The global feldspar market is expected to be driven by demand from ceramic and glass industries. Feldspar mines are found across Europe in countries such as Poland, Germany, Ukraine, Turkey Czech Republic and Slovakia. In 2013, Turkey and Italy were the largest feldspar producing countries. Feldspar is one of the most abundant minerals found within the earth’s crust. Feldspar’s chemical constituents include alumina, alkalis such as potassium oxide and sodium oxide, along with some trace elements such as iron oxide. Presence of alumina provides for increased resistance to chemical corrosion, while alkalis provide heat resistance. Owing to these characteristics, feldspar has several industrial application viz., as a raw material in glass & ceramics, coating for welding rods and as extenders and fillers in paint industry. Some feldspar product types include orthoclase, sanidine, albite, oligoclase, anorthite, bytownite, and potassium feldspar (K-spar).
Major feldspar market expansion is expected in the Asia Pacific region on account of the booming construction industry, which would translate into increased demand for glass and ceramics products in the region. India, China and Indonesia are expected to be the major contributors to demand growth in the region. Revival of the U.S. economy and the resulting increase in demand for real estate would exert demand pressures on ceramic industries, which further would expand North American market for feldspar. Russia being a growing economy has a significant demand for ceramic and glass products. However, increasing trade sanctions on Russia and the resulting downturn of the Russian economy is expected to restrain European feldspar market. Increasing government regulations on the mining industry across North America and Europe is expected to hamper feldspar production in the region. As a result feldspar producers of Asia Pacific are expected to gain global market share. Volatility in fuel prices and the resulting increase in mining and logistic costs is anticipated to restrain global feldspar production.
Key players present in the global feldspar market include I-Minerals Inc., Quarzwerke GmbH, Adolf Gottfried Tonwerke GMbH, Eczacibasi Esan, LB Minerals, U.S. Silica Company, El Waha Mining & Fertilizers, SP Minerals, SCR-Sibelco NV, Granite Rock Company, Imerys S.A. and Feldspar Corp.
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FDA, in particular, has relaxed the nutrition labeling of products which is expected to aid in increasing the distribution of packaged foods by restaurant operators leading to the optimum supply chain of products to consumers. Furthermore, food safety testing and processing industries are expected to function at full capacity owing to consumers stock-piling goods during the COVID-19 lockdown. The report will account for Covid19 as a key market contributor.