According to the most recent market forecasts published by Future Market Insights (FMI), the value of the global China Clay market is predicted to reach US$ 2,842.4 Million by the end of 2023.
Chinese clay is used in a wide range of end-use industries. Among the top uses for china clay are sanitary products, rubber, and paper. Sales have increased as a result of these industries’ significant expansion in recent years. The market is expected to experience strong growth over the forecast period due to the rising sales prospects, which will also drive the market’s valuation to US$4,995.1 million by the end of the 2023 to 2033 timeframe.
China clay is also known by the alternate name Kaolin or white clay. China clay is basically an aluminum silicate formed by chemical weathering. China clay is used as a filler material in industries such as plastics and rubber. It helps to improve the physical and physiochemical as well as electrical properties of the materials. The major application of china clay is in the ceramics and paper industries. In the paper industry, china clay is used as a filler to reduce both cost and improve printing capabilities. The use of ceramics in the hydraulic fracturing is expected to drive the growth of global china clay market. The use of china clay for specialty applications such as biotechnology is expected to rise over the forecast period.
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Global China Clay Market Dynamics
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.
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 Participants
- Imerys SA
- BASF SE
- Ashapura Group
- EICL Limited
- Sibelco
- KaMin LLC
- Thiele Kaolin Company
- LASSELSBERGER Group
- Quarzwerke GmbH
- Sedlecky Kaolin a.s.
- I-Mineral Inc.
- W.R. Grace & Co.
- 20 Microns
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Global China Clay Market Segmentation
Process:
- Water-washed
- Air float
- Calcined
- Delaminated
- Surface-modified
- Unprocessed
By Application:
- Ceramics and Sanitary wares
- Fiberglass
- Paints and Coatings
- Rubber
- Adhesives and Sealants
- Plastics
- Others
About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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