FELDSPAR MARKET ANALYSIS
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
Figure 2. Global Feldspar Market Revenue Share (%), By End-use, 2021
Feldspar Market Report Snapshots
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