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Andalusite Market Trends

Report ID: GMI7537
Published Date: Dec 2024
Report Format: PDF

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Andalusite Market Trends

Companies in the andalusite industry are focusing more on sustainable practices and environmentally friendly mining methods. They are using greener extraction techniques and investing in technologies to reduce the environmental impact of mining. There is also growing demand for high-purity andalusite in industries like electronics and aerospace, where its thermal stability and purity make it ideal for specific uses. However, the market faces challenges, including competition from substitute materials in refractory applications. Minerals like bauxite, mullite, and zirconia offer similar high-temperature resistance and are often chosen due to cost and availability, which could limit the market's growth.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The global market size for andalusite was valued at USD 179 million in 2024 and is projected to reach USD 298.7 million by 2034, driven by a CAGR of 5.3% during the forecast period, supported by increasing demand in the refractory industry.

The gray segment accounted for USD 60.7 million in 2024 and is expected to grow at a CAGR of 5.8% from 2025 to 2034, driven by rising customization trends and demand for visually appealing products.

The U.S. market was valued at USD 82 million in 2024 and is expected to grow at a CAGR of 5.6%, driven by investments in industrial facilities and infrastructure projects.

Major players in the industry include Andalucita, Andalucite Resources, Altech Chemicals, Golcha Minerals, Hamersley Andalusite, Halliburton (Andalusite Resources), Imerys Andalusite, LKAB Minerals, Samrec Vermiculite, and Thermolith.