High usage of andalusite in refractories is the primary driver of the global andalusite market

By: RationalStat LLC
WILMINGTON, Del. - Jan. 17, 2023 - PRLog -- The report entitled "Global Andalusite Market Research and Forecast 2019-2028" examines the market in both regional and global terms according to the type, application, and region. This comprehensive report offers thorough historical and forecast market size along with a detailed analysis of market trends. Market share analysis, the latest innovations and products provided by the top companies, an overview of the competition, key strategic essentials, key users, growth potential regions, a competitive analysis of the key players that are analyzed within the international Andalusite market research.

The Market and its Dynamics

The market for andalusite around the globe is expected to experience moderate growth of around 5.5% in the next years. Refractories are extensively utilized in blast furnaces during the production of steel because of their distinctive properties, including resistance to high thermal conductivity and temperatures. Additionally, the amazing properties of andalusite like volume stability, low porosity, creep, chemical resistance, high thermal shock and the purity of its high levels allow it to be used for the production of refractories.

Segmental Analysis
  • On the basis of application, the refractory segment is dominating the global andalusite market. Andalusite is used in the linings of kilns and boilers to protect equipment from high temperatures.

Competition Analysis

The global andalusite market is fragmented in nature with the presence of various players in the market. These players adopt various strategies including mergers and acquisitions, partnerships and collaborations which directly results in propelling the growth of the global andalusite market.
  • In August 2019, Triumph Gold Corp. announced that Rio Tinto Exploration Canada Inc. (RTEC) has entered an option agreement to obtain a 100% interest in Triumph Gold's Andalusite Peak properly located in northwest British Columbia.

Some of the prominent players operating in the global andalusite market include Andalucita S.A, LKAB Minerals, Andalusite Resources, Resco Products, Recursos Latinos S.A, Rhino Minerals Pty Ltd, Samrec Pty Ltd, Damrec, Picobello Andalucita, Imerys Minerals Refractory Glomel, and Latin Resources Ltd among others.

RationalStat has segmented the global andalusite market on the basis of type, application, and region.
  • By Type
    • Pink Andalusite
    • Gray Andalusite
    • Yellow Andalusite
    • Green Andalusite
    • Violet Andalusite
  • By Application
    • Refractories
    • Foundry
    • Kiln Furniture
    • Others (Ceramics and Jewelry, etc.)
  • By Region
    • North India
    • West & Central India
    • South India
    • East India

For more information about this report: https://store.rationalstat.com/store/global-andalusite-market/

Kimberly Shaw, Content and Press Manager
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