World Kaolin Market to Expand to $8.99 Billion during Next Eight Years

The global kaolin market is expected to reach $8.99 billion by 2024, according to a new report by Grand View Research Inc., San Francisco, Calif., USA. Rapid urbanization coupled with infrastructural development has resulted in tremendous growth in the construction sector of emerging economies including India, China, Russia, and Brazil. This is anticipated to augment kaolin market demand. 

 

Rising demand for paper packaging is expected to fuel product demand owing to its enhanced properties such as reinforcement and durability of the base material. Increasing application in novel applications including printing inks, and Portland cement is expected to open new opportunities for growth over the forecast period. 

 

Growing demand for ceramic products is expected to be one of the primary drivers for market growth. In addition, rising demand for paper, rubber, paints and coatings, and fiberglass is projected to augment market development. 

 

Access to the full research report is available online.

 

The presence of regulations in the U.S., including the Clean Water Act and Surface Mining Act to preserve the ecology, is expected to restrain market growth to a certain extent. However, unavailability of direct substitutes for kaolin has resulted in its substantial demand over the past few years, and this trend is expected to continue over the forecast period.

 

Key Findings of the report include:  

• Paper emerged as the most dominant application segment in the kaolin market and constituted more than 40% of market share by revenue share in 2015. Demand for eco-friendly packaging materials, including paper, has been growing over the past few years on account of growing apprehensions regarding environment protection will augment product demand over the next eight years. 
• Asia Pacific dominated the product market with the industry valued at more than $1.00 billion in 2015. The market is anticipated to experience growth over the forecast period due to rising demand from the construction sector in China, Indonesia, and India. Increasing R&D expenditures will increase product use in non-traditional application segments such as plastics, rubber, and pharmaceuticals, and are expected to open new growth opportunities during the forecast period.