The global andalusite market is expected to grow at a CAGR of 3.80% in the forecast period of 2025-2034 to reach a value of USD 303.80 Million by 2034.
High Consumption of Andalusite in the Production of Refractory Materials to Boost the Andalusite Industry Growth
The refractories application segment leads the global market for andalusite and is expected to maintain its dominance in the forecast period. The growth can be attributed to the increasing demand for refractories in the steel industry, which is expected to remain a key driving factor for the market. Andalusite is widely utilised in the production of refractories owing to its properties like high purity, good thermal shock resistance, volume stability, low porosity, and chemical and creep resistance. Based on type, pink and grey andalusites are a preferred choice of use among consumers.
Region-wise, the Asia-Pacific is expected to witness a robust growth in the forecast period owing to the rapid industrialisation and urbanisation in the region. The growing product demand from various industries in the emerging nations like India and China is expected to contribute to the regional industry growth.
The growing construction activities across the globe to enhance the existing infrastructures and build new ones, which is driving the demand for steel, which, in turn, is contributing to the growth of the andalusite industry. This is supported by the growing global population and rapid urbanisation trends, particularly in the emerging regions. The production of steel involves the utilisation of refractories, which are largely used in blast furnaces owing to their ability to withstand high temperatures and thermal conductivity, thus, aiding the industry growth. Moreover, the increasing demand for cast metal products from the automotive industry is driving the growth of the foundry industry, which is another significant consumer of andalusite. Over the forecast period, the favourable government initiatives like the housing schemes and the development of modern infrastructures are expected to further propel the industry growth. However, with the outbreak of the COVID-19 pandemic and a halt in the production operations across the globe, the industry is expected to witness a considerable impact on its growth in the forecast period.
High Consumption of Andalusite in the Production of Refractory Materials to Boost the Andalusite Industry Growth
The refractories application segment leads the global market for andalusite and is expected to maintain its dominance in the forecast period. The growth can be attributed to the increasing demand for refractories in the steel industry, which is expected to remain a key driving factor for the market. Andalusite is widely utilised in the production of refractories owing to its properties like high purity, good thermal shock resistance, volume stability, low porosity, and chemical and creep resistance. Based on type, pink and grey andalusites are a preferred choice of use among consumers.
Region-wise, the Asia-Pacific is expected to witness a robust growth in the forecast period owing to the rapid industrialisation and urbanisation in the region. The growing product demand from various industries in the emerging nations like India and China is expected to contribute to the regional industry growth.
Andalusite: Market Segmentation
Andalusite, an aluminium nesosilicate mineral, belongs to the family of sillimanite. It is naturally found in metamorphic rocks. Being a polymorph of two minerals, namely, kyanite and sillimanite, it has similar chemical composition as compared to kyanite and sillimanite but different physical structures. It is commonly utilised in the production of refractory materials and serves as a precursor to porcelain.Based on type, the market is divided into:
- Pink
- Grey
- Yellow
- Green
- Violet
- Others
Based on application, the industry can be segmented into:
- Refractories
- Foundry
- Kiln Furniture
- Others
The regional markets for the product include:
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
The growing construction activities across the globe to enhance the existing infrastructures and build new ones, which is driving the demand for steel, which, in turn, is contributing to the growth of the andalusite industry. This is supported by the growing global population and rapid urbanisation trends, particularly in the emerging regions. The production of steel involves the utilisation of refractories, which are largely used in blast furnaces owing to their ability to withstand high temperatures and thermal conductivity, thus, aiding the industry growth. Moreover, the increasing demand for cast metal products from the automotive industry is driving the growth of the foundry industry, which is another significant consumer of andalusite. Over the forecast period, the favourable government initiatives like the housing schemes and the development of modern infrastructures are expected to further propel the industry growth. However, with the outbreak of the COVID-19 pandemic and a halt in the production operations across the globe, the industry is expected to witness a considerable impact on its growth in the forecast period.
Key Industry Players in the Global Andalusite Market
The report gives a detailed analysis of the following key players in the global andalusite market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:- Imerys Minerals Refractory Glomel
- Andalucita S.A.
- KePA Andalusite & Garnet Group
- LKAB Minerals AB
- Latin Resources Limited
- Others
Table of Contents
1 Executive Summary
2 Market Overview and Stakeholder Insights
3 Economic Summary
4 Country Risk Profiles
5 Global Andalusite Market Analysis
6 North America Andalusite Market Analysis
7 Europe Andalusite Market Analysis
8 Asia-Pacific Andalusite Market Analysis
9 Latin America Andalusite Market Analysis
10 Middle East and Africa Andalusite Market Analysis
11 Market Dynamics
13 Price Analysis
14 Competitive Landscape
Companies Mentioned
The key companies featured in this Andalusite market report include:- Imerys Minerals Refractory Glomel
- Andalucita S.A.
- KePA Andalusite & Garnet Group
- LKAB Minerals AB
- Latin Resources Limited
