Aluminosilicate Market - Forecast(2024 - 2030)

Aluminosilicate Market size is forecast to reach $XX billion by 2025, after growing at a CAGR of XX% during 2020-2025. Aluminosilicates are minerals comprise aluminum, oxygen, silicon and countercations. They form important component of clay minerals and kaolin. Naturally occurring aluminosilicates include sillimanite, kyanite, and andalusite. These minerals are commonly used as index minerals in various rocks.

The report: “Aluminosilicate Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Aluminosilicate Market Industry.

By Type: Calcium Aluminiosilicate, Sodium Aluminosilicate and Others

By End User Industry: Petrochemical, Biogas, Heating & Refrigeration, Detergents, Construction, Medical, Agriculture and Others.

By Geography: North America, South America, Europe, APAC, and RoW

Calcium Aluminosilicate segment held a significant share in Aluminosilicate Market in 2019. Calcium aluminosilicate and sodium aluminosilicate are common food additives used in the food & beverage industries. Calcium aluminosilicate has tremendous potential to soak in the water component of any substance, thus, making it useful in numerous industrial applications. As a food additive, it has been assigned the code ‘E556’as it is employed as an anticaking agent in the manufacturing of chewing gum, and milk & cream powder analogues and plain. Apart from food and pharmaceutical, calcium aluminosilicate is also used in cosmetics and the fertilizers industry, Hence, the demand for calcium aluminosilicate is expected to be fueled by growing food, food preservative, cosmetics and pharmaceutical industry, over the forecast period. As an anticaking agent, sodium aluminosilicates prevent the formation of solid or semi-solid lumps while mixing dry foods. In addition, it also prevents dry food from clumping. Sodium aluminosilicates have no nutritional value but it can enhance the color, flavor and shelf life of the food products.

The impact of the coronavirus pandemic on the chemicals sector could be far reaching, depending on the extent of pandemic reach, the period of plants shutdown in various countries and restrictions on shipments/logistics.

Asia Pacific dominated the Aluminosilicate Market with a share of more than 37%, followed by North America and Europe. Asia Pacific was the largest market in terms of consumption and production. Growing demand from petrochemical and detergents industry is expected to drive the market for aluminosilicates in the region. To scavenge the crude oil reserves in China, exploration and drilling activities has been increased in recent years, which in turn expected to drive the market growth for aluminosilicates. Asia Pacific is expected to grow at faster pace in the near future driven by China. Medical and pharmaceutical end user industry growth is expected to fuel the demand for aluminosilicates in the region. Per capita expenditure is continuously rising in this region which is contributing to the revenue of this market. North America was the third largest market for aluminosilicates. Owing to increased exploration activities and increase in shale gas rigs across the U.S., the demand for aluminosilicates is expected to increase.

Growing petrochemical industry across the world is expected to drive the market for aluminosilicates. These are used as catalyst in petrochemical industry processes such as cracking and hydrocracking. Aluminosilicates are used in reactor and regenerator as well to improve the efficiency of cracking process and extraction. Demand for crude oil across the globe is increasing due to energy requirements for different applications, which in turn expected to drive the Aluminosilicate Market growth. In addition, the growing demand from laundry and general detergents industry is expected to boost the Aluminosilicate Market growth. It is the largest application of the aluminosilicates, however it is expected to grow at moderate pace. Furthermore, growing demand from medical and pharmaceutical end user industry is expected to fuel the market growth. Research and developments in the field biomedical applications are driving the aluminoslicate market. 

Harmful effects of the aluminisilicates are expected to hamper the market growth. High processing cost to produce pure form of aluminisilicates is also expected to inhibit market growth. Aluminosilicates are obtained from mines and due to decrease in mining activities across the globe; supply of raw material is expected to be major concern for the players in the market. 

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Aluminosilicate Market. In 2019, the market of aluminosilicate has been consolidated by the top five players accounting for xx% of the share. Major players in the Aluminosilicate Market are British Glass, A C Technologies, Associated Ceramics & Technology, Inc., Saunders Foundry Supply Inc., M & M Glassblowing Co. Inc., Minco Inc., Shanghai Jiuzhou Chemicals Co., Ltd and AB Holding Ltd. among others.