Kaolin is commonly referred to as China clay, and is widely used in the paper industry as a coating substance. Kaolin is the most preferred type of natural clay in a majority of industries owing to its small particle size, glossiness, and whitish appearance.
Increasing adoption of kaolin in various industries in developed economies coupled with rising demand for kaolin from construction and paper industries in developing economies are major factors boosting growth of the global kaolin market. Also, rapid industrialization in emerging economies such as China, India, and Japan which are prominent countries where demand for kaolin is highest is another factor anticipated to fuel growth of the global market over the forecast period. But, availability of substitutes in the form of PCC, ground calcium carbonate, talc, and silicate is a major factor hampering growth of the global market. Moreover, digitization of media has reduced use of paper which is also expected to impact demand for kaolin and is another factor projected to impact growth of the global market over the forecast period.
The global kaolin market report has been segmented on the basis of application and region. On the basis of region, the global kaolin market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
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The market in Asia Pacific accounted for highest market share in terms of revenue in the global market, and is expected to maintain its dominance over the forecast period. This can be attributed to high adoption of kaolin in various end use industries and rapid industrialization in emerging economies such as China, India, and Japan. Also, revenue from the market in Asia Pacific is projected to expand with highest CAGR of X.X% over the forecast period. The markets in North America and Europe are also expected to witness moderate growth over the forecast period. This can be attributed to increasing demand for kaolin from various end-use industries in the regions.
Prominent players in the global kaolin market include BASF SE, Daleco Resources Corporation, Imerys SA, I-Minerals Inc., KaMin LLC, Kaolin AD, LB Minerals Ltd., SCR-Sibelco N.V, Thiele Kaolin Company, and Quarzwerke GmbH.