Feldspar Market, by Type (Plagioclase Feldspar, and K-Feldspar), by End-use (Glass, Ceramics, Fillers, and Others), and by Region (North America, Latin America, Asia Pacific, Europe, Middle East & Africa) Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Published In : Nov 2022

Code : CMI4688

Pages :140

Formats :

Excel and PDF

Industry : Advanced Materials

Feldspar MarketSize and Trends

Global feldspar market was valued at US$ 564.69 Million in 2021 in terms of revenue, exhibiting a CAGR of 5.84 % during the forecast period (2022 to 2030).

Market Trends

Ceramic tiles are one of the most important materials consumed in the construction industry. Therefore, the expansion of the ceramic tile market depends on the increase in construction spending worldwide. The construction sector is experiencing significant expansion, mainly in APAC countries such as China, India, and Malaysia. China spent roughly US$ 1.9 trillion on construction (i.e. Buildings) in 2018. As a result, as the construction industry grows, so does the demand for ceramic tiles. Robust developments in the residential and commercial construction sectors will accelerate the sales of feldspar. In addition, feldspar’s use as a fluxing agent in manufacturing of glass products continues to bolster demand in the global market.

Figure 1. Global Feldspar Market Value Share (%), By Region, 2021