Feldspar Global Market Report 2022

New York, Sept. 23, 2022 (GLOBE NEWSWIRE) — announces the release of its “Feldspar Global Market Report 2022” report –
24 billion in 2022 with a compound annual growth rate (CAGR) of 9.5%. The feldspar mining market is expected to grow to $1.49 billion by 2026 at a compound annual growth rate (CAGR) of 4.6%.

The feldspar mining market consists of the sale of feldspar by entities (organizations, sole traders and partnerships) that mine feldspar from pegmatite or feldspar sand. Aplite, a fine-grained igneous rock with the same mineralogical composition as granite, is also commonly mined for its feldspar content.

The main types of feldspar mining are plagioclase and potassium. Plagioclase is any member of the series of abundant feldspar minerals that occur as light-colored, glassy, ​​transparent to translucent, brittle crystals.

The end users were glass, ceramics and fillers. The mining type includes underground mining and opencast mining.

The various pieces of equipment include excavator, robot truck, drill and breaker, dump for hauling loads and others. The various components include hardware, software and services.

Western Europe was the largest region in the feldspar mining market. The regions covered in the Feldspar Mines market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

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The growth in the feldspar mining market is due to increasing demand for mining, improved technologies and emerging markets. For example, according to USGS, data from a US-based government agency, in 2020 the Geological Survey stated that US mines produced about 86.3 billion minerals in 2019.

Companies involved in feldspar mining are increasingly using low-energy production machines, including dust cleaning machines, to support environmental tasks and consume less energy, which is the major trend in the feldspar mining market.

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The countries falling in the feldspar market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
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