The market for Nepheline Syenite is increasing popularity due to increased demand for ceramics across major end-use sectors such as building.
Covid-19 Impact & Market Status
Because of the introduction of Covid-19, the size of the Nepheline Syenite market has shrunk dramatically. Due to travel restrictions, airline bans, and quarantines, all offline activities and offices were temporarily shut down. There was fear all around and people were worried that virus could get them, the supply chains were disrupted and the production was halted for some days.
Granules to Remain Atop
Based on form, the market for Nepheline Syenite is segmented into Powder and Granules form. Out of these, the granular segment is expected to remain at the top of market and hold majority of the market share. This is because Nepheline in granular form is used in glass, ceramics, roofing granules etc.
Glass Segment to Remain atop
By application, the Nepheline Syenite market is divided into Coatings and Polymers, Glass, Ceramic, Refractories, Others. Out of these, the glass segment dominated the market in 2021. This is because the Nepheline Syenite has many benefits for glass as it acts as a flux to lower the temperature of vitrification, it also improves the durability and improves the resistance of the glass.
North America will provide a plethora of investment opportunities
North America is the leading contributor to the growth of the Nepheline Syenite Market. The key factors such as a huge number of companies present working in the field of research and development of Nepheline Syenite. Furthermore, the United States is the top importer and user of Nepheline Syenite in the world. The growing need for high-quality glass products from the pharmaceutical, food and beverage, and automotive industries has prompted manufacturers to employ a high-quality alumina source for glass manufacturing, supporting nepheline syenite demand in the US.
However, the Asia Pacific region is expected to incur huge demand because of the high population and the growing need for Nepheline Syenites.
The growing industrialization has led to increased usage of materials that have many benefits and nepheline syenite has that. It aids in decreasing the melting temperature of ceramics mixtures and increasing the resilience of glass against scratching and shattering.
Nepheline Syenite is an enzyme in a which is used in food processing which delivers better quality end products as compared to conventional methods. Rising awareness about eating healthy foods, growth in food and beverage industry and growing demand for digestive enzymes are some other reasons which are driving the market growth.
Nepheline Syenites are pretty useful as they help in making people better deal with the harmful substances. There is a constant rise in the number of parasitic cleanses being sold because of increasing occupational hazards in today’s world. With the beneficial properties and advancement in technology, the Nepheline Syenite enzyme is expected to cause a revolution in the construction industry. These variables will have a combined impact on the worldwide Nepheline Syenite market, resulting in a market size of 92 million dollars by 2029.
The benefits such as the products made from crystalline silica. As a result, it is eaten in less amounts than feldspar. It also contributes in lowering energy use and improving end-product quality. Paints, coatings, plastics, and rubber all utilize it as translucent filler. It provides increased flatting efficiency, improved pellet flow, and other benefits in coatings.
However, because glass packaging can be readily recycled without harming the quality, recycling of glass goods is a major obstacle for the market's growth. Companies in poor countries still use old methods of conducting operations due to a lack of awareness. Nonetheless, the Nepheline Syenite Market has a bright future ahead of it, as businesses and individuals become more aware of the advantages that these Nepheline Syenites have to offer.
The major players of this market are North Cape Minerals AS, Apatit Production Association, The Feldspar Corp., Gruppo Minerali Maffei SpA, Eczacibasi Esan Imerys SA, Monto Minerals Ltd., Sibelco Nordic AS, Pacer Corp., and Fineton Industrial Minerals Ltd. Key tactics employed by companies in the Nepheline Syenite market include acquisitions, product launches, and R&D efforts. Companies' R&D teams must aim to improve the efficacy of their equipment by implementing technology in order to provide the greatest degree of safety.
Recent Developments in the Nepheline Syenite Market
- Oriole's 90 percent-owned subsidiary, Oriole Cameroon, won five fresh exploration licenses in central Cameroon. The licenses were issued to Oriole's partner, Reservoir Minerals Cameroon, along with three more new licenses. This is a continuous, district-scale land package in central Cameroon containing 3,592 km2 of gold-prospective terrane. The licenses have a three-year initial term with a total duration of nine years.
Nepheline Syenite Market Scope
|Revenue forecast in 2028
|USD 92 million.
|Type, Application, Regions
|North America, Europe, Asia Pacific, South America, Middle East and South Africa
|Key Players Profiled
|North Cape Minerals AS, Apatit Production Association, The Feldspar Corp., Gruppo Minerali Maffei SpA, Eczacibasi Esan Imerys SA, Monto Minerals Ltd & among others.
Key Segments of the Nepheline Syenite Market
Type Overview, 2022-2029 (USD Million)
Application Overview, 2022-2029 (USD Million)
- Coatings and Polymers
Regional Overview, 2022-2029 (USD Million)
- Rest of Europe
- Rest of Asia Pacific
- Rest of South America
Middle East and South Africa