Nepheline syenite is a holocrystalline plutonic rock and consists of alkali feldspar and nepheline. The nepheline syenite market is projected to register about USD 14 million by 2017. This is attributed to increasing demand for nepheline syenite in various consumer industries, like ceramics..
The pivotal factors, driving the nepheline syenite market over the forecast period are growing demand for ceramics in electronics, construction, automotives and medical sectors. Rising worldwide demand for the nepheline syenite market owes to the increased uses of nepheline syenite in automotives and their applications.
Ceramics accounted for the largest and fastest growing segment of the nepheline syenite market. Glass accounted for the the second largest segment. Fillers are creating huge potential for the consumer industries of nepheline syenite market over the coming years. However, fluctuations in prices of natural gas and oil and augmented transportation prices are likely to hamper the market.
Geographically, Europe accounted for the largest market share. This is credited to growing demand for ceramics applications in this region. The nepheline syenite market faces increased demand in France, Italy and Germany. Latin America was the major consumer of the nepheline syenite market. It is expected to show expansion due to advancements in ceramic technology.
Asia Pacific is predicted to grow steadily in the future. This is owing to rising demand for glasses and ceramics from consumer industries, such as automotives and medical and electronic devices. The nepheline syenite market in this region witnesses significant expansion due to emerging markets of China and India.