Global Kaolin Market Report 2023: Growing Demand from the Paints Industry on Account of its Ability to Improve Gloss and Color Properties Drives Growth - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Kaolin Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2023 to 2031" report has been added to ResearchAndMarkets.com's offering.

The global kaolin market is projected to expand at a CAGR of 5.2% between 2023 and 2031.

Companies Mentioned

• Imerys S.A. (France)
• BASF SE (Germany)
• Ashapura Group (India)
• EICL Limited (India)
• SCR-Sibelco N.V. (Belgium)
• KaMin LLC (US)
• Thiele Kaolin Company (US)
• LASSELSBERGER Group (Hungary)
• Quarzwerke GmbH (Germany)
• Sedlecky kaolin a. s. (Czech Republic)
• I-Minerals lnc. (Canada)
• 20 Microns Limited (India)
• Minotaur Exploration Limited (Australia)
• W. R. Grace & Co. (US)
• Shree Ram Group (India)
• KERAMOST a.s. (Czech Republic)
• Prosco Resources Limited (Ukraine)

Kaolin, commonly referred to as 'China Clay' is a white, soft, plastic clay belonging to a group of alumino silicates. Kaolin is obtained after the hydrothermal and weathering process of anhydrous aluminum silicates, found in feldspar rocks, such as granite. Properties of kaolin such as whiteness coupled with its plastic content make kaolin an ideal material to be used as a filler, extender, raw material, and pigment in refractories, fiberglass, and cement industries.

Growing use of kaolin owing to its inertness over a wide range of pH along with its ability to provide smoothness, gloss, low abrasive, paint absorbency, and brightness to the paper surface is expected to drive the market in the coming years. Kaolin toughens the fibers in plastic products such as in cars, boats, marines, aviation products, etc.

Increasing demand for kaolin products such as 'British Pharmacopoeia Light Kaolin' (BPLK) and 'Heavy Kaolin' for human and veterinary medical products to treat digestion issues is another prime factor for market growth.

Demand for kaolin as an excipient in personal care products as well as in Thalasso therapy for bath and skin treatments has further surged the market growth.

Additionally, the utilization of BPLK in the development of multiple dietary products, foot-powders along with its use in the specialized treatment of lung disorders is forecasted to catapult the market in the years to come. There has been a growing demand for kaolin from the paints industry on account of its ability to improve gloss and color properties which have contributed to the growth of the industry.

By application, the global kaolin market has been segmented into paper, ceramic, paint and adhesives, cement, rubbers, fiberglass, and others (cosmetic products, pharmaceutical products, etc.).

In addition, escalating demand for kaolin from rubber, paints, and coatings, fiberglass is expected to augment market development. Kaolin is widely used as a particulate mineral in filling and coating in paper applications. Rubber is expected to witness major growth potential over the forecast period owing to the use of kaolin as a filler to strengthen the base material and increase reinforcement properties.

Companies such as KaMin, Imerys, and Thiele Kaolin are majorly involved in the exploration, extraction, and supply of kaolin to major end-use industries. Rapid industrialization in emerging economies of Asia Pacific, Latin America, and the Middle East along with the re-emergence of the construction sector is expected to enhance the demand for kaolin across copious applications during the overall period.

Apart from this, steps taken by governments of developing regions of China and India to improve the rate of literacy in the country are expected to bring about the high demand for paper consequently driving the global kaolin market. However, the use of kaolin during hydraulic fracking is expected to increase in North America owing to large shale explorations in the region.

Rising energy costs have forced kaolin manufacturers to increase the price of their products since energy is consumed at each step starting from extraction to manufacturing the finished product. In addition, companies are increasingly focusing on advancements in technology as well as tapping unexplored applications such as printing inks.

Historical & Forecast Period

This study report represents analysis of each segment from 2021 to 2031 considering 2022 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2031.

Market Segmentation

Application

• Paper
• Ceramics
• Paint and Adhesives
• Cement
• Rubbers
• Fiberglass
• Others (Cosmetic products, Pharmaceutical products, etc.)

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Kaolin market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2031.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Kaolin market?
• Which is the largest regional market for Kaolin market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Kaolin market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Kaolin market worldwide?

For more information about this report visit https://www.researchandmarkets.com/r/xyg7pk

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