Crude kaolin is anticipated to remain the top-selling product type in the kaolin market. It is also expected to account for about 36% of the overall kaolin sales in the country by 2031.
As per a new study by Future Market Insights (FMI), the kaolin market in India is anticipated to register a 3.5% CAGR between 2021 and 2031. Increasing demand for crude kaolin in cement, refractories, and agrochemical industries has been identified as a chief growth driver of the India kaolin market.
The report also identifies crude kaolin as the top-selling product, accounting for a little over 36% of the sales in the market in 2021. Despite its application across diverse industries, demand for kaolin significantly dropped amid COVID-19 as industries remained shuttered following lockdown guidelines implemented in India.
Nonetheless, the gradual recovery of operations across industries will create growth opportunities in the coming years. The cement industry is forecast to account for the maximum demand for kaolin. Expansion of construction activities in India, in public and private sectors alike, will therefore spur opportunities for kaolin manufacturing and sales.
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Besides demand in the cement industry, the kaolin market will register increasing applications in paints and coatings, glass and paper, ceramics and sanitary, and pesticides and refractory sectors. Thanks to the inadequate threat of substitutes, kaolin consumption in India is anticipated to remain steady over the forecast period.
Kaolin is naturally formed mineral clay that is consumed in both crude form and processed form. These minerals are formed by the chemical weathering of minerals of Aluminum such as feldspar and are extracted from kaolinite minerals.
Kaolin is used as a raw material, filler material, binding material, strengthening material, and other materials in various end-use industries. The common product types of kaolin available in India are crude kaolin, calcined, hydrous, surface-modified, delaminated, and levigated kaolin.
Key Takeaways from Kaolin Market Study
“Competition is expected to increase in the coming years owing to the increasing number of mining companies. Therefore, in order to gain competitive edge key players are likely to focus on expanding their production capacity to cater the growing demand from various industries. Besides this, they are increasing their export volume to strengthen their global footprint,” said a lead analyst at FMI.
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Kaolin Market: Participant Insights
Key manufacturers in the India Kaolin market are EICL Limited, MLA Group of Industries, Prash Minerals, M/S Garg Minerals & Chemicals, Ashok Mineral Enterprises, Ashapura China Clay Co. LLP, Shree Ram Minerals, Srinath Enterprises, Mona Exim Inc., Vulcan Ceramics Co. Pvt. Ltd., Kalpana Minerals Pvt. Ltd., 20 Microns Ltd., Kerela Ceramics Ltd., and Sudarshan Minerals & Industries.
Some of these companies are focusing on strengthening their product portfolio and expanding their market footprint through increasing production capacities. Besides this, they are investing in research and development initiatives to gain a competitive edge.
Kaolin Market by Category
By Product Type
By End Use
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award - recipient 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.
Jun 06, 2023
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