- Kaolin, also referred to as China clay, is a necessary constituent in porcelain production. It is also utilized in the fabrication of rubber, papers, paints and several other products.
Expansion in the construction sector in the last few years has increased demand from various auxiliary markets, kaolin being one. The kaolin market has been analyzed with respect to the forecast phase of 2013 to 2019. The global market was predicted to have stood at about USD 4.1 billion in 2012. It is projected to augment further at a CAGR of around 4 percent through the said phase. The market is anticipated to attain around USD 5.3 billion with respect to income by 2019.
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Rising demand for ceramic tiles and sanitary ware is expected to augment the kaolin market further. Boosting demand for cement and concrete, extensive demand for paper in Asia Pacific and materialization of bioceramics in endodontics are some other prominent drivers of the kaolin market. The market is estimated to undergo considerable demand over the forecast phase. This is primarily on account of the growing utilization of kaolin in the production of ceramic products.
Escalating investments in the sector of construction are estimated to steer the sales of ceramics. This would also drive further demand for the kaolin market. The global industry of paper packaging for beverage and food applications is forecast to expand significantly in the coming years. This is also estimated to drive the sales of the market. Additionally, the growing utilization of kaolin as fillers in various applications, like plastics and rubber is predicted to steer the kaolin market forward.
Consequent expansion in the industries of plastics and rubber is also anticipated to add revenue to the market over the coming years. On the other hand, the increased usage of calcium carbonate in place of kaolin in various paper applications is a factor that hinders the pace of the kaolin market and prevents it from expanding further. The worldwide market is bifurcated on the basis of two categories. These are applications and geographies.
Paper was the biggest application sector of the kaolin market in 2013. It occupied more than 40 percent of the share. Accelerated demand for paper in applications, like packaging and print media is also projected to raise the sales of the kaolin market in the years ahead. Governmental initiatives by India, China and other emergent regions of Asia Pacific are causing greater literacy. They are also propelling the sales of writing and printing papers.
The enhanced status of the construction industry is anticipated to steer further demand for ceramics, subsequently also furthering the kaolin market. Ceramics are estimated to remain the most swiftly expanding application in the forecast phase. Kaolin is also broadly utilized as a stabilizer in fiberglass, paints and rubber. Thus, expansion in the sectors of fiberglass, paints and rubber is predicted to drive the sales of the kaolin market.
Asia Pacific leaded the market in 2013. This trend is anticipated to continue in the years to come. The region captured nearly 30 percent share. Fast urbanization in India and China would fuel further demand for the kaolin market. North America would undergo slow development in the coming years.
Information Source: Grand View Research
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