The Feldspar Market Is Set To Grow At More Than 4% Rate Due To The Rising Demand From Automotive Industry - By The Business Research Company

Avail a limited period discount of 33% on our uniquely designed Opportunities and Strategies market research reports. Contact us today and make winning strategies.

LONDON, Nov. 17, 2022 /PRNewswire/ -- Increasing demand for automotive vehicles is expected to propel the growth of the feldspar market going forward. The automotive industry is the production and sales of vehicles. Feldspar is used for automotive glass manufacturing which is crucial in the automotive industry, as a result, the demand for feldspar increases with the demand for the automotive industry. For example, 2021, according to the European Automobile Manufacturers Association, Belgium-based European Union, in the first three-quarters of 2021, car registrations across the EU climbed 6.6% and are expected to reach 7.5 million units in the coming years. Therefore, increasing demand for automotive vehicles is driving the feldspar market.  

The global feldspar market size is expected to grow from $1.14 billion in 2021 to $1.24 billion in 2022 at a compound annual growth rate (CAGR) of 9.5%. The global feldspar market growth is expected to reach $1.49 billion in 2026 at a compound annual growth rate (CAGR) of 4.6%.

Request a free sample of the Feldspar Market Report

3D Mine Visualizer – A Key Trend In The Feldspar Market

The feldspar market companies are using 3D mine visualizers to obtain a real-time digital model of a mine. A 3D mine visualizer generates a three-dimensional model of the mine layout and transfers it directly to the operator. With a web-based interface, information about the model is available with any connected device. It offers a full record and playback capabilities in 3D, allowing operators to review and analyze historical data to improve productivity and identify best practices. 3D mine visualizers significantly enhance the productivity of large mining environments. It is a valuable tool in operations planning, analyzing problematic areas, and tracking mine development over time.

Feldspar Market Segments

The global feldspar market is segmented -

1. By Type: Plagioclase, and Potassium
2. By Mining Type: Underground Mining, Surface Mining

Western Europe Was The Largest Region In The Feldspar Market In 2021

As per the feldspar market forecast, Western Europe was the third largest region in the feldspar market and was worth $520.8 million in 2021. The market accounted for 2.70% of the region's GDP. In terms of per capita consumption, the market accounted for $1,228.0, $751.0 higher than the global average. The Western Europe feldspar market accounted for 2.6% of the region's general minerals market in 2021.

The feldspar mining market in Western Europe is supported by the increasing investment in the construction sector. According to the European Construction Industry Federation, construction investment climbed by 5.2% in 2021 to reach €1.6 trillion ($1.6 trillion), or 11.1% of EU GDP.

See more on the Feldspar Market Report

Check out similar market reports:

Automotive Engineering Services Global Market Report 2022 – By Vehicle Type (Passenger Cars, Commercial Vehicles), By Service Type (Concept/Research, Designing, Prototyping, System Integration, Testing), By Location Type (On-Shore, Off-Shore), By Application (Electrical, Electronics And Body Controls, ADAS And Safety, Chassis, Connectivity Services, Powertrain And Exhaust, Interior, Exterior, And Body Engineering, Simulation) – Market Size, Trends, And Global Forecast 2022-2026

Mining Global Market Report 2022 – By Type (Mining Support Activities, General Minerals, Stones, Copper, Nickel, Lead, And Zinc, Metal Ore, Coal, Lignite, And Anthracite), By Process (Underground Mining, Surface Mining), By Service Provider (Independent Contractors, Companies) – Market Size, Trends, And Global Forecast 2022-2026

General Minerals Global Market Report 2022 – By Type (Potash, Salt, Magnesite, Sulfur, Kaolin, Asbestos, Feldspar, Boron, Gypsum, Talc, Graphite, Baryte, Bentonite, Diatomite, Lithium, Selenium, Perlite, Vermiculite, Arsenic, Other General Minerals), By Organisation Size (Large Enterprises, Small And Medium Enterprises), By Service Provider Type (Independent Contractors, Companies) – Market Size, Trends, And Global Forecast 2022-2026

Interested to know more about The Business Research Company?

The Business Research Company is a market intelligence firm that excels in company, market, and consumer research. Located globally, it has strategy enablement specialists in a wide range of industries including manufacturing, healthcare, financial services, chemicals, and technology.

The World's Most Comprehensive Database

The Business Research Company's flagship product, Global Market Model, is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps.

Contact Information

The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: info@tbrc.info
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: http://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/

Logo: https://mma.prnewswire.com/media/1751581/tbrc_logo.jpg