| Product Code: ETC092863 | Publication Date: Jul 2023 | Product Type: Report | ||
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
The India feldspar market import shipment experienced a substantial decline with a CAGR of -37.7% from 2020 to 2024. However, the rate of decline lessened in the period between 2023 and 2024, showing signs of potential stabilization despite continued negative growth.
The India feldspar market is projected to witness a CAGR of 3.8% during the forecast period.Feldspar is a naturally occurring mineral, which has several uses in various industries such as ceramics, glass, constructions and others. The key drivers for the growth of the India feldspar market include growing demand from ceramic applications due to increasing construction activities and government initiatives for promoting ceramic industry. Additionally, rising demand from glass manufacturing industry for producing quality glasses with low melting point requirements will further drive the India feldspar market in future.
Increasing Demand for Ceramics: The demand for feldspar in the ceramic industry is growing at a steady pace due to its properties such as low thermal expansion and high brightness which makes it suitable for use in tile and sanitary ware products. This has been driving the growth of the India Feldspar market. Growing Automobile Industry: India automotive industry is one of the largest in the world, making it a major consumer of feldspar used as an additive material to strengthen engine components such as pistons, cylinders, and connecting rods. This factor has been contributing to an increased demand for feldspar in India over recent years thus increasing its market share.
However there still remain some challenges associated with this market such as fragmentation among small scale mines located across multiple regions coupled with lack of proper infrastructure or operational guidelines often leading towards environmental degradation along with scarcity issues when they come under pressure unexpectedly due to unforeseen events. There is also lack quality control tools available at disposal resulting uncertainty among buyers on long term supply , pricing & reliability factor. Last but not least presence counterfeit product can easily mislead customers by offering below par performance specifications & poor durability features.
Some major players operating in India Feldspars Market are Hindalco Industries Ltd., Khetan Group, Ashapura Minechem Limited., Imerys Ceramics India Pvt Ltd., Akshay Minerals Private Limited among other leading companies
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Feldspar Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Feldspar Market Revenues & Volume, 2021 & 2031F |
3.3 India Feldspar Market - Industry Life Cycle |
3.4 India Feldspar Market - Porter's Five Forces |
3.5 India Feldspar Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Feldspar Market Revenues & Volume Share, By End-users, 2021 & 2031F |
4 India Feldspar Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for feldspar in the ceramics and glass industries due to its properties such as hardness, chemical inertness, and high melting point. |
4.2.2 Growth in the construction sector in India, leading to higher demand for feldspar in the production of tiles, sanitary ware, and glass. |
4.2.3 Rising utilization of feldspar in the manufacturing of paints, coatings, and plastics, driven by the expanding industrial and infrastructure activities in the country. |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials and energy costs impacting the production and pricing of feldspar products. |
4.3.2 Environmental concerns and regulations regarding mining activities and extraction processes in India affecting the supply chain of feldspar. |
4.3.3 Competition from alternative materials and substitutes that offer similar properties at a lower cost, posing a challenge to the growth of the feldspar market. |
5 India Feldspar Market Trends |
6 India Feldspar Market, By Types |
6.1 India Feldspar Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Feldspar Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 India Feldspar Market Revenues & Volume, By Plagioclase feldspar, 2021-2031F |
6.1.4 India Feldspar Market Revenues & Volume, By K-feldspar, 2021-2031F |
6.2 India Feldspar Market, By End-users |
6.2.1 Overview and Analysis |
6.2.2 India Feldspar Market Revenues & Volume, By Glassmaking, 2021-2031F |
6.2.3 India Feldspar Market Revenues & Volume, By Ceramics, 2021-2031F |
6.2.4 India Feldspar Market Revenues & Volume, By Pottery, 2021-2031F |
6.2.5 India Feldspar Market Revenues & Volume, By Others, 2021-2031F |
7 India Feldspar Market Import-Export Trade Statistics |
7.1 India Feldspar Market Export to Major Countries |
7.2 India Feldspar Market Imports from Major Countries |
8 India Feldspar Market Key Performance Indicators |
8.1 Export-import data of feldspar to gauge the international trade dynamics and demand trends. |
8.2 Number of new product developments or innovations in feldspar applications to assess market evolution and technological advancements. |
8.3 Adoption rate of feldspar in emerging sectors like pharmaceuticals, agriculture, or electronics to identify potential growth opportunities. |
9 India Feldspar Market - Opportunity Assessment |
9.1 India Feldspar Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Feldspar Market Opportunity Assessment, By End-users, 2021 & 2031F |
10 India Feldspar Market - Competitive Landscape |
10.1 India Feldspar Market Revenue Share, By Companies, 2024 |
10.2 India Feldspar Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |