Global Kaolin Market Worth $5.88 Billion by 2020
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Radiant Insights, San Francisco, Cali., USA, has announced the addition of the "Kaolin Market Analysis By Application (Paper, Ceramics, Paint, Fiberglass and Rubber) And Segment Forecasts To 2020" report to their offering.
Global Kaolin Market is expected to reach USD 5.88 billion by 2020. Growth of construction sector on account of industrialization in emerging economies including China, Brazil, India and Russia is expected to drive kaolin market demand. Increasing demand for paper packaging is anticipated to partly drive kaolin demand, as the mineral enhances durability and reinforcement properties of the base material.
Paper was the largest application segment for the kaolin market accounting for over 40% of volume share in 2013. Ceramics is expected to be the fastest growing application segment at a CAGR of 4.4% from 2014 to 2020.
Rising concern regarding environment protection is expected to drive demand for eco-friendly packaging materials such as paper, which would aid kaolin market growth over the forecast period. Asia Pacific was the largest kaolin market with revenue exceeding USD 1.5 billion in 2013. Construction industry growth in India, China and Indonesia is expected to have a positive impact on the market.
Companies Mentioned:
- Thiele Kaolin
- Imerys SA
- I-Minerals Inc
- Quarzwerke GmbH
- SCR-Sibelco NV
- KaMin LLC
- BASF SE
- LB Minerals Ltd
- Kaolin AD
- Ukrainian Kaolin Company.
