Market Overview
According to a recent study report published by the Market Research Future, The global market of Potassium Feldspars is projected to grow at a rapid pace during the forecast period (2019 – 2022). The Market is forecasted to demonstrate a significant growth by 2022; with a striking CAGR during forecast period 2019-2022. 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.
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Nepheline Syenite is the major substitute material of potassium feldspars. In glass and ceramics manufacture, nepheline syenite, like feldspar, provides alkalis that act as a flux to lower the melting temperature of a glass or ceramic mixture, prompting faster melting and fuel savings. In glass, nepheline syenite also supplies alumina, which gives improved thermal endurance, increased chemical durability, and increased resistance to scratching and breaking. Canada and Norway produced nepheline syenite for glass and ceramic use.
Potassium Feldspars are aluminium silicates abundant minerals group which contains potassium minerals with the linear formula KAlSi3O3. Potassium feldspars are a group of polymorphs, polymorphs being minerals that have the same chemical composition but slightly different crystal structures. Despite their different crystal structures, the potassium feldspars are very similar to one another in appearance such as orthoclase, sanidine and microcline.
Important Key Players For Potassium Feldspars Market
• Sibelco NV
• Gottfried Feldspat GmbH
• Quartz Corporation
• Minerali Industriali S.r.l.
• LB MINERALS Ltd.
• CVC Mining Company
• Purin Mineral Group Company Ltd.
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.
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Global Potassium Feldspars 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.
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