Theglobal nephelinesyenite market size is expected to reach USD 87.6 million by 2027,exhibiting a CAGRof 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 Market Size,Share & COVID-19 Impact Analysis, By Application (Ceramic Manufacturing,Glass Manufacturing, Functional Fillers {Paint & Coatings, Adhesive &Sealants, and Plastic & Rubber}, and Others), and Regional Forecast,2020-2027” the market size stood at USD 79.7 million in 2019.
The coronavirus epidemic hasdisturbed the supply chain of various industries across the world. We recognizethis unsettling health adversity has harmfully impacted various sectors acrossthe globe. Nevertheless, rising support from governments and several companiescan help in the fight against this highly infectious virus. There are someindustries that are struggling and some are thriving. More or less, nearlyevery sector is estimated to be impacted by this pandemic.
We are making endless efforts touplift businesses in this crucial need of the hour. Our expertise andexperience can offer enormous benefits to help regain during this globalpandemic.
MarketDriver:
RisingCognizance about Nepheline’s Advantages to Boost Market
Nepheline syenite reduces themelting temperature while reacting with quartz in a glass furnace, making itrich in alumina. Thus, the growing utilization of this syenite owing to itsadvantages such as free from crystalline silica, and higher content ofpotassium and sodium oxide will have a tremendous impact on the market. Therising shift from feldspar to nepheline syenite due to its low quantityconsumption will spur opportunities for the market in the forthcoming years.Also, it reduces energy consumption improves the quality of the products,which, in turn, will increase its demand.
The low refractive index found innepheline syenite can be used as transparent filler in paints, coatings,adhesives, sealants, plastics, and rubber products, thus accelerating its usagein the paint and coatings industry. The incorporation of this syenite incoatings offers flatting efficiency, improved pellet flow, optimum particleshape, and easy mixing can further create lucrative business opportunities forthe market.
MarketRestraint:
Disruptionin Supply chain will Limit Production During COVID-19
The enactment of lockdown invarious regions across the globe has destructively curbed the production ofnepheline syenite. The disruption in the supply chain due to the new policiesimplemented by the government will cause severe damage to the market in thenear future. The lack of laborers in developed countries can also act as anobstacle to the growth of the market. The halt in glass and ceramic productionwill simultaneously diminish the demand of the market. Additionally, thepostponements in pre-produced orders, lack of capital management, andmanufacturing operations will further aggravate the development of the marketin the foreseeable future.
Regional Analysis
HeavyDemand for Quality Glass to Enable Growth in North America
The market in North America isexpected to grow rapidly during the forecast period owing to the demand forhigh-quality glass products from various industries. The US is the key importerand consumer of nepheline syenite in the world. The growing adoption of thequality alumina source for glass manufacturing in Canada and the US will enablespeedy expansion of the market in the region. Asia Pacific is expected towitness a substantial growth rate during the forecast period due to the risingproduction of glass and ceramics in China, India, and Southeast Asiancountries. China is predicted to hold a major share in the market owing to thehigh production and consumption of glass and ceramic in the region.
KeyDevelopment:
January2018: Unimin Corporation, a wholly-owned subsidiary of globalindustrial minerals company SCR-Sibelco of Belgium announced a multi-millioninvestments to modernize its nepheline facility in Canada. The new developmentwill improve mining & manufacturing operations in the Kawartha Lakes Regionand reduce environmental impact.
BrowseSummary of this Research Report with Detailed Table of Content:
https://www.fortunebusinessinsights.com/enquiry/covid19-impact/nepheline-syenite-market-103434
