U.S. Kaolin Market Analysis and Growth Opportunities, 2014 to 2025Chemicals ResearchUpdated on Jun 27, 2018 View more like this | Visit FELTON, CA | Contact Grand View Research, Inc. |
The U.S. Kaolin Market size valued at USD 1.29 billion in 2016, is anticipated to be driven by
the growing consumption of cement, fiberglass, plastics, paints, and adhesives
in numerous end-use sectors including construction and automobile. Rising
infrastructure spending coupled with the increasing automobile production is
expected to propel growth.
Kaolin is used in a variety of products that are utilized in the
construction industry including cement, paints, adhesives, plastics, rubber,
ceramics, and fiberglass. The penetration for kaolin in these applications has been
increasing as they are not only effective in bringing down the overall cost of
the final product, but they also increase the durability of the base material.
Fiberglass is used mesh fabrics, self-adhesive tapes, and wall covering
owing to its ability to add strength and resistance to impact and fire.
Fiberglass in the form of GFRP composites is used in a wide range of end-use
sectors including wind energy, transportation, aerospace, marine, and civil
construction. The growth of these end-use sectors on account of improving
economic conditions in the country is anticipated to drive the demand for
fiberglass, and in turn, the kaolin market. Fiberglass market is estimated to
generate revenues worth USD 549.1 million by 2025.
Technological advancements in the process of manufacturing plastics have
resulted in the incorporation of numerous additives including fillers such as
kaolin. Increasing production of plastics is expected to augment the demand for
kaolin over the forecast period. The segment is projected to grow at a volume CAGR
of 5.3% over the projected period.
The U.S. plastic production increased from 108,183 million pounds in
2014 to 110,781 million pounds in 2015. Infrastructure development and growth
of the manufacturing sector is expected to augment the demand for plastics,
thereby bolstering the expansion of the kaolin industry.
The market is characterized by frequent changes in prices primarily due
to volatile product demand as well as a rise in production costs. Demand plays
a significant role in determining the price cap of the product, as bulk
production assists in lowering costs. However, volatile movement of the paper,
and oil & gas markets have been resulting in adversely impacting the profit
margins of manufacturers.
Imerys, KaMin, Thiele Kaolin and BASF are some of the prominent players
within the U.S. industry. Other leading vendors include Advanced Primary
Minerals Corp., Active Minerals International, Vanderbilt Minerals, LLC, and
Lhoist Group.
Hexa Research has segmented the U.S. kaolin market based on application:
Segmentation By Application, 2014 - 2024 (Kilo Tons)
(USD Million)
• Paper
• Ceramics
• Fiberglass
• Paints & adhesives
• Rubber
• Plastics
• Cement
• Others
Key players analyzed:
• Thiele Kaolin
• BASF SE
• Imerys SA
• Advanced Primary Minerals Corp.
• KaMin LLC
• Active Minerals International
• Vanderbilt Minerals, LLC
• Lhoist Group
Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/bulk-chemicals-industry
