Pune, India, August 2023, MRFR Press Release/- Market Research Future has published a Cooked Research Report on the Global Kaolin Market.
Market Research Future (MRFR) has published a cooked research report on the “Global Kaolin Market” that contains information from 2018 to 2030. The Kaolin market is estimated to register a CAGR of 4.35% during the forecast period of 2023 to 2030.
MRFR recognizes the following companies as the key players in the global Kaolin market— Imerys S.A. (France), Ashapura Group (India), BASF SE (Germany), EICL Limited (India), SCR-Sibelco N.V. (Belgium), KaMin LLC (U.S.), Thiele Kaolin Company (U.S.), LASSELSBERGER Group (Hungary), Quarzwerke GmbH (Germany), minerals inc. (Canada), 20 Microns Limited (India), R. Grace & Co. (U.S.), and Shree Ram Group (India).
Kaolin Market Highlights
The global Kaolin market is accounted to register a CAGR of 4.35% during the forecast period and is estimated to reach USD 5.83 billion by 2030.
The kaolin market is the global industry for the mining, processing, and distribution of kaolin clay, a versatile mineral used in various applications such as paper, ceramics, paints, rubber, and plastics due to its unique properties like whiteness, fine particle size, and low abrasiveness.
Segment Analysis
The global Kaolin market has been segmented based on Grade and Operating Platforms.
On the basis of Grade, the market is segmented into Calcined, Hydrous, Delaminated, Surface Treated, and Structured. The income for the hydrous category is predicted to grow quickly over the course of the projection period. The production of hydrous kaolin requires a lengthy process that includes slurring, crushing, grinding, sifting, sorting, centrifuging, chemical processing, and maybe concentration, drying, and magnetic treatment to get the appropriate particle size, purity, residue, and brightness.
Based on Operating Platforms, the global Kaolin market has been segmented into Paper, Ceramics, Paints & Coatings, Rubber & Plastics, Fiberglass, and Others. Paper dominated the market in 2021 and accounted for over 39.1% of total sales. Kaolin coating improves the appearance of the paper by giving it various gloss levels, smoothness, brightness, opacity, and printability.
Regional Analysis
The global Kaolin market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Kaolin market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Kaolin market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Kaolin market comprises of Middle East, Africa, and Latin America.
The Asia-Pacific Kaolin Market dominated this market in 2022 USD 1.80 billion in 2021 and is anticipated to expand at a notable CAGR during the research period. This is explained by the region's ageing population as well as the rising prevalence of spine deformities such scoliosis, kyphosis, and lordosis. Due to rapid industrialization and economic growth in the region, the kaolin market is growing in the Asia Pacific.
Additionally, The second-largest regional market for kaolin was expected to move from North America to Europe. The growth of the local economy has been significantly impacted by the emergence of the coronavirus in 2020. The industrial production of important regional economies, including the UK, Germany, Italy, Spain, and others, decreased in the fiscal year 2020. The dynamics of the product in industrial production were adversely affected right away by the delayed development. The regional growth seems to be improving in 2021.
Moreover, The North American kaolin market region had a revenue share of almost 13.4% in 2021. The current U.S. administration's initiatives to promote the development of green energy businesses are expected to dramatically enhance demand for kaolin-related products. The rising usage of ceramic and ceramic-based fused materials in the regional solar industry will likely create new business opportunities for suppliers in the region of North America.
Key Findings of the Study
- The global Kaolin market is expected to reach USD 5.83 billion by 2030, at a CAGR of 4.35% during the forecast period.
- The Asia-Pacific Kaolin Market dominated this market in 2022 USD 1.80 billion in 2021 and is anticipated to expand at a notable CAGR during the research period.
- Based on Operating Platforms, Paper dominated the market in 2021 and accounted for over 39.1% of total sales.
- Imerys S.A. (France), Ashapura Group (India), BASF SE (Germany), EICL Limited (India), SCR-Sibelco N.V. (Belgium), KaMin LLC (U.S.), Thiele Kaolin Company (U.S.), LASSELSBERGER Group (Hungary), Quarzwerke GmbH (Germany), minerals inc. (Canada), 20 Microns Limited (India), R. Grace & Co. (U.S.), and Shree Ram Group (India).
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Base Year | 2023 |
Companies Covered | 15 |
Pages | 150 |
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