kaolin Market to witness heavy growth prospects from plastic sector till 2024

kaolin Market in the plastic industry, the product finds wide applications and is used for strength, durability and electric performance. Replacing metal and bulky materials with light weight and trendy materials is escalating the polymer and plastic industry thus, boosting the global kaolin market substantially.

Paper industry is one of the major drivers for kaolin market worldwide owing to increasing use of paper in the packaging and labeling industry. Replacing environmentally harmful plastic with paper in the packaging industry an increasing home delivery system in the developed and developing nations is boosting the kaolin market on a large scale.

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Progress in the constructional sector on account of the rapid industrialization in emerging nations is allowing a remarkable expansion of kaolin market. Some of the value-added characteristics of kaolin such as opacity, non-abrasive texture, chemical inertness, make it the most preferred choice for a widespread spectrum of industrial applications such as ceramic, paper, finger glass, and rubber. Growing consumer focus on superior aesthetics result in increasing demand for ceramic tiles, which in a way is providing lucrative business opportunities to kaolin market. Furthermore, as the mineral improves reinforcement properties and durability of the base material, the market demand is huge from paper packaging sector.

Kaolin market finds applications in the ceramic, paint, fiberglass, adhesives, paper, plastic, and cement industries. Metakaolin market finds applications in two key sectors – concrete and mortar. The global kaolin industry for ceramics is expected to register a CAGR of more than 4.5%, driven by the product’s excellent resistance properties, extensive demand for ceramic flooring, and increasingly sophisticated lifestyle dynamics.

Metakaolin market size in mortar applications is anticipated to record a CAGR of almost 4% over 2016-2024, owing to the increasing demand for concrete and mortar in construction. As per the estimates, global construction spending is slated to cross USD 13 trillion by 2024, supported by the factors such as government initiatives for commercial ventures, urbanization, and changing consumer preferences toward an aesthetic living environment.

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Geographically, growth of Asia Pacific kaolin market is forecast to outpace the global landscape, with the highest annual growth rate of 4.5% over the period of 2016-2024. Driven by China, Japan, and India, the regional market dominated the overall share in 2015. Promising constructional industry growth in this region is acting as a major growth enhancer for the metakaolin market.

Prominent players of the metakaolin market are involved in strategic mergers and acquisitions in order to sustain in the competitive market. In 2015, global kaolin market was highly concentrated with top five companies covering 40% of the overall market. Some of the key players of the market include Imerys SA, Daleco Resources, BASF SE, Kaolin AD, I-Minerals Inc., and LB Minerals Ltd.

Major Point From Table Of Content:

Chapter 4. Kaolin Market, By Application

4.1. Global kaolin industry share by application, 2015 & 2024
4.2. Paper
4.2.1. Market estimates and forecast, 2013 – 2024
4.2.2. Market estimates and forecast, by region, 2013 – 2024
4.3. Ceramics
4.3.1. Market estimates and forecast, 2013 – 2024
4.3.2. Market estimates and forecast, by region, 2013 – 2024
4.4. Paints & adhesives
4.4.1. Market estimates and forecast, 2013 – 2024
4.4.2. Market estimates and forecast, by region, 2013 – 2024
4.5. Fiberglass
4.4.1. Market estimates and forecast, 2013 – 2024
4.4.2. Market estimates and forecast, by region, 2013 – 2024
4.6. Rubber
4.6.1. Market estimates and forecast, 2013 – 2024
4.6.2. Market estimates and forecast, by region, 2013 – 2024
4.7. Plastics
4.7.1. Market estimates and forecast, 2013 – 2024
4.7.2. Market estimates and forecast, by region, 2013 – 2024
4.8. Cement
4.8.1. Market estimates and forecast, 2013 – 2024
4.8.2. Market estimates and forecast, by region, 2013 – 2024
4.9. Others
4.9.1. Market estimates and forecast, 2013 – 2024
4.9.2. Market estimates and forecast, by region, 2013 – 2024

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