India Kaolin Market By Product Type (Crude Kaolin, Calcined, Hydrous, Surface Modified, Delaminated, Levigated), End Use (Cement, Ceramics & Sanitary, Paints & Coatings, Paper & Glass, Pesticide & Refractory) & Region - Forecast 2021 - 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. As per a new study by Future Market Insights (FMI), the kaolin market in India is anticipated to register 3.5% CAGR between 2021 and 2031.
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, 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.
Besides demand in the cement industry, the kaolin market will register increasing application 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.
Request a sample @ https://www.futuremarketinsights.com/reports/sample/rep-gb-13239
Kaolin is naturally formed mineral clay which 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 is extracted from kaolinite mineral.
Kaolin is used as a raw material, filler material, binding material, strengthening material and as 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.
Get Customization on This Report for Specific Country @ https://www.futuremarketinsights.com/customization-available/rep-gb-13239
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 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 competitive edge.
Kaolin Market by Category
By Product Type
By End Use
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.
Aug 25, 2022
Copyright © 2006 - 2023 PRnob Media, UBIC Solutions, LLC. All Rights Reserved.
