Global Andalusite Market Size, Share, Opportunities And Trends By Application (Refractory, Foundry, Kiln Furniture, Others), And By Geography - Forecasts From 2023 To 2028
- Published : Mar 2023
- Report Code : KSI061614497
- Pages : 145
Andalusite is a mineral that is commonly found in metamorphic rocks, particularly in schist and gneiss, and is an aluminum silicate mineral. Many products, such as refractory materials, ceramics, and glass, are made from andalusite. Demand for refractories is a key driving factor for the global andalusite market. The substance andalusite is a high-temperature refractory that can withstand both chemical and thermal shocks. It is used to make a variety of refractory products, such as castables, bricks, and monolithic. These refractories are employed in a variety of processes, such as the production of iron and steel, cement, and glass. The rising demand for ceramics is another factor driving the expansion of the world andalusite market. High-quality ceramics are made using andalusite as a raw material. It is employed in the manufacture of high-tech ceramics such as wear-resistant, electrical, and structural ceramics.
The increased need for refractory materials across numerous industries is likely to drive expansion in the global andalusite market, but the expense and environmental risks of mining and processing may ultimately restrain this growth. Future chances for growth may arise from the creation of new applications and improvements to the production procedure.
The global andalusite market is driven by rising demand in the construction sector and refractory industry.
The increasing demand for refractory materials across a number of sectors is one of the main factors driving the global andalusite market. Among them are the glass, cement, and steel industries. Andalusite is a material of choice for refractory applications because of its strong thermal stability and resistance to thermal shock. Refractory cement and other building products are made from andalusite. The need for items made of andalusite is increasing along with the building sector. Andalusite is a key component for the manufacture of high-quality acid refractory materials that call for a high alumina concentration. Moreover, it is employed in the creation of sand molds and cores for casting steel and iron. As such, the rising steel production has significantly impacted the global andalusite market. The World Steel Association estimates that due to robust demand in emerging markets and a recovery in the construction and automotive industries, worldwide crude steel production increased by 5.3% in 2021 compared to 2020.
- In June 2021, Imerys, a significant producer of andalusite and other refractory minerals, constructed a new factory in India specifically targeted at the refractory and infrastructure industries, which serve as key consumers of andalusite, and provided €40 million for the project. The business claims that since China and India are the world's two top manufacturers of steel, expanding into these nations was an appropriate business strategy for their refractory and building & infrastructure sectors. The goal of this growth was to reinforce their position as market leaders by making them important participants on a worldwide scale. Through this effort, they aimed to gain new market shares in India by working more closely with regional businesses and applying their local knowledge.
Asia Pacific accounted for major shares of the global andalusite market, while the North American andalusite market is expected to grow steadily.
Based on geography, the global andalusite market is segmented into North America, South America, Europe, the Middle East and Africa, and Asia Pacific. Throughout the projected period, the Asia Pacific andalusite market is anticipated to experience considerable expansion, driven by the region's expanding infrastructure development activities. The biggest markets for andalusite in the region are China, India, and Japan. The region's andalusite market is anticipated to increase as a result of rising demand for high-quality refractory materials in the steel, cement, and glass industries as well as rising demand for goods made of andalusite in the construction industry. The consistent growth of the steel, cement, and glass sectors in the region is likely to fuel the North American andalusite market over the projected period. In North America, the US has a sizable production capability and is a large user of andalusite.
High extraction and mining costs hinder the growth of the global andalusite market.
There are a few factors that can prevent the andalusite market from expanding. They include the high price of andalusite since it is naturally scarce and has an expensive mining and processing process. In the future, the demand for andalusite may be impacted by the advent of cheaper alternatives like zircon and magnesite which share many of the same characteristics. Furthermore, andalusite mining and processing have an adverse effect on the environment since they use a lot of energy and water, which could prevent the market from expanding.
Key Market Segments
- By Application
- Kiln Furniture
- By Geography
- North America
- South America
- United Kingdom
- Middle East And Africa
- Saudi Arabia
- South Africa
- Asia Pacific
- South Korea
- North America
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Market Segmentation
1.7. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Data
3. EXECUTIVE SUMMARY
3.1. Research Highlights
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Force Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. GLOBAL ANDALUSITE MARKET, BY APPLICATION
5.4. Kiln Furniture
6. GLOBAL ANDALUSITE MARKET, BY GEOGRAPHY
6.2. North America
6.3. South America
6.4.1. United Kingdom
6.5. Middle East And Africa
6.5.1. Saudi Arabia
6.5.2. South Africa
6.6. Asia Pacific
6.6.4. South Korea
7. COMPETITIVE ENVIRONMENT AND ANALYSIS
7.1. Major Players and Strategy Analysis
7.2. Emerging Players and Market Lucrativeness
7.3. Mergers, Acquisition, Agreements, and Collaborations
7.4. Vendor Competitiveness Matrix
8. COMPANY PROFILES
8.1. Andalucita S.A. Av. Materiales
8.2. LKAB Minerals
8.3. Resco Products
8.5. Keyhan Payesh Alvand
Andalucita S.A. Av. Materiales
Keyhan Payesh Alvand
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