Potassium Feldspars Market Growth Model of Top 10 Companies, Potential Investor

Posted by Priya on October 8th, 2018

Potassium Feldspars Market Overview to 2022

Potassium Feldspar market is a lucrative market and is expected to have a steady growth during the forecast years. Potassium feldspar are aluminum silicates mineral group which consists of potassium minerals. The prominent constituent of potassium feldspar are alkali and alumina. The growing demand from the various application sector is the major factor driving the global market of potassium feldspar. Properties such as heat & chemical resistance paves its many into many application sectors.

Top 10 Global Key Players

Key players of the global high potassium feldspars market are 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.

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The growing demand from construction and automotive industry among others is also contributing substantially to the growth of the market. The global market of Potassium Feldspar is segmented on the basis of application and region. On the basis of the application the market is segmented into glass, abrasives, ceramic & tiles, enamel frits & glazes, among others. Among the application segment glass, ceramic and tiles segment is expected to witness the highest growth. The growing construction sector coupled with the increasing use in the manufacture of automotive glass are attributing to the growth of the segment.

Potassium feldspars has found in various application such as glass, ceramic & tiles, enamel frits and glazes, abrasives, and others. Increasing in demand of growing glass industry and ceramic & tiles industry will boost the market of potassium feldspars another growing segment in the glass industry is solar glass which is used in the production of solar cells. Additionally, increasing use of post-consumer glass collected through local government and neighborhood recycling programs continued to provide additional competition for traditional raw materials, such as feldspar in the manufacture of glass containers.

Potassium feldspars are aluminum silicates abundant minerals group which contains potassium minerals with the linear formula KAlSi3O3. Potassium feldspars are a group of polymorphs, polymorphs being minerals that have the same chemical composition but slightly different crystal structures. Despite their different crystal structures, the potassium feldspars are very similar to one another in appearance such as orthoclase, sanidine and microcline. These species are never found in pure form in nature they always available in mixture form.

Segment Analysis

The global potassium feldspar market is majorly segmented on the basis of application and region. Based on application market is segmented into glass, ceramic & tiles, enamel frits, and glazes, abrasives, and others. Glass and ceramic industries including applications like appliances, containers and building construction, continued to be the highest end use of feldspar in the China and United States. Most potassium feldspar consumed by the glass industry is for the manufacture of container glass, drinking glass, fiber glass for insulation. Global market potassium feldspar is driven by demand from APAC, Europe, South America and Middle East.

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Regional Analysis

Geographically, Europe is a major global producer of potassium feldspar largely due to increased production from Italy, the second largest producer in the world after Turkey. Feldspar market growth is expected in the Asia Pacific region on account of the booming industries such as glass industries, ceramic industries. China being largest producer and consumer of potassium feldspars dominates the market segment. Huge demand in various application such as glass, ceramic & tiles, enamel frits and glazes, abrasives, and others likely to drive the potassium feldspars market growth. Growing demand for glass industries, ceramic industries in China, India, and Indonesia has boosted the potassium feldspars market demand.