According to the latest report by IMARC Group, titled "Nepheline Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," the global nepheline market size reached US$ 178.71 Million in 2022. Nepheline is a white, yellow, grey, green, or reddish fine-grained aphanitic igneous rock that belongs to the feldspathoid group and composed of nepheline and pyroxene. It exhibits a similar structure to tridymite, an aluminosilicate of potassium and sodium involving two polymorphic groups. It is used in weather-resistant paints due to its ability to impart weather resistance and a glossy finish to the end product. It is also utilized in the production of low sodium glass for being used in solar panels and liquid crystal display (LCD) screen.
Global Nepheline Market Trends:
There is an increase in construction activities of commercial and industrial establishments. This, coupled with the rising government spending on remodeling and up-gradation activities of infrastructure and the burgeoning construction industry, represents one of the major factors driving the demand for nepheline around the world. Moreover, the growing use of nepheline as a source of potassium in fertilizers to improve crop yield and significant growth in the agricultural sector is influencing the market positively. In addition, the increasing usage of nepheline as a raw material in the production of glass is favoring the growth of the market. Apart from this, nepheline is employed in the automotive industry for manufacturing various components, including spark plugs and brake pads. This, along with the rising sales of vehicles on account of rapid urbanization and inflating income levels, is augmenting the growth of the market. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 206.13 Million by 2028, exhibiting a CAGR of 2.3% during 2023-2028.
- On the basis of the product type, the market has been segmented into nepheline syenite, nepheline monzonite, and nephelinites. Presently, nepheline syenite holds the largest market share.
- Based on the application, the market has been categorized into ceramic product, glass product, refractories, and others. Glass product currently accounts for the biggest market share.
- Region wise, the market has been divided into North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others); Europe (Germany, France, United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico and others); and the Middle East and Africa. Amongst these, North America (the United States and Canada) enjoys the leading position in the market.
- The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market. Some of the key players include 3M Company, Agsco Corporation, Anglo Pacific Minerals Ltd., Phos Agro Group of Companies, and SCR Sibelco.
|Base Year of the Analysis
|Product Types Covered
||Nepheline Syenite, Nepheline Monzonite, Nephelinites
||Ceramic Product, Glass Product, Refractories, Others
|| Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||3M Company, Agsco Corporation, Anglo Pacific Minerals Ltd., Phos Agro Group of Companies, SCR Sibelco, etc.
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