The Andalusite market was valued at US$ 239.28 million in 2023 and is expected to grow at a CAGR of 7.3% from 2024 to 2030, reaching approximately US$ 391.85 million by 2030.
Andalusite Market Overview:
Andalusite, an alumino-silicate mineral, is a key material used in various high-temperature applications, particularly in the manufacturing of refractories. Found primarily in South Africa, France, and Peru, Andalusite is essential for industries such as steel, glass, aluminum, and ceramics. It is a polymorph of kyanite and sillimanite, known for its excellent resistance to high temperatures and thermal shock, making it an ideal component for refractory linings in incinerators, heaters, and reactors.
Market Scope:
The Andalusite market is driven by the growing demand for refractories and steel production. As urbanization and industrial activities expand globally, the need for Andalusite in construction, automotive, and foundry industries is expected to rise. The increasing application of Andalusite in foundries and kiln furniture, coupled with the expansion of the steel and construction industries, contributes to the market’s growth trajectory.
Segmentation: By Application:
Refractory: Dominates the market, accounting for 87% of the share in 2023. It is extensively used in the construction and automotive industries.
Foundry: Holds a market share of 8.7% in 2023. Andalusite is essential for making molds and cores in heavy casting of alloys.
Kiln Furniture: Accounts for 4.3% of the market in 2023, with increased demand from ceramics and automotive industries for making kiln furniture like saggars and shelves.
Details insights on this market, request for methodology here @https://www.stellarmr.com/report/req_sample/Andalusite-Market/1135
Major Manufacturers:
Andalucita S.A.
Andalusite Resources
Anglovaal Minerals S.A.
Damrec/Imerys
Hooggenoeg Andalusite Pty
Imerys S.A.
Picobello Andalucita
Rhino Minerals Pty Ltd (IMERYS)
Samrec (PTY) Ltd
Shandong Wulia
Regional Analysis:
Europe: Leads the Andalusite market with a 67.3% market share in 2023, driven by the expansion of the construction sector and investments in infrastructure.
Asia Pacific: Holds 21% of the market share in 2023, spurred by growing steel demand and the booming refractory production industry.
North America: Accounts for 5.7% of the market share, with growth in the steel and foundry sectors, particularly in Mexico and the U.S.
South America & Middle East & Africa: Together account for 3% of the market share, with South Africa being a major producer.
COVID-19 Impact Analysis:
The COVID-19 pandemic led to disruptions in the Andalusite supply chain, halting production and transportation. This resulted in temporary shortages, higher raw material costs, and delayed deliveries. However, the market is projected to recover as global industrial activities resume and demand for refractories increases.
For more information or to request a sample report, please visit:https://www.stellarmr.com/report/req_sample/Andalusite-Market/1135
Key Questions Answered:
What is the expected market size and growth rate for Andalusite from 2024 to 2030?
Which applications are driving the growth of the Andalusite market?
How is the COVID-19 pandemic affecting the Andalusite market?
Which regions are experiencing the highest demand for Andalusite?
Who are the key players in the Andalusite market and what are their strategies?
About Stellar Market Research:
Stellar Market Research provides comprehensive market research reports and consulting services to clients in various industries. Our team of experts offers actionable insights and in-depth analysis, helping businesses make informed decisions and stay ahead in a competitive marketplace. We deliver high-quality, customized solutions to meet the diverse needs of clients across the globe.
Contact Stellar Market Research:
S.no.8, h.no. 4-8 Pl.7/4, Kothrud,
Pinnac Memories Fl. No. 3, Kothrud, Pune,
Pune, Maharashtra, 411029
[email protected]