NEW YORK, March 09, 2023 (GLOBE NEWSWIRE) -- IndexBox, a leading market research firm, has published a new report analyzing the global kaolin market and forecasting its growth potential till 2030. The report provides trial access to market data on the IndexBox platform, which offers comprehensive data on the industry. REQUEST TRIAL ACCESS
According to the report, the global kaolin market is expected to grow at a CAGR of 2.1% during the forecast period. The growth is driven by the rising demand for kaolin in the construction, ceramics, and paper industries. The report also highlights the challenges faced by the industry, such as fluctuating prices of raw materials, the volatility of the market, and intense competition.
Key Statistics:
- Asia-Pacific is the largest market for kaolin, accounting for more than 40% of the global market share.
- The ceramics industry is the largest consumer of kaolin, accounting for more than 30% of the total market share.
- The paper industry is the second-largest consumer of kaolin, accounting for more than 20% of the total market share.
Insights:
The growth of the global kaolin market is driven by the rising demand for kaolin in the construction, ceramics, and paper industries. The construction industry is a major consumer of kaolin, which is used in the production of cement, concrete, and other building materials. The increasing demand for construction materials in emerging economies such as China, India, and Brazil is expected to drive the growth of the kaolin market in the Asia-Pacific region.
The ceramics industry is another major consumer of kaolin, which is used in the production of tiles, sanitaryware, and tableware. The growth of the ceramics industry is driven by the increasing demand for decorative and functional ceramics in the construction, household, and industrial sectors.
The paper industry is also a significant consumer of kaolin, which is used as a filler and coating material in the production of paper and cardboard. The increasing demand for paper products in emerging economies such as China, India, and Indonesia is expected to drive the growth of the kaolin market in the Asia-Pacific region.
However, the kaolin market faces several challenges, including fluctuating prices of raw materials, the volatility of the market, and intense competition. The kaolin market is highly competitive, with the presence of several large and small players. The intense competition among the players has led to a price war, which has negatively impacted the growth of the market.
The report also provides insights into the top five largest manufacturers in the industry, including Imerys, Thiele Kaolin Company, KaMin LLC, LB Minerals Ltd., and BASF SE.
According to Aleksandr Romanenko, CEO of IndexBox, "The kaolin market is witnessing steady growth, and we believe that it will continue to do so in the coming years. Our report provides valuable insights into the market, including growth drivers, challenges, and key statistics, which will help industry players make informed decisions."
The report is now available on the IndexBox website, and interested parties can access trial data to assess the accuracy of the research.
