Kaolin Market Driven By Rising Demand Of Kaolin Especially In The Manufacturing Of Whiteware Ceramics By 2030 | Grand View Research, Inc.

May 04 21:30 2022
Kaolin Market Driven By Rising Demand Of Kaolin Especially In The Manufacturing Of Whiteware Ceramics By 2030 | Grand View Research, Inc.
Grand View Research, Inc. – Market Research And Consulting.
According to a new report published by Grand View Research, The global kaolin market size is projected to reach approximately USD 5.87 billion by 2030. It is expected to exhibit a CAGR of 3.7% from 2022 to 2030.

Kaolin Industry Overview

The global kaolin market size was estimated at USD 4.24 billion in 2021 and is expected to exhibit a compound annual growth rate (CAGR) of 3.7% from 2022 to 2030.

The market is showing signs of recovery with progress observed in construction activities around the globe during the second half of 2020.Majority of the countries around the globe designated the construction activities among essential industries, thereby opening material demand for products such as paints & coatings, plastic, ceramics, among others. This directly brought some relief for the kaolin vendors which observed significant decline in the new order bookings during the first half of FY 2020. The U.S. is among the largest producers of kaolin around the world. As per the stats released by the United States Geological Survey (USGS) in 2022, the production volume of the product declined continuously from 2017 to 2020. Especially in 2020, the production volume decreased by nearly 9.7% owing to the widespread disruption caused with the emergence of COVID-19. In addition, with the lockdown initiation, the downstream demand of the product suffered immensely with key application sectors such as paper, ceramics, rubber, among others witnessing negative trajectory.

Gather more insights about the market drivers, restrains and growth of the Global Kaolin market

The domestic paper industry was badly affected by the emergence of COVID-19 and the subsequent work from home policy. Owing to the remote working scenario, consumption of printing and writing paper declined significantly in FY 2020. Such downgraded demand led its havoc on the production side as overall volume of writing and printing paper in the U.S. declined by nearly 7% between 2019 and 2020.

U.S. Kaolin market size, by application, 2020-2030 (Kilotons)

On the consumption side, slowdown in the construction activities during Q2 of FY 2020 dried up the demand for materials such as plastic & paints, ceramic and associated products, plastic, among others. This directly impacted the new order bookings of kaolin and related products. Despite such sluggish consumption trends, the domestic marketspace showed the signs of improvements from the last quarter of FY-2020 largely due to the full resumption of industrial and construction activities. In addition, the passing of infrastructure investment and jobs act is likely to open new avenues within the construction sector of the country.

Kaolin Market Segmentation

Based on the Application Insights, the market is segmented into Paper, Ceramics, Paint & Coatings, Fiber Glass, Plastic, Rubber, Pharmaceuticals & medical, Cosmetics, and Others.

  • Paper dominated the market and accounted for a volumetric share of nearly 39.1% in 2021. Kaolin coating improves the appearance of paper giving it varied level of gloss, smoothness, brightness, opacity and printability.
  • Ceramics is projected to emerge as the second largest application segment with highest compounded annual growth rate of nearly 4.6% in terms of volume in the forecast period.

Based on the Kaolin Regional Insights, the market is segmented into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa

  • Asia Pacific accounted for largest volumetric share of more than 41.0% in 2021. Economic development and rapid industrialization have stimulated the growth of kaolin market in Asia Pacific.
  • North America region registered a revenue share of nearly 13.4% in 2021. The drive of the current U.S. administration to promote the development of green energy sectors is projected to play a key role in uplifting demand for kaolin associated products. 

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  • Glass Manufacturing MarketThe global glass manufacturing market size was valued at USD 120.3 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 3.7% from 2021 to 2028. Increasing deployment of the products in several applications including packaging, construction, and electronics, is anticipated to boost market growth over the forecast period.
  • Advanced Ceramic Additives MarketThe advanced ceramic additives market size was valued at USD 529.1 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 5.0% from 2021 to 2028. Growing usage of advanced ceramics especially in medical applications is anticipated to propel the use of additives over the forecast period. Advanced ceramic has emerged as an ideal material to produce medical devices and components.

Market Share Insights:

  • In 2014: Imerys S.A and Nedmag entered in a collaboration. In addition, key industry share contributors including Imerys, KaMin and BASF have presence across multiple stages in the industry ecosystem, which them in holding a substantial share in the business.
  • In 2015: The kaolin market share was moderately consolidated with top five product manufacturers holding roughly around 40% of the overall industry share. Some of the industry contributor includes BASF SE, Imerys SA, Daleco Resources Corporation, I-Minerals Inc., Kaolin AD, KaMin LLC.

Key Companies Profile:

The manufactures are mostly focusing on keeping the liquidity flow in order to avoid any further losses. Limited new order bookings pushed the financial revenue earnings for most of the vendors towards negative trajectory in FY 2020. Even the trade opportunities declined due to the partial closures of ports around the globe. The situation improved in FY 2021 with the price rise announced by majority of the industry participants.

Some prominent players in the global kaolin market include

  • LB Minerals Ltd.
  • Sibelco
  • KaMin LLC
  • Thiele Kaolin Company
  • Imerys S.A.
  • I-Minerals Inc.
  • Quazwerke GmbH
  • Maoming Xingli Kaolin Co. Ltd.
  • EICL Ltd.

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About Grand View Research

Grand View Research is a full-time market research and consulting company registered in San Francisco, California. The company fully offers market reports, both customized and syndicates, based on intense data analysis. It also offers consulting services to business communities and academic institutions and helps them understand the global and business scenario to a significant extent. The company operates across multitude of domains such as Chemicals, Materials, Food and Beverages, Consumer Goods, Healthcare, and Information Technology to offer consulting services.

Web: https://www.grandviewresearch.com

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