Nepheline Syenite Market Size to Reach USD 87.6 Million by 2027; Acquisition of Mantos by Anglo to Aid Expansion

The global nepheline syenite market size is expected to reach USD 87.6 million by 2027. The elevating demand for nepheline syenite from the ceramic industry will contribute positively to the market growth, mentioned in a report, titled “Nepheline Syenite Market Size, Share & COVID-19 Impact Analysis, By Application (Ceramic Manufacturing, Glass Manufacturing, Functional Fillers {Paint & Coatings, Adhesive & Sealants, and Plastic & Rubber}, and Others), and Regional Forecast, 2020-2027” the market size stood at USD 79.7 million in 2019 and is expected to exhibit a CAGR of 1.3% between 2020 to 2027.

Robust Cashflow of Sibelco to Encourage Business Development

Sibelco, a global material solutions company announced EBITDA for 2019 of EUR 554 million (17% on revenue). The rising industrial minerals activities in North America will encourage the growth of the market. The energy revolution has led to the allocation of numerous investments by major companies, thus boosting the scope of the nepheline industry. Furthermore, Anglo Pacific Group PLC, a major natural resources royalties business based in London announced that it signed an agreement with a subsidiary of Mantos Copper (“Mantos”). The new agreement will involve the acquisition of 1.525% Net Smelter Return royalty (“NSR”) overall copper produced at the Mantos Blancos copper mine (the “Mantos Blancos Mine”). The transaction includes a sum of US$50.25 million in exchange for copper production of Mantos. The Mantos Blancos Mine is an undefended pit operation located in Chile, producing copper with silver by-products.  The NSR entitlement applies exclusively to copper production at the Mantos Blancos Mine. The acquisition of the NSR will enable Anglo Pacific to produce copper at a striking entry point in the copper value cycle, thus adding diversification to the Company’s portfolio. Moreover, the company’s investment strategy in quality commodities with smaller environmental footprints will generate quick cash flow for the company, which, in turn, will foster healthy growth of the market in the forthcoming years.

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Rising Investment by Glass Manufacturers to Enable Speedy Expansion 

The growing focus of companies towards the expansion of production processes will elevate the market potential. The increasing investment by major companies can be a vital factor bolstering the growth of the market. For instance, in November 2019, SCHOTT AG, a major producer, and supplier of glass, SCHOTT AG, announced that it has invested US$ 23.5 million for the introduction of its new pharmaceutical glass manufacturing facility in India. Likewise, in 2019, SCHOTT AG announced its plans to invest US$ 9.7 million and US$ 29.2 million in Brazil and other located facilities respectively for pharmaceutical tubing production. However, the growing inclination towards feldspar owing to its low energy consumption and improved end products will impede the growth of the nepheline syenite market during the forecast period.

Adoption of Strategies by Industry Players to Strengthen Industry Position

The focus of companies such as SCR-Sibelco N.V has improved its mining operations and modernized facilities to achieve sustainable environmental goals, which, will reinforce its market position in the near future. The expansion of portfolio for different grade applications in glass, ceramics, and fillers in paints, coatings, adhesives, plastics, and other products will improve business proceedings in the near future. In addition, the adoption of strategies such as long-term contracts and collaboration with distributors to consolidate its establishment in the industry.

The Report Lists the Main Companies in the Market for Nepheline Syenite:

• SCR-Sibelco N.V. (Belgium)
• FINETON Industrial Minerals Limited (China)
• The 3M Company (USA)
• PhosAgro Group of Companies (Russia)
• Anglo Pacific Minerals Ltd. (UK)
• RUSAL PLC (Russia)

Further Report Findings:

• Regional Analysis: Asia Pacific is expected to witness a significant rate during the forecast period. The growth in the region is attributed to the rising production of glass and ceramics in China, India, and Southeast Asian countries. The market in North America is driven by the growing adoption of high-quality alumina source for glass manufacturing.
• Leading Segment: Ceramic manufacturing is predicted to account for the largest share during the forecast period owing to wide-ranging applications in household, commercial, and industrial sectors because of its excellent physical and chemical properties.

The Nepheline Syenite Market is Segmented into: