Kaolin Market Outlook: Increasing demand for ceramics to drive industry growth over 2016-2024
Publisher : Fractovia | Published Date : 2017-02-28Request Sample
Increasing applications of kaolin across sectors such as construction, plastic, and manufacturing will fuel the Kaolin Market size over the coming years. Kaolin, more commonly called China clay, is widely used in the paper, rubber, fiberglass, and ceramic industries, driven by its features such as non-abrasive texture, inertness, and opacity. An amplified growth in these sectors will majorly propel market expansion. According to Global Market Insights, Inc., “Kaolin market is predicted to observe a CAGR of more than 4% over 2016-2024.”
The global ceramic tiles market share is projected to witness a CAGR of more than 9% over 2016-2024, which will ultimately spike industry growth. Consumer demand for elegant living quarters, urbanization, increased end-user spending, and the rapidly developing construction sector will lead to a significant upsurge in the kaolin market in the years to come.
Kaolin is extensively used in the plastic and polymer industry to upgrade its strength and durability. It is also used to produce rubber materials such as EPDM and SBR. The rising trend of plastic taking precedence over metal and steel and the massive use of rubber in the automotive and manufacturing sectors will elevate kaolin market to greater heights.
U.S. Kaolin Market size, by application, 2013-2024 (USD Million)
Global kaolin industry is dominated by key players such as Daleco Resources Corporation, Imerys SA, I-Minerals Inc., BASF SE, Kaolin AD, Morien Resources Corporation, Lasselsberger GmbH, KaMin LLC, Sibelco, Thiele Kaolin Company, LB Minerals Ltd., Quarzwerke GmbH, and Stephan Schmidt KG.
Kaolin market finds applications in the ceramic, paint, fiberglass, adhesives, paper, plastic, and cement industries. Metakaolin market finds applications in two key sectors – concrete and mortar.
The global kaolin industry for ceramics is expected to register a CAGR of more than 4.5%, driven by the product’s excellent resistance properties, extensive demand for ceramic flooring, and increasingly sophisticated lifestyle dynamics.
Kaolin market for paper applications is slated to observe a CAGR of almost 3.5% over 2016-2024, owing to the wide-ranging uses of the product as an appearance enhancer and in filling and coating.
Concrete is a vital product in the construction industry and metakaolin is primarily used to reinforce its compressive, tensile, and flexural strength. Global metakaolin market for concrete is likely to register observe healthy gains over 2016-2024, driven by the ever-increasing demand for concrete in construction.
Metakaolin market size in mortar applications is anticipated to record a CAGR of almost 4% over 2016-2024, owing to the increasing demand for concrete and mortar in construction. As per the estimates, global construction spending is slated to cross USD 13 trillion by 2024, supported by the factors such as government initiatives for commercial ventures, urbanization, and changing consumer preferences toward an aesthetic living environment.
Asia Pacific kaolin market is expected to grow at a CAGR of more than 4.5% over 2016-2024, driven by the booming construction sector in countries such as India, China, and Japan. Other factors that complement regional growth include changing lifestyle and increasing number of automotive and other high-end industries.
North America kaolin industry registered a revenue of almost USD 1 billion in 2015 and is expected to grow at a healthy rate over 2016-2024, owing to factors such as increasing demand for ceramic flooring and the rising number of remodeling projects. Furthermore, North America also contributed to more than 20% of the global metakaolin market share in 2015.
Top product manufacturers such as BASF, Imerys, and KaMin have established their presence across multiple platforms in this industry and have a significant contribution in global business. Mutual collaborations and acquisitions definitely have a major part to play in company growth and survival.
