Press release
$6.5bn Kaolin Market And Metakaolin Market to Hit $150mn by 2024 - Global Industry Analysis, Size and Forecast 2018 – 2023 | Imerys, Sibelco Group, KaMin LLC, Thiele Kaolin Company, BASF, Vale
Kaolin Market
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Asia Pacific kaolin market is expected to grow at a CAGR of more than 4.5% over 2016-2024, driven by the booming construction sector in countries such as India, China, and Japan. Other factors that complement regional growth include changing lifestyle and increasing number of automotive and other high-end industries.
North America kaolin industry registered a revenue of almost USD 1 billion in 2015 and is expected to grow at a healthy rate over 2016-2024, owing to factors such as increasing demand for ceramic flooring and the rising number of remodeling projects. Furthermore, North America also contributed to more than 20% of the global metakaolin market share in 2015.
Escalating end-user industries such as construction, ceramics, paints & adhesives, plastics, and paper in the past few years is the prime reason driving the overall kaolin market share throughout the projected timespan. For instance, the overall ceramic tiles industry share in 2015 was around 13 million square meters and will likely reach 28,000 million square meters by 2024; growing at over 9% CAGR.
Kaolin Market by Application
• Paper
• Ceramics
• Paints & adhesives
• Fiberglass
• Rubber
• Plastics
• Cement
• Others
Metakaolin Market by Application
• Concrete
• Mortar
• Others
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
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.
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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.
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.
Browse key industry insights from the report, “Kaolin Market” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/kaolin-market
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.
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.
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