Slate Minerals Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

Slate Minerals Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

  • Transparency Market Research
  • Ongoing
  • Chemicals

Report Description

Slate is a mineral or a fine grained metamorphic rock formed from shale. Shale is a rock or a parent rock that is made up of clay minerals. It metamorphoses into various other rocks such as slate, phyllite, schist, or gnesis, when subjected to a varied degree of heat and pressure. Slate is the least metamorphosed rock that is available. It is strong and durable. Slate has a dull appearance and is available in various colors, ranging from dark grey, green, and purple to red. The color of the product primarily depends on the amount of iron and organic materials present in it. 

Slate is mined from open pit quarries with the help of heavy machineries. It is foliated and easily splits into thin smooth-surfaced layers and flat and parallel planes. After mining, slate is transported for storage and processing. It primarily composes of mica or clay minerals subject to degree of metamorphism. Slate also contains some amount of quartz, feldspar, calcite, pyrite, hematite, and other minerals.   

Slate is primarily used for roofing, flooring, and flagging in the building & construction industry due to its high durability and attractive appearance. It is also used for interior flooring, exterior paving, dimension stone, and decorative aggregate. Slate absorbs minimal moisture, and stands up well in contact with freezing water. Therefore, it is used widely in the building & construction industry. High cost is the major drawback of the slate minerals market. Installation cost of slate is higher than that for other roofing materials. Therefore, demand for slate is primarily confined to high-end projects and prestige architecture. Slate is also used for making chalkboards, student writing slates, billiard tables, cemetery markers, whetstones, and tabletops. It is also employed for making electric panels and switch boxes, as it is a good insulator of electricity.

Europe dominated the slate minerals market across the globe in 2016. It was followed by North America and Asia Pacific. Spain is a key producer and exporter of slate mineral in Europe. About 90% of slate used in roofing applications in Europe originates from the slate industry in Spain. The production of slate was estimated at 4 million tons per year in 2016. France was the prominent importer of slate in Europe in 2016. The country imported 24% of slate in the region in 2016. High demand for product in Europe and North America can be ascribed to the high standard of living of the people in these regions. High economic growth and significant investments in the building & construction industry in Asia Pacific are anticipated to boost the slate minerals market in the region. China and India are the major producers of slate in Asia Pacific. Japan was the key exporter of slate in 2016. Middle East & Africa and Latin America held low share of the slate minerals market in 2016. The market in these regions is anticipated to expand at a steady pace during the forecast period. 

Key players operating in the global slate minerals market include IAC Minerals Private Limited, Galaxy Impex, Galbanox, and Westone Natural Stone Slate Co. Ltd.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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