The forecast for feldspar used in glass manufacturing in the US indicates a consistent decline from 131.4 thousand metric tons in 2024 to 77.0 thousand metric tons in 2028. Comparing to 2023, the year-on-year decrease for 2024 is projected to be substantial. Over the period from 2024 to 2028, the compound annual growth rate (CAGR) suggests a significant average annual decline.
Future trends to watch for:
- Technological advancements that could reduce feldspar usage in glass manufacturing processes.
- Shifts in demand for glass products, influenced by construction and consumer trends.
- Potential environmental regulations impacting mining and processing of feldspar.