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.
Browse full research report on Global
Kaolin Market: 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.
Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/specialty-glass-ceramic-and-fiber
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
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
For more information: www.grandviewresearch.com
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