Market Size of Andalusite Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 6.24 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Europe |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Andalusite Market Analysis
The Andalusite Market size is expected to grow from 372.28 kilo metric tons in 2023 to 503.86 kilo metric tons by 2028, at a CAGR of 6.24% during the forecast period (2023-2028).
Owing to the COVID-19 pandemic, nationwide lockdowns around the globe, disruptions in manufacturing activities and supply chains, and production halts negatively impacted the market. However, conditions started recovering in 2021, which is expected to restore the market's growth trajectory during the forecast period.
- The major factors driving the market's growth include the high consumption of andalusite in refractory product manufacturing.
- On the flip side, inconsistent supply and price of andalusite are likely to hinder the market.
- The refractories application is expected to dominate the market for andalusite during the forecast period.
