Increasing Construction Provides Opportunities for Worldwide Kaolin Market
The global kaolin market is expected to reach $5.88 billion by 2020, according to a recent report available from Research and Markets. Growth in the construction sector due to industrialization in emerging economies such as China, Brazil, India and Russia is expected to drive kaolin market demand. Asia-Pacific was the largest kaolin market, with revenue exceeding $1.5 billion in 2013. A growing focus on superior aesthetics will drive demand for tile and sanitaryware, resulting in increased kaolin demand over the forecast period. Ceramics is expected to be the fastest-growing application segment at a compound annual growth rate (CAGR) of 4.4% from 2014 to 2020.
Increasing demand for paper packaging is also anticipated to drive kaolin demand. Rising concerns regarding environmental protection are expected to drive demand for eco-friendly packaging materials such as paper, which would aid kaolin market growth over the forecast period. Paper was the largest application segment for the kaolin market, accounting for over 40% of volume share in 2013.
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