Global Halloysite Market – Growth Rate, Trends, Covid-19 Impact & Forecasts

Halloysite is an aluminosilicate clay mineral consisting of a biocompatible, inexpensive and readily available nanomaterial compared to silicon, aluminum, oxygen and hydrogen-carbon nanotubes with the empirical formula Al2Si2O5 (OH) 4. Moreover, it is an inexpensive, biocompatible Nanomaterial that can easily be compared to carbon nanotubes. The Halloysite are often used as a suspending agent for the enamel preparations owing to its fine particle size. The iron & titanium dioxide content makes halloysite clay an ideal material for the exceptionally white and translucent ceramics. The halloysite material is also used for the high tech ceramic applications, although its use in this application is presently limited but it is expected to increase considerably in the forecast period. The new emerging trends followed by high quality products matching with the production of raw materials to meet the annual needs of Halloys. Moreover, it is expected that the increased raw material extraction is expected to have a positive effect on the market growth owing to the increase in demand for associated products. By application, the halloysite market is divided into ceramics, cosmetics, medicine, and paints.

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Referring to the study, “Global Halloysite Market, 2021-2027” some of the key companies operating in the global halloysite market include Imerys S.A., BASF SE and among others. The market shows a high degree of integration from the supply of raw materials to the processing and distribution of the product. All major manufacturers in the industry are involved in the extraction of raw materials, which is exclusively geared towards self-consumption. Some of the well-organized players in the industry are also involved in the collaborations with huge clay manufacturing as well as distribution companies on a profit-sharing basis.

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Easy availability of raw material, followed by surge in demand for halloysite in the ceramic industry owing to an ideal material with high purity, low titania and low iron content, high demand by tire industry, growth in demand for halloysite-based ceramic ware, increase in demand for halloysite clay as a nanomaterial and rise in demand for halloysite from numerous end-use industries such as cosmetic, medical and polymer are some major factors, which are responsible for growth of the halloysite market. Apart from this, volatility in prices of raw materials may impact the market. Moreover, a modern development in the technology for manufacturing of the halloysite by key players is a leading opportunity for market growth.

Based on regional analysis, the Asia-Pacific is a prevalent region in “Global Halloysite Market” owing to rise in demand for product from cosmetics industry across the region. The market is expected to grow due to strong growth in the construction industry coupled with increased demand for halloysite-based ceramics. The Europe and North-America regions are estimated to witness higher growth rate due to growth in demand in nanomaterial over the forecast period. It is projected that future of the global halloysite market will be bright on account of rise in demand for specialized ceramic clays along with building & construction projects in developing nations during the forecast period.

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