Wollastonite Market : Growth of Global Building and Construction Industry to Bode Well for Wollastonite Market

Sustained consumption of plastics is predominantly driving wollastonite demand in global market. An ongoing study of Fairfield Market Research also highlights thriving prospects for engineered wollastonite as it continues to be a highly versatile, and effective performance material among manufacturers of needs of ceramics, paints, adhesives and sealants, construction materials, and friction products. The report forecasts China to retain its lead over others, strengthening the preeminent position of Asia Pacific in global wollastonite market.

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Automotive, and Construction Industries Register Notable Wollastonite Consumption

With industries worldwide accelerating their journey toward the sustainability goal, there have been remarkable preferential shifts with respect to materials utilised during all the industrial processes. Consumption of plastics is likely to flourish in the light of rising demand for fuel-efficient vehicles, and environmentally superior and lighter building designs and structures.

Designers, engineers, as well as manufacturing companies continue to affirm their preference for wollastonite over other performance additives given the cost benefit that it offers. This is expected to remain a prominent factor fuelling the growth of wollastonite market. Automotive industry has especially been showcasing greater affliction for plastics to achieve reduced vehicle weight, and higher endurance. Rising uptake of plastics by building and construction industry remains another strong push factor accounting for wollastonite market growth, says the report.

Wollastonite Market to Benefit from Surging Ceramic Consumption

An increasing number of home renovation, home improvement, and residential/commercial redevelopment projects is expected to boost wollastonite market growth. Extensive usage in manufacturing of a number of construction materials, especially ceramics, continues to bolster wollastonite sales. The aesthetically pleasing glazing effect of wollastonite in ceramic products continues to be responsible for their surging adoption in new installations, as well as renovation and refurbishing projects. Sales of frits, fluxes, sanitaryware, enamels, flooring, and ceramic tiles will uphold demand for wollastonite, says the report.

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Paints and Coatings Industry Remains Profitable

Demand generation from paints and coatings industry also remains instrumental to wollastonite market build-up as it plays a crucial role in reducing oil absorption, thereby slashing overall production costs. Thriving trend of powder, corrosion-resistant, and semi-gloss coatings is projected to specifically push the market potential of fine grade version of wollastonite. The mineral also uplifts the life of paint films, enhancing their resistance to the weathering, which elevates prospects of wollastonite in global market. Growing demand for water and plumbing systems, heating and cooling systems, geothermal piping systems, and snow melting mechanism will further push market expansion.

China Maintains its Lead Banking on its World's Largest Manufacturing Sector

Besides the US, wollastonite reserves are predominantly found in China, India, Finland, and Mexico. While China continues to lead in terms of production, followed by India, the trend will continue attributing to the relentless consumption of wollastonite by a large number of industrial and commercial goods manufacturers. Incessant need generated by the epicentre of Chinese economy, i.e., manufacturing sector, is expected to remain the key contributor to the country's dominance in wollastonite market.

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Key Companies in Global Wollastonite Market

The report has profiled some of the key players driving competition global wollastonite market, which prominently include
• Canadian Wollastonite,
• Nordkalk,
• Wolkem,
• ACB Minerals Joint Stock Company,
• NYCO Minerals Inc,
• Imerys,
• R. T. Vanderbilt Holding,
• Anhui Pioneer Mining Co. Ltd.,
• Vanderbilt Minerals, LLC.

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