The Kaolin Market is Predict to reach $4.8 Billion by 2030, at a CAGR of 3.9%

25-Jan-2024 | Report Format: Electronic (PDF)

Kaolin Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Kaolin Market size is expected to reach $4.8 billion by 2030, rising at a market growth of 3.9% CAGR during the forecast period. In the year 2022, the market attained a volume of 19,735.2 kilo tonnes, experiencing a growth of 3.1% (2019-2022).

The Paper segment is leading the Global Kaolin Market by Application in 2022; thereby, achieving a market value of $1.4 billion by 2030. When used as a filler or coating pigment, kaolin enhances paper quality by improving opacity, brightness, smoothness, and printability. It contributes to better ink receptivity, making sharper and more vivid printed materials. The demand for kaolin in the paper segment continues to rise because of its ability to enhance paper quality, improve printing characteristics, and offer cost-effective solutions, meeting the diverse needs of the paper industry.

The Calcined segment is experiencing a CAGR of 3.6% during (2023 - 2030). Calcination can enhance the whiteness and brightness of kaolin by removing impurities and altering the mineral structure. This makes calcined kaolin desirable for applications where high levels of whiteness and brightness are crucial, such as in the production of paper, paints, and coatings. Furthermore, calcined kaolin is chemically inert, which means it does not react with other materials under normal conditions. This property makes it useful in applications where chemical stability is required, such as in the production of catalysts and as a filler in pharmaceuticals.

Full Report: https://www.kbvresearch.com/kaolin-market/

The Asia Pacific market dominated the Global Kaolin Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $2.3 billion by 2030. The Europe market is anticipating a CAGR of 3.3% during (2023 - 2030). Additionally, The North America market would exhibit a CAGR of 3.6% during (2023 - 2030).