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 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.
In South America, Brazil has the highest number of COVID-19 cases, followed by Argentina, Colombia, Peru, and Chile. The governments in South America have taken various actions to protect their citizens and combat the spread of the COVID-19 virus through lockdowns, trade bans, and travel restrictions, therefore negatively impacting the growth of the kaolin market. The construction industry from the region has been contracted sharply amid the COVID-19 pandemic. However, the business activities are expected to gradually recover in the coming months as the governments from the region continue to push forward their reopening plan to kick start the economy. In some areas of Brazil, vehicle production levels are almost back to the levels of prior years.
Key Market Segments
Based on process, the South 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 South 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 South America kaolin market are American Elements, BASF SE and Burgess Pigment Company.
Reasons to buy the report
SOUTH AMERICA KAOLIN MARKET SEGMENTATION
By Process
By End-Use Industry
By Country
Company Profiles
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 237.9 Million |
| Market Size by 2028 | US$ 282.7 Million |
| CAGR (2021 - 2028) | 2.5% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Process
|
| Regions and Countries Covered |
South and Central America
|
| Market leaders and key company profiles |
|
The South America Kaolin Market is valued at US$ 237.9 Million in 2021, it is projected to reach US$ 282.7 Million by 2028.
As per our report South America Kaolin Market, the market size is valued at US$ 237.9 Million in 2021, projecting it to reach US$ 282.7 Million by 2028. This translates to a CAGR of approximately 2.5% during the forecast period.
The South 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 South America Kaolin Market report:
The South America Kaolin Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The South America Kaolin Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South America Kaolin Market value chain can benefit from the information contained in a comprehensive market report.
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