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Kaolin Market Size to Touch USD 5,833.5 Million by 2027; Rising Demand for Novel Materials in the Paints & Coatings Industry to Fuel Market Growth, Says Fortune Business Insights™

Written by Customer Service on . Posted in Mergers And Acquisitions.

Pune, India, Feb. 02, 2021 (GLOBE NEWSWIRE) — The global kaolin market size is projected to reach USD 5,833.5 million by 2027, exhibiting a CAGR of 5.1% during the forecast period. Rising awareness about the benefits of china clay in skincare applications will be a prominent growth determinant for this market, states Fortune Business Insights™ in its report, titled “Kaolin Market Size, Share & COVID-19 Impact Analysis, By Application (Paper, Ceramic & Sanitary Ware, Fiberglass, Paints & Coatings, Rubber, Plastics, and Others), and Regional Forecast, 2020-2027”. For ages, clay has been known to fight skin-harming developments, such as acne. The increasing pollution levels, adoption of unhealthy diet regimes, and constant stress have had severe impacts on general health and skin in particular. Kaolin, or china clay, has emerged as one of the potent acne and oily skin-fighting formulations in recent times. For example, according to experts at the Mount Sinai Hospital in New York, china clay can absorb excess oil without drawing away too much of the skin’s moisture. Thus, people with inherently dry skin or sensitive skin can apply it without worrying about dryness. Further, research at Mount Sinai also showed that green kaolin clay, derived from plant matter and iron oxide, sucks out the dirt and bacteria that cause acne while removing excess oil. With the cosmetics & personal care industry growing rapidly worldwide, the employment of china clay in skincare products is likely to rise in the near future.
List of the Leading Companies Profiled in the Global Kaolin Market are;20 Microns (Gujarat, India)I-Minerals lnc. (Vancouver, Canada)Quarzwerke GmbH (Frechen, Germany)Thiele Kaolin Company (Georgia, U.S.)Sibelco (Antwerp, Belgium)Ashapura Group(Maharashtra, India)Imerys S.A. (Paris, France)W. R. Grace & Co. (Columbia, U.S.)Sedlecký kaolin a. s. (Božičany, Czech Republic)LASSELSBERGER Group (Budapest, Hungary)KaMin LLC (Georgia, U.S.)EICL Limited (Delhi, India)BASF SE (Ludwigshafen, Germany)
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Restraining FactorCOVID-19 to Negatively Impact the Paper Industry, Stall Market GrowthThe COVID-19 pandemic outbreak has dealt notable blows to the paper industry as a result of lockdowns, supply chain disruptions, trade restrictions, and economic downturn. According to a study published by North Carolina State University, certain types of paper products have suffered because of the pandemic. For example, the demand for printing paper and copier paper has noticeably shrunk due to the shutdown of colleges and universities worldwide. In India, the Indian Paper Manufacturers Association stated in August 2020 that since March, paper supply chains have undergone widespread upheavals and are still in recovery mode.Moreover, the closure of educational institutions and commercial establishments has further diminished the demand for paper, intensifying the downturn of the domestic paper industry. Kaolin is the most widely utilized mineral in the filling and coating of paper, and with the paper industry getting hit by the coronavirus, the growth of this market will inevitably get stalled.
As per the report, the global market value was at USD 4,168.8 million in 2019. The top highlights of the report include:Detailed examination of the major market trends, drivers, and constraints;In-depth evaluation of all segments of the market;Exhaustive study of the leading players and their strategies; andGranular analysis of the regional developments influencing the market.
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Regional InsightsAsia Pacific to Spearhead the Market Supported by Speedy Economic DevelopmentAsia Pacific is expected to lead the kaolin market share during the forecast period owing to the remarkable economic growth displayed by countries such as China and India. This growth has augmented the demand for high-end household consumer goods, where china clay is commonly used. The rapid expansion of the middle-class population in the region will also accelerate the growth of the regional market. In 2019, the Asia Pacific market size stood at USD 1,086.9 million.In Europe, the heightened demand for packaged food and beverage items amid the COVID-19 pandemic has fueled the uptake of kaolin in the region’s food & beverage industry. On the other hand, in North America, technological advancements in the paper and packaging industries will stoke the regional market.
Competitive LandscapeRising Costs to Force Key Players to Raise Product PricesWith the demand for high-performance raw materials soaring across various end-user industries, key players in the china clay market are engaged in the development of innovative offerings. However, the costs associated with the production of such materials are escalating worldwide. As a result, several companies are being forced to increase the prices of their products.
Industry Development:December 2020: KaMin LLC and CADAM SA announced that they would be increasing the price of their kaolin performance minerals by 4% to 9% in the global markets from January 2021. According to the company, the price rise is unavoidable as it needs to offset the growing costs related to logistics and mining operations and to comply with the environmental requirements.
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Detailed Table of Content:IntroductionResearch ScopeMarket SegmentationResearch MethodologyDefinitions and AssumptionsExecutive SummaryMarket DynamicsMarket DriversMarket RestraintsMarket OpportunitiesKey InsightsKey Emerging Trends – For Major CountriesKey Developments: Mergers, Acquisition, Partnership, etc.Latest Technological AdvancementInsights on Regulatory ScenarioPorters Five Forces AnalysisQualitative Insights – Impact of COVID-19 on Global Kaolin MarketSupply Chain ChallengesSteps taken by Government/Companies to overcome this impactPotential opportunities due to COVID-19 outbreakGlobal Kaolin Market Analysis, Insights and Forecast, 2016-2027Key Findings / SummaryMarket Size Estimates and ForecastBy Application (Volume/Value)PaperCeramic & sanitary wareFiberglasssPaints & coatingsRubberPlasticsOthersBy Region (Volume/Value)North AmericaEuropeAsia PacificLatin AmericaMiddle East & AfricaTOC Continued…!
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Have a Look at Related Research Insights:Paints and Coatings Market Size, Share & COVID-19 Impact Analysis, By Resin (Epoxy, Acrylic, Polyester, Alkyd, PU, and Others), By Technology (Waterborne, Solvent Borne, Powder Coating, and Others) By Application (Architectural, Automotive OEM, Marine, Coil, General Industries, Protective Coatings, Automotive Refinish, Industrial Wood, and Others), and Regional Forecast, 2020-2027Paints and Coatings Additives Market Size, Share & COVID-19 Impact Analysis, By Type (Dispersing Agent, Rheology Agent, Leveling Agent, Anti-foaming Agent, Adhesion Promoting Agent, and Others), By Application (Automotive, Architectural, Wood, Industrial, and Others), and Regional Forecast, 2020-2027Ceramics Market Size, Share & Industry Analysis, By Type (Traditional, Advanced), By Application (Tiles, Sanitary Wares, Abrasives, Pottery, Bricks & Pipes, Others), By End-Use Industry (Building & Construction, Industrial, Medical, Others) and Regional Forecast, 2019-2026Pulp and Paper Market Size, Share & COVID-19 Impact Analysis, By Category (Wrapping & Packaging, Printing & Writing, Sanitary, News Print, and Others), and Regional Forecast, 2020-2027
About Us:Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.
Contact Us:Fortune Business Insights™ Pvt. Ltd.308, Supreme Headquarters,Survey No. 36, Baner,Pune-Bangalore Highway,Pune – 411045, Maharashtra, India.Phone:US: +1 424 253 0390UK: +44 2071 939123APAC: +91 744 740 1245Email: sales@fortunebusinessinsights.comFortune Business Insights™LinkedIn | Twitter | Blogs
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