H1 2023: In the first half of 2023, the Asian market faced fluctuations in the aluminosilicate prices. In the first three months of 2023, an inclination trend in aluminosilicate prices was observed. Aluminosilicate demand has increased as a result of China's accelerated infrastructure spending in the first quarter of this year, which also helped to boost economic growth, the operation of numerous downstream sectors, and the need for basic materials in general. After the Lunar Holidays, China's market reopened and saw an increase in foreign orders, which helped to maintain the price trend. However, prices went down from April in the Chinese market. Due to the subpar performance of the construction sector downstream, the market for aluminosilicate in China continued to be bearish. The manufacturing activities in China dropped below the predetermined threshold levels, showing a reduction in output and subpar performance from the construction industries. April onwards, the rate of market recovery slowed, and there was insufficient momentum for prices to grow. Due to China's muted exports, industrial production slowed down. On the other hand, Europe witnessed bearish Aluminosilicate market in H1 2023. Due to weak demand from the European region's downstream construction sectors, prices for aluminosilicate fell. The cost of the item decreased, and there were fewer new orders placed in Europe. An increase in material costs, and recessionary fears have all had a substantial impact on the construction industry in Europe. Due to the increasing construction expenses for real estate developers, businesses are scaled back the scope of their construction projects to account for inflation in Europe.
The global Aluminosilicate market stood around 380 thousand tonnes in 2022 and is expected to grow at an impressive CAGR of 4.82% during the forecast period until 2032.
Aluminosilicate is a mineral that can be produced economically as well as naturally. It plays a vital role in the creation of high-quality silicon and aluminium alloys. Aluminosilicate’s use in refractory materials, catalysts and additives, ceramics and abrasives are growth drivers of its market. Aluminosilicate glass is frequently used as an alternative to soda-lime glass because of its low-cost manufacturing technique, which uses raw ingredients including silica sand, limestone (calcium oxide), and alumina (aluminium oxide. The product's exceptional qualities, including as optical clarity, impact resistance. It finds uses in windscreens and windows for automobiles where safety comes first without sacrificing aesthetics or functionality elements like strength & impact resistance that are crucial when choosing automotive components for use across various end-use segments including transportation systems and wind turbines, among others.
Majority of the Aluminosilicate is currently employed by the Steel Industry. The market is being heavily impacted by the expanding construction activities, particularly in emerging nations. Additionally, the market is being positively impacted by the rising product demand in the construction industry. A good picture for the market is being created by expanding manufacturing industries, particularly machinery and equipment.. Additionally, the need for steel-based products is rising due to the growing world population. The market is likely to be strengthened by the rapid product utilisation in wind turbines and solar panel systems. The market is also benefiting from the expanding demand for steel pipes and infrastructure development. It is anticipated that the global consumption of Aluminosilicate will reach approximately 600 thousand tonnes by 2032.
Based on region, APAC is the leading consumer across the globe followed by Europe. In 2022, APAC held a market share of roughly 50%. The need for aluminosilicates in the region is anticipated to increase due to the steel and cement industries. The demand for steel is mostly driven by the building and construction industry for producing beams, columns, and reinforcing bars that guarantee the durability and strength of infrastructure and structures. The need for steel in this industry is still strong as urbanisation, population growth, and infrastructure development will likely bolster the demand for steel and directly influence the aluminosilicate market in the forthcoming years.
Based on type, the global Aluminosilicate market is divided into Andalusite, Kyanite, and Sillimanite. Andalusite is the largest market capturer with a market share around 73% of the total market in 2022. Kryanite is used in the automotive and railway industries, where heat resistance is crucial. Brake and clutch facings are made of mullite, which is a type of calcined kyanite.
Based on the end-user industry, the global Aluminosilicate market is segmented into Steel Industry, Cement Industry, Glass Industry, and Others. Although, Steel Industry is leading as a consumer, with a market share of approximately 62% of the total global demand in 2022. Glass bulbs for halogen lamps, high-temperature thermometers, and thermally and electrically highly loadable film resistors are among their principal applications of Aluminosilicate glass.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2024-2032
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Objective of the Study:
• To assess the demand-supply scenario of Aluminosilicate which covers demand and supply of Aluminosilicate market in the globe.
• To analyse and forecast the market size of Aluminosilicate
• To classify and forecast Global Aluminosilicate market based on end-use and regional distribution.
To extract data for Global Aluminosilicate market, primary research surveys were conducted with Aluminosilicate manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Aluminosilicate market over the coming years.
ChemAnalyst calculated Aluminosilicate demand in the globe by analyzing the historical data and demand forecast which was carried out considering the supply and demand of Aluminosilicate across the globe. ChemAnalyst sourced these values from industry experts, and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Aluminosilicate manufacturers and other stakeholders
• Organizations, forums and alliances related to Aluminosilicate distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Aluminosilicate manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Aluminosilicate s market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2022
380 thousand tonnes
Market size Volume by 2032
600 thousand tonnes
Growth Rate
CAGR of 6.34% from 2023 to 2032
Base year for estimation
2023
Historic Data
2015 – 2022
Forecast period
2024 – 2032
Quantitative units
Demand in thousand tonnes and CAGR from 2023 to 2032
Report coverage
Industry Market Size, Demand by End- Use, Demand by Type, Demand by Region, Demand by Sales Channel, Demand-Supply Gap
Segments covered
By End-Use: (Steel Industry, Cement Industry, Glass Industry, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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Mr.Shin Dosho
Member - Board of Directors
Osaka Gas Co. Ltd
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What is the expected global market size of Aluminosilicate in terms of volume for 2032?
Ans:
The global market size of Aluminosilicate is expected to reach approximately 600 thousand tonnes by 2032.
Q2.
Which region is the major consumer of Aluminosilicate?
Ans:
APAC is the major consumer of Aluminosilicate.
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