Andalusite Market

Andalusite Market Size, Share, Growth Analysis, By Application(Refractories, Foundry), By Regional (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)(North America, The U.S.) - Industry Forecast 2024-2031

Report ID: UCMIG15M2010 | Region: Global | Published Date: Upcoming |
Pages: 165 | Tables: 55 | Figures: 60

Andalusite Market Insights

Market Overview:

The global andalusite market has demonstrated significant growth, with a valuation of USD 171.5 million recorded in 2018. Forecasts suggest a compelling trajectory ahead, with an anticipated compound annual growth rate (CAGR) of 7.3% from 2019 through 2025 in terms of revenue. This projected expansion can be attributed to a notable surge in demand for refractories within the steel industry. Notably, andalusite plays a pivotal role in refractory production, positioning it as a vital component for sustaining this growth. As the steel industry continues to thrive, the reliance on andalusite for its unique properties in enhancing refractory materials is poised to be a key driver of market expansion throughout the forecast period.

Andalusite Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.

Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.

The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Precious Metals & Minerals by segment aggregation, the contribution of the Precious Metals & Minerals in Diversified Materials and vendor share.

To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.

Segmentation Analysis:

The Andalusite Market is segmented by Application, Regional (Volume, Kilotons; Revenue, USD Million, 2014 - 2025). We are analyzing the market of these segments to identify which segment is the largest now and in the future, which segment has the highest growth rate, and the segment which offers the opportunity in the future.

Andalusite Market Basis Point Share Analysis, 2021 Vs. 2028
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  • Based on Application the market is segmented as, Refractories, Foundry, Kiln Furniture, Other applications
  • Based on Regional (Volume, Kilotons; Revenue, USD Million, 2014 - 2025) the market is segmented as, North America, The U.S., Canada, Mexico, Europe, Germany, Russia, Turkey, Asia Pacific, China, India, Central & South America, Brazil, Middle East & Africa, KEY MARKET PLAYERS, Imerys Refractory Minerals, Andalusite Resources, Andalusia S.A.

Regional Analysis:

Andalusite Market is being analyzed by North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA) regions. Key countries including the U.S., Canada, Germany, France, UK, Italy, Spain, China, India, Japan, Brazil, GCC Countries, and South Africa among others were analyzed considering various micro and macro trends.

Andalusite Market Attractiveness Analysis, By Region 2020-2028
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Andalusite Market : Risk Analysis

SkyQuest's expert analysts have conducted a risk analysis to understand the impact of external extremities on Andalusite Market. We analyzed how geopolitical influence, natural disasters, climate change, legal scenario, economic impact, trade & economic policies, social & ethnic concerns, and demographic changes might affect Andalusite Market's supply chain, distribution, and total revenue growth.

Competitive landscaping:

To understand the competitive landscape, we are analyzing key Andalusite Market vendors in the market. To understand the competitive rivalry, we are comparing the revenue, expenses, resources, product portfolio, region coverage, market share, key initiatives, product launches, and any news related to the Andalusite Market.

To validate our hypothesis and validate our findings on the market ecosystem, we are also conducting a detailed porter's five forces analysis. Competitive Rivalry, Supplier Power, Buyer Power, Threat of Substitution, and Threat of New Entry each force is analyzed by various parameters governing those forces.

Key Players Covered in the Report:

  • sights
  • The global andalusite market size was USD 171.5 million in 2018 and is anticipated to exhibit a revenue-based CAGR of 7.3% from 2019 to 2025. Increasing demand for refractories in the steel industry is expected to remain a key driving factor over the forecast period, as andalusite is mostly used in refractory production.
  • The phenomenal properties of andalusite such as volume stability, high thermal shock, low porosity, and chemical and creep resistance along with the high level of purity, make it suitable for use in the manufacturing of refractories. Refractories are largely used in blast furnaces during the production of steel owing to properties such as the ability to withstand high temperature and thermal conductivity.
  • Growing demand for steel in various end-use industries such as construction is anticipated to increase the utilization of refractories. The growth in the construction industry owing to the increasing population and rapid urbanization is likely to propel global steel consumption, which is anticipated to augment refractory production over the forecast period.
  • Rising demand for cast metal products from the automotive industry is expected to augment the foundry industry growth which, in turn, will propel the market as it is an important component in foundry sand. According to the Foundry Informatics Centre, the global casting production increased by nearly 5.3% from 2017 to 2018, which is likely to augment the demand for andalusite over the coming years.
  • The market growth is anticipated to be hindered by the supply-demand imbalance. Andalusite’s production is limited as commercial deposits are concentrated in South Africa, France, and Peru, which is insufficient in meeting the consumer demand. The heavy rainfall in 2017 in South Africa and Peru caused a decline in production and hence supply deficit was reported, thereby leading to a price surge in the andalusite market. These factors can result in the consumers switching to alternatives such as bauxite owing to abundant availability, thus hampering the market growth.
  • Application Insights
  • Refractory was the largest segment in 2018 with a market revenue share of 87.0% Andalusite is used in the linings of kilns and boilers to protect equipment from high temperatures. Refractory products provide resistance against corrosion, abrasion, and any other attack.
  • Refractory materials form a significant portion of the overall manufacturing segment as finished products of the refractory market are used in various industries including construction and automotive. For example, the manufacturing of a car weighing 1.3 tons can require up to 10 kilograms of refractories in the form of bricks and mixes. Hence, 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 as foundry sand is suitable for the production of patterns, molds, and cores. Considering its anti-veining properties such as low thermal expansion, heat resistance, and high refractoriness, it is preferred for the heavy casting of iron and steel alloys. Besides, it also helps in minimizing issues related to sand sintering, sand-washing, and metal penetration.
  • The kiln furniture segment is anticipated to witness a CAGR of 4.3% in terms of volume over the coming years owing to the growing demand from ceramics and automotive industries. Andalusite shapes are used in making kiln furniture, such as saggars and shelves that are used in investment castings, thermal processing, and glass. A benefit of using andalusite over other minerals is, it can be used in raw form, while certain minerals such as kyanite need to be calcined for high-temperature applications.
  • Regional Insights
  • Europe was the largest segment in 2018 accounting for a revenue share of 67.3%, owing to the growth in the construction industry in which refractories are used in producing cement. In October 2018, the European Commission announced to invest USD 773 million in developing 49 key projects in transportation infrastructure in the region. This is expected to drive the demand for refractories which, in turn, is anticipated to augment the market growth over the coming years.
  • The Asia Pacific market is dominated by China owing to the increasing production of refractories. It produced nearly 23 million tons of refractories in 2017, which are majorly consumed by the steel industry. The growing demand for steel in the country is anticipated to augment market growth over the coming years. The demand for andalusite in the country is also from the foundry industry. In 2018, China increased its foundry casting production by 2 million tons to reach a total production of 49.4 million tons owing to the growing demand from the manufacturing sector.
  • In North America, the market is driven by the growing steel and foundry industries. 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 in the region. In 2018, major automakers in the region announced a combined investment of USD 4.8 billion in capacity expansions, new product launches, and construction of new facilities, which is expected to augment the consumption of andalusite over the coming years.
  • In the Middle East and Africa, South Africa is the largest producer and exporter of andalusite and according to the USGS, the country produced 200,000 tons in 2018. Increasing production of steel in the Middle East and Africa is propelling the consumption of refractories, thus, resulting in an increased demand for andalusite. According to the World Steel Association, crude steel production increased by 11.7% from 2017 to 2018 in the region.
  • Andalusite Market Share Insights
  • In July 2018, Resco Products constructed a new R&D facility in Greensboro, North Carolina, which was aimed at launching various grades of andalusite and to improve product performance.
  • KEY MARKET SEGMENTS
  • By Application
  • Refractories
  • Foundry
  • Kiln Furniture
  • Other applications
  • By Regional (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
  • North America
  • The U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • Russia
  • Turkey
  • Asia Pacific
  • China
  • India
  • Central & South America
  • Brazil
  • Middle East & Africa
  • KEY MARKET PLAYERS
  • Imerys Refractory Minerals
  • Andalusite Resources
  • Andalusia S.A.
  • Resco

SkyQuest's Expertise:

The Andalusite Market is being analyzed by SkyQuest's analysts with the help of 20+ scheduled Primary interviews from both the demand and supply sides. We have already invested more than 250 hours on this report and are still refining our date to provide authenticated data to your readers and clients. Exhaustive primary and secondary research is conducted to collect information on the market, peer market, and parent market.

Our cross-industry experts and revenue-impact consultants at SkyQuest enable our clients to convert market intelligence into actionable, quantifiable results through personalized engagement.

Scope Of Report

Report Attribute Details
The base year for estimation 2021
Historical data 2016 – 2022
Forecast period 2022 – 2028
Report coverage Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis
Segments covered
  • By Application - Refractories, Foundry, Kiln Furniture, Other applications
  • By Regional (Volume, Kilotons; Revenue, USD Million, 2014 - 2025) - North America, The U.S., Canada, Mexico, Europe, Germany, Russia, Turkey, Asia Pacific, China, India, Central & South America, Brazil, Middle East & Africa, KEY MARKET PLAYERS, Imerys Refractory Minerals, Andalusite Resources, Andalusia S.A.
Regional scope North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA)
Country scope U.S., Canada, Germany, France, UK, Italy, Spain, China, India, Japan, Brazil, GCC Countries, South Africa
Key companies profiled
  • sights
  • The global andalusite market size was USD 171.5 million in 2018 and is anticipated to exhibit a revenue-based CAGR of 7.3% from 2019 to 2025. Increasing demand for refractories in the steel industry is expected to remain a key driving factor over the forecast period, as andalusite is mostly used in refractory production.
  • The phenomenal properties of andalusite such as volume stability, high thermal shock, low porosity, and chemical and creep resistance along with the high level of purity, make it suitable for use in the manufacturing of refractories. Refractories are largely used in blast furnaces during the production of steel owing to properties such as the ability to withstand high temperature and thermal conductivity.
  • Growing demand for steel in various end-use industries such as construction is anticipated to increase the utilization of refractories. The growth in the construction industry owing to the increasing population and rapid urbanization is likely to propel global steel consumption, which is anticipated to augment refractory production over the forecast period.
  • Rising demand for cast metal products from the automotive industry is expected to augment the foundry industry growth which, in turn, will propel the market as it is an important component in foundry sand. According to the Foundry Informatics Centre, the global casting production increased by nearly 5.3% from 2017 to 2018, which is likely to augment the demand for andalusite over the coming years.
  • The market growth is anticipated to be hindered by the supply-demand imbalance. Andalusite’s production is limited as commercial deposits are concentrated in South Africa, France, and Peru, which is insufficient in meeting the consumer demand. The heavy rainfall in 2017 in South Africa and Peru caused a decline in production and hence supply deficit was reported, thereby leading to a price surge in the andalusite market. These factors can result in the consumers switching to alternatives such as bauxite owing to abundant availability, thus hampering the market growth.
  • Application Insights
  • Refractory was the largest segment in 2018 with a market revenue share of 87.0% Andalusite is used in the linings of kilns and boilers to protect equipment from high temperatures. Refractory products provide resistance against corrosion, abrasion, and any other attack.
  • Refractory materials form a significant portion of the overall manufacturing segment as finished products of the refractory market are used in various industries including construction and automotive. For example, the manufacturing of a car weighing 1.3 tons can require up to 10 kilograms of refractories in the form of bricks and mixes. Hence, 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 as foundry sand is suitable for the production of patterns, molds, and cores. Considering its anti-veining properties such as low thermal expansion, heat resistance, and high refractoriness, it is preferred for the heavy casting of iron and steel alloys. Besides, it also helps in minimizing issues related to sand sintering, sand-washing, and metal penetration.
  • The kiln furniture segment is anticipated to witness a CAGR of 4.3% in terms of volume over the coming years owing to the growing demand from ceramics and automotive industries. Andalusite shapes are used in making kiln furniture, such as saggars and shelves that are used in investment castings, thermal processing, and glass. A benefit of using andalusite over other minerals is, it can be used in raw form, while certain minerals such as kyanite need to be calcined for high-temperature applications.
  • Regional Insights
  • Europe was the largest segment in 2018 accounting for a revenue share of 67.3%, owing to the growth in the construction industry in which refractories are used in producing cement. In October 2018, the European Commission announced to invest USD 773 million in developing 49 key projects in transportation infrastructure in the region. This is expected to drive the demand for refractories which, in turn, is anticipated to augment the market growth over the coming years.
  • The Asia Pacific market is dominated by China owing to the increasing production of refractories. It produced nearly 23 million tons of refractories in 2017, which are majorly consumed by the steel industry. The growing demand for steel in the country is anticipated to augment market growth over the coming years. The demand for andalusite in the country is also from the foundry industry. In 2018, China increased its foundry casting production by 2 million tons to reach a total production of 49.4 million tons owing to the growing demand from the manufacturing sector.
  • In North America, the market is driven by the growing steel and foundry industries. 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 in the region. In 2018, major automakers in the region announced a combined investment of USD 4.8 billion in capacity expansions, new product launches, and construction of new facilities, which is expected to augment the consumption of andalusite over the coming years.
  • In the Middle East and Africa, South Africa is the largest producer and exporter of andalusite and according to the USGS, the country produced 200,000 tons in 2018. Increasing production of steel in the Middle East and Africa is propelling the consumption of refractories, thus, resulting in an increased demand for andalusite. According to the World Steel Association, crude steel production increased by 11.7% from 2017 to 2018 in the region.
  • Andalusite Market Share Insights
  • In July 2018, Resco Products constructed a new R&D facility in Greensboro, North Carolina, which was aimed at launching various grades of andalusite and to improve product performance.
  • KEY MARKET SEGMENTS
  • By Application
  • Refractories
  • Foundry
  • Kiln Furniture
  • Other applications
  • By Regional (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
  • North America
  • The U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • Russia
  • Turkey
  • Asia Pacific
  • China
  • India
  • Central & South America
  • Brazil
  • Middle East & Africa
  • KEY MARKET PLAYERS
  • Imerys Refractory Minerals
  • Andalusite Resources
  • Andalusia S.A.
  • Resco
Customization scope Free report customization (15% Free customization) with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options Reap the benefits of customized purchase options to fit your specific research requirements.

Objectives of the Study

  • To forecast the market size, in terms of value, for various segments with respect to five main regions, namely, North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA)
  • To provide detailed information regarding the major factors influencing the growth of the Market (drivers, restraints, opportunities, and challenges)
  • To strategically analyze the micro markets with respect to the individual growth trends, future prospects, and contribution to the total market
  • To provide a detailed overview of the value chain and analyze market trends with the Porter's five forces analysis
  • To analyze the opportunities in the market for various stakeholders by identifying the high-growth Segments
  • To identify the key players and comprehensively analyze their market position in terms of ranking and core competencies, along with detailing the competitive landscape for the market leaders
  • To analyze competitive development such as joint ventures, mergers and acquisitions, new product launches and development, and research and development in the market

What does this Report Deliver?

  • Market Estimation for 20+ Countries
  • Historical data coverage: 2016 to 2022
  • Growth projections: 2022 to 2028
  • SkyQuest's premium market insights: Innovation matrix, IP analysis, Production Analysis, Value chain analysis, Technological trends, and Trade analysis
  • Customization on Segments, Regions, and Company Profiles
  • 100+ tables, 150+ Figures, 10+ matrix
  • Global and Country Market Trends
  • Comprehensive Mapping of Industry Parameters
  • Attractive Investment Proposition
  • Competitive Strategies Adopted by Leading Market Participants
  • Market drivers, restraints, opportunities, and its impact on the market
  • Regulatory scenario, regional dynamics, and insights of leading countries in each region
  • Segment trends analysis, opportunity, and growth
  • Opportunity analysis by region and country
  • Porter's five force analysis to know the market's condition
  • Pricing analysis
  • Parent market analysis
  • Product portfolio benchmarking

Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Andalusite Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Andalusite Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)
  • sights
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • The global andalusite market size was USD 171.5 million in 2018 and is anticipated to exhibit a revenue-based CAGR of 7.3% from 2019 to 2025. Increasing demand for refractories in the steel industry is expected to remain a key driving factor over the forecast period, as andalusite is mostly used in refractory production.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • The phenomenal properties of andalusite such as volume stability, high thermal shock, low porosity, and chemical and creep resistance along with the high level of purity, make it suitable for use in the manufacturing of refractories. Refractories are largely used in blast furnaces during the production of steel owing to properties such as the ability to withstand high temperature and thermal conductivity.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Growing demand for steel in various end-use industries such as construction is anticipated to increase the utilization of refractories. The growth in the construction industry owing to the increasing population and rapid urbanization is likely to propel global steel consumption, which is anticipated to augment refractory production over the forecast period.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Rising demand for cast metal products from the automotive industry is expected to augment the foundry industry growth which, in turn, will propel the market as it is an important component in foundry sand. According to the Foundry Informatics Centre, the global casting production increased by nearly 5.3% from 2017 to 2018, which is likely to augment the demand for andalusite over the coming years.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • The market growth is anticipated to be hindered by the supply-demand imbalance. Andalusite’s production is limited as commercial deposits are concentrated in South Africa, France, and Peru, which is insufficient in meeting the consumer demand. The heavy rainfall in 2017 in South Africa and Peru caused a decline in production and hence supply deficit was reported, thereby leading to a price surge in the andalusite market. These factors can result in the consumers switching to alternatives such as bauxite owing to abundant availability, thus hampering the market growth.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Application Insights
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Refractory was the largest segment in 2018 with a market revenue share of 87.0% Andalusite is used in the linings of kilns and boilers to protect equipment from high temperatures. Refractory products provide resistance against corrosion, abrasion, and any other attack.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Refractory materials form a significant portion of the overall manufacturing segment as finished products of the refractory market are used in various industries including construction and automotive. For example, the manufacturing of a car weighing 1.3 tons can require up to 10 kilograms of refractories in the form of bricks and mixes. Hence, 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.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Andalusite as foundry sand is suitable for the production of patterns, molds, and cores. Considering its anti-veining properties such as low thermal expansion, heat resistance, and high refractoriness, it is preferred for the heavy casting of iron and steel alloys. Besides, it also helps in minimizing issues related to sand sintering, sand-washing, and metal penetration.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • The kiln furniture segment is anticipated to witness a CAGR of 4.3% in terms of volume over the coming years owing to the growing demand from ceramics and automotive industries. Andalusite shapes are used in making kiln furniture, such as saggars and shelves that are used in investment castings, thermal processing, and glass. A benefit of using andalusite over other minerals is, it can be used in raw form, while certain minerals such as kyanite need to be calcined for high-temperature applications.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Regional Insights
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Europe was the largest segment in 2018 accounting for a revenue share of 67.3%, owing to the growth in the construction industry in which refractories are used in producing cement. In October 2018, the European Commission announced to invest USD 773 million in developing 49 key projects in transportation infrastructure in the region. This is expected to drive the demand for refractories which, in turn, is anticipated to augment the market growth over the coming years.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • The Asia Pacific market is dominated by China owing to the increasing production of refractories. It produced nearly 23 million tons of refractories in 2017, which are majorly consumed by the steel industry. The growing demand for steel in the country is anticipated to augment market growth over the coming years. The demand for andalusite in the country is also from the foundry industry. In 2018, China increased its foundry casting production by 2 million tons to reach a total production of 49.4 million tons owing to the growing demand from the manufacturing sector.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • In North America, the market is driven by the growing steel and foundry industries. 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 in the region. In 2018, major automakers in the region announced a combined investment of USD 4.8 billion in capacity expansions, new product launches, and construction of new facilities, which is expected to augment the consumption of andalusite over the coming years.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • In the Middle East and Africa, South Africa is the largest producer and exporter of andalusite and according to the USGS, the country produced 200,000 tons in 2018. Increasing production of steel in the Middle East and Africa is propelling the consumption of refractories, thus, resulting in an increased demand for andalusite. According to the World Steel Association, crude steel production increased by 11.7% from 2017 to 2018 in the region.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Andalusite Market Share Insights
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • In July 2018, Resco Products constructed a new R&D facility in Greensboro, North Carolina, which was aimed at launching various grades of andalusite and to improve product performance.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • KEY MARKET SEGMENTS
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • By Application
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Refractories
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Foundry
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Kiln Furniture
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Other applications
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • By Regional (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • North America
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • The U.S.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Canada
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Mexico
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Europe
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Germany
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Russia
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Turkey
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Asia Pacific
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • China
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • India
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Central & South America
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Brazil
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Middle East & Africa
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • KEY MARKET PLAYERS
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Imerys Refractory Minerals
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Andalusite Resources
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Andalusia S.A.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Resco
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments

Methodology

For the Andalusite Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Andalusite Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Andalusite Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Andalusite Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

The global market for Andalusite was estimated to be valued at US$ XX Mn in 2021.

The global Andalusite Market is estimated to grow at a CAGR of XX% by 2028.

The global Andalusite Market is segmented on the basis of Application, Regional (Volume, Kilotons; Revenue, USD Million, 2014 - 2025).

Based on region, the global Andalusite Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

The key players operating in the global Andalusite Market are sights , The global andalusite market size was USD 171.5 million in 2018 and is anticipated to exhibit a revenue-based CAGR of 7.3% from 2019 to 2025. Increasing demand for refractories in the steel industry is expected to remain a key driving factor over the forecast period, as andalusite is mostly used in refractory production. , The phenomenal properties of andalusite such as volume stability, high thermal shock, low porosity, and chemical and creep resistance along with the high level of purity, make it suitable for use in the manufacturing of refractories. Refractories are largely used in blast furnaces during the production of steel owing to properties such as the ability to withstand high temperature and thermal conductivity. , Growing demand for steel in various end-use industries such as construction is anticipated to increase the utilization of refractories. The growth in the construction industry owing to the increasing population and rapid urbanization is likely to propel global steel consumption, which is anticipated to augment refractory production over the forecast period. , Rising demand for cast metal products from the automotive industry is expected to augment the foundry industry growth which, in turn, will propel the market as it is an important component in foundry sand. According to the Foundry Informatics Centre, the global casting production increased by nearly 5.3% from 2017 to 2018, which is likely to augment the demand for andalusite over the coming years. , The market growth is anticipated to be hindered by the supply-demand imbalance. Andalusite’s production is limited as commercial deposits are concentrated in South Africa, France, and Peru, which is insufficient in meeting the consumer demand. The heavy rainfall in 2017 in South Africa and Peru caused a decline in production and hence supply deficit was reported, thereby leading to a price surge in the andalusite market. These factors can result in the consumers switching to alternatives such as bauxite owing to abundant availability, thus hampering the market growth. , Application Insights , Refractory was the largest segment in 2018 with a market revenue share of 87.0% Andalusite is used in the linings of kilns and boilers to protect equipment from high temperatures. Refractory products provide resistance against corrosion, abrasion, and any other attack. , Refractory materials form a significant portion of the overall manufacturing segment as finished products of the refractory market are used in various industries including construction and automotive. For example, the manufacturing of a car weighing 1.3 tons can require up to 10 kilograms of refractories in the form of bricks and mixes. Hence, 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 as foundry sand is suitable for the production of patterns, molds, and cores. Considering its anti-veining properties such as low thermal expansion, heat resistance, and high refractoriness, it is preferred for the heavy casting of iron and steel alloys. Besides, it also helps in minimizing issues related to sand sintering, sand-washing, and metal penetration. , The kiln furniture segment is anticipated to witness a CAGR of 4.3% in terms of volume over the coming years owing to the growing demand from ceramics and automotive industries. Andalusite shapes are used in making kiln furniture, such as saggars and shelves that are used in investment castings, thermal processing, and glass. A benefit of using andalusite over other minerals is, it can be used in raw form, while certain minerals such as kyanite need to be calcined for high-temperature applications. , Regional Insights , Europe was the largest segment in 2018 accounting for a revenue share of 67.3%, owing to the growth in the construction industry in which refractories are used in producing cement. In October 2018, the European Commission announced to invest USD 773 million in developing 49 key projects in transportation infrastructure in the region. This is expected to drive the demand for refractories which, in turn, is anticipated to augment the market growth over the coming years. , The Asia Pacific market is dominated by China owing to the increasing production of refractories. It produced nearly 23 million tons of refractories in 2017, which are majorly consumed by the steel industry. The growing demand for steel in the country is anticipated to augment market growth over the coming years. The demand for andalusite in the country is also from the foundry industry. In 2018, China increased its foundry casting production by 2 million tons to reach a total production of 49.4 million tons owing to the growing demand from the manufacturing sector. , In North America, the market is driven by the growing steel and foundry industries. 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 in the region. In 2018, major automakers in the region announced a combined investment of USD 4.8 billion in capacity expansions, new product launches, and construction of new facilities, which is expected to augment the consumption of andalusite over the coming years. , In the Middle East and Africa, South Africa is the largest producer and exporter of andalusite and according to the USGS, the country produced 200,000 tons in 2018. Increasing production of steel in the Middle East and Africa is propelling the consumption of refractories, thus, resulting in an increased demand for andalusite. According to the World Steel Association, crude steel production increased by 11.7% from 2017 to 2018 in the region. , Andalusite Market Share Insights , In July 2018, Resco Products constructed a new R&D facility in Greensboro, North Carolina, which was aimed at launching various grades of andalusite and to improve product performance. , KEY MARKET SEGMENTS, By Application, Refractories , Foundry , Kiln Furniture , Other applications , By Regional (Volume, Kilotons; Revenue, USD Million, 2014 - 2025) , North America , The U.S. , Canada , Mexico , Europe , Germany , Russia , Turkey , Asia Pacific , China , India , Central & South America , Brazil , Middle East & Africa , KEY MARKET PLAYERS, Imerys Refractory Minerals , Andalusite Resources , Andalusia S.A. , Resco.

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