Nepheline Market - Forecast(2024 - 2030)

Overview

Nepheline Market size is forecast to reach $XX billion by 2025, after growing at a CAGR of X% during 2020-2025. The global demand for nepheline is rising due to the rise in the adoption of nepheline in glass products due to its increased resistance to breaking and scratching. Another major factor for the growth of the nepheline industry is that nepheline possesses low iron content which aids in the necessary whiteness of the powdered material utilized for glass and as extender pigments, fillers, and fiberglass.

Report Coverage

The report: “Nepheline Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Nepheline Market.

Key Takeaways

• The growing ceramic & glass industry on an account of surging demand from end-use industries is expected to drive the global nepheline syenite market, which in turn drives the nepheline market during the forecast period.
• Nepheline syenite, made up mostly of sodium and potassium feldspars and nepheline, is not mined in the United States but is imported from Canada for use in the glass and ceramic industries.
• There is a large deposit of Nepheline Syenite in Canada close to Ontario. This deposit encompasses 3,500 acres of land and is actively mined by the company Unimin Canada Limited. This company is Canada sole Nepheline provider.

By Product- Segment Analysis

Nepheline syenite segment held a significant share in the nepheline market in 2019. Nepheline syenite is a holocrystalline plutonic rock that consists largely of nepheline and sanidine feldspar. The true composition of nepheline is represented by the orthosilicate formula (Na,K)AlSiO4,.  Nepheline syenite, like feldspar, when added to ceramics and glass products lowers the melting temperature of ceramics mixture and increases resistance to scratching and breaking of glass respectively.

By Application - Segment Analysis

Glass Product segment held a significant share in the nepheline market in 2019. Nepheline is majorly used as a substitute for feldspars in the manufacture of glass and ceramics products. It acts as a flux to lower the temperature of vitrification and provide alumina which promotes resistance, durability, and hardness to chemical corrosion in electrical porcelain, ceramic wares and all types of glass and fiber insulation. Nepheline play an important role as fluxing agents in ceramics and glass production and are also used as functional fillers in the plastic, rubber, paint and adhesive industries

By Form - Segment Analysis

The granular segment held a significant share in the nepheline market in 2019. Nepheline is majorly found in compact, granular aggregates, and can be yellow, white, green, grey, or even reddish.  Nepheline in granular form is used in glass, ceramics, roofing granules, and to make toilet sinks and bowls.

Geography - Segment Analysis

APAC dominated the nepheline market with a share of more than 38% during the forecast period. It is the fastest-growing market for feldspar and nepheline syenite due to increasing demand from major economies such as Italy, Spain, and Germany. Increasing ceramics demand in the region is expected to drive the European market over the forecast period. Asia Pacific is expected to register significant growth rates on account of increasing demand for ceramics and glasses in construction, electronic sensors, automotive and medical devices. A large amount of nepheline reserves in India and China is expected to benefit market participants in the region in terms of raw material procurement.

Drivers – Nepheline Market

·         Increased demand for ceramics across various end-use industries.

Increasing ceramics demand across major end-use industries such as electrical & electronics, construction, and medical devices is expected to be the key factor driving the global nepheline market over the forecast period. The global nepheline market is driven by its wide usage in the glass industry to manufacture glass, fiberglass, and specialty glass (used in the manufacture of dinnerware) and increased demand as a major raw material in the manufacture of ceramics used in bathroom fixtures, kitchen fixtures, and floor tiles.

Challenges – Nepheline Market

·         Increasing prices of raw materials

Increasing prices of raw materials like natural gas, propane, and fuel oil are expected to hinder the nepheline market growth during the forecast period. Escalating transportation costs of nepheline is another major challenge which is hindering the growth of nepheline market. 

Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the nepheline market. In 2019, the market of nepheline has been consolidated by the top five players accounting for xx% of the nepheline market share. Major top 10 companies of nepheline market are Unimin Corporation, The Feldspar Corp., Sibelco, Maniar Group of Companies, Pacer Corporation, Zemex Industrial Minerals, Gruppo Minerali Maffei SPA, Monto Minerals Limited, Sibelco Nordic AS and Fineton Industrial Minerals Ltd.

Investment

• In January 2018, Unimin Corporation made a million-dollar investment to modernize its Canadian nepheline operations.  The modernization enabled the optimization of new technologies and practices to reduce noise, dust, lighting, and use of water, as well as electricity, and will provide improved capabilities to serve coatings, polymers, glass, and ceramics markets.