Press release
Kaolin Market to Hit $6.5bn and $150mn by 2024 | Trend and Growth Analysis Report 2016-2024 By Key Players | KaMin LLC, Thiele Kaolin Company, BASF, Imerys, Sibelco Group, Vale
U.S. Kaolin Market size, by application, 2013-2024 (USD Million)
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This trend will subsequently boost the business growth. In addition, the product also finds application in tire manufacturing to upgrade its mechanical properties. Increasing automotive production and sales in Asia Pacific and Latin America on account of increasing consumer spending towards lavish lifestyles will complement the global kaolin market size in the coming years.
Kaolin market share for ceramic is likely to witness highest growth at over 4.5% CAGR by 2024.
It is chiefly used in ceramic tiles manufacturing to develop its thermal resistance. Increasing ceramic tiles industry share for wall and flooring applications will drive the global industry share by 2024.
Kaolin Market is poised to surpass USD 6.5 billion, Metakaolin Market is likely to exceed USD 150 million by 2024; according to a new research report by Global Market Insights, Inc.
Kaolin Market by Application
• Paper
• Ceramics
• Paints & adhesives
• Fiberglass
• Rubber
• Plastics
• Cement
• Others
Metakaolin Market by Application
• Concrete
• Mortar
• Others
In 2015, kaolin market share for paper comprised for the major chunk of the global industry and shall experience escalating growth more than 3.5% between 2016 and 2024. Increasing product usage in paper coating and filling applications to improve its features such as gloss, brightness, smoothness, and opacity will complement the industry growth by 2024.
In 2015, concrete accounted for a significant chunk in global metakaolin market share. The product finds major application in the concrete applications to improve its flexural strength, splitting tensile and compressive strength. Concrete is a major product in the construction industry. Thus, sturdy construction industry flexural strength will ultimately propel the industry size in the coming years. Additionally, metakaolin market share for mortar will witness approximately 4% growth by 2024.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. BASF
2. Imerys
3. Daleco Resources Corporation
4. I-Minerals Inc
5. Kaolin
6. KaMin LLC
7. Sibelco Group
8. LB Minerals Ltd.
9. Quarzwerke GmbH
10. Thiele Kaolin Company
11. Vale
12. Stephan Schmidt KG
13. Morien Resources Corporation
14. Lasselsberger GmbH
15. Xatico Group Sàrl
North America, mainly led by the U.S. accounted for approximately 20% of the total kaolin market share in 2015. Growing U.S. economy post 2008 economic downturn has positively influenced the construction business. Additionally, increasing residential renovation activities along with drifting consumer attention towards replacing wood flooring with ceramic tiles will complement regional industry by 2024.
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Browse key industry insights spread across 132 pages with 175 market data tables & 14 figures & charts from the report, “Kaolin Market” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/kaolin-market
In 2015, Asia Pacific registered a notable share in the kaolin market size and is likely to observe growth more than 4.5% between 2016 and 2024. Promising construction industry growth in India, Japan and China is an important regional industry growth prospect. Robust automotive manufacturing and sales in India, China Malaysia and Indonesia will drive regional industry size. Furthermore, increasing government initiatives in India and Southeast Asia countries to promote education will substantially boost the product demand for paper applications.
In 2015, kaolin market size was consolidated with five major companies accounting for over 40% of the overall business share. Some prominent kaolin market share contributors are Imerys SA, BASF SE, I-Minerals Inc., Daleco Resources, KaMin LLC, Kaolin AD, LB Minerals Ltd, SCR-Sibelco N.V, Quarzwerke GmbH, Vale SA, Thiele Kaolin, Morien Resources, Stephan Schmidt KG, Xatico Sàrl and Lasselsberger GmbH.
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Blog: http://technologymagazine.org
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