PUBLISHER: The Business Research Company | PRODUCT CODE: 1672349
PUBLISHER: The Business Research Company | PRODUCT CODE: 1672349
Feldspar is extracted through the mining process from pegmatite or feldspathic sand deposits. Aplite, a fine-grained igneous rock with the same mineralogical composition as granite, is also commonly mined for its feldspar content.
The primary types of Feldspar are plagioclase and potassium. Plagioclase refers to any member of the series of abundant feldspar minerals characterized by light-colored, glassy, transparent to translucent, and brittle crystals. End-users of Feldspar include industries involved in glass, ceramics, and fillers. Mining methods encompass both underground mining and surface mining, utilizing various equipment such as excavators, robotic trucks, drills, breakers, and load haul dumps. Additionally, the components involved in the process comprise hardware, software, and services.
The feldspar market research report is one of a series of new reports from The Business Research Company that provides feldspar market statistics, including feldspar industry global market size, regional shares, competitors with a feldspar market share, detailed feldspar market segments, market trends and opportunities, and any further data you may need to thrive in the feldspar industry. This feldspar market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The feldspar market size has grown rapidly in recent years. It will grow from $5.43 billion in 2024 to $6.07 billion in 2025 at a compound annual growth rate (CAGR) of 11.9%. The growth in the historic period can be attributed to increasing demand for ceramic tiles, increasing demand for electronic products, and growth in glass manufacturing.
The feldspar market size is expected to see rapid growth in the next few years. It will grow to $8.91 billion in 2029 at a compound annual growth rate (CAGR) of 10.0%. The growth in the forecast period can be attributed to rapidly increasing demand for automotive vehicles, the growing construction sector, and rapid urbanization. Major trends in the forecast period include innovative programs for the development of feldspar, using mining vibration screen technology, using 3d mine visualizers adopting HPY sorting technology, and developing renewable feldspar.
The growth of the feldspar mining market is closely tied to the rising demand for automotive vehicles. Feldspar plays a critical role in the production of automotive glass, making it essential for the automotive industry. As vehicle production increases, so does the need for feldspar. According to the Organisation Internationale des Constructeurs d'Automobiles (OICA), global automotive production reached approximately 93,546,599 units in 2023, up from about 85,016,728 units in 2022. This significant increase indicates a robust recovery and growth in the automotive sector, which in turn drives higher demand for materials like feldspar. As manufacturers seek to meet the rising demand for vehicles, the feldspar mining market is expected to experience substantial growth in the coming years.
The feldspar mining market is poised for growth due to the expanding construction sector. With the construction industry involved in creating, maintaining, and repairing infrastructure, residential, and non-residential buildings, feldspar plays a crucial role in manufacturing construction materials and tiles. Its applications in abrasives, adhesive bonding agents, glass fibers, enamel lacquerware, and welding rods contribute to the rising demand for feldspar in construction. A forecast by Global Construction Perspectives and Oxford Economics suggests that by 2030, global construction production is expected to increase by 85% to $15.5 trillion. This growth, driven by key contributors such as China, the United States, and India, underscores the significant impact of the construction sector on the feldspar mining market.
The feldspar mining market is poised for growth due to the increasing demand from the glass manufacturing sector. Feldspar is a crucial raw material in glass production, acting as a fluxing agent and providing essential components like alumina, silica, and alkali. This helps lower the melting point of glass, making the production process more efficient. According to BizVibe, the global glass manufacturing industry was valued at over $100 billion in September 2023 and is projected to grow at a compound annual growth rate (CAGR) of 5.2% from 2022 to 2030. This expansion reflects a rising demand for various glass products, which directly correlates with the need for feldspar. Additionally, advancements in solar technology are driving interest in glass products, though traditional solar panels currently have a 20% efficiency rate, with newer solar glass achieving only 5%-10%. As the industry seeks improvements in efficiency and product quality, the demand for feldspar is likely to rise, further supporting growth in the feldspar mining market.
Major companies in the feldspar market are increasingly focused on enhancing product quality and adopting sustainable sourcing practices to address the rising demand across various industries, including ceramics, glass, and construction. For example, in January 2024, Techtree Innovation, a South Korea-based company known for its expertise in 3D geospatial visualization, launched the AROUND platform. This new platform utilizes high-precision 3D geospatial mapping technology to create detailed and accurate three-dimensional representations of geographic areas, achieving precision within 5 centimeters. The AROUND platform enhances the quality and accuracy of existing 3D maps, providing critical data for applications in transportation, including simulations for aircraft and autonomous vehicles. This advancement not only supports industries reliant on accurate mapping and visualization but also reflects a broader trend in the feldspar market toward leveraging innovative technologies to improve product quality and operational efficiency. As demand continues to grow, such initiatives are essential for maintaining competitiveness and meeting the evolving needs of various sectors.
Major companies operating in the feldspar market include Imerys S.A., Sibelco, EczacIbasI Group, Quarzwerke GmbH, The Quartz Corporation, Gimpex Ltd., Minerali Industriali, Kaltun Madencilik Sanayi ve Ticaret, LB MINERALS, Ltd., Mahaveir minerals, Hindalco Industries, Vedanta Ltd, Sun Minerals, Ceraclique, Global Minechem Corporation, Zijin Mining Group Company Limited, CMOC Group Ltd, Komatsu, Glencore, Esan, Micronized Group, RAK Ceramics, Kajaria Ceramics Limited, Ceramica Carmelo For, Pamesa Ceramica, Kohler Co., LIXIL Group Corporation, Villeroy & Boch, Duravit AG, Duratex SA, Wasit Group, Ma'aden, Syrah Resources Saudi Arabia LLC, Durer Refrakter Malzemeleri Sanayi Ve Ticaret A.S., MARMARA METAL MAMULL.TIC.A.S., United Mining Investments Co., Sisecam Group, Kaolin Industrial Minerals San
Western Europe was the largest region in the feldspar market in 2024. The regions covered in the feldspar market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the feldspar market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
The feldspar market includes revenues earned by entities by providing mining services through the froth flotation process and conventional open-pit mining method. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Feldspar Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on feldspar market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for feldspar ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The feldspar market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.