North America Andalusite Market Outlook (2018 to 2032)
The above chart is North America Andalusite Market Outlook (2018 to 2032)
north america has been a major industry player for andalusite since the mid 1800s and continues to be an attractive global market for this mineral commodity. while price volatility and other external factors have impacted prices in recent years, andalusite demand and production are expected to remain strong through 2032. the growing demand for andalusite in north america is due in large part to the high-temperature insulation and refractory qualities of andalusite. its ability to withstand temperatures of up to one thousand degrees celsius (2097 degrees fahrenheit) makes it a valuable insulator for industries with high-temperature needs, such as aluminum and steel production. as production of these industries is expected to remain strong over the next decade, so too, is the demand for andalusite. furthermore, andalusite is often used as a refractory material in industrial ceramics and metallurgy. thus, the significant economic development planned throughout north america is expected to increase the demand for these products, resulting in a corresponding increase in the demand for andalusite. as a result of increasing demand, north american andalusite production is expected to remain strong over this period. the vast majority of production is sourced from the united states and canada; however, the rising demand for andalusite in mexico means that the country is now a significant importer of andalusite. as mexico’s economy continues to strengthen in the coming decades, the demand for andalusite in the country is expected to grow. overall, north america is a significant player in global andalusite markets and is expected to remain an enticing market through 2032 with favorable investment opportunities for producers and distributors of andalusite. as the demand for andalusite continues to grow over this period, north american andalusite producers and suppliers can take advantage of this increasing demand by offering quality and cost-effective products. furthermore, long-term investment plans are expected to create more opportunities for north american andalusite producers.