Global Andalusite Market Analysis and Forecast 2019-2028
$2,800.00 – $5,440.00
Extensive usage of refractories in the steel industry is fueling the global demand for andalusite
The global andalusite market is estimated to witness a moderate growth rate of around 5.5% during the forecast period 2022-2028. Andalusite is a rock-forming aluminum nesosilicate mineral that belongs to the sillimanite family. High usage of andalusite in the construction industry, and increasing demand for andalusite in the steel and iron industry are some of the key factors anticipated to fuel the demand for andalusite across the globe.
Refractories are highly used in blast furnaces during the manufacture of steel due to their unique properties such as the ability to resist high thermal conductivity and temperature. Moreover, the phenomenal properties of andalusite such as low, volume stability, porosity, creep and chemical resistance, and high thermal shock along with the high level of purity make it appropriate for use in the manufacturing of refractories. As per the data published by the World Steel Association, global crude steel production reached about 1,958.5 million tons in 2021. This demand in the market is anticipated to drive the demand for refractories and andalusite.
The refractory segment is expected to dominate the market
The refractory segment is expected to dominate the global andalusite market owing to the extensive usage of andalusite in the linings of kilns and boilers to protect equipment from high temperatures. Refractory products provide resistance against corrosion, abrasion, and other attacks. Refractory materials form a substantial portion of the overall manufacturing segment as finished products of the refractory market are used in various industries including construction and automotive. Moreover, the increasing production of vehicles is anticipated to augment the demand for products such as steel, glass, aluminum, copper, and plastics, which, in turn, is expected to propel the demand for refractories.
Andalusite foundry sand is used in making patterns, molds, and cores can be done with andalusite foundry sand. It is chosen for the heavy casting of iron and steel alloys due to its anti-veining characteristics, including low thermal expansion, high refractoriness, and heat resistance. Additionally, it aids in reducing problems with metal penetration, sand washing, and sintering of the sand.
Asia Pacific is the major consumer of Andalusite
Asia Pacific is the major consumer of andalusite globally. In 2020, China, India, and Japan accounted for 13%, 5%, and 4% of total imports of andalusite respectively. Steel is significant material utilized in shipbuilding and vehicle production as well as building and construction. In addition, China is the major producer of steel and the largest importer of andalusite globally after Germany. The growing construction industry in the Asia Pacific is further expected to drive the demand for andalusite.
Moreover, in Europe, the market is estimated to gain significant growth owing to the growing construction industry in which refractories are used in producing cement. Positive development in the production of lightweight vehicles in Mexico and high investments by original equipment manufacturers (OEMs) in the U.S. are anticipated to boost the demand for metal casting and so the demand for andalusite.
Market Structure and Competitive Landscape
The global andalusite market is fragmented in nature with the presence of various players in the market. Some of the prominent players operating in the global andalusite market include Andalucita S.A, LKAB Minerals, Andalusite Resources, Resco Products, Recursos Latinos S.A, Rhino Minerals Pty Ltd, Samrec Pty Ltd, Damrec, Picobello Andalucita, Imerys Minerals Refractory Glomel, and Latin Resources Ltd. among others. These players adopt various strategies including mergers and acquisitions, partnerships and collaborations which directly results in propelling the growth of the global andalusite market.
- In August 2019, Triumph Gold Corp. announced that Rio Tinto Exploration Canada Inc. (RTEC) has entered an option agreement to obtain a 100% interest in Triumph Gold’s Andalusite Peak properly located in northwest British Columbia.
Key Market Segmentation
RationalStat has segmented the global andalusite market on the basis of type, application, and region.
- By Type
- Pink Andalusite
- Gray Andalusite
- Yellow Andalusite
- Green Andalusite
- Violet Andalusite
- By Application
- Refractories
- Foundry
- Kiln Furniture
- Others (Ceramics and Jewelry, etc.)
- By Region
- North America
- US
- Canada
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Western Europe
- Germany
- UK
- France
- Spain
- Italy
- Benelux
- Nordic
- Rest of Western Europe
- Eastern Europe
- Russia
- Poland
- Rest of Eastern Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- ASEAN (Indonesia, Vietnam, Malaysia, etc.)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- South Africa
- Turkey
- Rest of the Middle East & Africa
- North America
Research Methodology
RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.
RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
- Defining the problem by understanding the type of market and data required by the client.
- Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
- Formulating a hypothesis to create market numbers, forecast, influencing factors, and their relevance.
- Evaluating and analyzing the data by referring to data sources utilized and leveraged.
- Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.
Secondary Sources
- Annual reports, company filings, investor presentations, product catalogs, and company documents
- Industry and market-related documents available in the public domain
- Paid database including Bloomberg, Factiva, S&P Capital IQ, FactSet, Refinitiv Eikon, ICIS, EUWID, and Thomson Reuters, among others
- Whitepapers, research papers, and industry blogs.
Why Buy this Report?
The report is intended for andalusite providers, chemical industries, government organizations, regulatory agencies, market research firms, healthcare and pharmaceutical companies, and oil and gas companies among others. The report provides an in-depth analysis of market size, consumption patterns, ongoing market trends and challenges, and future market opportunities. The report will serve as a source for a 360-degree analysis of the market thoroughly delivering insights to clients to find the right answers to their business questions.
Frequently Asked Questions (FAQs)
The global Andalusite market is expected to grow at a CAGR of over 5.5% during the forecast period 2022-2028.
Asia Pacific is dominating the global Andalusite market in 2021.
High Usage of andalusite in Refractories is the key driver of the Global Andalusite Market.
Major companies operating in the global Andalusite market include Andalucita S.A, LKAB Minerals, Andalusite Resources, Resco Products, Recursos Latinos S.A, Rhino Minerals Pty Ltd.
| REGION | Global |
|---|---|
| RELEASE YEAR | 2023 |
| RESEARCH CODE | RST-SAR-107 |
| ADDITIONAL FEATURE | 24×7 Post sales support and 15% free customization |
| User License | Single User/Team License, Corporate License |
Table of Contents
1. Market Introduction
1.1. Scope of Study
1.2. Problem Statement
1.3. Market Segmentation
2. Assumptions and Acronyms
3. Executive Summary
3.1. Global Market in 2022
3.2. Analyst Insights & Recommendations
3.3. Growth Opportunities and Key Strategies
3.4. Supply-side and Demand-side Trends
4. Research Methodology
5. Analysis of COVID-19 Impact and Road Ahead
6. Market Indicators and Background
6.1. Macro-Economic Factors
6.2. Forecasting Factors
Robust assessment of various factors including industrial performance, industry players’ expenditures, and economic conditions, among others
6.3. Supply Chain & Value Chain Analysis
6.4. Industry SWOT Analysis
6.5. PESTLE Analysis
6.6. Porter’s Five Forces Analysis
7. Government Laws and Industry Regulations
8. Global and Regional Market Dynamics
8.1. Drivers
8.2. Restraints
8.3. Trends
8.4. Opportunities
9. Global Andalusite Market: Key Investment Analysis
9.1. By Key Industry Players
9.2. By Region
9.3. M&A Activities
Robust assessment of major investments made by various industry players across key regions
10. EXIM Analysis: Trade Data
10.1. Export Data by Volume (units) and Value (US$)
10.2. Import Data by Volume (units) and Value (US$)
11. Pricing Analysis
11.1. By Type
11.1.1. Pink Andalusite
11.1.2. Gray Andalusite
11.1.3. Yellow Andalusite
11.1.4. Green Andalusite
11.1.5. Violet Andalusite
11.2. By Region
11.2.1. North America
11.2.2. Latin America
11.2.3. Western Europe
11.2.4. Eastern Europe
11.2.5. Asia Pacific
11.2.6. Middle East & Africa
12. Parent Market Overview: Global Minerals and Materials Market Overview
13. Segmental Analysis
13.1. Global Andalusite Market by Type
13.1.1. Segment Overview
13.1.1.1. Pink Andalusite
13.1.1.2. Gray Andalusite
13.1.1.3. Yellow Andalusite
13.1.1.4. Green Andalusite
13.1.1.5. Violet Andalusite
13.2. Global Andalusite Market by Application
13.2.1. Segment Overview
13.2.1.1. Refractories
13.2.1.2. Foundry
13.2.1.3. Kiln Furniture
13.2.1.4. Others (Ceramics and Jewelry, etc.)
13.3. Global Andalusite Market by Region
13.3.1. North America
13.3.2. Latin America
13.3.3. Western Europe
13.3.4. Eastern Europe
13.3.5. Asia Pacific
13.3.6. Middle East & Africa
14. Regional Analysis
14.1. North America Andalusite Market Analysis and Forecast 2019-2028
14.1.1. Regional Market Overview and Key Takeaways
14.1.2. North America Andalusite Market by Type
14.1.3. North America Andalusite Market by Application
14.1.4. North America Andalusite Market by Country
14.1.4.1. US
14.2. Latin America Andalusite Market Analysis and Forecast 2019-2028
14.2.1. Regional Market Overview and Key Takeaways
14.2.2. Latin America Andalusite Market by Type
14.2.3. Latin America Andalusite Market by Application
14.2.4. Latin America Andalusite Market by Country
14.2.4.1. Brazil
14.2.4.2. Mexico
14.2.4.3. Rest of Latin America
14.3. Western Europe Andalusite Market Analysis and Forecast 2019-2028
14.3.1. Regional Market Overview and Key Takeaways
14.3.2. Western Europe Andalusite Market by Type
14.3.3. Western Europe Andalusite Market by Application
14.3.4. Western Europe Andalusite Market by Country
14.3.4.1. Germany
14.3.4.2. UK
14.3.4.3. France
14.3.4.4. Spain
14.3.4.5. Italy
14.3.4.6. Benelux
14.3.4.7. Nordic
14.3.4.8. Rest of Western Europe
14.4. Eastern Europe Andalusite Market Analysis and Forecast 2019-2028
14.4.1. Regional Market Overview and Key Takeaways
14.4.2. Eastern Europe Andalusite Market by Type
14.4.3. Eastern Europe Andalusite Market by Application
14.4.4. Eastern Europe Andalusite Market by Country
14.4.4.1. Russia
14.4.4.2. Poland
14.4.4.3. Rest of Eastern Europe
14.5. Asia Pacific Andalusite Market Analysis and Forecast 2019-2028
14.5.1. Regional Market Overview and Key Takeaways
14.5.2. Asia Pacific Andalusite Market by Type
14.5.3. Asia Pacific Andalusite Market by Application
14.5.4. Asia Pacific Andalusite Market by Country
14.5.4.1. China
14.5.4.2. Japan
14.5.4.3. India
14.5.4.4. South Korea
14.5.4.5. Australia
14.5.4.6. ASEAN
14.5.4.7. Rest of Asia-Pacific
14.6. Middle East & Africa Andalusite Market Analysis and Forecast 2019-2028
14.6.1. Regional Market Overview and Key Takeaways
14.6.2. Middle East & Africa Andalusite Market by Type
14.6.3. Middle East & Africa Andalusite Market by Application
14.6.4. Middle East & Africa Andalusite Market by Country
14.6.4.1. GCC
14.6.4.2. South Africa
14.6.4.3. Turkey
14.6.4.4. Rest of the Middle East & Africa
15. Competitive Landscape
15.1. Competition Dashboard
15.1.1. Global and Regional Market Share Analysis
15.1.2. Market Structure
15.2. Competitive Benchmarking
15.3. Key Strategy Analysis
15.4. Company Profiles
15.4.1. Andalucita S.A
15.4.1.1. Company Overview
15.4.1.2. Source/Service Offerings
15.4.1.3. Key Financials
15.4.1.4. Recent Developments
15.4.2. LKAB Minerals
15.4.2.1. Company Overview
15.4.2.2. Source/Service Offerings
15.4.2.3. Financials
15.4.2.4. Recent Developments
15.4.3. Andalusite Resources
15.4.3.1. Company Overview
15.4.3.2. Source/Service Offerings
15.4.3.3. Financials
15.4.3.4. Recent Developments
15.4.4. Resco Products
15.4.4.1. Company Overview
15.4.4.2. Source/Service Offerings
15.4.4.3. Financials
15.4.4.4. Recent Developments
15.4.5. Recursos Latinos S.A
15.4.5.1. Company Overview
15.4.5.2. Source/Service Offerings
15.4.5.3. Financials
15.4.5.4. Recent Developments
15.4.6. Rhino Minerals Pty Ltd
15.4.6.1. Company Overview
15.4.6.2. Source/Service Offerings
15.4.6.3. Financials
15.4.6.4. Recent Developments
15.4.7. Samrec Pty Ltd
15.4.7.1. Company Overview
15.4.7.2. Source/Service Offerings
15.4.7.3. Financials
15.4.7.4. Recent Developments
15.4.8. Damrec
15.4.8.1. Company Overview
15.4.8.2. Source/Service Offerings
15.4.8.3. Financials
15.4.8.4. Recent Developments
15.4.9. Picobello Andalucita
15.4.9.1. Company Overview
15.4.9.2. Source/Service Offerings
15.4.9.3. Financials
15.4.9.4. Recent Developments
15.4.10. Imerys Minerals Refractory Glomel
15.4.10.1. Company Overview
15.4.10.2. Source/Service Offerings
15.4.10.3. Financials
15.4.10.4. Recent Developments
15.4.11. Latin Resources Ltd.
15.4.11.1. Company Overview
15.4.11.2. Source/Service Offerings
15.4.11.3. Financials
15.4.11.4. Recent Developments
16. Disclaimer
Every Sample Includes
Research Methodology
Complete Table of Contents, List of Charts and Tables
Exclusive Facts & Illustrations
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