kaolin market is projected to grow at ~4.35% CAGR during the forecast period. The global market was valued ~USD 4.68 billion in 2018, Global Kaolin Market Research Report: Information by Source, Grade, End-Use Industry and Region
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Market Overview:
The global kaolin market, as per a report by Market Research Future (MRFR) is touted to register a healthy CAGR during the forecast period (2017-2023).
Kaolin is extensively used as a coating and filler material in the paper and pulp industry. It helps to increase smoothness, gloss, and paint absorbency of paper. This further enhances the printability of the paper surface. Soaring demand for ceramic products in the construction and housing industry, along with surging use of fiberglass in the aerospace and automobile applications are anticipated to fuel the market encourage the market growth during the review period. Kaolin products are highly used in commercial and residential constructions. Improved standard of living and ever-increasing population are some of the primary growth stimulants of the market. Elevating polymer and plastic business in trend towards substituting steel and metal with lightweight products. This is anticipated to foster the market growth in the foreseeable future.
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On the contrary, stagnant growth of the paper industry, especially in North America, will vitiate the demand for kaolin products across the glove. The declining demand for print media due to rising consumer awareness towards electronic media will hamper the market growth to a great extent.
Segmental Analysis:
The global kaolin market has been segmented based on grade, type, and application.
By type, the kaolin market is segmented into natural and synthetic.
The grade segment comprises hydrous, calcined, pulverized, surface modified, and others.
By application, the market is segregated into ceramics, paper, fiberglass, paints & coatings, construction, pharmaceuticals, plastics, rubber, and others. Of these, the paper segment is predicted to gain prominence in the long run. Soaring use of kaolin as filler is predicted to drive the segment as it is cheaper than conventional wood paper filler. It is also used as a paper coating in order to enhance smoothness, gloss, and printability. These factors are fueling the market growth in the paper segment.
Competitive Dashboard
Imerys
Thiele Kaolin Company
BASF SE
I-Minerals, Inc.
KaMin LLC.
Quarzwerke GmbH
LB MINERALS, LTD (Czech Republic), Sibelco
AKW Ukrainian Kaolin Company
Kaolin AD
Regional Frontiers:
The kaolin market spans across North America, Asia Pacific, Latin America, Europe, and the Middle East & Africa.
Considering the global scenario, the Asia Pacific acquires the largest share in the global market, in terms of volume as well as value. The growth can be credited to the extensive use of kaolin in the paper industry for packaging. The soaring demand for kaolin from the pharmaceuticals and cement manufacturing industry is considered a primary factor driving the regional market’s growth. The high exports and packaging of electronics, automotive, and consumer goods have triggered the demand from the market. Moreover, penetration of the paints & coatings industry in countries like Japan, India, and India will promote the market growth in the coming years. Improved consumer lifestyle dynamics in the region has resulted in the growth of end use industries like automotive, which is anticipated to foster the market growth in the coming years.
North America holds the second spot in the global market due to increased demand for kaolin from the paper packaging industry. High usage of the product in the manufacturing of cement will trigger the product demand in the construction industry. The manufacture of biodiesel, concrete, and paints & coatings is further estimated to drive the market in North America. Drifting consumer focus towards the replacement of wood floors with ceramic tiles due to its easy installation, superior attributes, and aesthetic appearance will further complement the industry size in the long run.
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