Analysis by Type (Powder and Granules); by Application (Coatings and Polymers, Glass, Ceramic, Refractories, and Others); and by Functional Fillers (Plastic and Rubber, Paint and Coatings, Adhesive, and Other Fillers) – Global Supply & Demand Analysis & Opportunity Outlook 2023-2033
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The global feldspar and nepheline syenite market is estimated to garner a revenue of ~USD 7 Billion by the end of 2033 by growing at a CAGR of ~6% over the forecast period, i.e., 2023 – 2033. Further, the market generated a revenue of ~USD 5 Billion in the year 2022. The growth of the market can be attributed to the growing use of glass and ceramic in a variety of industries, including building, transportation, and the automobile industry, backed by the rising sales and production of automobiles and the growing construction sector. As per the data from the International Energy Agency (IEA), electric vehicle sales reached 2.1 million in 2019 worldwide, increasing from the sales of the year 2018, and rising the electric vehicles stocks to 7.2 million.
Further, with the rise of the pandemic, the increased demand for feldspar and nepheline syenite is estimated to rise due to their special qualities and used as an important element in the manufacturing of fillers, paints, and coatings. Moreover, the rising manufacturing of paints worldwide and increasing utilization of paint in many architectural coatings are expected to drive market growth. As per the reports, an estimated total amount of 860 million gallons of architectural paint was utilized in the United States in 2020, and over 350 million gallons of architectural paint was consumed in the United States by the DIY ('do it yourself') segment.
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Base Year |
2022 |
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Forecast Year |
2023-2033 |
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CAGR |
~6% |
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Base Year Market Size (2022) |
~ USD 5 Billion |
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Forecast Year Market Size (2033) |
~ USD 7 Billion |
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Regional Scope |
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Growth Drivers
Growing Construction Sector with Rising Demand for Residential and Commercial Buildings – It was noticed that the economy in the USA is greatly influenced by the construction sector. The sector employs more than 745,000 people and produces structures valued at close to USD 1.4 trillion annually. The rising urbanization across the globe, backed by the growing construction sector across the world is anticipated to boost market growth over the forecast period. Moreover, the sale of construction goods worldwide is also growing as a result of the increasing number of residential and commercial premises. This expansion is caused by both new and restored buildings.
Rising Plastic Production and Consumption with Increasing Sales Industry – In 2018, the United States produced 35.7 million tons of plastic.
Increasing Ceramic Sector Owing to Rising Use of Ceramics – India exported a record number of ceramics and glassware in 2021–2022, totaling USD 3,464 million.
Rising Urbanization with Digitalization and Migration of People to Cities – It is believed that China's permanent residency urbanization rate reached 64.72 percent in 2021, and from 2021 to 2025, the country intends to raise that rate to 65 percent.
Increasing Production of Sanitary Ware Products with Increasing Residential and Public Cleanliness – According to reports, the worldwide sanitary ware products market increased from 173 million pieces in 2020 to more than 206 pieces in 2021.
Challenges
The global feldspar and nepheline syenite market is segmented and analyzed for demand and supply by application into coatings and polymers, glass, ceramic, refractories, and others. Out of these, the glass segment is estimated to hold the largest market share by 2033. Glass is a transparent, non-crystalline, amorphous solid that has many uses in the packaging, construction, telecommunication, electronics, automotive, and transportation sectors. Owing to its capacity to refract, reflect, and transmit light, glass is largely utilized in lenses, windows, mirrors, and prisms. Further, the rising production and import-export of the glass are estimated to drive segment growth. It was found that in 2021, China exported glass and glassware of more than USD 23.80 billion. The increasing use of glass in the construction industry for windows, doors, ventilation, walls, and roofs improves the elegance of buildings.
The global feldspar and nepheline syenite market is also segmented and analyzed for demand and supply application into coatings and polymers, glass, ceramic, refractories, and others. Amongst these segments, the ceramic segment is expected to garner a significant share. The increasing use of ceramic in decorative items eating plates, bowls, and many household products is estimated to boost the market growth. As per the estimations, the consumption of ceramic tiles in 2021 in the United States was about 3 billion square feet of ceramic tile. The growing use of ceramic tiles, toilet seats, and other ceramic sanitary ware products such as wash basins, and bathtubs in both commercial and residential buildings. Also, the use of ceramics in industries such as chemical, pharmaceutical, beverages, food, and other sectors. The increasing number of laboratories, clinical institutions, and research and development institutions is also anticipated to boost market growth. The rising government initiatives to enhance public access to toilets to promote cleanliness and public facilities increase the demand for the ceramic industry.
Our in-depth analysis of the global feldspar and nepheline syenite market includes the following segments:
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By Type |
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By Application |
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By Functional Fillers |
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The Asia Pacific feldspar and nepheline syenite market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2033. The growth of the market can be attributed majorly to the favorable growth of end-user industries including ceramic, glass, automobile, and paint industries in the region, backed by the rising investment by key market players mainly in emerging economies such as China, India, Brazil, and Japan. For instance, China’s exports of ceramic products increased to USD 236 billion in August from 230 billion in July 2022. The increasing production of advanced ceramic products to protect ancient art and monuments and growing utilization in households are also estimated to propel the market growth. Also, people prefer ceramic products as they are eco-friendly and help to prevent the use of plastic at restaurants and hotels. Most hotels these days use ceramic plates and bowls to serve food, especially in Asian countries as it is a traditional way. Additionally, it is believed that pickles and any food items will stay longer when stored in ceramic vessels.
Further, the North American region is estimated to share the second largest market share during the forecast period. The increasing migrants, adoption of different cultures among people, and presence of nepheline deposits in the U.S. is expected to contribute to the market growth. The availability of key players and prominent production sectors is also estimated to drive the market growth as per the market analysis. The U.S. imported value of tiles was estimated to rise by more than 20% in the year 2021 reaching a value of USD 3 billion.
In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.
Ans: Increasing usage of glass and the booming construction sector are the main factors driving the growth of the feldspar and nepheline syenite market.
Ans: The market is anticipated to attain a CAGR of ~6% over the forecast period, i.e., 2023 – 2033.
Ans: Increasing environmental concerns regarding plastic usage and the growing recycling of glass products are anticipated to restrain the market growth.
Ans: The market in the Asia Pacific region is projected to hold the largest market share by the end of 2033 and provide more business opportunities in the future.
Ans: The major players in the market are SCR-Sibelco NV, I-Minerals Inc., The QUARTZ Corp., Covia Holdings LLC, Anglo Pacific Minerals (APM), Imerys, Pacer Minerals, LLC, ArrMaz Products Inc., Minerali Industriali S.r.l., FINETON Industrial Minerals Limited.
Ans: The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
Ans: The market is segmented by type, application, functional fillers, and by region.
Ans: The glass segment is anticipated to garner the largest market size by the end of 2033 and display significant growth opportunities.
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