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Nepheline Syenite Market Growth Opportunities Created by COVID-19 Outbreak!

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The global 

nepheline syenite market

 size

is expected to reach USD 87.6

million by 2027, exhibiting a CAGR of 1.3% during the forecast period. The surge in ceramic

manufacturing is expected to aid the healthy expansion of the market owing to

its wide-ranging applications in household, commercial and industrial sectors,

states Fortune Business Insights in a report, titled “Nepheline

Syenite Market Size, Share & COVID-19 Impact Analysis, By Application

(Ceramic Manufacturing, Glass Manufacturing, Functional Fillers {Paint &

Coatings, Adhesive & Sealants, and Plastic & Rubber}, and Others), and

Regional Forecast, 2020-2027” the market size stood at USD 79.7 million in 2019.



The coronavirus epidemic has disturbed the supply chain of various

industries across the world. We recognize this unsettling health adversity has

harmfully impacted various sectors across the globe. Nevertheless, rising

support from governments and several companies can help in the fight against

this highly infectious virus. There are some industries that are struggling and

some are thriving. More or less, nearly every sector is estimated to be

impacted by this pandemic.



Market Driver

:



Rising Cognizance about Nepheline’s

Advantages to Boost Market




Nepheline syenite reduces the melting temperature while reacting

with quartz in a glass furnace, making it rich in alumina. Thus, the growing

utilization of this syenite owing to its advantages such as free from

crystalline silica, and higher content of potassium and sodium oxide will have

a tremendous impact on the market. The rising shift from feldspar to nepheline

syenite due to its low quantity consumption will spur opportunities for the

market in the forthcoming years. Also, it reduces energy consumption improves

the quality of the products, which, in turn, will increase its demand.



The low refractive index found in nepheline syenite can be used as

transparent filler in paints, coatings, adhesives, sealants, plastics, and

rubber products, thus accelerating its usage in the paint and coatings

industry. The incorporation of this syenite in coatings offers flatting

efficiency, improved pellet flow, optimum particle shape, and easy mixing can

further create lucrative business opportunities for the market.



Market Restraint:




Disruption in Supply chain will Limit Production

During COVID-19




The enactment of lockdown in various regions across the globe has

destructively curbed the production of nepheline syenite. The disruption in the

supply chain due to the new policies implemented by the government will cause

severe damage to the market in the near future. The lack of laborers in

developed countries can also act as an obstacle to the growth of the market. The

halt in glass and ceramic production will simultaneously diminish the demand of

the market. Additionally, the postponements in pre-produced orders, lack of

capital management, and manufacturing operations will further aggravate the

development of the market in the foreseeable future.






Regional Analysis



Heavy Demand for Quality Glass to Enable Growth

in North America




The market in North America is expected to grow rapidly during the

forecast period owing to the demand for high-quality glass products from

various industries. The US is the key importer and consumer of nepheline

syenite in the world. The growing adoption of the quality alumina source for

glass manufacturing in Canada and the US will enable speedy expansion of the

market in the region. Asia Pacific is expected to witness a substantial growth

rate during the forecast period due to the rising production of glass and

ceramics in China, India, and Southeast Asian countries. China is predicted to

hold a major share in the market owing to the high production and consumption

of glass and ceramic in the region.



Browse Summary of this Research Report with

Detailed Table of Content:

 



https://www.fortunebusinessinsights.com/enquiry/covid19-impact/nepheline-syenite-market-103434