Kaolin Market is projected to grow at CAGR of 3.97% during the forecast period to reach a market size of US$7.118 billion in 2023

The recent study on the kaolin market covers an in-depth analysis of the market on the basis of process, application, and geography. The report also covers the country level analysis within the regions as well. Additionally, the report covers the key trends in the market along with drivers and restraint during the forecast period 2018-2023. According to the report titled “Kaolin Market – Forecasts from 2018 to 2023”, the market is expected to increase from US$5.636 billion in 2017 to US$7.118 billion by 2023, at a CAGR of 3.97% during the projected period. The report has segmented the kaolin market by the process (dry processing, wet processing), application (paper, paints & coatings, ceramics, and others) and geography (North America, South America, Europe, Middle East, and Africa, and the Asia Pacific). Kaolin serves as a coating which increases smoothness, brightness, and gloss of the paper, ceramics, paints and other products. The demand for kaolin is increasing during the forecast period mainly due to the increasing demand for ceramics products and growing usage of kaolin in the cement industry. In addition, increasing investment in the construction sector is further boosting the demand for kaolin.

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Application in paper is anticipated to grow at a CAGR of 3.79 % during the forecast period.

Application in the paper segment is expected to hold the largest share of the kaolin market in 2017. Kaolin improves multiple properties of paper such as roughness, low linting tendencies, and ink absorption, which further enhances the printability of paper. Increasing adoption of kaolin in paper production is projected to drive the growth of the paper application segment during the forecast period.

The Asia Pacific holds a significant share in the market

Asia Pacific kaolin market is estimated to hold a substantial share of the global market during the forecast period on account of increasing investment in construction and infrastructure sector. Moreover, rising demand for paper coating materials and increased use of paper packaging products is further expected to drive the demand of kaolin in the Asia Pacific region. In addition, the growth of the paper industry and high demand for plastics and increasing adoption of ceramics in the construction industry is further supplementing the growth of the market in the region during the forecast period.

Some of the major industry players profiled as part of the report are EICL Ltd., BASF, Kaolin AD, Thiele Kaolin Company, Ashapura Group, and Kamin LLC among others.

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