Kaolin Market Size

Kaolin Market Size

Kaolin & metakaolin market size was valued at over USD 4.5 billion and $100 million in 2015 and will witness gains more than 4% CAGR and 4.5% CAGR through 2024. Positive growth indicators in the end-user industries including ceramics, construction, paper, paints & adhesives and plastics in the past few years is analyzed to be the major factor propelling the overall market growth.

The product due to its superior opacity, chemical inertness, non-abrasive texture and flat particle shape is suitable to finds widespread applications in the ceramic, paints and adhesives industry. In addition, metakaolin, particularly due to its high thermal stability is broadly used in applications such as concrete and mortar.

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The product is widely used in the plastic industry to enhance its electrical performance, durability and strength. Escalating plastic and polymer business in trend towards replacing metal and steel with light weight products will substantially boost the kaolin market share in the near future. Furthermore, the product is also in the rubber such as SBR, EPDM and neoprene to magnify its electrical and mechanical traits. Increasing demand of these rubbers in tire manufacturing along with increasing automotive manufacturing and sales will positively boost the market by 2024.
 

However, declining print media demand in North America and Europe on account of increasing consumer awareness towards electronic media may hamper industry growth in the near future. In addition, the product faces prominent substitute threat in paper applications from calcium carbonate, which may negatively impact on the kaolin market growth.