Potassium Feldspars Market, Potassium Feldspars Industry
Potassium Feldspar Market Analysis
Potassium Feldspar market is a lucrative market and is expected to have a steady growth during the forecast years. Potassium feldspar are aluminum silicates mineral group which consists of potassium minerals. The prominent constituent of potassium feldspar are alkali and alumina. The growing demand from the various application sector is the major factor driving the global market of potassium feldspar. Properties such as heat & chemical resistance paves its many into many application sectors. The growing demand from construction and automotive industry among others is also contributing substantially to the growth of the market.
The global market of Potassium Feldspar is segmented on the basis of application and region. On the basis of the application the market is segmented into glass, abrasives, ceramic & tiles, enamel frits & glazes, among others. Among the application segment glass, ceramic and tiles segment is expected to witness the highest growth. The growing construction sector coupled with the increasing use in the manufacture of automotive glass are attributing to the growth of the segment.
According to the analysis of MRFR, the major market forces and trends driving growth of the global Potassium Feldspar Market includes growth of glass industry and the burgeoning growth in the automobile industry. Moreover, the increasing personal disposable income in the developing economies throughout the globe has augmented the construction activities especially in India and china which in turn is further expected to fuel the growth of the global potassium feldspar market during the forecast period.
Top Key Players
Sibelco NV (Europe), Gottfried Feldspat GmbH (Germany), Quartz Corporation (Europe), Minerali Industriali S.r.l. (Europe), LB MINERALS, Ltd. (Europe), CVC Mining Company (India), Gensa Kimya Sanayi Ve Ticaret A.S. (Turkey) and Purin Mineral Group Company Ltd. (Thailand) among others are some of the prominent players at the forefront of competition in the global Potassium Feldspar Market and are profiled in MRFR Analysis.
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Asia pacific is expected to be the fastest growing region during the forecast years. The increasing Globalization and urbanization in the developing economies of the region has propelled the construction of residential and commercial infrastructure which is a dominant factor for the demand for Potassium Feldspars in the region.
Moreover, the growing automobile industry in the region is substantially contributing to the growth of the market. India and China are the major countries contributing to the growth of the market in this region.
Furthermore, Europe is anticipated to be the dominant market and is expected to show the same trend during the forecast years. The presence of the largest producers of potassium feldspar such as Italy, Poland, Germany and Czech Republic among others.
The Middle Eastern market of potassium feldspar is also anticipated to show a considerable growth during the forecast years. Turkey being the major producer in the region coupled with the growing demand from the automobile and construction industry are the dominant factors contributing to the market growth.
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