ID: MRFR/CnM/4409-CR | February 2021 | Region: Global | 150 pages
Kaolin Market outlook states that the market is anticipated to develop at a CAGR of 4.1% through the forecast period.
Kaolin, also identified as china clay, is non-abrasive, chemically inert, low heat, and electrical conductivity properties that have spurred its use in various sectors. The modification of feldspar and micas leads to the formation of a soft matrix of kaolin.
The COVID-19 outbreak has disrupted the manufacturing and supply thereby delayed the development of the kaolin industry. However, some companies such as Oakdale Resources have made the most of their schedule at the business's Gibraltar halloysite-kaolin development on South Australia's Eyre Peninsula by concluding out a maiden aircore drilling schedule in under two weeks. The speedy work made at the site was conceivable owing to the near-surface type of the mineralization with subsequent assays expected back in a month. Many companies in the kaolinite market are also utilizing similar strategies to reduce downtime losses that are becoming worrying in the course of this pandemic.
The renowned contenders in the kaolin market are
BASF SE is exploring the sale of some U.S. chemical assets that could fetch around $400 million. The management is seeking to reorganize the company's range. The world's main chemical manufacturer sees the divestment of a surfactants plant in Kankakee, Illinois, that could be reviewed at about USD 250 million. BASF is also at work with a consultant to test interest in a kaolin business in the U.S. state of Georgia, whose operations could raise at least USD 150 million. The deliberations are speculated to be ongoing, and no concluding decisions have been taken on the possible disposals.
Extensive Use Of Kaolin In The Paper Industry
The prominent factor driving the global kaolin market's growth is the increasing demand for kaolin in the paper industry. Kaolin offers properties such as brightness, whiteness, opacity, gloss, film strength, and viscosity, which make it an ideal product for the coating of paper and as a filler in the bulk of the paper.
Increased Demand For Ceramic Products
Kaolin is widely adopted in high-grade ceramics production, which is further used in the formulation of whitewares, such as tableware, sanitaryware, and tiles.
Widening Scope In The Cosmetic And Pharmaceutical Industries
Furthermore, the emergence of new application areas such as cosmetics and pharmaceuticals is likely to propel the market's growth in the future. The obtainability of potential substitutes is likely to hamper the growth of the global kaolin market.
Digitization Negatively Impacts The Paper Industry
However, the declining use of paper products is anticipated to hinder the forecast period's global market growth.
In terms of value, the calcined segment led the global kaolin market with a 50.2% share in 2019 and is likely to list a CAGR of over 4.00% throughout the review period.
The paper segment reported a major share of over 35% in 2018 due to kaolin's special properties to the paper plane, such as whiteness, glossiness, ink absorptivity, and printing characteristics.
APAC To Report Strong Growth Cues
The Asia Pacific kaolin demand managed the kaolin market in 2019. The National markets of India, China, and Japan are seeing growing demand for kaolin from numerous industrial verticals owing to the quick industrialization rate and budding per-capita income in these nations. The regional market is anticipated to record a CAGR of over 4.5% throughout the forecast period.
Germany To Fortify European Region's Demand
The European kaolin market held the second prime market share of the global in 2019. The market in Europe was assessed to be valued at USD 1,295.0 million in 2018. Germany controlled the regional market's main share and is anticipated to record the uppermost CAGR throughout the review period.
Dec 2020 KaMin LLC and CADAM SA declared that it would raise prices for their performance minerals in its international markets 4 - 9% effective January 1, 2021, or as markets and contracts permit. These increases will vary contingent on product, packaging, and delivery conditions. This price increase is essential to offset growing operational and mining expenses, logistics expenses, and the increasing environmental charges and international product compliance obligations.
Dec 2020 Latin Resources Ltd has kicked-off it's maiden aircore drilling of the Noombenberry Halloysite-Kaolin Project in Western Australia. This comes after primary reconnaissance searching along strike confirmed bright white kaolinite dams a projected 15 kilometers to the northeast inside the company's new tenement applications. Noombenberry which hosts kaolin and halloysite presents a particularly compelling chance for Latin Resources as halloysite is an internationally rare commodity with robust demand drivers. The global market for quality kaolin products is very conventional, kaolin being essential to making paper, paint, porcelain, cement, ceramics, and polymers.
Nov 2020 Andromeda Metals (ADN) has declared a revised mineral resource approximation for its joint venture Great White Kaolin Project. ADN owns a 75 % stake in the project based in South Australia, with Minotaur Exploration maintaining the outstanding stake. Andromeda has upgraded the resource to 34.6 million tonnes of bright white kaolinised granite with an ISO Brightness cut-off of 75 following a series of drilling campaigns. This new resource signifies an upsurge of 8.6 million tonnes or 33% over the earlier resource approximation.
Nov 2020 Suvo Strategic Minerals, a West Australian kaolin and silica sand resource company, will devote USD 2 million to obtain Australia's only important wet producing kaolin operation from French multinational proprietor Imerys SA. The assets entail of three mining leases and a 40,000 tonne per annum processing plant situated in the town of Pittong, from where Imerys has been manufacturing and vending kaolin products since 1972.
|Market Size||2027: Significant Value|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Grade, Application and End-Use|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||BASF SE (Germany), Imerys (France), Sibelco (Belgium), Thiele Kaolin Company (U.S.), LB MINERALS, Ltd (Czech Republic), Ashapura Group (India), KaMin LLC (U.S.), EICL Limited (India), Sedlecký kaolin a.s. (Czech Republic)|
|Key Market Opportunities||Widening Scope In The Cosmetic And Pharmaceutical Industries|
|Key Market Drivers||
Frequently Asked Questions (FAQ) :
The kaolin market is predicted to grow at a 4% CAGR between 2019-2025
The APAC region is predicted to dominate the kaolin market.
Notable players profiled in the kaolin market include Lasselsberger Group (Hungary), LB MINERALS, LTD (Czech Republic), I-Minerals, Inc. (Canada), KaMin LLC. (US), Quarzwerke GmbH (Germany), BASF SE (Germany), Burgess Pigment Company (US), Sibelco (Belgium), Thiele Kaolin Company (USA), and Imerys (US).
Availability of substitutes and harmful impact on human health may limit market growth.
Growing demand in pulp & paper and ceramic industry and increasing use as a filler is boosting market growth.