Market Highlights:
Potassium feldspar is naturally found as mineral form. The chemical name for potassium feldspar is potassium aluminium silicates. Microcline and orthoclase are the most common forms. The raw mineral form is processed by industrial treatment process. The end product constitutes alumina and potassium as per the targeted application. The prominent end user industries include glass industry, ceramic industry, electrodes, and refractories. Apart from these industries, the potassium feldspar is used in major high end applications namely, sanitary ware and fillers & glazes.
The increasing use in automotive glass manufacturing along with increasing production of automobiles in Middle East is estimated to be one of the significant factor driving market demand over the forecast period. Apart from this factor, growing demand from abrasives and electrode manufacturers is also significant driver for the overall market.
It is widely used in manufacturing of welding electrodes, it acts a flux and prevents aerial oxidation, and thus, protecting the molten metal, owing to its advantage it is widely used by welding electrodes manufacturers in powdered form. Apart from the electrodes, it is also used as a key element in manufacturing of mild abrasives and bonding agents for abrasive wheels. Thus, augmented demand for K-Feldspar among the electrodes and abrasives can be attributed to the K-Feldspar’s market growth.
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Major Players:
United Mining Investments Co
The Quartz Corp
Sisecam Group
Kaolin Industrial Minerals San. And Tic. Inc
Imerys Seramik Hammaddeleri San.Ve Tic.A.Ş
Gensa Kimya Sanayi Ve Ticaret A.S
Polat Maden Sanayi Ve Ticaret A.S
Regional Analysis:
Turkey has captured more than 7.3% of the total market share due to the high demand for k-feldspar in the region. A prominent ceramics and glass making industries in the region are large consumers of potassium feldspar. The regional market is slated to retain its head position in the market over the forecast period. Turkey is followed in market size by Israel. However, the GCC region which holds a share of 7% of the market is poised to witness at the highest CAGR which is likely to culminate in drastic growth for the market.
Countries in the GCC such as U.A.E, Qatar, and Saudi Arabia are rapidly emerging market in the Middle East with many large construction projects being initiated in order to develop core infrastructure as well as commercial and residential construction activities to support growing populations in these countries. This is expected to result in a high demand for k-feldspar, particularly in glassmaking and ceramic activities.
Key findings
- Turkey is the major consumer and producer of the MEA K-feldspar market and is estimated to account for more 70% consumption in overall MEA feldspar consumption
- The opportunity for high quality feldspar (625 mesh) is increasing in MEA market owing to increasing penetration in high-end application markets .
- C.C. country market is anticipated to be the fastest growing market after Turkey growing with a CAGR of 3.2% over the forecast period.
Market Segmentation:
Segmentation of the Middle East K-feldspar Market has been performed in MRFR’s market on the basis of region/countries. Regions included in the report are Turkey, Israel, G.C.C, and the rest of the Middle East.
The report for Middle East K-Feldspar market of Market Research Future comprises extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different markets segments and regions.
Intended Audiences:
- MEA K-Feldspar manufacturers
- MEA K-Feldspar suppliers
- K-Feldspar raw material suppliers & manufacturers
- Research and development Laboratories
- Market Research and Consulting Service Providers
Table Of Contents:
FIGURE 1 RESRARCH PROCESS OF MRFR
FIGURE 2 TOP DOWN & BOTTOM DOWN APPROACH
FIGURE 3 FORECAST MODEL
FIGURE 4 MIDDLE EAST POTASSIUM FELDSPAR MARKET SNAPSHOT, BY COUNTRY/REGION, 2014-2022
FIGURE 5 GLOBAL K-FELDSPAR MARKET HISTORICAL PRICE (2010-2016)
FIGURE 6 GLOBAL K-FELDSPAR MARKET PRICE FORECAST, BY REGION (2016-2022)
FIGURE 7 MIDDLE EAST POTASSIUM FELDSPAR MARKET, BY REGION
FIGURE 8 MIDDLE EAST POTASSIUM FELDSPAR MARKET FORECAST (‘000 MT)
FIGURE 9 MIDDLE EAST POTASSIUM FELDSPAR MARKET, BY COUNTRY, 2016-2022 (USD MILLION)
FIGURE 10 MIDDLE EAST POTASSIUM FELDSPAR MARKET FOR TURKEY, (2016-2022) (USD MILLION)
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