Feldspar and Nepheline Syenite Market: Introduction
Transparency Market Research delivers key insights on the global feldspar and nepheline syenite market. In terms of revenue, the global feldspar and nepheline syenite market is estimated to expand at a CAGR of 4.35% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecast in its report on the global feldspar and nepheline syenite market.
The global feldspar and nepheline syenite market is broadly affected by several factors, including usage of feldspar and nepheline syenite in the glass industry. Rise in demand for feldspar and nepheline syenite in the construction industry is also propelling the global feldspar and nepheline syenite market.
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Feldspar and Nepheline Syenite Market: Dynamics
The usage of nepheline syenite in powder coating applications is increasing. Nepheline syenite is a holocrystalline plutonic rock, which consists of nepheline and alkali feldspar.
Calcium carbonate and barium sulfate are extensively utilized as fillers in the powder coating process. Nepheline syenite offers superior flatting efficiency as compared to calcium carbonate and barium sulfate. It also offers enhanced pellet flow due to its characteristics such as low oil absorption, optimum particle size, and ease of mixing. Nepheline syenite offers improved abrasion resistance and allows for low melt viscosity as a filler in powder coating application.
Powder coating is used in a wide range of applications in automotive, consumer durables, aerospace, and marine & fabrication industries, as a functional protective layer and decorative layer on the substrate of product or equipment. Powder coating offers improved tribological properties to appliances and equipment.
Increase in automotive production and demand for general industrial products are projected to be a major factor boosting the demand for powder coating process. This, in turn, is anticipated to create lucrative opportunities for the feldspar & nepheline syenite market.
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Feldspar and Nepheline Syenite Market: Prominent Regions
Based on region, the global feldspar and nepheline syenite market has been segmented into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. Europe dominated the global feldspar and nepheline syenite market in 2020. The region is expected to maintain its dominance during the forecast period. Rapid and steady expansion of the feldspar & nepheline syenite market in Europe is driven by the glass industry.
The expansion of the feldspar & nepheline syenite market in Asia Pacific can be ascribed to an increase in consumption of paints & coating in the region. Feldspar & nepheline syenite serves the purpose of fillers in manufacturing of pigment. Paints & coating have a wide range of applications in automotive, construction, aerospace, marine, and fabrication industries.
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Feldspar and Nepheline Syenite Market: Key Players
The global feldspar and nepheline syenite market has been fragmented with the presence of a large number of players. Key players operating in the global feldspar and nepheline syenite market are Anglo Pacific Minerals, Covia Holdings LLC., The QUARTZ Corp, Esan, Imerys, Pacer Minerals, LLC, Minerali Industriali S.r.l., I-Minerals Inc., Sibelco, and ArrMaz.
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