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.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 1,627.3 Million |
| Market Size by 2028 | US$ 2,127.1 Million |
| 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 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.
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