Press Release / Business / Potassium Feldspars Market Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023

Potassium Feldspars Market Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023

The Market is forecasted to demonstrate a significant growth by 2022; with a striking CAGR during forecast period 2017-2022. The striking growth is attributed to the versatility of Potassium feldspars in its application  Potassium feldspars has found numerous application such as glass, ceramic & tiles, enamel frits and glazes, abrasives, and others. Increasing 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 neighbourhood recycling programs continued to provide additional competition for traditional raw materials, such as feldspar in the manufacture of glass containers. Feldspar also can be replaced in some of its end uses by electric furnace slag, clays, or talc. Potassium Feldspar Global market is driven by demand from APAC, Europe, South America and Middle East.
Industry/ Innovation/ Related News:
10 October 2017- Scientists from the Massachusetts Institute of Technology (MIT) has developed a new process of transforming potash feldspar into fertilizers. This new technology substitutes the use of expensive energy and water recrystallization processes. This new innovation is expected to boost the demand for the product from the agrarian economies of Latin America and Asia Pacific.
Prestigious Players of "Potassium Feldspars Market":
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)  are some of the prominent players at the forefront of competition in the Global Market of  Potassium Feldspars and are profiled in MRFR Analysis.
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Potassium Feldspars Global Market Competitive Analysis:
Commercially available feldspars tend to predominate in one specific mineral kind with lesser amounts of another and traces of others. Manufacturers can be found around the world and they usually do a good job of delivering uniform and clean products when one considers that feldspar deposits vary widely in composition and contain many impurities. Large quantities of feldspar are used in non-ceramic industry for instance; Cement, Agri.
In many countries feldspar companies draw upon the same mine year and year, marketing a brand name product that gains wide acceptance. In other countries such as India large feldspar suppliers do not even have mines, they buy raw product according to the chemistry and blend from different sources to achieve a specific product. Over time they change suppliers but through careful quality control their ceramic manufacturing customers often do not realize their feldspar is coming from different sources with different shipments. Increasingly customers are connecting with suppliers on other continents, not infrequently this has led to misunderstandings and delivery of bad or variable product.
Potassium Feldspars Global Market Segments:
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.
Segmentation By Application : Comprises Glass, Ceramic & Tiles, Enamel Frits and Glazes, Abrasives, and others.
Segmentation By Regions : Comprises Geographical regions - North America, Europe, APAC and Rest of the World.
Potassium Feldspars Global Market 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 Feldspar 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.
Asia pacific is expected to be the fastest growing region during the forecast years. The increasing Globalization and urbanization in the developing economies of the region has propelled the construction of residential and commercial infrastructure which is a dominant factor for the demand for Potassium Feldspars in the region. Moreover, the growing automobile industry in the region is substantially contributing to the growth of the market. India and China are the major countries contributing to the growth of the market in this region. Furthermore, Europe is anticipated to be the dominant market and is expected to show the same trend during the forecast years. The presence of the largest producers of potassium feldspar such as Italy, Poland, Germany and Czech Republic among others. The Middle Eastern market of potassium feldspar is also anticipated to show a considerable growth during the forecast years. Turkey being the major producer in the region coupled with the growing demand from the automobile and construction industry are the dominant factors contributing to the market growth.
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The report about Global Potassium Feldspars Market by Market Research Future comprises of extensive primary research along with detail analysis of qualitative as well as quantitative aspects by various industry experts and key opinion leaders to gain a deeper insight of the market and industry performance. The report gives a clear picture of the current market scenario which includes past and estimated future market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report further provides detail information about strategies used by top key players in the industry. It also gives a broad study about different market segments and regions.