Market Trends of Feldspathic Minerals Industry
This section covers the major market trends shaping the Feldspathic Minerals Market according to our research experts:
Growing Usage in Glass Application
- Feldspar is an important ingredient in the manufacture of glass. It is alsoan important raw material, as it acts as a fluxing agent, reducing the melting temperature of quartz and helping to control the viscosity of glass. Fluxes reduce the melting temperature, so that less energy is used, and decrease the amount of soda ash needed. This greatly reduces the overall production costs in glass manufacture.
- However, feldspars are primarily added to glass batches for their alumina content, which improves its toughness, durability, and provides greater chemical resistance. The raw material for glass consists of silica sand, soda ash (sodium carbonate), and limestone (calcium carbonate). Feldspar acts as an additive to impart superior qualities to the process.
- Feldspars are not only used in the production of flat glass (windows, car glass), but also in the production of container glass. They are used primarily in manufacturing television and computer screens, car headlamps, fluorescent tubes, perfume bottles, soda bottles, pharmaceutical, or laboratory glass.
- Growing usage of glass in various industries, such as automotive and electronics, is expected to increase the demand for feldspar through the coming years.
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Europe to Dominate the Global Market
- Growing consumption of feldspar in Italy, Spain, Turkey, Poland, and Russia has led to the emergence of Europe as the leading consumer in the global market.
- Italy is the second-largest producer of feldspar minerals in the world, due to the rising demand in the country. The production capacity is expected to increase during the forecast period, as the demand for feldspar mineral in different industries, such as ceramics, glass, paints, enamel, etc., is increasing.
- The feldspathic minerals market in Spain is expected to grow, due to the increasing application of ceramics, glass, paints, etc., in industries, such as construction, automotive, glass manufacturing, etc., in the country.
- Turkey has nearly 60 different mining and metals, as well as 4,500 mineral deposits. The country is one of the leading producers and exporters of feldspar in the global market. It has large feldspar reserve, accounting for nearly 10% of the total global reserve.
- Such positive growth is expected to drive the European market, through the forecast period.
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