Global Kaolin Market Worth Over USD 5.72 billion by the end of 2024: ZMR Report
Sarasota, FL -- (SBWIRE) -- 01/04/2019 -- Zion Market Research has published a new report titled "Kaolin Market by Grade (Calcined, Hydrous, and Surface Modified), and by Application (Paper, Paints & Coatings, Plastics, Ceramics, Rubber, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017 - 2024". According to the report, global kaolin market was valued at approximately USD 4.40 billion in 2017 and is expected to generate revenue of around USD 5.72 billion by the end of 2024, growing at a CAGR of around 3.82% between 2018 and 2024.
The rapid industrial activities across the emerging nations are going to propel the kaolin market growth. The chemical compound due its attributes such as non-abrasive texture, chemical inertness, and superior opacity is gaining prominence in the industries such as ceramics, paper, manufacturing, and others. In simple words, the increasing adoption rate of kaolin in different industrial activities is going to propel the kaolin market expansion in the upcoming years. Moreover, the massive presence of ceramic companies in countries such as China is likely to have a favorable impact on market growth in the coming years. The easy availability of kaolin and the stable demand from the paper industry is going to have a positive impact on the growth of the market as the paper industry is the largest consumer of kaolin. The increasing demand for cost-effective paper because of the eco-friendliness of the product makes the paper industry the largest end-user of kaolin. Additionally, the growing demand of kaolin is due to its particle size and its natural occurrence in white form is going to fuel the market expansion. In the ceramic industry, kaolin is utilized for making tiles. These factors are expected to drive the kaolin market growth over the forecast period. Increased usage of kaolin has an adverse effect on the environment. So, this factor may restrain the growth of the market.
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The kaolin market is segmented on the basis of grade into hydrous, Calcined, and surface modified. Calcinedsegment is anticipated to hold a major revenue share over the forecast period. The growth of the segment can be attributed to the use of kaolin in calcined from across various sectors. This increased penetration rate of kaolin in calcined form is attributed for the growth of the segment.
Based on application, the kaolin market has been segmented into paper, paints & coatings, plastics, ceramics, rubber, and others. A paper segment is expected to contribute significant revenue share in the kaolin market in the upcoming time period. Kaolin is used to improve the smoothness, brightness, and glossy nature of the paper.
Asia Pacific region is expected to grow with the highest CAGR in the global kaolin market. Also, the region is projected to continue its domination over the forecast span. The growth of this regional market is attributed to the rapid industrialization activities in the developing nations across the region. Moreover, the region is a manufacturing hub for kaolin. The tremendous rise in construction activities is anticipated to further boost the growth in the region over the forecast period. Europe is predicted to provide a significant opportunity for the global kaolin market. The growing need for the adoption of eco-friendly products because of the stringent government regulations across the region is going to foster regional market growth. In addition, the ongoing investments in the construction sector in countries like Germany, Austria, and others will have a positive impact on the regional market. These factors are expected to drive the global kaolin market growth in the forecast timeline.
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Some of the industry players operating in the kaolin market include Thiele Kaolin Company, I-Minerals, Inc., BASF SE, Imerys, LB Minerals, Ltd., AKW Ukrainian Kaolin Company, Kaolin AD, Quarzwerke GmbH, Sibelco, and KaMin LLC.
This report segments the global Kaolin market as follows:
Global Kaolin Market: GradeSegment Analysis
Global Kaolin Market: ApplicationSegment Analysis
Paints & coatings
Global Kaolin Market: Regional Segment Analysis
The Middle East and Africa
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