Middle East K-Feldspar Market Outline 2018, Leading Top Companies, Future Challenges, Growth Drivers, Price Trends, Forces Analysis & Revenue Forecast 2022

ME K-Feldspar Market Information, By Country/Region (Turkey, Israel, GCC, and Rest of Middle East) - Forecast Till 2022

Market Insights

Potassium feldspar or K-Feldspar is a mineral compound which is part of a group of rock forming minerals. K-Feldspar is a common and important raw material which is used the manufacturing of glass and ceramics as well as a filler in paints. Market Research Future's report on the Middle Eastern K-Feldspar Market has disclosed several important figures along with the analysis of the impact of various factors on the market. The recorded volume of potassium feldspar in 2016 was 850.5 '000 tonnes and at a CAGR of 3.9% during the forecast period of 2017 to 2022 will result in a volume of 1069.9 '000 tonnes by the end of the assessment period. In terms of market value the market has been projected to expand at a CAGR of 4.2% and will approach a market value of USD 191 Mn by 2022.

Increasing applications of K-Feldspar in ceramics due to an increase in demand from an ever-growing consumer population is driving demand for the product. Automotive applications, particularly automotive glassmaking has been witnessing increasing production activity due to the burgeoning demand for automotive vehicles, particularly for personal use. Rising disposable incomes in emerging economies and urbanization have prompted the increase in demand for the same and will likely impact the Potassium Feldspar Market positively. Moreover, the Middle Eastern ceramic industry is witnessing high demand which in turn is expected to boost the demand for K-Feldspar. The rapidly growing construction activities in the region are expected to result indirectly in the demand for k-feldspar.

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At present, alternatives to K-Feldspar in the Middle East market are hampering market grown. Other feldspars such as sodium feldspar have been found to be just as effective as K-Feldspar in applications in sanitary ware, ceramic ware and glass making. This is further encouraged by the high cost of production of potassium feldspar. Notably, the market is also expected to witness opportunities which will assist growth. The increasing demand for white body tile, and granite tile has increased mining and import of potassium feldspar in Turkey. The foreseeable future of the market predicts consistent growth.

Key Players

In MRFR’s report, several market players of importance have been profiled; these players include Sisecam Group, Kaolin Industrial Minerals San., Polat Maden Sanayi Ve Ticaret A.S., Kalemaden Endustriyel Hammaddeler San.Ve Tic.A.S., The Quartz Corp, Imerys Seramik Hammaddeleri San.Ve Tic.A.Ş., United Mining Investments Co., Gensa Kimya Sanayi Ve Ticaret A.S., and TIC Inc.

Market Segmentation

Segmentation of the Middle East K-Feldspar Market has been performed in MRFR’s market on the basis of region/countries. Regions included in the report are Turkey, Israel, G.C.C, and the rest of the Middle East.

Regional Analysis

Turkey has captured more than 7.3% of the total market share due to the high demand for K-Feldspar in the region. A prominent ceramics and glass making industries in the region are large consumers of Potassium Feldspar. The regional market is slated to retain its head position in the market over the forecast period. Turkey is followed in market size by Israel. However, the GCC region which holds a share of 7% of the market is poised to witness at the highest CAGR which is likely to culminate in drastic growth for the market. Countries in the GCC such as U.A.E, Qatar, and Saudi Arabia are rapidly emerging market in the Middle East with many large construction projects being initiated in order to develop core infrastructure as well as commercial and residential construction activities to support growing populations in these countries. This is expected to result in a high demand for K-Feldspar, particularly in glassmaking and ceramic activities.

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