The Global Market Report discussing the growth of the Kaolin Market reveals a possibility for the market to make a leap from USD 4.68 bn valuation in 2018 with a 4.35% CAGR during the forecast period of 2019 to 2025.
Market Research Future (MRFR) identifies several market influencers and among them, the paints and coatings industry is expected to change the market scenario. Its application to prevent abrasion is getting lauded by various end user industries. The market is on a path to receive some solid backing from segments like the ceramic industry and the paper & pulp sector.
Sibelco (Belgium), Imerys(US), Thiele Kaolin Company(USA), Quarzwerke GmbH (Germany), Burgess Pigment Company (US), LB MINERALS, LTD (Czech Republic), BASF SE (Germany), I-Minerals, Inc. (Canada), KaMin LLC. (US), and Lasselsberger Group (Hungary) are some names involved in the Kaolin Market. The market is still at a nascent stage where it relies heavily on the strategic moves launched by these companies and on the participation of new entrants. MRFR tracked the recent moves to understand how the global market would change in the coming years due to evolving dynamics in trends and market demands.
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As discussed by research analysts of MRFR, the Global Kaolin Market displays segments like product, grade, and end-use industry that could facilitate the market understanding. Such a study is needed to look at the market from a closer angle and understand the market dynamics that could help develop strategies and spur the profit margin.
By Source, the study of the Global Kaolin Market includes segments like natural and synthetic.
By Grade, the Global Kaolin Market research segments the market into delaminated, calcined, surface treated, hydrous, and structured.
By End-Use Industry, the study with the detail of the Kaolin Market reveals segments like ceramics, paper, rubber, pharmaceuticals, paints & coatings, and others. The paints & coatings market is expected to make some significant changes in the market. Paper and ceramic industries are likely to increase their market intake.
In terms of market share and growth, Asia Pacific has the upper hand. China is the regional leader. India is also increasing its production of kaolin, which is expected to transform the regional market. North America is banking on the US’s reputation as one of the major exporters of the product for growth.
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The recent understanding of Kaolin or white clay and its application in several industries is luring in several ASX-listed companies into the market. Among the latest entrants, SUVO Strategic Minerals (SUV) is impacting the market by acquiring the Mt Marshall Kaolin Project in WA. Such steps are expected to impact the existing market equation among established companies. Altech Chemicals also announced that they had completed their second stage of construction of a plant that will deal with high-purity alumina in Malaysia. The company is planning to include kaolin as its major feedstock.
In July 2020, after an 11-month long hiatus, Metalsearch delivered the maiden resource that would back its 100%-owned Abercorn kaolin project in Queensland. It would also include two higher-grade projects that the company believes could support sales of products like synthetic zeolite and high purity alumina.
The entire market witnessed some slumps in the past few months due to irregular supplies and disruption in projects due to the COVID-19 pandemic. However, the market has found its sweet spot and is expected to explore it to the fullest to register substantial growth in the coming years.
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