Global Nepheline Syenite Market

Nepheline Syenite Market Size, Share, Growth Analysis, By Product Type(Nepheline Syenite, Nepheline Monzonite and Nephelinites), By Application(Ceramic Manufacturing, Glass Manufacturing and Functional Fillers), By Region - Industry Forecast 2024-2031

Report ID: SQMIG15J2024 | Region: Global | Published Date: April, 2024
Pages: 184 | Tables: 61 | Figures: 75

Nepheline Syenite Market Regional Insights

The global nepheline syenite market was dominated by North America. The United States is the world's largest importer as well as consumer. The growing demand for high-quality glass products from the food and beverage, pharmaceutical, and automotive industries prompted manufacturers to switch to high-quality alumina sources for glass production. As a result, demand for nepheline syenite in the United States is increasing. Canada is one of the world's largest producers and exporters of this product. Over time, the majority of the produced quantity has been exported to the United States.

Asia Pacific is expected to grow at the fastest rate in the global market in future. The rising production of glass and ceramics in China, India, and Southeast Asian countries is a major driver of market expansion. China is the largest consumer and producer of nepheline syenite in Asia Pacific. China dominates the global glass and ceramic manufacturing industries. As a result, China is expected to lead the Asia Pacific market during the forecast period. Increasing construction activity in Asia Pacific has resulted in increased demand for ceramics and functional fillers, which is expected to aid market expansion.

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Nepheline Syenite Market size was valued at USD 1.28 billion in 2022 and is expected to rise from USD 1.34 billion in 2023 to reach USD 1.90 billion by 2031, at a CAGR of 4.50% during the forecast period (2024-2031).

The nepheline syenite market is fragmented in nature owing to the presence of multiple vendors. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D. 'Unimin Corporation (USA)', 'Sibelco N.V. (Belgium)', 'The Quartz Corporation (France)', 'Imerys (France)', 'SCR-Sibelco N.V. (Belgium)', 'Russian Mining Chemical Company LLC (Russia)', 'AGSCO Corporation (USA)', 'Eczacibasi Esan (Turkey)', 'Inema (Italy)', 'Gimpex Ltd. (India)', 'G3 Enterprises (USA)', 'Canadian Nepheline (Canada)', 'Chemours Company (USA)', 'LB MINERALS, s.r.o. (Czech Republic)', 'Crenox GmbH (Germany)', 'Mondo Minerals B.V. (Netherlands)', 'Eurosyntec (France)', 'Mahavir Minerals Ltd. (India)', 'Nepheline Corporation (Canada)', 'Summit Materials LLC (USA)'

Potassium and sodium oxide are more abundant in nepheline syenite. While reacting with quartz in the glass furnace, it lowers the melting temperature. It contains a lot of alumina. This mineral's commercial products contain no crystalline silica. As a result, it is consumed in smaller quantities than feldspar. It also aids in lowering energy consumption and improving end-product quality. It is also used as a transparent filler in coatings, plastics, rubber, paints, adhesives, and sealants due to its low refractive index. It provides improved flatting efficiency, improved pellet flow, optimum particle shape, and ease of mixing in coatings. So, this can drive the market growth.

Paint and coating manufacturers are always working to improve the performance of their products. As a result, these manufacturers are constantly on the lookout for advanced fillers. It has been used in a variety of decorative, industrial, and OEM coating applications over the years. However, there are some advantages to using ultrafine nepheline syenite. It has a refractive index and physical properties that improve coating, ink, and adhesive performance. Ultrafine syenite is less expensive to formulate and has excellent UV-curing properties.

The nepheline syenite market was dominated by North America. The United States is the world's largest importer as well as consumer. The growing demand for high-quality glass products from the food and beverage, pharmaceutical, and automotive industries prompted manufacturers to switch to high-quality alumina sources for glass production. As a result, demand for nepheline syenite in the United States is increasing. Canada is one of the world's largest producers and exporters of this product. Over time, the majority of the produced quantity has been exported to the United States.

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Global Nepheline Syenite Market

Report ID: SQMIG15J2024

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