Global Nepheline Market to Reach US$ 220.4 Million by 2032, Propelled by Significant Growth in Construction Industry

April 14, 2023 | Chemical & Materials

According to the latest report by IMARC Group, titled "Nepheline Market by Report Product Type (Nepheline Syenite, Nepheline Monzonite, Nephelinites), Application (Ceramic Product, Glass Product, Refractories, and Others), and Region 2024-2032," the global nepheline market size reached US$ 183.0 Million in 2023. 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$ 220.4 Million by 2032, exhibiting a CAGR of 2.03% during 2024-2032.

Market Summary:

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.

Report Scope:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	US$ Million
Product Types Covered	Nepheline Syenite, Nepheline Monzonite, Nephelinites
Applications Covered	Ceramic Product, Glass Product, Refractories, Others
Regions Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	3M Company, Agsco Corporation, Anglo Pacific Minerals Ltd., Phos Agro Group of Companies, SCR Sibelco, etc.
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 3899 Five User License: US$ 4899 Corporate License: US$ 5899
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Global Nepheline Market to Reach US$ 220.4 Million by 2032, Propelled by Significant Growth in Construction Industry

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