The global nephelinesyenite market size is expected to reach USD 87.6 million by 2027,exhibiting a CAGR of 1.3% during the forecast period. The surge in ceramicmanufacturing is expected to aid the healthy expansion of the market owing toits wide-ranging applications in household, commercial and industrial sectors,states Fortune Business Insights in a report, titled “Nepheline Syenite MarketSize, Share & COVID-19 Impact Analysis, By Application (CeramicManufacturing, Glass Manufacturing, Functional Fillers {Paint & Coatings,Adhesive & Sealants, and Plastic & Rubber}, and Others), and RegionalForecast, 2020-2027” the market size stood at USD 79.7 million in 2019.
Market Driver:
Rising Cognizanceabout Nepheline’s Advantages to Boost Market
Nepheline syenite reduces the melting temperature whilereacting with quartz in a glass furnace, making it rich in alumina. Thus, thegrowing utilization of this syenite owing to its advantages such as free fromcrystalline silica, and higher content of potassium and sodium oxide will havea tremendous impact on the market. The rising shift from feldspar to nephelinesyenite due to its low quantity consumption will spur opportunities for themarket in the forthcoming years. Also, it reduces energy consumption improvesthe quality of the products, which, in turn, will increase its demand.
The low refractive index found in nepheline syenite can beused as transparent filler in paints, coatings, adhesives, sealants, plastics,and rubber products, thus accelerating its usage in the paint and coatingsindustry. The incorporation of this syenite in coatings offers flattingefficiency, improved pellet flow, optimum particle shape, and easy mixing canfurther create lucrative business opportunities for the market.
Regional Analysis
Heavy Demand forQuality Glass to Enable Growth in North America
The market in North America is expected to grow rapidlyduring the forecast period owing to the demand for high-quality glass productsfrom various industries. The US is the key importer and consumer of nephelinesyenite in the world. The growing adoption of the quality alumina source forglass manufacturing in Canada and the US will enable speedy expansion of themarket in the region. Asia Pacific is expected to witness a substantial growth rateduring the forecast period due to the rising production of glass and ceramicsin China, India, and Southeast Asian countries. China is predicted to hold amajor share in the market owing to the high production and consumption of glassand ceramic in the region.
Browse Summary of this Research Report with Detailed Tableof Content:
https://www.fortunebusinessinsights.com/enquiry/covid19-impact/nepheline-syenite-market-103434
