SAN FRANCISCO, June 13, 2016 /PRNewswire/ -- The global kaolin market is expected to reach USD 8.99 billion by 2024, according to a new report by Grand View Research, Inc. Rapid urbanization coupled with infrastructural development has resulted in tremendous growth in the construction sector of emerging economies including India, China, Russia, and Brazil. This is anticipated to augment kaolin market demand.
Rising demand for paper packaging is expected to fuel product demand owing to its enhanced properties such as reinforcement and durability of the base material. Increasing application in novel applications including printing inks and Portland cement is expected to open new opportunities for growth over the forecast period.
Growing demand for ceramic products is expected to be one of the primary drivers for market growth. In addition, rising demand for rubber, paper, paints & coatings and fiberglass is projected to augment market development.
Access full research report at: http://www.grandviewresearch.com/industry-analysis/kaolin-market
The presence of regulations in the U.S. including the Clean Water Act and Surface Mining Act to preserve the ecology is expected to restrain market growth to a certain extent. However, unavailability of direct substitutes for kaolin has resulted in its substantial demand over the past few years, and this trend is expected to continue over the forecast period.
- Paper emerged as the most dominant application segment in the kaolin market and constituted for more than 40% of market share by revenue share in 2015. Demand for eco-friendly packaging materials including paper has been growing over the past few years on account of growing apprehensions regarding environment protection will augment product demand over the next eight years.
- Asia Pacific dominated the product market with the industry valued over USD 1.00 billion in 2015. The market is anticipated to experience growth over the forecast period owing to rising demand from the construction sector in China, Indonesia, and India. Increasing R&D expenditure to increase product use in non-traditional application segments such as plastics, rubber and pharmaceuticals are expected to open new growth opportunities over the forecast period.
- Kaolin Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)
- Kaolin Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)
- North America
- Asia Pacific
- Latin America
- North America
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services.
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SOURCE Grand View Research, Inc.