Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 179.21 Million | USD 205.96 Million | 2.2% | 2022 |
FrequentlyAsked Questions
Nephelinite is a fine aphanitic igneous rock made of pyroxene and nepheline. Nepheline syenite is massively utilized in making inks, plastics, adhesives, paints, and coatings due to its capability to enhance performance.
The global nepheline market is predicted to increase at a CAGR of 2.2% during the forecast period.
The global nepheline market was worth around $179.21 million in 2022 and is anticipated to surpass $205.96 million by the end of 2030.
The global market for nepheline market is driven by the increasing demand for construction materials, ceramics, and glass products, along with the rising trend of sustainable and eco-friendly practices. Additionally, the growing investments in the manufacturing industry and the availability of low-cost labor are driving the growth of the market.
The Asia-Pacific region is expected to witness significant growth in the nepheline market due to factors such as increasing urbanization, growing population, rising investments in the manufacturing industry, and the growing trend of sustainable and eco-friendly practices.
Some of the major companies operating in the nepheline market include North Cape Minerals AS, Fineton Industrial Minerals Ltd., The Quartz Corporation, LB Minerals, Ltd., Pacer Minerals LLC, Geominerals Corp., Eti Maden, Gimpex Ltd., Sino-North Enterprises, EuroChem, I-Minerals, The 3M Company, SCR Sibelco, Anyang Country Mining Co. Ltd., Anglo Pacific Minerals Ltd., Phos Agro Group of Companies Unimin Corp. (COVIA), and AGSCO Corporation.
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