The Kaolin Market is estimated at USD 4.6 billion in 2022 and is projected to reach USD 6.1 billion by 2028, at a CAGR of 4.8% from 2023 to 2028. This report delves into the intricate details of the kaolin market size, share, exploring its current status, growth prospects, key players, challenges, and future trends.
The growing demand for kaolin in a variety of end-use industries, such as paper, ceramics & sanitary ware, and paints & coatings, is the main driver of this market expansion. In addition, the booming e-commerce sector's increased demand for paper packaging which has directly increased the demand for kaolin. Additionally, a significant growth driver for the kaolin market is the increased demand for ceramic tiles in the construction & building industry of densely populated and growing economies.
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Water Washed is expected to account for the largest market share in forecasted period, in terms of both value and volume.
The most popular procedure for transforming raw kaolin into its finished products is the water-washed process, also known as wet processing. This process calls for the raw kaolin to go through a number of processes, including screening, grinding, centrifuging, slurring, blunging, and chemical treatment. The market is expanding as a result of rising demand, especially from the building and construction sector. Notably, the water-washed method is often used to produce hydrous kaolin because it helps keep the clay's water content between 12% and 14%.
Ceramic & sanitary wares are expected to witness the highest CAGR between 2023 to 2028
Due to its beneficial qualities, kaolin is widely used in the ceramics and sanitary goods industries and is expected to grow with the highest CAGR. It is the perfect material for creating ceramic whiteware products, such as porcelain items, insulators, and refractories, due to its high fusion temperature and white-burning properties. Kaolin is also a suitable material for the creation of porcelain electrical insulators due to its outstanding dielectric characteristics and chemical inertness. Kaolin is prized for its dimensional stability, high fusing point, low water content, and remarkable green strength in refractory applications. It gives whiteware goods dimensional stability, smooth surface finish, and dry and fired strength.
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Asia Pacific account for the largest market share in the global kaolin market
Asia Pacific region dominated the global kaolin market in 2022 by holding the largest market share. Furthermore, this region is projected to experience the highest Compound Annual Growth Rate (CAGR) from 2023 to 2028. The Asia Pacific has emerged as a thriving and promising market for kaolin, driven by shifting demographics, rapid industrialization, and improving economic circumstances. With approximately 60% of the world's population residing in this region, the extensive utilization of kaolin across various end-use industries such as paper, rubber, ceramics & sanitary wares, fiberglass, and paints & coatings is quite notable.
Kaolin Market Key Players
Prominent companies in the kaolin market include Imerys S.A. (France), Ashapura Group (India), EICL Limited (India), SCR-Sibelco N.V. (Belgium), KaMin LLC (US), Thiele Kaolin Company (US), LASSELSBERGER Group (Hungary), Quarzwerke GmbH (Germany), Sedlecký kaolin a. s. (Czech Republic), I-Minerals lnc. (Canada), 20 Microns Limited (India), Minotaur Exploration Limited (Australia), W. R. Grace & Co. (US), KERAMOST, a.s. (Czech Republic), Uma Group of Kaolin (India), Jiangxi Sincere Mineral Industry Co., Ltd. (China), and Active Minerals International, LLC (US).
Imerys S.A. holds a prominent position as a top kaolin supplier within various end-use sectors, including paper, ceramics & sanitary wares, paints & coatings, rubber, and plastics. With operations in significant nations like the United States, China, and the United Kingdom in the kaolin market, the company continues to have a global footprint. The company lays a great emphasis on forming joint ventures and carrying out acquisitions as a key part of its strategic growth plan, which helps it gain a competitive edge in the kaolin industry. Imerys S.A. is also committed to diversifying its clients and bolstering its footprint in new markets.
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KaMin LLC holds a prominent position among the key players in the kaolin market. The company was established in 2008 and since then the it has grown to become one of the top producers of kaolin clay, a type of clay used in products including paints and coatings, plastics, rubber, thermal paper, and catalytic substrates. These sectors play a crucial role in rapidly expanding industries including the automotive and construction sectors. KaMin currently runs three production facilities in the US that are solely focused on kaolin extraction and processing. Their product selection serves a variety of markets, including those in the paper, plastics, rubber, building, paints & coatings, and agricultural.