The global kaolin market is projected to grow at 4.35% CAGR during the forecast period 2019 to 2025, and kaolin market has been segmented based on product, end-use industry, and region
— Industry Trends
According to reports, BASF SE had made an investment of roughly USD 200 million to expand their kaolin platform. With this move, the company aims to attain operational efficiency as well as sustainability.
Thus, growing investments from vendors for meeting with the regulatory norms along with the increasing labor, energy and logistics costs have resulted in the expansion of the kaolin market. Companies such as KaMin LLC and Imerys are in the process of increasing the cost of their kaolin products, in a bid to ensure sustainability in the long run. Additionally, the vendors are also putting in efforts for maintaining sturdy relations with logistics partners for optimizing the product cost.
The top players operating in the kaolin market include Imerys (U.S.), Thiele Kaolin Company (U.S.), BASF SE (Germany), I-Minerals, Inc. (Canada), KaMin LLC. (U.S.), Quarzwerke GmbH (Germany), LB MINERALS, LTD (Czech Republic), Sibelco (Belgium), AKW Ukrainian Kaolin Company (Ukraine), and Kaolin AD (Bulgaria).
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After carefully analyzing the latest trends across the globe, data analysts at Market Research Future (MRFR) predict that the kaolin market is set to garner massive revenues by 2023. MRFR also states that the market will be surging at a lucrative growth rate 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.
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.
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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Global Kaolin Market – Segments
For ease of understanding, the market has been segmented into four key dynamics: -
• Surface Modified
• Paints & Coatings
• North America
• Asia Pacific
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