The growth of the kaolin market is driven by increasing demand from several end user industries such as paper, fiberglass, plastics and rubber and others.
NEW YORK, NY, USA, November 26, 2021 /EINPresswire.com/ – The kaolin market is expected to grow from $ 5.45 billion in 2020 to $ 7.55 billion by 2028, at a CAGR of 4, 21%, over the forecast period. The increased consumption of kaolin in various end user industries, such as paper, ceramics and sanitary products, fiberglass, paints and coatings, rubber and plastics, is one of the factors the most important which are expected to drive the growth of the kaolin market.
Ceramic sanitary products such as sinks, shower plates, toilet bowls and bathtubs exhibit characteristics such as corrosion resistance, abrasion resistance and glossy surface finish, making it a superior alternative to steel and other metal products. These products are increasingly used worldwide in residential and commercial buildings. Population growth and improved living standards are also expected to fuel demand for ceramic products. These factors are expected to increase the demand for kaolin and thus drive the growth of the global market during the forecast period.
The initiatives undertaken by the governments of Bangladesh and India to promote literacy are expected to result in a strong demand for paper, thereby boosting the market growth during the forecast period. However, the threat of substituting calcium carbonate for paper production could dampen demand growth in the years to come.
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Top 2028 Kaolin Market Players (Market Analysis, Opportunities, Demand, Forecast)
Sedlecký kaolin AS. (Czech Republic) ,. KaMin LLC (United States), Thiele Kaolin Company (United States), EICL Ltd. (India), SCR-Sibelco (Belgium), BASF (Germany), Imerys (France), Ashapura Group (India), Lasselsberger Group (Hungary), Quarzwerke GmbH (Germany) and others.
Other key findings from the report suggest
The Kaolin market is expected to grow from USD 5.45 billion in 2020 to USD 7.55 billion by 2028, at a CAGR of 4.21%, during the forecast period. The increased consumption of kaolin in various end user industries, such as paper, ceramics and sanitary products, fiberglass, paints and coatings, rubber and plastics, is one of the factors the most important which are expected to drive the growth of the kaolin market.
The calcined market is expected to experience the largest growth at USD 2.22 billion in 2028, at a CAGR of 5.1% during the forecast period. Calcined kaolin is used in paint and coatings, ceramics, and in the development of plastic cables. Emerging countries in the Asia-Pacific and South America regions, such as China, India and Brazil, are considered key markets for calcined kaolin.
The paper segment market will hold the largest market and is expected to reach $ 1.80 billion in 2028, at a CAGR of 4.8%. Kaolin improves various properties of the paper, such as ink absorption and ink pigment resistant, low lint tendency and roughness, which in turn improves the printability of the paper. The increasing use of kaolin in paper production is therefore expected to drive the growth of the end-use segment of the paper industry.
The Asia-Pacific (APAC) market is expected to hold the largest market share and reach USD 2.4 billion in 2028, with a CAGR of 5.1%. The increased demand for paper coating materials in emerging markets and the increased use of paper packaging products are key factors contributing to the growth of the paper industry. The growth of the paper industry is expected to boost the demand for kaolin in the Asia-Pacific region. In addition, the increased consumption of ceramics in the construction industry and the high demand for plastics are also contributing to the growth of the kaolin market in this region.
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This report covers the comprehensive upcoming and present trends applicable to the market along with the restrictions and drivers for business development. It offers industry forecasts for the coming years. This research analyzes major markets and their sub-segments, changing patterns and pressures on the industry, strategic perspectives and changing supply and demand situations, quantifies opportunities with market size and forecasts the market, and monitors emerging developments / opportunities / challenges.
The global Kaolin market is highly fragmented and major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprint in this market. The report includes the market shares of the Kaolin market for the world, Europe, North America, Asia-Pacific, South America, Middle East & Africa.
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Segmentation: global kaolin market
Ceramics and sanitary ware
Paints and coatings
The regional analysis covers:
North America (United States, Canada, Mexico)
Europe (UK, Italy, Germany, France, rest of the EU)
Asia-Pacific (India, Japan, China, South Korea, Australia, rest of APAC)
Latin America (Chile, Brazil, Argentina, rest of Latin America)
Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa, Rest of MEA)
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