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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Andalusite Market Outlook
The global andalusite market is expected to grow at a CAGR of 3.8% in the forecast period of 2024-2032 to reach a value of USD 303.80 million by 2032.
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High Consumption of Andalusite in the Production of Refractory Materials to Boost the Andalusite Industry Growth
The refractories application segment leads the global market for andalusite and is expected to maintain its dominance in the forecast period. The growth can be attributed to the increasing demand for refractories in the steel industry, which is expected to remain a key driving factor for the market. Andalusite is widely utilised in the production of refractories owing to its properties like high purity, good thermal shock resistance, volume stability, low porosity, and chemical and creep resistance. Based on type, pink and grey andalusites are a preferred choice of use among consumers.
Region-wise, the Asia Pacific is expected to witness a robust growth in the forecast period owing to the rapid industrialisation and urbanisation in the region. The growing product demand from various industries in the emerging nations like India and China is expected to contribute to the regional industry growth.
Andalusite: Market Segmentation
Andalusite, an aluminium nesosilicate mineral, belongs to the family of sillimanite. It is naturally found in metamorphic rocks. Being a polymorph of two minerals, namely, kyanite and sillimanite, it has similar chemical composition as compared to kyanite and sillimanite but different physical structures. It is commonly utilised in the production of refractory materials and serves as a precursor to porcelain.
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Based on type, the market is divided into:
- Pink
- Grey
- Yellow
- Green
- Violet
- Others
Based on application, the industry can be segmented into:
- Refractories
- Foundry
- Kiln Furniture
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Growing Construction Activities and Expanding Steel Industry to Bolster the Growth of the Andalusite Industry
The growing construction activities across the globe to enhance the existing infrastructures and build new ones, which is driving the demand for steel, which, in turn, is contributing to the growth of the andalusite industry. This is supported by the growing global population and rapid urbanisation trends, particularly in the emerging regions. The production of steel involves the utilisation of refractories, which are largely used in blast furnaces owing to their ability to withstand high temperatures and thermal conductivity, thus, aiding the industry growth. Moreover, the increasing demand for cast metal products from the automotive industry is driving the growth of the foundry industry, which is another significant consumer of andalusite. Over the forecast period, the favourable government initiatives like the housing schemes and the development of modern infrastructures are expected to further propel the industry growth. However, with the outbreak of the COVID-19 pandemic and a halt in the production operations across the globe, the industry is expected to witness a considerable impact on its growth in the forecast period.
Key Industry Players in the Global Andalusite Market
The report gives a detailed analysis of the following key players in the global andalusite market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Imerys Minerals Refractory Glomel
- Andalucita S.A.
- KePA Andalusite & Garnet Group
- LKAB Minerals AB
- Latin Resources Limited
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market is projected to grow at a CAGR of 3.8% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 303.80 million by 2032.
The major drivers of the market are the growing demand for refractory materials, growing construction activities, increasing population, thriving steel industry, rising demand from the developing regions, and growing urbanisation.
The key trends guiding the growth of the market include the favourable government policies and the growing investments in the construction sector.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading types of andalusite in the market are pink, grey, yellow, green, and violet, among others.
The major applications in the market are refractories, foundry, and kiln furniture, among others.
The major players in the global andalusite market are Imerys Minerals Refractory Glomel, Andalucita S.A., KePA Andalusite & Garnet Group, LKAB Minerals AB, and Latin Resources Limited, among others.
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