The global kaolin market is expected to grow significantly in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the market is growing with a CAGR of 4.8% in the forecast period of 2022 to 2029 and is expected to reach USD 7,480.21 million by 2029. The major factor driving the growth of the Kaolin market is the rise in construction activities across the globe, favorable chemical and physical properties of kaolin, increase in demand for kaolin from various end-use industries, and high adoption of kaolin as a coating additive.
The global kaolin
market report provides details of market share, new developments, and the
impact of domestic and localized market players, analyses opportunities in
terms of emerging revenue pockets, changes in market regulations, products
approvals, strategic decisions, product launches, geographic expansions, and
technological innovations in the market.
To understand the
analysis and the market scenario, contact us for an analyst brief. Our team
will help you create a revenue impact solution to achieve your desired goal.
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Drivers
- Increase
in demand for kaolin from various end-use industries
The increase is
attributable to increased demand for paper from various end-use industries,
such as packaging and printing. Furthermore, this material is widely used to
fill and coat pieces as it reduces particle size and enhances strength. Kaolin
is frequently used in the paper industry because it offers a variety of
qualities, including good ink receptivity, paper smoothness, and the optimum
opacity for paper making.
- High
adoption of kaolin as a coating additive
Kaolin is the most
extensively used particulate mineral in the filling and coating paper. It
improves paper appearance, characterized by gloss, smoothness, brightness, and
opacity, and of greatest significance, it improves printability. Paper is also
filled with kaolin to extend fiber.Opportunity
- Key
strategic initiatives implemented by leading companies
The global kaolin
market has seen an unexpected negative effect due to the emergence of COVID-10
and nationwide lockdowns and movement restrictions. Therefore, the
manufacturers mostly focus on keeping the liquidity flow to avoid further
losses. Moreover, key players in the kaolin market have been implementing
various strategic initiatives and developments to gain a major and dominant
market share and enhance their operations.
Restraints/Challenges
- Negative
effect on paper industry due to the emergence of covid-19
The COVID-19
outbreak has disrupted kaolin market manufacture and supply, delaying the
worldwide industry's expansion. Many kaolin enterprises are employing ways to
avoid downtime losses, which are increasingly concerning as the pandemic's
effects endure. The performance of kaolin in paper filling applications has
been eroded by competition from alternative materials, particularly calcium
carbonates. Slow growth in coated paper production will limit advances for
kaolin in the future, thus, restraining the development of the global kaolin
market.
- Rise
in the price of kaolin
The companies and
players operating in the global kaolin market are focused on increasing kaolin
prices to ensure the business's long-term sustainability. These players
announced an increase in prices in 2021 for different applications, in which
paper was among the key applications. Most companies experienced inflation in
various 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.
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Global Kaolin Market Regional Analysis/Insights
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