Preliminary research of Fairfield Market Research indicates a promising growth outlook for global kaolin market during the course of next few years.
Increasing Demand from the Paper Industry to Fuel Growth of the Kaolin Market
Rising application in the paper industry remains instrumental in bolstering the growth of the kaolin market. Kaolin improves the whiteness and smoothness of paper and acts as a filling agent in the sheet interstices. Additionally, use of kaolin in paper manufacturing also increases the opacity and ink receptivity of the paper sheet. It gives high brightness, viscosity properties and gloss to paper, which has fuelled its adoption in the sector. For instance, according to Minnesota Department of Natural Resources, around 60% of the mineral is used in the paper industry in the United States. This is expected to boost the growth of the market in the forthcoming years.
Rising Paints and Coatings Industry to Augur Well for the Kaolin Market
Kaolin is widely used in the paints and coatings sector. Used as an additive, kaolin enhances the performance and efficacy of paints and coatings with regards to better suspension properties, high corrosion resistance, high water resistance, reduced viscosities and rapid dispersion. In addition, it offers a cost effective solution in the production of paints and is a cheaper substitution for titanium dioxide. Also, rising construction activities across the globe coupled with increase in urban population have fuelled the manufacturing of coatings and paints. Paint and coating products offer protection to buildings thus preventing damages caused by corrosion and extreme weather conditions. This factor has driven the demand for kaolin in the paint and coatings industry. Other benefits such as improved film formation, reducing rate of passage of moisture and rapid collapse prevention have further fuelled sales of kaolin in coatings and paints. Aforementioned factors are expected to bode well for the kaolin market worldwide.
Increasing Use in Cosmetic and Skin Care Products to Augment Growth of the Kaolin Market
Significant growth in the cosmetics industry is expected to augur well for the kaolin market. This is mainly owing to increasing use of kaolin in different cosmetic applications owing to its favourable characteristics. Among other cosmetic fields, skin care has prevailed as a dominating aspect in the industry as customers become inclined towards using advanced products to treat or cure various skin diseases. Acne being one of the common skin conditions, skin products to treat the disease have been in high demand. This has paved potential avenues of growth for the market owing to increasing demand of the mineral. In addition, kaolin is used in cosmetic products owing to its capability to absorb oil. Moreover, kaolin being gentle on the human skin, it is also used as exfoliant. Other aspects such as mild antibacterial, anti-microbial, anti-inflammatory, and healing properties of kaolin have fuelled its demand in the cosmetics and skin care industry. This factor continues to influence the growth of the market on the global front.
Asia Pacific Expected to Account for a Significant Value and Volume Share in the Kaolin Market
Geographically, Asia Pacific region is poised to reflect high attractiveness for the kaolin market. Emerging nations in the region such as China and India have prevailed as major hubs for several industries and companies are eyeing to tap the huge growth potential in these countries. That said, industries such as cosmetics, food and beverage, paper and rubber among others have been witnessing massive growth since the past few decades. This is expected to give a major impetus to the growth of the market owing to high demand for the product in applications across these industries. In addition, significant growth in the ceramic industry in India, and China has further triggered the adoption of kaolin. Furthermore, use of kaolin in paper industry has increased on the back of rising cost of pulp and its limitations in the manufacturing of paperboard and paper. Other uses of kaolin in industries such as paints, medicines and rubber are also growing owing to favourable functional properties such as superior dimensional stability, insoluble nature, chemical inertness, and abrasion resistance. These factors remain instrumental in driving the growth of the kaolin market in the region and manufacturers and distributors can expect a volley of opportunities from Asia Pacific in the years to follow.
Kaolin Market: Competitive Landscape
Key growth strategies such as acquisitions, partnerships, collaborations, and alliances among others have been witnessed in the kaolin market. For instance, in 2021, KaMin LLC entered into an agreement to acquire BASF SE’s kaolin mineral business which is a part of the company’s Performance Chemicals Division. With this acquisition, the portfolio of KaMin would expand significantly, thus strengthening its position in the market. this acquisition includes different production sites in Toddville, Gordon, Edgar, mills in Sandersville and Toomsboro and Daceyville. Same year in July, Thiele Kaolin Company signed an agreement to acquire certain assets of Imerys Performance Minerals that provide for paperboard and paper applications.
A few of the major players in the kaolin market include Imerys Performance Minerals, EICL Limited, BASF SE, KaMin LLC, Quarzwerke GmbH, 20 Microns, Thiele Kaolin Company, Ashapura Group, Sibelco, W. R. Grace & Co., and I-Minerals Inc.
Regional Classification of Global Kaolin Market Can be Given as Below:
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
*Regions and countries are subject to change based on data availability.
Key Elements Included In The Study: Global Kaolin Market
Post Sale Support, Research Updates & Offerings
We value the trust shown by our customers in Fairfield Market Research. We support our clients through our post sale support, research updates and offerings.
Under uncertainty, traditional approaches to strategic planning can be downright dangerous. True ambiguity is no basis to forecast the future – degree of risk, the magnitude of circumstances, conditions and consequences are not known or unpredictable. To avoid dangerous binary views of uncertainty; strategic posture, moves and actions through market research is the best bet.
Read more