Feldspar Mining Market Characteristics
The feldspar mining market consists of sales of feldspar by entities (organizations, sole traders and partnerships) that mine feldspar from pegmatite or feldspathic sand deposits. Aplite, which is a fine-grained igneous rock with the same mineralogical composition as granite, also is mined frequently for its feldspar content.
Competitive Landscape of the Feldspar Mining Market
Major players in the global feldspar mining market include Imerys, Minerali Industriali, Sibelco, Sun Minerals, Quartz Corp.
Feldspar Mining Market Size
The feldspar mining market size is expected to reach a higher value by 2022, significantly growing at a steady CAGR during the forecast period. The growth in the feldspar mining market is due to increasing demand for mining, improving technologies and emerging markets.
However, the market for feldspar mining is expected to face certain restraints from several factors such as interest rate increases, workforce issues and safety.
Feldspar Mining Market Segmentation
The global feldspar mining market is further segmented based on type and geography.
By Type - The feldspar mining market is segmented into plagioclase, potassium.
By Geography - The global feldspar mining is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, the Western Europe feldspar mining market accounts the largest share in the global feldspar mining market.
Trends in the Feldspar Mining Market
Companies involved in feldspar mining are increasingly using low energetic production machines including dust cleaning machines to support the environmental duties and use less energy, is the major trend in the feldspar mining market.
Potential Opportunities in the Feldspar Mining Market
With increase in positive economic outlook, improved earning capacity, emerging markets growth, the scope and potential for the global feldspar mining market is expected to significantly rise in the forecast period.