe), LB MINERALS, Ltd. (Europe), CVC Mining Company (India), Purin Mineral Group Company Ltd. (Thailand) and others
  Key Market Opportunities

  • Orthoclase
  • Sanidine
  • Microcline
  •   Key Market Drivers

  • Increasing in demand of growing glass industry
  • Ceramic & tiles industry


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    Frequently Asked Questions (FAQ) :

    North America and Europe will lead the potassium feldspar market.

    China is the largest producer in the Asia Pacific potassium feldspar market.

    The key players in the potassium feldspar market are Gottfried Feldspat GmbH (Germany), Quartz Corporation (Europe), Sibelco NV (Europe), Purin Mineral Group Company Ltd. (Thailand), LB MINERALS, Ltd. (Europe), CVC Mining Company (India), Minerali Industriali S.r.l.(Europe), and others.

    Potassium feldspar market has applications like ceramic & tiles, abrasives, enamel frits, glass, glazes, and others.

    Italy produces the maximum amount of potassium feldspar.