Feldspar and Nepheline Syenite Market Regional Analysis:
APAC Market Insights
The Asia Pacific feldspar and nepheline syenite market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2035. The growth of the market can be attributed majorly to the favorable growth of end-user industries including ceramic, glass, automobile, and paint industries in the region, backed by the rising investment by key market players mainly in emerging economies such as China, India, Brazil, and Japan. For instance, China’s exports of ceramic products increased to USD 236 billion in August from 230 billion in July 2022. The increasing production of advanced ceramic products to protect ancient art and monuments and growing utilization in households are also estimated to propel the market growth. Also, people prefer ceramic products as they are eco-friendly and help to prevent the use of plastic at restaurants and hotels. Most hotels these days use ceramic plates and bowls to serve food, especially in Asian countries as it is a traditional way. Additionally, it is believed that pickles and any food items will stay longer when stored in ceramic vessels.
North American Market Insights
Further, the North American region is estimated to share the second largest market share during the forecast period. The increasing migrants, adoption of different cultures among people, and presence of nepheline deposits in the U.S. is expected to contribute to the market growth. The availability of key players and prominent production sectors is also estimated to drive the market growth as per the market analysis. The U.S. imported value of tiles was estimated to rise by more than 20% in the year 2021 reaching a value of USD 3 billion.
