Kaolin and Metakaolin Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019
According to a new research study published by Transparency Market research titled, “Kaolin Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019”, the global market for kaolin that was worth US$4.06 billion in 2012 is expected to value US$5.34 billion by the end of 2019, registering a CAGR of 4.0% during the forecast period of 2013-2019. On the basis of volume, the global demand for kaolin was 34,398.9 kilo tons in 2012. The report also highlights that the global kaolin and metakaolin market was worth US$91.8 million in 2012 and is anticipated to reach US$124.2 million before 2019 ends, growing at a 4.4% CAGR between 2013 and 2019. On the basis of volume, the demand for metakaolin was registered at 273.4 kilo tons in 2012.
Browse the full Kaolin (For Paper, Ceramics, Paints & adhesives, Fiberglass, Rubber, Plastics, Cement and Other Applications) & Metakaolin (For Concrete, Mortar and Other Applications) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019 report at : http://www.transparencymarketresearch.com/kaolin-market.html
Growth of Construction Industry to Propel Demand for Kaolin, Metakaolin
The growth of the construction industry has bolstered the demand for sanitary ware and ceramic tiles, which will in turn boost the demand for kaolin in the global market over the forecast period. Additionally, the increased use of cement and concrete for building foundations, pavements, and architectural structures will enhance growth opportunities for the metakaolin market in the forthcoming years. However, the predicted growth will not remain uninhibited; increasing demand for calcium carbonate as a potential substitute for kaolin is expected to restrict the demand for the latter. Nonetheless, the increasing use of kaolin in medical applications will continue to create substantial opportunities for producers.
Paper and Ceramics Industries to Emerge as Largest Application Segments
In 2012, the paper industry registered the highest demand for kaolin, accounting for more than 40% of the total market share. Increasing demand for paper from emerging economies such as China and India has contributed to the exponential growth of this application segment. However, as per the report, ceramics will register the fastest growth during the forecast period owing to the increasing demand for sanitary ware and white ware products in the global market.
Within the global market for metakaolin, concrete emerged as the most prominent application segment. It is expected to continue its run as the fastest-growing application segment over the forecast period due to increasing number of construction projects being undertaken across developing as well as developed countries. Moreover, metakaolin helps in reducing the rate of carbon emissions by concrete. This is expected to boost the demand for metakaolin considerably in the next few years.
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Asia Pacific to Remain Largest Market for Kaolin and Metakaolin
On account of exponential rise of construction activities across the region, Asia Pacific registered the highest demand for kaolin and metakaolin in 2012. Growing incidence of industrialization in developing economies such as India and China, together with increasing use of metakaolin as a substitute of Portland cement will contribute significantly to the growth of the kaolin and metakaolin market in the region. Asia Pacific is expected to continue its run as the largest market for both kaolin and metakaolin over the forecast period as well, registering a 4.0% CAGR in the kaolin market and 4.3% CAGR in the metakaolin market, on the basis of volume, between 2013 and 2019.
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