Description
Global Kaolin Market Research Report—Forecast till 2025
Market Overview
Global Kaolin Market is anticipated to expand at a healthy CAGR of around 4% during the forecast period. The kaolin clay is also known as white or china clay and is used for skincare treatment. The kaolin clay is the richest silica dioxide and has neutral pH hence it doesn’t make your skin dry. The kaolin clay market is attributed to the adoption of kaolin clay in the healthcare and cosmetic sector. Furthermore, the rising use of kaolin in the end-use industries such as paper and building & construction and the healthy growth of these industries is expected to propel the growth of the global kaolin market during the study period.
The global kaolin market is expected to witness a significant market expansion owing to the highest market value of USD 4,462.65 Million in 2018. The global market growth is driven by the adoption of kaolin clay in the production of high-grade ceramics, which is further used in the formulation of whitewares, such as tableware, sanitaryware, and tiles. Nevertheless, the availability of potential substitutes is estimated to restrain the growth of the global kaolin market. Additionally, the COVID-19 pandemic has resulted in the disruption of production and supply and is expected to hamper the global market. Furthermore, increasing activities on research & development, manufacturers have developed medical and cosmetic grades of kaolin to widen its application areas are also expected to fuel the growth of kaolin during the forecast period.
Market Segmentation
Global Kaolin Market has been classified based on Grade, Application, and Region.
Depending on the grading segment, the global kaolin market has been categorized into calcined, hydrous, delaminated, surface treated, and structured. The calcined segment is expected to lead the market with a healthy CAGR of over 4.00% during the forecast period.
In terms of the application segment, the global kaolin market has been divided into paper, ceramics, paints & coatings, rubbers & plastics, fiberglass, and others.
The paper segment accounted for the largest share of over 35.00% in 2018 due to the exceptional properties offered by kaolin to the paper surface, such as whiteness, glossiness, ink absorptivity, and printing characteristics.
Regional Analysis
Geographically, the kaolin market has been segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Asia-Pacific is expected to contribute the largest share of the market owing to the amount of substantial market share in 2018. The region is expected to exhibit a healthy CAGR of approximately 4.5% during the review period. The regional market is attributed to the growing demand for kaolin from various industrial verticals on account of the rapid industrialization rate and growing per-capita income in emerging economies such as China, India, and Japan.
Europe accounted for the second-largest market share of the global kaolin market and was valued at USD 1,295.0 million in 2018. Germany is driving the largest share of the regional market and is expected to exhibit the highest CAGR during the review period.
Major Players
The Major Players operating in the Global Kaolin Market are BASF SE (Germany), Imerys (France), Sibelco (Belgium), Thiele Kaolin Company (US), LB MINERALS, Ltd (Czech Republic), Ashapura Group (India), KaMin LLC (US), EICL Limited (India) and Sedlecký kaolin a.s. (Czech Republic).
COVID 19 Impacts
We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on the industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.