ACCESS Newswire
24 Mar 2020, 19:01 GMT+10
Superior properties of feldspar such as chemical inertness, resistance to heat, and low melting point are contributing to the growth of the market.
DUBAI, UAE / ACCESSWIRE / March 24, 2020 / The global feldspar market is expected to grow at CAGR of 5.5% over the forecast period 2019-2029. Increasing demand for glass and ceramic products, fillers in the paint industry, and coatings for welding rods are the major factors augmenting the feldspar market. In addition, rising need for electronics and an increasing number of construction activities are some of the other dynamics that will continue to raise the demand for feldspar.
'Potassium feldspar is gaining significant traction due to strong global focus on harnessing solar energy. K-feldspar is widely used in solar glass in order to produce solar cells. Additionally, rising use of post-consumer glass gathered via local and neighborhoodgovernment recycling agendas will continue to elevate the competition for raw materials including feldspar in the glass industry,' says FMI analyst.
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Feldspar Market - Key Takeaways
Feldspar Market - Key Driving Factors
Feldspar Market - Key Restraints
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Competitive Landscape
The feldspar market is extremely consolidated. Major frontrunners are focusing on increasing the mining of feldspar and their export to other countries where the demand for manufacturing of glass and ceramics is high. To stay ahead of the line, manufacturers are targeting to change pricing strategies. For instance, in 2019, QUARTZ Corp's declared that they would increase the prices of feldspar by 5% to 10% since 1st January 2020.
More About the Report
The FMI's market research report of 300 pages offers comprehensive insights into acute kidney injury treatment market. The market is analyzed on the basis of product (K-feldspar and plagioclase feldspar), application (glass, ceramics, construction, decorative, and electrical) and across seven key regions (North America, Latin America, Europe, East Asia, South Asia & Pacific, and MEA).
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About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centers in the U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition.
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SOURCE: Future Market Insights
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