Kaolin, subject to its properties of inertness, non-abrasive structure, and opacity, is widely used across the rubber, paper, and ceramic sectors. Kaolin Market growth is observed to be directly proportional to the development of the aforementioned industrial arenas. Kaolin’s excellent characteristics such as durability and electrical performance enable its utilization in plastic and polymer products, thereby spurring the industry growth. According to Global Market Insights, Inc., “Kaolin market, worth USD 4.5 billion in 2015, will cross a revenue of USD 6.5 billion by 2024, growing at a CAGR of 4% over 2016-2024. Metakaolin market, on the other hand, was valued at approximately USD 100 million in 2015, and is expected to hit a revenue of more than USD 150 million by 2014, with a CAGR projection of 4.5% over 2016-2024.”
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Metakaolin possesses excellent thermal stability, owing to which it is widely used in the manufacturing of concrete and mortar. Metakaolin industry from mortar applications will grow at a CAGR of 4% over 2016-2024. Concrete segment dominated the application landscape of metakaolin market in 2015. Metakaolin provides concrete with splitting tensile, flexural, and compressive strength, stimulating its usage in the rapidly growing construction sector, and thereby driving metakaolin market from concrete applications.
Kaolin is extensively used to manufacture ceramic tiles to complement the changing consumer lifestyle dynamics. Global ceramic tiles industry was worth 13 million square meters in terms of volume, and will hit 28,000 million square meters by 2024, with a CAGR projection of 9% over 2016-2024. High demand for ceramic flooring and wall décor will fuel kaolin market from ceramic applications, slated to observe a maximum growth of more than 4.5% CAGR over 2016-2024.
Kaolin helps improvise the gloss factor, brightness, appearance, printability, smoothness, and opacity of paper, owing to which kaolin market from paper applications will observe a CAGR of 3.5% over 2016-2024.
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Regional analysis of the industry over 2016-2024:
- APAC dominated global kaolin market size in 2015 owing to the ever-growing construction sector in the region. Changing consumer lifestyles couples with the robust growth of the automotive and manufacturing sectors across countries such as China, Malaysia, India, and Indonesia will propel APAC industry, slated to grow at a CAGR of 4.5% over 2016-2024.
- Valued at approximately USD 1 billion, North America contributed to more than 20% of global kaolin market in 2015. The tremendous surge in the number of renovation projects and the robust growth of the U.S. construction sector, especially post the 2008 economic deterioration will influence the regional growth.
- U.S. has been the prime revenue contributor toward North America industry. Shifting consumer trends toward replacing wood flooring with ceramic will influence the regional market over 2016-2024.
Global kaolin and metakaolin industry players include Morien Resources Corporation, Thiele Kaolin Company, BASF SE, Xatico Sàrl, Stephan Schmidt KG, Imerys SA, SCR-Sibelco N.V., Daleco Resources Corporation, Lasselsberger GmbH, KaMin LLC, I-Minerals Inc., LB Minerals Ltd., Kaolin AD, Quarzwerke GmbH, and Vale SA.
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