Feldspar Market Industry Leaders & Key Revenue Pockets

The global feldspar market size was USD 547.0 million in 2017 and is projected to reach USD 745.7 million by 2022, at a CAGR of 6.4% between 2017 and 2022. The demand for feldspar is being generated by glass and ceramics manufacturers, as they have to cater to the rising demand from the construction sector where glass and ceramics are used in residential and commercial buildings.

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The K-feldspar segment is projected to be the fastest-growing type segment of the feldspar market during the forecast period. This segment will witness a higher growth rate than the plagioclase feldspar segment due to the availability of color variations in K-feldspars. Also, the better glazing property of K-feldspar is expected to drive its demand in the manufacturing of ceramics.

By end-use, the ceramics segment is expected to grow at the highest CAGR during the forecast period. There is an increasing demand for ceramic floor tiles in residential and commercial buildings, which, in turn, drives the demand for feldspars in ceramics manufacturing. Feldspar imparts better glazing effect to several tiles used for roofing and flooring.

APAC was the largest market for feldspar in 2016, in terms of value and volume, followed by North America. The APAC feldspar market is also projected to register the highest CAGR during the forecast period. This high growth is attributed to the increasing focus of global players on the region’s emerging markets, such as China, India, Malaysia, and Thailand. The growing glass manufacturing sector in Southeast Asia has also contributed to the market’s growth. Development in the automotive and construction industries is projected to further drive the feldspar market in this region. The economic growth rate in APAC is expected to be steady during the forecast period.

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APAC offers a lot of opportunity for the feldspar market due to rising demand for glass and ceramics from the residential and commercial construction projects. China and India are major manufacturers of ceramic tiles in the world. These two countries are also among the fastest-growing economies in the world. Thus, the feldspar market is expected to thrive in the APAC region during the forecast period.

Companies operating in the feldspar market can enter into long-term supply contracts with end users for better turnover. These companies can also introduce new grades of feldspar to improve the manufacturing of glass and ceramics, thus helping increase their competitive advantages in the feldspar market.