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Tuesday, May 25, 2021

Global Nepheline Syenite Market to be driven by demand for glass and ceramics in the Forecast Period of 2021-2026

The new report by Expert Market Research titled, ‘Global Nepheline Syenite Market Price, Trends, Growth, Analysis, Report and Forecast 2021-2026’, gives an in-depth analysis of the global nepheline syenite market, assessing the market based on its segments like form, application, and major regions like North America, Europe, Asia Pacific, Latin America, Middle East and Africa. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on the request sample report. The sample report shall be delivered to you within 24 hours.

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The key highlights of the report include:

Market Overview (2016-2026)

• Historical Market Size (2020): 5062 thousand metric tons

The market for nepheline syenite has seen substantial growth due to factors such as process optimization and environmental regulations. Also, increased knowledge across different industries offers an enormous market opportunity for key players in the nepheline syenite market. Owing to the reduction of viscosity in the production process, the inclusion of nepheline syenite in the glass-making process makes the end-product stronger. Its peculiar composition (greater content of alkali and lower content of silica) makes glass less fragile and more scratch resistant. It also decreases the melting temperature, which indicates the need for less fuel per unit batch of glass. This optimization and eco-friendly gain of the process increases the demand for this mineral. Rising urbanization, increasing industrialization, and the booming demand from the product application sectors are other factors likely to fuel market growth.

Industry Definition and Major Segments

Nepheline syenite is a mineral derived from igneous rocks with a primarily nepheline and feldspar composition, both of which are compounds dependent on silica. Its higher alkali and comparatively lower silica content separates it from other related compounds. Increasingly, nepheline syenite is being used to replace feldspar in the processing of ceramics and glass.

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Based on the form, the industry is divided into:

• Powder
• Granules

Based on the application, the industry is divided into:

• Coatings and Polymers
• Glass
• Ceramic
• Refractories

The regional markets for nepheline syenite include:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Market Trends

Geographically, the worldwide demand for nepheline syenite is substantially supported by growth in the Asia Pacific region. With an overall increase in the use of glass and ceramics in the ever-increasing construction industry and other consumer-end products, especially in large countries such as India, Brazil, and China, where the demand growth rate is seen to be the highest, the market for this mineral will increase significantly. The North American market has been consistently observed to be one of the largest markets for nepheline syenite, considering transport restrictions due to the Covid-19 pandemic, and has been steadily growing every year. Better prospects will be seen as more and more key players in the industry will try to tap into the post-COVID-19 world demand from emerging markets. These factors are likely to give more impetus to the global industry’s growth.

Key Market Players

The major players in the market are SCR-Sibelco NV, 3M Co., Anglo Pacific Minerals Ltd., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

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