Feldspar and Nepheline Syenite Market Size

Feldspar And Nepheline Syenite Market size was valued at USD 5.67 billion in 2024 and is likely to cross USD 11.95 billion by 2037, expanding at more than 5.9% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of feldspar and nepheline syenite is estimated at USD 5.94 billion.

The growth of the market can be attributed to the growing use of glass and ceramic in a variety of industries, including building, transportation, and the automobile industry, backed by the rising sales and production of automobiles and the growing construction sector. As per the data from the International Energy Agency (IEA), electric vehicle sales reached 2.1 million in 2019 worldwide, increasing from the sales of the year 2018, and rising the electric vehicles stocks to 7.2 million.

Further, with the rise of the pandemic, the increased demand for feldspar and nepheline syenite is estimated to rise due to their special qualities and used as an important element in the manufacturing of fillers, paints, and coatings. Moreover, the rising manufacturing of paints worldwide and increasing utilization of paint in many architectural coatings are expected to drive market growth. As per the reports, an estimated total amount of 860 million gallons of architectural paint was utilized in the United States in 2020, and over 350 million gallons of architectural paint was consumed in the United States by the DIY ('do it yourself') segment.