"We Envision Growth Strategies Most Suited
to Your Business"
The global kaolin market size was valued at USD 4.23 billion in 2022. The market is projected to grow from USD 4.41 billion in 2023 to USD 6.05 billion by 2030, exhibiting a CAGR of 4.6% during the forecast period. Fortune Business Insights™ presents this information in its report titled Kaolin Market Size, Share & Industry Analysis, By Application (Paper, Ceramic & Sanitary Ware, Fiberglass, Paints & Coatings, Rubber, Plastics, and Others), and Regional Forecast, 2023-2030
The expanding paper industry is anticipated to be a key driver for the market, as the product is widely used as a coating and filling agent. In paper coating, it is combined with adhesives to enhance the surface's opacity, color, and printability. Another advantageous aspect of china clay is its lack of alkalis and iron content, making it highly suitable for ceramic applications. This benefit contributes to its significant consumption in the ceramic industry.
Supply Chain Disruptions During Pandemic Affected Market Negatively
The outbreak of the COVID-19 pandemic exerted significant influence on industries globally, resulting in a temporary suspension of production and trade activities. The subsequent decline in global economic activity, coupled with disrupted supply chains, further exacerbated the situation. These disruptions had a cascading effect, leading to a surge in prices for both raw materials and finished products.
Imerys and Sibelco Forge Strategic Partnership with Carlton Power to Establish Green Hydrogen Project in Devon
Imerys and Sibelco announced their strategic partnership with Carlton Power in April 2023 to launch a pioneering Green Hydrogen project in Devon. This collaboration aims to bring Carlton Power's 10MW hydrogen hub into operation by 2025, catering to the sustainability objectives of both production companies.
To get a detailed report summary and research scope of this market, click here:
Advantageous Characteristics Drive Demand for Ceramic and Refractory Applications
Kaolin is highly sought after in ceramic and refractory applications due to its exceptional characteristics, including consistent color, impressive strength, radiant brightness, and fine grit. These properties significantly contribute to the growing demand for manufacturing ceramic-based products, such as plates, cups, and various household utensils. Additionally, the increasing needs of industries such as plastics, cosmetics, and rubber also drive the consumption of this product, further bolstering its demand.
However, the kaolin market growth may face limitations due to changing consumer preferences toward electronic gadgets and the increasing adoption of digital goods.
Market Leaders Shifting toward Skin-Friendly, Natural Hand Sanitizers Sparks Growth
The global market landscape is influenced by a number of key players who play a vital role in shaping its trajectory. Renowned companies such as Imerys S.A., BASF SE, Ashapura Group, EICL Limited, and Sibelco have been at the forefront of propelling the industry's growth. These companies have adopted various strategies to gain a competitive advantage, including expanding their distribution networks, fostering innovation in product offerings, pursuing strategic acquisitions, engaging in collaborations, and exploring opportunities for mergers.
Notable Industry Development
List of Companies Profiled in the Report
Further Report Findings
Table of Segmentation
CAGR of 4.6% from 2023 to 2030
Value (USD Billion) and Volume (Million Ton)
By Application and Geography