Pune, India, October, 2018 /press release/- Market Research Future Published a Half-Cooked Research Report on Kaolin Market Research Report.
Kaolin Market – Overview
The vast availability of kaolin reserves coupled with their broad application range is expected to add an optimistic outlook on the market growth. Market reports associated to the chemicals and materials industry have been made available by Market Research Future who issues reports on other sectors that have been presently published along with a report on this industry. The market is projected to achieve a high CAGR rate while grossing elevated revenue levels in the forecast period.
The stable demand from the paper industry is powering the demand for the kaolin market in terms of new product development. The easy availability of kaolin has enabled competitive pricing for kaolin products which is spurring further expansion of the market. The growing environmental concerns and the requirement for reduction of carbon emissions have influenced the use of biodiesel, which has augmented the market development.
The segmentation of the kaolin market is segmented on the basis of grade, type, and application. On the basis of grade, the market is segmented into hydrous, calcined, pulverized, surface modified, and others. The kaolin market is segmented on the basis of the type into synthetic and natural. On the basis of application, the kaolin market is segmented into ceramics, paper, fiberglass, paints & coatings, pharmaceuticals, construction, plastics, rubber, and others.
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Detailed Regional Analysis
The kaolin market is segmented into regions such as Latin America, North America, Asia Pacific, Europe, and the Middle East & Africa. The Asia Pacific region is responsible for the principal market portion both in terms of volume and value owing to the high use of the product especially in the paper industry for packaging. The high export level and packaging of electronics, automotive, and consumer goods have augmented the market development in the region. The growing demand for kaolin from the cement manufacturing industry and pharmaceuticals sector is another driver of the market development globally. The high penetration of the paints & coatings industry in countries such as Japan, China, India is likely to provide a positive stimulus to the market growth. The North American region is the subsequent major region in the kaolin market on account of increased demand for kaolin from the paper packaging industry. The widespread use of kaolin for cement manufacturing is expected to motivate the product demand for the construction sector in the North American region. The demand for kaolin in the European region is growing due to the manufacture of concrete, biodiesel, and paints & coatings. The increasing rate of construction activities in the Latin American region is anticipated to drive the kaolin market in the forecast period. The ongoing infrastructural activities in the GCC nations are motivating the development of the kaolin market in the Middle East region.
The growth trends have been revised in tandem to the customer tastes to achieve major development, and in the long run, productivity. The variation in the services and products is the chief factor intensifying the market's efficiency and controlling the trends that are acquiring distinction in the market. The variety witnessed in terms of strategy creation and execution is changing the development pace of the market. The influential success factors and players’ preferences are slowly but surely mounting by the strategies being used by market contenders. The state of affairs regarding growth plans has stimulated the market for potential new entrants. The expansion of the market is based on the drivers that are drastically altering the market backdrop.
The frontrunners in the market are I-Minerals, Inc. (Canada), Thiele Kaolin Company (U.S.), Imerys (U.S.), BASF SE (Germany), Quarzwerke GmbH (Germany), Kaolin AD (Bulgaria), KaMin LLC. (U.S.), Sibelco (Belgium), LB MINERALS, LTD (Czech Republic), and AKW Ukrainian Kaolin Company (Ukraine).
Mar 2018 Kaolin which is a wholly-owned Bulgarian subsidiary of Germany’s Quarzwerke GmbH, has planned to invest 30 million euro in establishing up a new processing plant in the town of Dulovo, in the country's northeast region. The plant's construction will commence in 2019 and will be completed in 2 years.