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Global Nepheline Syenite Market valued at 5062 Thousand Metric Tons in 2020, Aided by the Growing Demand for Glass and Ceramics

According to a new report by EMR titled, ‘Global Nepheline Syenite Market Report and Forecast 2021-2026’, the global nepheline syenite market attained a value of about 5062 thousand metric tons in 2020.

The global nepheline syenite industry has been bolstered by increasing demand for glass and ceramics, where nepheline syenite is an important component. The demand for nepheline syenite can be attributed to its intrinsic properties during glass manufacturing, as it strengthens the final product and makes it more resistant to scratching. Furthermore, it lowers fuel demands by lowering the melting temperature of the raw materials. This makes it a lucrative raw material for both manufacturers and consumers. From the data in the report, it appears that the mineral is going to have greater importance especially in large population regions like Asia Pacific due to increasing demand.

The nepheline syenite industry is expanding well in both developed and developing markets. One of the largest nephelite syenite producers, 3M Co. (NYSE: MMM) is also known for its other lines of product, including its range of Scotch stationery and Aqua-Pure. Similarly, other major players like SCR Sibelco NV and Anglo Pacific Minerals have other materials which they process to create end-products. This range helps to diversify their revenues. Overall, the nepheline syenite market is expected to witness robust growth in the given forecast period 2021-2026.

Market Analysis by Form, Application, and Regions:

  • Nepheline syenite can be divided by form into powder and granules, among others.
  • The market can be segmented on the basis of application into coatings and polymers, glass, ceramic and refractories, amongst others.
  • The regional markets for nepheline syenite include North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Key findings of the report:

  • The addition of nepheline syenite into the process reduces the overall need for fuel, making it a sought-after mineral in the glass and ceramic industry. 
  • Since the addition of nepheline syenite improves the overall characteristics of the end-product (glass/ceramic), it is preferred by customers. 
  • The growth of the chemical industry and the rising industrialisation are leading to the growth of the industry.
  • Rising urbanisation, greater disposable income, and more industrialisation have increased the demand for this mineral.

Key Offerings of the Report:

  • The EMR report gives an overview of the global nepheline syenite industry for the periods (2016-2020) and (2021-2026). 
  • The report also offers the historical (2016-2020) and forecasted (2021-2026) markets for the form, applications, and major regions of nepheline syenite.  
  • It assesses the regional price trends for the (2016-2020) and (2021-2026) periods.   
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global nepheline syenite market are SCR-Sibelco NV, 3M Co., and Anglo Pacific Minerals Ltd., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

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*We at Expert Market Research always strive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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