The Kaolin is white and plastic clay, gorgeous in kaolinite mineral and is also well-known as Chinese Clay. Kaolin is prevail naturally as well as can be introduced in laboratory synthetically, and it is the raw material for producing ceramic tiles. Kaolin is utilized in several applications such as filler, extender, coatings and pigments, owing to its plasticity and white in color property.
According to the report analysis, ‘Global Kaolin Market to reach USD 4.2 billion by 2027’ states that across the pharmaceutical industry, Kaolin is utilized to break wounding bleeding, mild-to-moderate diarrhea, and cholera. The worldwide Kaolin is facing challenges owing to the coronavirus pandemic as employees are asked to function from home and manufacturing segments are temporary shutdown. So several corporates have limited their manufacturing and supply functions which halt the requirements of kaolin currently. The augment in construction industry and growing requirement for kaolin from several end-use industries are the few aspects responsible for growth of the market over the review period.
For instance: as per Statista, during 2018, it is projected that commercial construction is nearly USD 89.52 billion across the United States, an augment from USD 40.1 billion throughout 2010. Furthermore, the growing advancements and several other strategic alliance by market foremost players will generate a lucrative requirement for this market. For instance: during February 2019, India based 20 MICRONS Limited corporate agreed a partnership with German based DORFNER GmbH (Germany) for the dissemination of kaolin products across Europe. Thus, growing the kaolin business of both the company’s across the European market. However, obtainability of substitutes around the paper industry is the foremost factor limiting the growth of worldwide Kaolin market during the forecast duration.
Though, the requirement for the product in ceramics application is probable to develop as an influential aspect for the industry growth over the review period. The usage of high-grade water-washed kaolin in ceramics has observed steady growth over the last decade due to the exceptional suspension abilities of the product. This competence assists in keeping silica, frit, feldspar, and several other particles from settling, thereby proposing high green power and very white fired color.
In addition, the foremost market player involves in this report are Imerys S.A., BASF SE, Ashapura Group, EICL Limited, SCR-Sibelco N.V., W. R. Grace & CO., Kamin LLC, 20 MICRONS Limited company, Minotaur Exploration Limited, Thiele Kaolin Company and several others.
The international Kaolin Market is worth approximately USD 2.9 billion during 2019 and is anticipated to increase with a healthy growth rate of more than 5.5 % over the review period of 2020-2027. The regional analysis of worldwide Kaolin market is measured for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. The Asia Pacific is the leading/noteworthy region around the world due to the growing requirement from end use industries. Whereas, the Asia-Pacific is also anticipated to parade the highest growth rate / CAGR over the review period of 2020-2027. Therefore, in the near years, it is predicted that the market of Kaolin will increase around the globe more effectively over the upcoming years.
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Ankur Gupta, Head Marketing & Communications