
North America Kaolin Market
No. of Pages: 96 | Report Code: TIPRE00027163 | Category: Chemicals and Materials
No. of Pages: 96 | Report Code: TIPRE00027163 | Category: Chemicals and Materials
Market Introduction
Kaolin, also called China clay, soft white clay that is an essential ingredient in the manufacture of China and porcelain and is widely used in the making of paper, rubber, paint, and many other products. Based on process, the North America kaolin market is segmented into, water washed, airfloat, calcined, delaminated, and others. Based on end use the market is segmented into paper, ceramic and sanitaryware, paints and coatings, plastic, rubber, and others.
Market Overview and Dynamics
The North America kaolin market is expected to reach US$ 1,052.0 million by 2028 from US$ 826.6 million in 2021 and is estimated to grow at a CAGR of 3.5% from 2021 to2028. Key factors propelling the market growth are the growing automotive industry and the increasing kaolin application in the paper industry. However, digitalization and stringent government policies restrict market growth.
The rising demand for automobiles favors the growth of the kaolin market. The automotive industry is one of the major beneficiaries of kaolin products as the industry extensively uses rubber-made components and parts. Kaolin improves the chemical-physical properties and performance of rubber automotive components. Kaolin is widely used in automotive tires to provide stiffness and reinforce the rubber, bringing tear resistance and tensile strength properties in tires. In addition, it helps in improving the air permeability and gas barrier of inner tire liners, which extends the service life of tires. Furthermore, kaolin finds wide application in car body seals due to the reduced electrical conductivity, protecting against corrosion properties. Additionally, kaolin is used to manufacture automotive components such as fluoroelastomer O-rings for fuel injector seals, gaskets, and hoses. Furthermore, kaolin finds its application in manufacturing waterborne paints and coatings, which are extensively used in the automotive industry to paint and coat automobile bodies and surfaces. The growing automobile industry globally fosters the demand for various kaolin-made auto components and parts, fueling the market growth. As per the OICA report, in 2019, the automotive industry manufactured over 92 million automotive vehicles, including passenger and commercial vehicles. In 2020, the production number of automotive reduced to 77 million vehicles due to the COVID-19 pandemic; however, the first three quarters of 2021 have shown more than 10% growth in the production of automotive vehicles compared to the first three quarters of 2020. Thus, the growing automotive industry is driving the kaolin market.
North America is one of the worst affected economies due to the COVID-19 pandemic. The unprecedented rise in the number of COVID-19 cases across the US and Canada and the subsequent lockdown of numerous manufacturing facilities in the countries have negatively influenced the growth of various markets. The significant disruption in manufacturing has had a negative impact on the demand for kaolin in the region. The COVID-19 pandemic has adversely impacted the construction industry. The construction industry has faced supply chain issues regarding construction materials. The COVID-19 pandemic has also impacted the automotive industry, as major automotive and tire plants temporarily halted production.
However, the market is reviving because of the government's significant measures, such as vaccination drives. The construction industry is also overcoming the challenges of supply chain disruptions of their raw materials. Many players seek investment opportunities as businesses gain confidence in stabilizing economies and anticipate increased demand. Hence, the increase in demand for kaolin in various applications, such as construction, packaging, and automotive, and significant investments by prominent manufacturers are expected to drive the kaolin market in the coming years.
Key Market Segments
Based on process, the North America kaolin market is segmented into water washed, airfloat, calcined, delaminated, and others. The water-washed segment held the largest market share in 2020 and is estimated to register the highest CAGR in the market during the forecast period.
Based on end-use industry, the North America kaolin market is segmented into paper, ceramic and sanitaryware, paints and coatings, plastic, rubber, and others. The paper segment led the market with the largest share in 2020 and is expected to register the highest CAGR during 2021–2028.
Major Sources and Companies Listed
A few market players associated with the report on the North America kaolin market are American Elements, BASF SE, and Burgess Pigment Company.
Reasons to buy the report
NORTH AMERICA KAOLIN MARKET SEGMENTATION
By Process
By End-Use Industry
By Country
Company Profiles
Strategic insights for the North America 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$ 826.6 Million |
Market Size by 2028 | US$ 1,052.0 Million |
Global CAGR (2021 - 2028) | 3.5% |
Historical Data | 2019-2020 |
Forecast period | 2022-2028 |
Segments Covered |
By Process
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
The geographic scope of the North America 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 North America Kaolin Market is valued at US$ 826.6 Million in 2021, it is projected to reach US$ 1,052.0 Million by 2028.
As per our report North America Kaolin Market, the market size is valued at US$ 826.6 Million in 2021, projecting it to reach US$ 1,052.0 Million by 2028. This translates to a CAGR of approximately 3.5% during the forecast period.
The North America 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 North America Kaolin Market report:
The North America Kaolin Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Kaolin Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Kaolin Market value chain can benefit from the information contained in a comprehensive market report.