The global kaolin market assessed was of $5.8 billion as of 2018. Foreseeing the burgeoning developments in the construction industry all over the globe, the kaolin market is observed to rise at a CAGR of 8% through the forecast period of 2019 to 2025.
— The prominence of ceramic wares is inevitable; they are one of the most essential components in the housing and construction industry. Emerging popularity for luxurious and premium ceramic products is vindicating the swelling demands in the kaolin market. According to a freshly published report from IndustryARC, the global kaolin market assessed was of $5.8 billion as of 2018. Foreseeing the burgeoning developments in the construction industry all over the globe, the kaolin market is observed to rise at a compound annual growth rate (CAGR) of 8% through the forecast period of 2019 to 2025.
The report is titled “Kaolin Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast (2019-2025).” The report presents a thorough whereabouts of the competitive landscape, trends, drivers, and challenges. Additionally, the study also incorporates the key market participants with necessary business insights. This report covers kaolin market Size by product type and process, kaolin market share by top 5 companies and also the market share by start-ups during the forecast period.
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Global Kaolin Market: Leading Segments
The demands from the APAC region are growing at the fastest rate. As per the expert analysts at IndustryARC, APAC is attributed to secure 45% of the total kaolin market share in the year 2018. Lumbering construction in the region resonates the hefty demands for kaolin as a raw product for making tiles and ceramic articulates is accounted for the colossal demands for kaolin in the region. Moreover, the growing demands for high-quality paper in both the developing and developed economies have boosted the opportunities in the kaolin market. Redundant paperwork in governmental, educational, and financial sectors is advocating the growing demands in the paper industry which are further accrediting revenue in the kaolin market.
Global Kaolin Industry Analysis:
Kaolinite or kaolin clay are industrial minerals that are used as a raw material in ceramics, food additives, medicines, cosmetics and as a light diffusing element in white incandescent bulbs. In the paper industry, this is used as a paper coating that enhances the smoothness, printability, and gloss of the paper. Additionally, it also addresses the issues of paper opacity and ink receptivity on the paper. The growing influence of kaolin in the production of paper packaging is deemed to infuse profits in the kaolin market. In the construction industry, kaolin is used for manufacturing ceramic sanitary ware and tiles. Kaolin furnishes the products with improved gloss, plasticity, shrinkage, color, and rigidity. The broadening demands for ceramic products in the construction and building industry and the increasing investments towards infrastructural development are the key factors for kaolin market growth. Adjacent to the construction sector, the paints and coatings industry is also an extensible employer of kaolin. Applying kaolin in paints and coatings articulation optimizes the paint’s properties such as opacity, dispersibility, gloss, pigment suspension, sheen control, and filling traits. Accumulating demands for paints and coatings in the construction and the automotive industry will nurture substantial profits in the global kaolin market.
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Global Kaolin Market Trends:
Kaolin is paving its way to the production of biofuels. A process known as transesterification is carried out on vegetables with kaolin powder which leaves biofuel as the end-product. The growing environmental concerns for reducing carbon emission and the prevalent greenhouse gases have influenced the use of biofuels further augmenting the kaolin market growth.
Kaolin is used as a filler in fiberglass to ensure robustness and strengthening in the fibers integrated into the material. Fiberglass is used in the development of aircraft, automobiles, pipes, turbines, and tanks. Fiberglass is used in the aerospace and automotive industry as it helps reduce the weight of the structure, thereby enhancing the efficiency and productivity of the product. With such a megalithic set of applications and features that support sustainability, the demands in the global kaolin market are projected to grow in the near future.
Global Kaolin Market: Competitive Landscape
Some of the key players mentioned in the report that are currently leading the kaolin market are KaMin LLC, Thiele Kaolin Company, BASF SE, Sibelco N.V., LB Minerals Ltd., Imerys S.A., and EICL Ltd.
A. Paper Coating Materials Market
B. Paper Coating Additives Market
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