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Kaolin and Metakaolin Market 2024 - Global Industry Analysis & Forecast
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A rise in construction activities across the globe is expected to drive the demand for ceramics, benefitting the kaolin market due to kaolin’s usage in sanitary ware and tiles. Due to the growth of the construction industry in the last couple of years, the global kaolin market, which stood at US$4.0 bn in 2012, is anticipated to reach a market value of US$5.3 bn by 2019. The market is poised to register a 4% CAGR between 2013 and 2019.
By volume, the kaolin market had a capacity of 34,398.9 kilo tons in 2012. On the other hand, the global metakaolin market is expected to reach US$124.2 mn by the end of 2019 from a value of US$91.8 mn in 2012. Overall, the market is expected to exhibit a CAGR of 4.40% until 2019.Growth in construction activities across various regions in the world is the main driving factor of the kaolin market. Kaolin possesses properties such as brilliant opacity, flat particle shape, chemical inertness, and non-abrasive texture, and is thus majorly used as a filler in the manufacture of paints and paper. While kaolin is used in white ware and sanitary ware, metakaolin, which is obtained by thermally treating kaolin, is used in applications such as mortar and concrete, among others.
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The use of metakaolin in cement applications helps reduce carbon dioxide emissions, hence creating an eco-friendly alternative to traditional materials. All the above factors are likely to boost the demand for kaolin and metakaolin in the near future.
The report on the kaolin and metakaolin market provides an in-depth analysis of the market on a global as well as regional level. The study also includes the drivers and restraints and many other factors that have an influence on the market. Additionally, it discusses opportunities available for the growth of the market on a regional and global level.
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Kaolin enjoys high demand from applications such as construction and building foundations, pavements, and architectural structures to satisfy various cement and concrete needs. Similarly, the demand for kaolin also increases when it comes to the manufacture of sanitary ware and ceramic tiles. As ceramic materials have witnessed an increased visibility around the world in several industries and commercial applications, demand for kaolin is likely to expand beyond the construction industry to medical applications and more in the forthcoming years. Based on application analysis, the report states paper as the largest application segment of the kaolin market. This segment took up more than 40% of the market in 2012 due to its growing demand in emerging countries such as China and India. Due to accelerated industrialization in Asia Pacific, this region is expected to continue as the leader in the global kaolin and metakaolin market until 2019.
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