China Clay Market to Reach a Valuation of US$ 2,842.4 Million by the end of 2023

One of the major factors driving the growth of the global china clay market is the use of ceramic in the hydraulic fracturing method for the production of shale gas in the U.S. Thus the market demand for china clay is expected to grow significantly over the next decade especially in the U.S.China clay improves the physical and chemical resistance of various materials such as plastics, rubber and wire cables. For example, in the case of wires and cables, china clay has offered various benefits such as reduced electricity consumption, improved cable lifespan and hence less replacement and maintenance cost. In the paper industry, it has reduced cost and improved printing capabilities.

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China clay is widely being used in many industries such as paper, ceramics, plastics rubber, paints and coatings. Hence, growth of the manufacturing sector in developing countries is expected to create healthy growth opportunities for the global china clay market.

Global China Clay Market Restraints

The major factor restraining the growth of the global china clay market is the increasing digitalization, which has reduced the consumption of china clay coated paper products. The falling paper and pulp industries in the western regions is estimated to restrain the growth of global china clay market

Global China Clay Market Trends

The use of china clay is becoming popular for niche application areas such as in the manufacture of plastic films and in the audio and video tapes. China clay is also gaining importance in the field of biotechnology.

Another major trend observed in the global china clay market are the mergers and acquisitions by the major players in the market.

Global China Clay Market Segmentation

The global china clay market can be segmented on the basis of application, product type and region.

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Global China Clay Market Regional Outlook

Asia Pacific continues to dominate the china clay market with China being the major player. Asia Pacific is expected to grow at a significant CAGR over the forecast period. North America, predominantly the U.S., is also a major consumer of China clay. The North America china clay market is mainly driven by the use in hydraulic fracturing and is projected to remain lucrative over the next ten years. Western Europe is another major consumer of china clay and is foreseen to grow over the forecast period. Latin America, mainly Brazil, and Middle East and Africa also hold significant shares in the global china clay market. Japan is expected to grow at a moderate CAGR over the forecast period.

Global China Clay Market Participants

Some of the market participants identified across the value chain of the global china clay market are, BASF SE, Quarzwerke Group, Thiele Kaolin Company, SCR-Sibelco NV, Imerys, Richard and Baker Harrison Limited (RBH), among others.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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