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Kaolin Market Size 2019 To Have A Promising Future Ahead!

Author : Ronak Bora | Published Date : 2019-06-07 

In terms of application, the global kaolin market is segmented into different segments which include: paper, rubber, cement, plastic, paints & adhesives, ceramics and fiberglass. The paper segment holds a significant share in the market and is likely to grow at a CAGR of 3.5% from 2017 to 2024. The product finds vast application as a particulate in paper industry for coating and filling. It is also used for enhancing the printability, gloss, smoothness, opacity, brightness, and appearance of the paper. Significant paper demand in the Asia Pacific and North American region for advertisements and print media will generate positive influence on the global kaolin market.

Considering the market coverage, North America driven by U.S. has a strong hold over the global industry. In 2015, it covered almost 20% of overall kaolin industry share. Growing economy of U.S has played a pivotal role in positively influencing the construction industry. In addition to this, a change in residential renovation trends have resulted in an increasing demand for ceramic tiles, which in a way is equally leaving an impact on the regional kaolin industry growth. As per a report by Global Market Insights, Inc., “Global kaolin market having held USD 4.5 billion in 2015, is projected to exceed a revenue of USD 6.5 billion by 2024, with a projected CAGR of 4% over 2016-2024.”

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In the Asia Pacific region, the kaolin market is majorly driven by countries such as Japan, India and China. The region will witness a comparatively higher market growth with over 4.5% CAGR in the forecast timeframe.

Growth in the industries such as paints, plastics, fiberglass, rubber, ceramics, paper and adhesives is propelling the global kaolin market demand. The product finds extensive application in paints, adhesives and ceramic industry owing to its properties such as excellent opacity, flat particle shape, non-abrasive texture, and chemical inertness. On the other hand, metakaolin finds extensive application in mortar and concrete owing to its excellent thermal stability.

In the plastic industry, the product finds wide applications and is used for strength, durability and electric performance. Replacing metal and bulky materials with light weight and trendy materials is escalating the polymer and plastic industry thus, boosting the global kaolin market substantially.

Paper industry is one of the major drivers for kaolin market worldwide owing to increasing use of paper in the packaging and labeling industry. Replacing environmentally harmful plastic with paper in the packaging industry an increasing home delivery system in the developed and developing nations is boosting the kaolin market on a large scale.

The global metakaolin market application is classified broadly in two categories namely, concrete and mortar. Concrete finds extensive application in the construction industry to enhance the flexural strength, compressive strength and splitting tensile.

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Increasing residential reconstruction activities in the U.S. paired with positive growth indicators are propelling the regional kaolin market in North America. Also, growing ceramic flooring activities to replace the traditional wood flooring for superior characteristics, aesthetic appearances and ease of installation is likely to upsurge the market in this region. Considering metakaolin, North America accounts for over a fifth of the global metakaolin market share.

Prominent players operating in the global kaolin & metakaolin market include Kaolin AD, I-Minerals Inc., Daleco Resources Corporation, Imerys SA, BASF SE, Xatico Sarl, Lasselsberger GmbH, Morien Resources Corporation, Stephan Schmidt KG, Vale SA, Thiele Kaolin Company, Quarzwerke GmbH, LB Minerals Ltd, SCR-Sibelco N.V, and KaMin LLC to name a few.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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