The global Andalusite Market research report 2029, as published by Data bridge Market Research, provides insights into the current global outlook and key regions, examining Major Players, Countries, Product Types, and end industries. It focuses on top players in the global market and categorizes the market based on several parameters.
This Andalusite market research report identifies the competitive landscape of industries, offering a comprehensive understanding of international competition. The study outlines the anticipated growth of the global market during forecast period. Compiled with a blend of static and dynamic perspectives, this research report captures the essence of the businesses views.
Data Bridge Market Research analyses that the andalusite glass market is expected to undergo a CAGR of 7.80% during the forecast period. This indicates that the market value, which was USD 214.84 million in 2021, would rocket up to USD 391.80 million by 2
Top Companies in the Global Andalusite Market:
Imerys (U.S.), Resco Products (U.S.), Anglovaal Group (South Africa), Andalucita S.A, (Spain), LKAB Minerals AB (Sweden), Latin Resources (Australia), among others.
Market Segmentation:
The andalusite market is segmented on the basis of type, application and end user. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Pink
- Grey
- Yellow
- Green
- Violet
Application
- Refractories
- Foundry
- Kiln Furniture
End User
- Steel Industries
- Glass Industries
- Aluminium Industries
- Cement Industries
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Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
– Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
– North America (United States, Mexico & Canada)
– South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
– Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
– Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
Asia-Pacific dominates the andalusite market in terms of revenue and market share due to the increasing demand for refractories in this region and with developing countries including India and China.
North America will continue to project the highest compound annual growth rate during the forecast period of 2022-2029 due to the increasing demand of andalusite in steel and foundry industries. high investments by original equipment manufacturers (OEMs) in the U.S. and positive growth in the manufacture of lightweight vehicles in Mexico are anticipated to increase the demand for metal casting in this region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
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Market Dynamics
Drivers
- High usage of andalusite in refractories
Refractories are highly used in blast furnaces during the manufacture of steel due to its unique properties such as the capability to withstand high thermal conductivity and temperature. Also, the phenomenal properties of andalusite such as low porosity, volume stability, high thermal shock and creep and chemical resistance along with the high level of purity which make it appropriate for use in the manufacturing of refractories. The rising demand for andalusite in refactories is expected to boost the market's growth rate.
- Growth and expansion of construction industry
Growth and expansion in the construction industry owing to increasing population and rapid urbanization is projected to drive the demand for the steel. This is anticipated to drive the growth of the refectory market. Growing demand for refractories is expected to drive the need for the andalusite during the forecast period.
Opportunities
- Growing demand of andalusite of steel and iron industry
The primary material for operations in the iron and steel industries is andalusite. Such as, these industry using andalusite for heat control in the process during the manufacturing of steel and iron. Moreover, the Iron and steel industry also needs andalusite for other applications. For instance, used for transporting and holding metal and slag; internal linings are necessary in furnaces used in manufacturing steel and iron, vessels furnaces used for heating steel before further processing, and in the flues or stacks through which hot gases are conducted. These are some reasons why the demand for andalusite in steel and iron industry increases and creates immense opportunities for the growth of the andalusite market.
Moreover, increasing demand for glass plants will drive the growth of the market. Also, increasing glass production in developed and developing countries will drive the growth rate and revenue of the andalusite market and further create growth opportunities for the andalusite market during forecast period of 2022-2029.
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