Kaolin Market Analysis

Kaolin Market Analysis

The paper applications segment led the overall industry in 2015 and is likely to observe prominent gains close to 3.5% through 2024. The product is majorly used in the paper applications as a particulate mineral in filling and coating. It enhances its appearance, gloss, printability, brightness, opacity and smoothness. Enormous paper demand in Asia Pacific and Latin America for media and advertisement will positively influence the kaolin market growth by 2024.

Ceramic applications segment is projected to experience maximum growth more than 4.5% CAGR in terms of volume. The product is majorly used in the ceramic tiles manufacturing to enhance its thermal resistance. Escalating construction industry has substantially increased ceramic tiles demand for flooring and wall applications, owing to push the overall industry size in the near future. Furthermore, robust growth in the flooring business particularly due to improving consumer lifestyle dynamics will complement the kaolin market outlook by 2024.

Concrete led the overall metakaolin market share in 2015. The product is majorly used in concrete to enhance its splitting tensile, compressive strength and flexural strength. Concrete is an essential product used in the construction industry. therefore, strong growth in the construction industry will subsequently boost the industry growth by 2024. In addition, metakaolin market size for mortar applications is likely to observe growth close to 4% between 2016 and 2024.

Concrete application segment led the overall market share in 2015. The product is majorly used in concrete to enhance its splitting tensile, compressive strength and flexural strength. Concrete is an essential product used in the construction industry. therefore, strong growth in the construction industry will subsequently boost the kaolin market growth by 2024. In addition, mortar applications segment is likely to observe growth close to 4% between 2016 and 2024.
 

The product is majorly used in the construction materials such as paints & adhesives, ceramic tiles, concrete and mortar. Therefore, robust growth indicators in the construction industry in the past few years will positively influence the kaolin market by 2024. For instance, the global construction spending in 2013 was roughly around USD 7 trillion and is projected to exceed USD 13 trillion by 2024.
 

The construction industry is primarily driven by increasing government investments towards enhancing their public infrastructure along with upcoming residential and commercial projects. In addition, increasing consumer spending capacity, has substantially driven ceramic tiles demand for aesthetic floor and walls. This trend shall further complement kaolin market price over the estimated timeframe.
 

North America was close to USD 1 billion in 2015. Positive growth indicators in the regional construction industry post 2008 economic turmoil along with increasing residential remodeling practices in the U.S. has positively influence the kaolin market sales. Furthermore, drifting consumer focus towards replacing wood floors with ceramic tiles, particularly due to its easy installation, aesthetic appearance and superior characteristics will complement industry size in the coming years. In addition, North America accounts for more than 20% of the global market share in 2015.
 

Asia Pacific led the global kaolin market in 2015 and is projected to expand with highest growth of over 4.5% between 2016 and 2024. The regional growth is primarily driven by escalating construction industry in China, India and Japan. Furthermore, improving consumer lifestyle dynamics in the region, which results in growing end-user industries such as automotive will complement the regional industry size over the estimated timeframe.