Global Feldspar Market size was valued at USD 1.93 Billion in 2024 and is expected to reach USD 2.94 Billion by 2033, at a CAGR of 4.8% during the forecast period 2024 – 2033.
Feldspar Market: Overview
Feldspar is a naturally occurring alumino-silicate mineral that contains varying amounts of potassium, sodium, calcium, and/or lithium. The feldspar group of minerals is by far the most abundant group of minerals in the Earth’s crust, making up about 50% of all rocks.
The global feldspar market is driven by factors such as increasing usage of feldspar in glass and ceramic manufacturing, growing demand for ceramic tiles in emerging economies, and growing usage of feldspar as fillers in various applications. The growing glass manufacturing across the globe is expected to boost the consumption of feldspar because feldspar is mainly used as raw material in the manufacturing of glass.
Increasing demand for ceramic tiles is expected to drive the consumption of feldspar during the forecast period. In Ceramic manufacturing, feldspar is the second most important ingredient after clay. Feldspar improves the durability, strength and toughness of the ceramic products. For instance, China has the world’s largest construction industry.
However, factors such as a lack of universal directives about the usage of feldspar, stringent regulations on the mining of feldspar, easy availability of substitutes, and increasing recycling rates of glass and ceramics are restraining the market growth.
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The global feldspar market is segmented by type, application and region. By type, microcline held the highest market share in 2022 and is expected to keep its dominance during the forecast period 2024-2032. Microcline feldspar is easily available and utilized in a variety of applications such as glass and ceramic manufacturing.
By Application, glass application held the highest market share in 2022 and is expected to keep its dominance during the forecast period. Increasing production of glass across the globe is expected to propel the demand for feldspar in glass manufacturing, which in turn drives the growth of this segment. The demand for glass packaging is increasing in food & beverages, personal care & cosmetic industry due to consumer preferences for safe packaging solutions.
By region, the global feldspar market is segmented into North America, Asia Pacific, Europe, MEA and Latin America. Among all these regions, Asia Pacific held the highest market share in 2022 and is expected to keep its dominance during the forecast period.
Key factors driving the Feldspar market include the booming building and construction, automotive industry, rapid urbanization necessitating infrastructure development, and increasing demand for glass and ceramic tiles, which in turn drive the demand for feldspar.
North America held the second largest market share in 2022 and is expected to keep its dominance during the forecast period. The U.S. and Canada are key contributors to the market growth of this region.
Custom Market Insights has comprehensively analyzed Feldspar market. The driving forces, restraints, challenges, opportunities, and key trends have been explained in depth to depict depth scenarios of the market. Segment wise market size and market share during the forecast period are duly addressed to portray the probable picture of this Feldspar industry.
The competitive landscape includes key innovators, after market service providers, market giants as well as niche players are studied and analyzed extensively concerning their strengths, weaknesses as well as value addition prospects. In addition, this report covers key players profiling, market shares, mergers and acquisitions, consequent market fragmentation, new trends and dynamics in partnerships.
List of the prominent players in the Feldspar Market:
- Adolf Gottfried Tonwerke GmbH
- Ceramica Carmelo Fior
- Duratex SA
- Duravit AG
- Eczacibasi
- Esan
- Imerys Minerals
- I-Minerals Inc.
- Kohler Co.
- LB MINERALS Ltd.
- LIXIL Group Corporation
- Micronized Group
- MOHAWK CARPET LLC
- Pamesa Ceramica
- Quarzwerke GmbH
- RAK Ceramics
- Sibelco Nordic
- Sun Minerals
- The Quartz Corporation
- Villeroy & Boch
- Others
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