Global Andalusite Market, By Type (Pink, Grey, Yellow, Green, Violet), Application (Refractories, Foundry, Kiln Furniture), End User (Steel Industries, Glass Industries, Aluminium Industries and Cement Industries) – Industry Trends and Forecast to 2029.
Andalusite Market Analysis and Size
The andalusite market has witnessed substantial growth due to factors such as increasing demand for cast metal products from the automotive industry. According to the Foundry Informatics Centre, the global casting manufacture augmented by approximately 5.3% from 2017 to 2018, which is expected to increase the demand for andalusite. The “refractories” is the fastest growing application segment due to the growing demand of refractories in the steel industry during forecast period.
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 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Andalusite Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2019 - 2014)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Pink, Grey, Yellow, Green, Violet), Application (Refractories, Foundry, Kiln Furniture), End User (Steel Industries, Glass Industries, Aluminium Industries and Cement Industries))
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Imerys (U.S.), Resco Products (U.S.), Anglovaal Group (South Africa), Andalucita S.A, (Spain), LKAB Minerals AB (Sweden), Latin Resources (Australia)
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Market Opportunities
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Market Definition
Andalusite is a rock-forming aluminum mineral that belongs to the sillimanite family. It is a polymorph of two minerals, sillimanite and kyanite, found in metamorphic rocks. The chemical composition of andalusite is similar to kyanite and sillimanite. It is formed under low and high temperatures and converts to sillimanite or kyanite at different temperature-pressure regimes. Andalusite is formed by regional metamorphism of shale. It is found in schist and gneiss at convergent plate boundaries, where rocks are exposed to the low pressure and high temperature.
Global Andalusite 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.
Restraints/Challenges
- High cost of raw materials
The demand of the andalusite may be restrained due to currency fluctuations, and increasing oil prices. These are some major factors than others which is restraining the demand from the consumer’s perspective and obstruct the growth rate of andalusite market
Moreover, availability of substitutes such as bauxite will also act as a market restraint, and create further challenge the growth of andalusite market during the forecast period.
This andalusite market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the andalusite market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
COVID-19 Impact on Andalusite Market
The Covid-19 pandemic was started from china after that it spread overall the world. Now it has become a global emergency. The governments have imposed stringent rule and regulations, including shutdown, lockdown and social distancing rules during this pandemic. The andalusite market is also affected by this lockdown because the production works are halted. Lack of production has affected the supply and demand chain of the andalusite. The refractories industry is the main consumer of andalusite and due to this pandemic the refractories work is on a pause which has negatively affected the demand of the andalusite. Furthermore, the major market players of the andalusite are trying their best to increase the growth of the market and is anticipated to witness the high demand after the post-covid condition.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Global Andalusite Market Scope
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
Andalusite Market Regional Analysis/Insights
The andalusite market is analysed and market size insights and trends are provided by country, type, application and end user as referenced above.
The countries covered in the andalusite market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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.
Competitive Landscape and Andalusite Market Share Analysis
The andalusite market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to andalusite market.
Some of the major players operating in the andalusite market are:
- Imerys (U.S.)
- Resco Products (U.S.)
- Anglovaal Group (South Africa)
- Andalucita S.A, (Spain)
- LKAB Minerals AB (Sweden)
- Latin Resources (Australia)
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