
Asia Pacific Kaolin Market
No. of Pages: 104 | Report Code: TIPRE00027153 | Category: Chemicals and Materials
No. of Pages: 104 | Report Code: TIPRE00027153 | Category: Chemicals and Materials
Rapid urbanization in developing countries, such as China and India, is expected to bolster kaolin market growth. These countries are witnessing a rise in the construction of residential and commercial buildings, which is expected to increase the demand for kaolin in developing economies. As per the report of CEIC, in 2020, Beijing recorded 237,142.000 square meter building construction work, which is 5% greater than the previous building construction work. Further, kaolin is extensively used in the ceramic industry for its molding properties. It is also used in the manufacture of sanitary wares, tiles, and tableware and has been utilized as a direct substitute against the traditional method of cement. In addition, kaolin clay is used as a functional extender in paintsbecause it is chemically inert, has a high covering power, gives desirable flow properties, and reduces the number of expensive pigments required. Hence, the rising building construction work is accelerating the demand for kaolin-based building material products and is expected to increase the application of kaolin to manufacture these products. Also, beauty and skincare products are witnessing an increased application of kaolin in various products such as face powders, face masks, creams and lotions for oily skin, bath powders, foundation, powdered blush, deodorants, and soaps. These products use kaolin to absorb excess oil from the skin's surface, lifting dirt and other impurities from the skin pores. Also, kaolin has oil control properties, which allow the makeup to stay on longer, withstanding perspiration in wet or humid conditions. Furthermore, the rising demand for cosmetics products globally increases the requirement for kaolin. As per the data of the International Trade Association and Korean Cosmetic Association, South Korea recorded a 4.3% annual growth during 2015–2019. Hence, the surging demand for cosmetics products positively impacts the kaolin market.
The COVID-19 pandemic is anticipated to cause a significant economic loss in Asia Pacific. The Asian economies have been hit hard due to the pandemic. The governments of various economies are taking possible steps to restrict the spread of the virus by announcing country-wide lockdowns, which directly impact the growth of industrial sectors. Many kaolin producers operated their plants at reduced rates amid the COVID-19 pandemic. Various end-use sectors, such as construction, automotive, ceramic, and sanitaryware, have been hit hard by the pandemic, declining the consumption of kaolin in the region. Many construction projects were temporarily halted due to the COVID-19 pandemic, which affected the demand for calcined kaolin. However, the construction sector is overcoming the challenges of labor shortage and supply chain disruptions of their raw material. Moreover, the demand for other kaolin derivatives like air float, delaminated, and hydrous is witnessing marginal recovery in the region as various countries from the region restarted their business activities.
Strategic insights for the Asia Pacific Kaolin provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
Report Attribute | Details |
---|---|
Market size in 2021 | US$ 1,627.3 Million |
Market Size by 2028 | US$ 2,127.1 Million |
Global CAGR (2021 - 2028) | 3.9% |
Historical Data | 2019-2020 |
Forecast period | 2022-2028 |
Segments Covered |
By Process
|
Regions and Countries Covered | Asia-Pacific
|
Market leaders and key company profiles |
The geographic scope of the Asia Pacific Kaolin refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The Asia Pacific Kaolin Market is valued at US$ 1,627.3 Million in 2021, it is projected to reach US$ 2,127.1 Million by 2028.
As per our report Asia Pacific Kaolin Market, the market size is valued at US$ 1,627.3 Million in 2021, projecting it to reach US$ 2,127.1 Million by 2028. This translates to a CAGR of approximately 3.9% during the forecast period.
The Asia Pacific Kaolin Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Kaolin Market report:
The Asia Pacific Kaolin Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific Kaolin Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific Kaolin Market value chain can benefit from the information contained in a comprehensive market report.