Top Emerging Trends Of Kaolin Market Progress Forecast 2030 |Grand View Research, Inc.Posted by Mrudula Anil Karmarkar on October 20th, 2023 San Francisco, 20 Oct 2023: The ReportKaolin Market Size, Share & Trends Analysis Report By Application (Paper, Ceramics, Paint & Coatings, Fiber Glass, Plastic, Rubber, Cosmetics), By Region, And Segment Forecasts, 2023 - 2030 The global kaolin market size is expected to reach USD 5.22 billion by 2030, registering a CAGR of 4.1% over the forecast period, according to a new report by Grand View Research, Inc. The rising prominence of kaolin especially in the manufacturing of whiteware ceramics is projected to aid the market growth over the predicted timeline. According to the stats released by the United States Geological Survey (USGS) in 2022, the global production of kaolin was estimated at around 46 million tons in 2020. The key kaolin-producing countries are the U.S., Uzbekistan, China, India, Germany, the Czech Republic, and others. Among these countries, India was the front runner with a total estimated production volume of approximately 7.6 million tons in 2020. Key global players in the kaolin industry include BASF SE, Sibelco, and Imerys SA. There are no significant merger & acquisition activities observed in recent years. Although, Sibelco N.V. and Thiele Kaolin Company initiated some acquisition activities in order to expand their product portfolio and diversify their business. These activities are projected to result in the consolidation of the industry over the coming years. However, most of the players in the market are focused on increasing kaolin prices in order to ensure the long-term sustainability of the business. These players announced an increase in prices by 4% to 9% in 2021 for different applications, in which paper was a key application. Most of the companies experienced inflation in different aspects of the business including inflation in chemicals and freight costs. In addition, the downgrade caused due to the breakout of the pandemic from key application sectors directly impacted the revenue earnings of major market participants in 2020. An increase in prices is projected to create less impact on the demand of kaolin, as this increase was initiated by most of the small, medium, and large companies across the globe. Imerys and BASF SE emerged among the top players in this market space. Imerys S.A. was established in 1880 and is engaged in the manufacture and marketing of kaolin products. The company is involved in the development of new products to maintain a strong hold over the global market with production facilities in the U.S., the UK, Brazil, Sweden, and France. The domestic paper industry was badly affected by the emergence of COVID-19 and the subsequent work-from-home policy. Owing to the remote working scenario, consumption of printing and writing paper declined significantly in FY 2020. Such downgraded demand led its havoc on the production side as the overall volume of writing and printing paper in the U.S. declined by nearly 7% between 2023 and 2020. Request sample report of Kaolin Market@https://www.grandviewresearch.com/industry-analysis/kaolin-market/request/rs1 Kaolin Market Report Highlights
A majority of countries around the globe designated construction activities among essential industries, thereby opening material demand for products such as paints & coatings, plastic, and ceramics. This brought some relief for the kaolin vendors which observed a significant decline in new order bookings during the first half of FY 2020. The U.S. is among the largest producers of kaolin in the world. As per the stats released by the United States Geological Survey (USGS) in 2022, the production volume of the product declined continuously from 2017 to 2020. Especially in 2020, the production volume decreased by nearly 9.7% owing to the widespread disruption caused by the emergence of COVID-19. In addition, with the lockdown initiation, the downstream demand for the product suffered immensely with key application sectors such as paper, ceramics, and rubber, among others witnessing a negative trajectory. Kaolin Market Report Scope
List of Key Players in Kaolin Market
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