Kaolin, Metakaolin Market to Reach $5.3 Billion by 2019
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According to a new report published by Transparency Market Research (Albany, N.Y., USA), titled Kaolin & Metakaolin Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019, kaolin is widely used in white ware and sanitary ware, and has a wide range of industrial applications in industries such as paper, paints and adhesives, ceramics, and other specialty uses.
A rise in construction activities across the globe is expected to drive the demand for ceramics, benefitting the kaolin market due to kaolin's usage in sanitary ware and tiles. Due to the growth of the construction industry in the last couple of years, the global kaolin market, which stood at $4.0 billion in 2012, is anticipated to reach a market value of $5.3 billion by 2019. The market is poised to register a 4% CAGR between 2013 and 2019.
By volume, the kaolin market had a capacity of 34,398.9 kilo tons in 2012. On the other hand, the global metakaolin market is expected to reach $124.2 million by the end of 2019 from a value of $91.8 million in 2012. Overall, the market is expected to exhibit a CAGR of 4.40% until 2019.Growth in construction activities across various regions in the world is the main driving factor of the kaolin market. Kaolin possesses properties such as brilliant opacity, flat particle shape, chemical inertness, and non-abrasive texture, and is thus majorly used as a filler in the manufacture of paper and paints.
The report on the kaolin and metakaolin market provides an in-depth analysis of the market on a global as well as regional level. The study also includes the drivers and restraints and many other factors that have an influence on the market. Additionally, it discusses opportunities available for the growth of the market on a regional and global level.
Based on application analysis, the report shows paper as the largest application segment of the kaolin market. This segment took up more than 40% of the market in 2012 due to its growing demand in emerging countries such as China and India. Due to accelerated industrialization in Asia Pacific, this region is expected to continue as the leader in the global kaolin and metakaolin market until 2019.
