The global kaolin market is expected to reach USD 8.99 billion by 2024, according to a new report by Grand View Research, Inc. Rapid urbanization coupled with infrastructural development has resulted in tremendous growth in the construction sector of emerging economies including India, China, Russia, and Brazil. This is anticipated to augment kaolin market demand.
Rising demand for paper packaging is expected to fuel product demand owing to its enhanced properties such as reinforcement and durability of the base material. Increasing application in novel applications including printing inks and Portland cement is expected to open new opportunities for growth over the forecast period.
Growing demand for ceramic products is expected to be one of the primary drivers for market growth. In addition, rising demand for rubber, paper, paints & coatings and fiberglass is projected to augment market development.
The presence of regulations in the U.S. including the Clean Water Act and Surface Mining Act to preserve the ecology is expected to restrain market growth to a certain extent. However, unavailability of direct substitutes for kaolin has resulted in its substantial demand over the past few years, and this trend is expected to continue over the forecast period.
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summary of this report @ http://www.grandviewresearch.com/industry-analysis/kaolin-market
Further key findings from the report suggest:
·
Paper emerged as the most dominant application
segment in the kaolin market and constituted for more than 40% of market share
by revenue share in 2015. Demand for eco-friendly packaging materials including
paper has been growing over the past few years on account of growing
apprehensions regarding environment protection will augment product demand over
the next eight years.
·
Asia Pacific dominated the product market with
the industry valued over USD 1.00 billion in 2015. The market is anticipated to
experience growth over the forecast period owing to rising demand from the
construction sector in China, Indonesia, and India. Increasing R&D
expenditure to increase product use in non-traditional application segments
such as plastics, rubber and pharmaceuticals are expected to open new growth
opportunities over the forecast period.
·
Key industry players include Imerys SA, Thiele
Kaolin, I-Minerals Inc., SCR-Sibelco N.V., KaMin LLC. and Quarzwerke GmbH. Key
strategies observed in the industry include mergers & acquisitions and
joint ventures. In May 2013, Quarzwerke GmbH purchased a significant share
in Kaolin AD which is a Bulgaria-based processing and mineral extracting
company.
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Grand View Research has segmented the global kaolin market on the basis of application and region:
Kaolin Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)
·
Paper
·
Ceramics
·
Paint
·
Fiberglass
·
Rubber
·
Others
Kaolin Regional Outlook (Volume, Kilo Tons; Revenue, USD Million,
2013 - 2024)
·
North America
·
U.S.
·
Europe
·
Germany
·
UK
·
Asia Pacific
·
China
·
India
·
Latin America
·
Brazil
·
MEA
·
U.A.E
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