Kaolin: Key market research findings
- High growth in ceramic market
- Demand from paper packaging market
Technavio has released a new market research report on the global kaolin mining market, which is expected to grow at a CAGR of 4% between 2016 and 2020. Kaolin, also known as china clay or kaolinite is non-abrasive, chemically inert, and has low heat and electric conductivity. The global kaolin mining market is expected to grow at a moderate rate, owing to the growing demand from the ceramics segment. Kaolin is also used in many construction applications such as in spray-applied concrete and swimming pool plaster. The paper industry is the largest end-user of kaolin. APAC dominates the kaolin mining market, accounting for around 39% of eth total market share. Much of this region’s growth comes from the increase in mining activities and surging demand for ceramics in the construction industry.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“The growth of kaolin industry is very much related to the demand for ceramics. Kaolin is used in a variety of ceramic construction materials. Growth in construction activities across the globe, especially APAC, has propelled the demand for ceramics, thereby boosting revenues in the kaolin mining industry. Besides construction, ceramics have extensive usage in the industrial applications as they are resistant to wear and tear, thermal changes, and corrosion. Ceramic materials are also used in high-voltage insulators, spark plugs, abrasives, and ceramic tiles for the lining of ovens. Being the fastest growing market, ceramics will accelerate the growth of kaolin in the coming years,” says Chandrakumar Badala Jaganathan, Lead Analyst, Chemicals & Materials, Technavio Research
Growth in the paper packaging industry is expected to the demand for kaolin during the forecast period. Vendors in the global paper and paperboard container and packaging market are continuously offering new packaging solutions that can prevent contamination of products, especially foods and beverages. Kaolin is used as a filler and also for coating in paper industry. increase in the demand for high-quality packaging for consumer goods worldwide will boost the paper and paperboard container and packaging market, thereby creating more demand for kaolin in this sector.
The leading vendors in the kaolin mining industry include BASF, Imerys, KaMin, Quarzwerke, Sibelco, and Thiele Kaolin. Vendors compete on the basis of the industry specific products. The market is characterized by a series of mergers and acquisitions, which has posed a threat to small vendors. The entry of new players in the market will hamper the growth prospects of key vendors, thereby reducing their market share during the forecast period.
A more detailed analysis is available in the Technavio report, Global Kaolin Mining Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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