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Kaolin Market Share, Growth Drivers, Industry Forecast 2033
Kaolin Market Share
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According to The Business Research Company's, The kaolin market size has grown strongly in recent years. It will grow from $9.37 billion in 2023 to $10.29 billion in 2024 at a compound annual growth rate (CAGR) of 9.7%. The growth in the historic period can be attributed to industrialization and urbanization, ceramic industry demand, paper industry growth, rise in construction activities, cosmetics and pharmaceutical usage.
The kaolin market size is expected to see strong growth in the next few years. It will grow to $14.67 billion in 2028 at a compound annual growth rate (CAGR) of 9.3%. The growth in the forecast period can be attributed to consumer preference shifts towards natural products, globalization and trade expansion, rise in agricultural usage, environmentally sustainable alternatives, growing cosmetic applications. Major trends in the forecast period include nanotechnology applications, R&D for innovative applications, bio-ceramics and medical uses, kaolin-based filtration systems, inclusion in polymers and composites.
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Market Drivers and Trends:
Rising demand for paper and ceramic products is expected to propel demand for the kaolin market. A ceramic is a product composed of either metal or non-metal compounds after being shaped and hardened by heating to high temperatures. Paper products are items such as paper napkins, towels, and corrugated papers made of sugar cane waste, flax, bamboo, wood, linen rags, cotton, and wheat straw. The use of kaolin coating enhances the appearance of ceramic and paper by varying their gloss, smoothness, brightness, opacity, and printability. For instance, in November 2021, according to an article by the International Energy Agency (IEA), a France-based autonomous intergovernmental organization, global paper and paperboard output is expected to expand by 1.5% annually to 2030. Therefore, the rising demand for paper and ceramic products will drive the kaolin market.
Facility expansion is a key trend gaining popularity in the kaolin market. The manufacturers in this market are focusing on expanding their facilities to drive the development of the mining sector and meet market demand. For instance, in May 2023, the Federal Government of Nigeria, a Nigeria-based government body, launched the Kaolin Ore Processing Plant in Alkaleri. The inauguration of the Kaolin Ore Processing Plant marks a strategic shift from exporting raw materials to exporting processed materials, emphasizing the value addition that leads to increased profitability. The government is actively encouraging stakeholder participation to harness the rich mineral potential in Nigeria. This initiative aims to generate substantial direct and indirect employment opportunities, foster wealth creation, and contribute to the enhancement of the national GDP.
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Major Key Players of the Market:
Ma'aden Wa'ad Al Shamal Phosphate Company Imerys S.A., Ashapura Group, Sibelco Group, Thiele Kaolin Company, Arcilla Mining & Land Company LLC, Quarzwerke Group, KaMin LLC, Burgess Pigment Company, G&W Mineral Resources, Ashok Alco-Chem Limited, Kentucky-Tennessee Clay Company (K-T Clay), Edgar Minerals Inc., Quimialmel S.A., Shree Ram Group of Industries, LB Minerals s.r.o., Keramost a.s., EPK Group, Advanced Primary Minerals Corporation Altech Chemicals Ltd., WA Kaolin Ltd., English Indian Clays Ltd., I-Minerals Inc., Sedlecký Kaolin a.s., Bentonit União Nordeste S/A, South African Kaolin Group, Satintone Inc., UMA Group of Kaolin Companies
Kaolin Market 2024 Key Insights:
• The kaolin market size is expected to see strong growth in the next few years. It will grow to $14.67 billion in 2028 at a compound annual growth rate (CAGR) of 9.3%.
• Kaolin Market Surge Anticipated As Demand Escalates In Paper And Ceramic Industries
• Emphasis On Facility Expansion And Value Addition
• Asia-Pacific was the largest region in the kaolin market in 2023
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Market Overview:
Kaolin is a type of clay that is derived from kaolinite mineral found in the earth’s crust by thermal weathering of feldspar. Kaolin, also known as china clay, is an odorless white to yellowish powder and exhibits various properties such as glossiness, brightness, abrasiveness, and viscosity.
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Market Overview;
Kaolin is a type of clay that is derived from kaolinite mineral found in the earth’s crust by thermal weathering of feldspar. Kaolin, also known as china clay, is an odorless white to yellowish powder and exhibits various properties such as glossiness, brightness, abrasiveness, and viscosity.
The global kaolin market is primarily driven by the increasing demand for the product in the paper industry. About 40% of kaolin is used…
