Research study provider Merchant Research & Consulting reported last year that global feldspar production will grow by 4 percent annually from 2014 to 2017.
In 2014, the global production and sales of feldspar improved slightly from those of 2013. This is due to the massive production decline in Europe which was mitigated by the sudden production increase in Asia, specifically in China, South Korea, India, and Thailand. Meanwhile this year, the global market for feldspar is expected to reach a total of 12.8 million metric tons due to the increasing demand from glass and ceramics industry.
Feldspar is considered as the most common group of minerals present in the earth’s crust, which is about 60 percent of terrestrial rocks. Feldspar minerals are mainly used in industrial applications for its alumina and alkali content. They play a significant role in the global commercial market as they are used in fluxing agents in ceramics and glass applications, and fillers in the paints and coats industry, as well as in rubber, plastic and adhesive industries.
Global feldspar production started to recover from its 2009 losses when demand skyrocketed after the global financial crisis. In 2011, global feldspar production stood at nearly 20.7 million tonnes but immediately declined by more than 10 percent in 2011.
The gradual improvements in various industries such as potash fertilizers, glass and ceramics, and paints and coats stimulated a massive demand for the mineral worldwide. The demand came from various companies in Eastern Europe, South America, and in emerging global economic superpowers India and China.
In 2014, the growth pace of the world feldspar had begun to improve, which encouraged economists to predict a 4 percent per annum increase in the next five years.
Experts believe that the global feldspar production will surpass the 22 million-ton mark in 2017.
The increasing demand for feldspar will be supported by the growing number of producers across the globe. Rutile producers will also intensify the demand segment, as rutile ore residues (tailings) can produce high-grade sodium feldspar concentrate through special processing.
Expected to enter the feldspar market in 2017 is Santiago, Chile-based White Mountain Titanium Corporation (OTCQB:WMTM). Its flagship project, the Cerro Blanco Property, is capable of producing high-grade titanium dioxide concentrate for use in paints, pigments, and as a feedstock for titanium metal producers. The company will also produce feldspar as a co-product to cater to the expanding global glass and ceramics market.
Along with rutile producers from South America and Africa, feldspar-focused producers from China, Indonesia, and China will soon become major contributors to the growing global demand.
Moreover, analysts say that the feldspar market will continuously expand to the Asia-Pacific region where the construction industry is currently flourishing.
This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.
Buffett Made This One Big Mistake. Don’t Let Yourself Do the Same
When an investment opportunity like AR and VR comes along, it can be hard knowing when to jump. Even if...
Bank of America Sees Bitcoin as an Opportunity for El Salvador
September 7th, 2021 is the date set for the introduction of Bitcoin as the official currency in El Salvador. BTC...
Spanish Biotech Companies’ Profits Fall 28% in the First Half of the Year
Grifols, which specializes in the production of plasma derivatives, achieved a profit of $317.2 million (€266.8 million) in the first...
The Economic Situation in Morocco: Domestic Demand Continues to Recover
Domestic demand in Morocco continued to recover in Q2-2021. According to the HCP, household consumption has, in fact, strengthened by...
Soybeans Market Closed Lower on Friday
Soybeans and the products were lower on Friday. Soybeans closed the week a little higher while the products were narrowly...
Business6 days ago
The Metaverse Is the Way of the Future, and Facebook Just Confirmed It
Cannabis6 days ago
Colombia Now a Major Player in Industrial Cannabis Production
Crowdfunding6 days ago
Eltif ALICrowd Invests €600,000 in the Equity Crowdfunding Campaign of Orapesce
Africa6 days ago
New Control System of Industrial Products Imports in Morocco