Analysis of the Andalusite Market: Assessment of Market Size, Trends, Statistics, and Competitors
Global Andalusite Market by Type (Pink, Gray, Green, Yellow, Violet, and Colorless), by Application (Kiln Furniture, Foundry, Refractories, and Other), and by Region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa) – Market Size, Share, COVID-19 Impact, Regional Analysis & Forecast Till 2030
Category - Chemical & Materials
Report Code - OMR-CM-102
Format: PDF, PPT, and Excel
Andalusite Market Overview
Andalusite, having the chemical formula Al2SiO5, is an aluminum nesosilicate. Delamétehrie called this mineral andalusite because he believed it originated in Andalusia, Spain. The study's specimens were from El Cardoso de la Sierra, in the Spanish province of Guadalajara, and not from Andalusia as first thought. Andalusite is the lower-pressure mid-temperature polymorph of kyanite and sillimanite, forming a trimorph. Andalusite might transform into sillimanite under the right conditions. Since andalusite is primarily utilized in the manufacturing of refractories, rising demand for refractories in the steel sector is likely to remain a significant driving force throughout the forecast period. Because of its great purity and exceptional qualities, including strong thermal shock resistance, low porosity, chemical inertness, and creep resistance, andalusite is often used to produce refractories. Blast furnaces employ refractories extensively because of their strong temperature resistance and thermal conductivity in steelmaking. The usage of refractories is expected to rise in response to the rising demand for steel across a wide range of end-use sectors, including construction. It is expected that worldwide steel consumption will increase throughout the projected period thanks to the building industry's rise due to rising populations and fast urbanization. As an essential component in foundry sand, the market will likely increase with the foundry industry as demand for cast metal goods from the automotive sector rises.
Andalusite Market Growth Factors
Widening Utilization of Refractories and Increasing Demand for Valuable Metals to Invite Growth Patterns
Andalusite is a common alumino-silicate used to make refractory linings. Refractory material must be naturally and synthetically stable at high temperatures, making it resistant to thermal shocks. Andalusite's low porosity, uniform volume, high virtue, and excellent thermal shock resistance make it an ideal material for refractories. Therefore, andalusite refractories are useful even in extreme conditions. Andalusite typically develops at low tension and high temperature but may also form under a wide range of pressure and temperature ranges via a transition to sillimanite or kyanite. The growing demand for andalusite in refractories from end-use industries like metallurgy is fueling the market. The automobile sector also makes use of refractories in the creation of steel applications. Andalusite-based products are widely used in Europe and Asia-Pacific to produce fired and unfired refractories. As demand for steel grows across a wide range of end-use industries, including construction, so will the need for refractories. Over the projection period, increased global steel consumption would lead to increased refractory production as the construction sector grew due to expanding population and fast urbanization.
Eco-Friendly Materials and Sustainable Building Materials to Pave the Way for Increasing Product Demand
Several reasons, reflecting a rising awareness and concern for environmental conservation and sustainable development methods, drive the increased demand for eco-friendly and sustainable construction materials. This movement is changing how building is done and impacting the decisions of professionals and consumers alike. The realization of the environmental effect of conventional construction processes is a major factor fueling the demand for eco-friendly and sustainable building materials. Concrete and steel are examples of conventional building materials, yet they are notorious for their high energy demands, carbon emissions, and resource depletion. Degradation of the environment, changes in the climate, and depletion of natural resources are all exacerbated by the extraction, production, and disposal of these materials. Therefore, other solutions are needed to lessen these drawbacks. Andalusite, an eco-friendly and sustainable construction material, can help alleviate these problems. Using recycled or renewable materials in their construction helps to reduce the need for new materials. These materials minimize landfill trash and the demand for fresh resource extraction since they are made partly from or otherwise utilized waste products. In addition, producing sustainable materials reduces energy use and greenhouse gas emissions. Healthy interior design is a major factor pushing the market for eco-friendly and sustainable construction materials. Indoor air pollution can be exacerbated by the off-gassing of volatile organic compounds (VOCs) and other toxic substances in conventional construction materials.
Andalusite Industry Segmentation
Type
• Pink
• Gray
• Green
• Yellow
• Violet
• Colorless
Application
• Kiln Furniture
• Foundry
• Refractories
• Other
Andalusite Market Regional Segmentation
North America
o U.S.
o Canada
o Mexico
Europe
o Germany
o U.K.
o France
o Spain
o Italy
o Rest of Europe (RoE)
Asia Pacific (APAC)
o Japan
o China
o India
o South Korea
o Rest of APAC
Latin America
o Argentina
o Brazil
o Rest of Latin America
Middle East & Africa
o South Africa
o UAE
o Saudi Arabia
o Rest of MEA
Application Insights
Refractory Applications to Accommodate Maximum Share Due to Increasing Demand from the Automobile Sector
Based on application, the market can be fragmented across kiln furniture, foundry, refractories, and others.
In 2022, refractory will have the largest share of the andalusite market. The manufacturing sector relies heavily on refractory materials due to the widespread application of refractory market finished goods in industries like construction and transportation. To melt down a car that weighs 1.3 tons, for instance, you could need as much as 10 kg of refractories in the form of bricks and mixes. Steel, glass, aluminium, copper, and plastics are all used in the production of automobiles. Therefore, an increase in this industry should increase demand for refractories.
Growth in the foundry industry will be quite rapid. Patterns, molds, and cores may all be made with foundry sand. Its low thermal expansion, heat resistance, and high refractoriness make it ideal for the heavy casting of iron and steel alloys, where veining is a problem. The problems associated with sand sintering & washing and metal penetration are all mitigated by its use.
Regional Insights
Asia Pacific to Tighten Its Grip on Global Market as Region Will Experience Enhanced Demand for Steel & Iron Along with Increasing Investments
The market can be differentiated between North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa based on geographical split.
Steel is widely used in various industries, including construction, transportation, and maritime construction. As a result, advancements and enhancements in these end-user sectors are forecast to increase demand for andalusite in the steel industry. The steel industry in China is the largest in the world. With a capacity of 1,032.8 tons of crude steel annually in 2021, the country produced more than half of the world's total. The country's anticipated high demand for steel suggests growth in the refractories industry. The ITC Trade Map reports that in 2020, the value of imports of the mineral commodities "andalusite, kyanite, and sillimanite" reached USD 15.97 million, up from USD 13.05 million in 2019, a 22% increase that may be indicative of rising demand in the region.
A large portion of projected earnings will come from the North American market. Andalusite is a vital raw element in the creation of casting molds. Therefore, consistent demand from the foundry sector is boosting sales in this area. The widespread use of environmentally friendly technologies like electric vehicles will likely boost demand for andalusite in the region. In addition, the region is generating more premium refractory materials, which will fuel industry expansion.
Europe's market is anticipated to have a high revenue growth rate throughout the forecast period. Increases in sales are being fueled by demand from foundries, ceramics, and glass manufacturers. The region's rising output of high-quality refractory materials is fueling the expansion of the market. Rising demand for high-quality steel and other metals from the construction and automotive sectors is also anticipated to increase the region's demand for andalusite.
Andalusite Industry Analysis
The global andalusite market is somewhat fragmented, with a few companies generating the lion's share of sales. To increase their foothold in the market, major competitors are using a wide range of tactics, such as mergers and acquisitions, strategic alliances, and the introduction of groundbreaking new goods.
To meet the needs of a wide range of industries, leading manufacturers, including Imerys Refractory Minerals, Andalusite Resources, Andalusia S.A., and Resco Products, are investing heavily in developing new and improved grades of andalusite. Resco Products built a new research and development center in Greensboro, North Carolina, in July 2018. The building's purpose was to launch new grades of andalusite and enhance existing ones.
Andalusite Market Recent Developments
• In January 2022 Imerys has declared the creation of a new, more durable refractory made from andalusite. The steel, glass, and ceramics sectors are just a few that are likely to benefit from this new refractory.
Global Andalusite Market Prominent Players
• Imerys Refractory Minerals (France)
• Andalusite Resources (South Africa)
• Andalusia S.A (Europe)
• Resco Products (U.S.)
• LKAB Minerals (Sweden)
• Damrec (Spain)
• Samrec (PTY) Ltd (South Africa)
• Shandong Wulia (China)
• Anglovaal Minerals S.A. (South Africa)
• Hooggenoeg Andalusite Pty (China)
Frequently Asked Questions (FAQs)
At what rate will the Andalusite Market Expand?
During the forecast period, the global andalusite Market is expected to grow at a CAGR of 5.2%, according to Objective Market Research.
What are the factors driving the global Andalusite market?
The global andalusite market will grow during the forecast period due to growing demand for refractory applications, increasing demand for steel & iron, rising focus on thermal insulation and soundproofing in buildings, advantages of andalusite, such as high durability and low maintenance requirements, and increasing construction activities in emerging economies.
Which segment accounted for the largest Andalusite market share by application?
In 2022, refractory will hold the highest market share for andalusite. Due to the extensive use of refractory market finished products in industries such as construction and transportation, the manufacturing industry relies significantly on refractory materials.
What region holds the major share in the global market scape?
Asia Pacific will hold the largest share of the market. Consequently, advancements and improvements in these end-user sectors are anticipated to boost the need for andalusite in the steel sector. China possesses the world's greatest steel industry.
Which are the dominating players in the market during the forecast period?
Dominant players in the global Andalusite market are LKAB Minerals (Sweden), Damrec (Spain), Samrec (PTY) Ltd (South Africa), Shandong Wulia (China), and Anglovaal Minerals S.A. (South Africa), among others.
*Our reports are available on a region/wise and chapter/wise basis as well. For any additional personalization contact our sales representative directly at sales@objectivemarketresearch.com
Table of Content
1. Introduction
1.1 Market Definition
1.2 Objective of the Study
1.3 Market Scope
1.4 Years Considered in the Study
1.4.1 Historic Year: 2019-2021
1.4.2 Base Year: 2022
1.4.3 Forecast Period: 2023-2030
1.5 Currency Used in the Study
1.6 Boundaries for the Study
1.7 Collaborators/Stakeholders/Benefactors
2. Research Methodology
2.1 Research Outline
2.2 Data Collection Methods
2.3 Data Sources
2.3.1 Secondary Sources
2.3.1.1 Paid Sources
2.3.1.2 Unpaid Sources
2.3.2 Primary Sources
2.4 Market Estimation Methodology
2.4.1 Top-Down Approach
2.4.2 Bottom-Up Approach
2.5 Data Triangulation
2.6 Assumptions of the Study
2.7 Limitations of the Study
3. Executive Summary
3.1 Market Outlook
3.2 Analysts Perspective
4. Market Overview
4.1 Market Dynamics
4.1.1 Drivers
1.1.1.1. Increasing Utilization of Refractories
1.1.1.2. Widening Demand for Valuable Metals
4.1.2. Restrain
4.1.2.1. Increased Pressure on Demand/Supply Chain
4.1.3. Opportunities
4.1.3.1. Changing Preference Towards Eco-Friendly Applications
4.1.4. Impact of Market Dynamics
4.2. Impact of COVID-19 pandemic
4.3. Value Chain Analysis
4.4. Porter’s Five Forces Analysis
4.4.1. Bargaining Power of Buyers
4.4.2. Bargaining Power of Suppliers
4.4.3. Threat of Substitution
4.4.4. Threat of New Entrants
4.4.5. Competitive Rivalry
5. Global Andalusite Market Analysis & Forecast, by Type from 2019-2030 (in USD million) (in Tons)
5.1. Pink
5.2. Gray
5.3. Green
5.4. Yellow
5.5. Violet
5.6. Colorless
6. Global Andalusite Market Analysis & Forecast, by Application from 2019-2030 (in USD million) (in Tons)
6.1. Kiln Furniture
6.2. Foundry
6.3. Refractories
6.4. Other
7. Global Andalusite Market Analysis & Forecast, by Region from 2019-2030 (in USD million) (in Tons)
7.1. North America
7.1.1. North America Andalusite Market Analysis & Forecast, By Country
7.1.1.1. U.S.
7.1.1.2. Canada
7.1.1.3. Mexico
7.1.2. North America Andalusite Market Analysis & Forecast, By Type
7.1.3. North America Andalusite Market Analysis & Forecast, By Application
7.2. Europe
7.2.1. Europe Andalusite Market Analysis & Forecast, By Country
7.2.1.1. Germany
7.2.1.2. UK
7.2.1.3. France
7.2.1.4. Spain
7.2.1.5. Italy
7.2.1.6. Rest of Europe (RoE)
7.2.2. Europe Andalusite Market Analysis & Forecast, By Type
7.2.3. Europe Andalusite Market Analysis & Forecast, By Application
7.3. Asia-Pacific (APAC)
7.3.1. Asia-Pacific Andalusite Market Analysis & Forecast, By Country
7.3.1.1. Japan
7.3.1.2. China
7.3.1.3. India
7.3.1.4. South Korea
7.3.1.5. Rest of the APAC
7.3.2. Asia-Pacific Andalusite Market Analysis & Forecast, By Type
7.3.3. Asia-Pacific Andalusite Market Analysis & Forecast, By Application
7.4. Latin America
7.4.1. Latin America Andalusite Market Analysis & Forecast, By Country/Region
7.4.1.1. Argentina
7.4.1.2. Brazil
7.4.1.3. Rest of Latin America
7.4.2. Latin America Andalusite Market Analysis & Forecast, By Type
7.4.3. Latin America Andalusite Market Analysis & Forecast, By Application
7.5. Middle East & Africa
7.5.1. Middle East & Africa Andalusite Market Analysis & Forecast, By Country/Region
7.5.1.1. South Africa
7.5.1.2. UAE
7.5.1.3. Saudi Arabia
7.5.1.4. Rest of Middle East & Africa
7.5.2. Middle East & Africa Andalusite Market Analysis & Forecast, By Type
7.5.3. Middle East & Africa Andalusite Market Analysis & Forecast, By Application
8. Competitive Landscape
8.1. Market Share Analysis (2022)
8.2. Market Positioning of Top Players (2022)
8.3. Key Developments & Growth Strategies (2020-2022)
8.3.1. Product Launches
8.3.2. Merges, Collaborations & Agreements
8.3.3. Expansion
8.4. SWOT Analysis
9. Company Profiles (Business Overview, Products Offered, Financial Details*, Recent Developments)
9.1. Imerys Refractory Minerals (France)
9.1.1. Company Snapshot
9.1.2. Business Overview
9.1.3. Financial Data
9.1.4. Key Products Offered
9.1.5. Recent Developments
9.2. Andalusite Resources (South Africa)
9.3. Andalusia S.A (Europe)
9.4. Resco Products (U.S.)
9.5. LKAB Minerals (Sweden)
9.6. Damrec (Spain)
9.7. Samrec (PTY) Ltd (South Africa)
9.8. Shandong Wulia (China)
9.9. Anglovaal Minerals S.A. (South Africa)
9.10. Hooggenoeg Andalusite Pty (China)
9.11. Others
10. Appendix
10.1. Currency Exchange Rate to USD
10.2. Abbreviations
* Financial details captured might be subjected to information available and not be given for privately-held companies or for companies that do not report it in the public domain