The U.S. Kaolin Market size valued at USD 1.29 billion in 2016, is anticipated to be driven by
the growing consumption of cement, fiberglass, plastics, paints, and adhesives
in numerous end-use sectors including construction and automobile. Rising
infrastructure spending coupled with the increasing automobile production is
expected to propel growth.
Kaolin is used in a variety of
products that are utilized in the construction industry including cement,
paints, adhesives, plastics, rubber, ceramics, and fiberglass. The penetration
for kaolin in these applications has been increasing as they are not only
effective in bringing down the overall cost of the final product, but they also
increase the durability of the base material.
Fiberglass is used mesh fabrics,
self-adhesive tapes, and wall covering owing to its ability to add strength and
resistance to impact and fire. Fiberglass in the form of GFRP composites is
used in a wide range of end-use sectors including wind energy, transportation,
aerospace, marine, and civil construction. The growth of these end-use sectors
on account of improving economic conditions in the country is anticipated to
drive the demand for fiberglass, and in turn, the kaolin market. Fiberglass
market is estimated to generate revenues worth USD 549.1 million by 2025.
Technological advancements in the
process of manufacturing plastics have resulted in the incorporation of
numerous additives including fillers such as kaolin. Increasing production of
plastics is expected to augment the demand for kaolin over the forecast period.
The segment is projected to grow at a volume CAGR of 5.3% over the projected
period.
The U.S. plastic production
increased from 108,183 million pounds in 2014 to 110,781 million pounds in
2015. Infrastructure development and growth of the manufacturing sector is
expected to augment the demand for plastics, thereby bolstering the expansion
of the kaolin industry.
The market is characterized by
frequent changes in prices primarily due to volatile product demand as well as
a rise in production costs. Demand plays a significant role in determining the
price cap of the product, as bulk production assists in lowering costs.
However, volatile movement of the paper, and oil & gas markets have been
resulting in adversely impacting the profit margins of manufacturers.
Imerys, KaMin, Thiele Kaolin and
BASF are some of the prominent players within the U.S. industry. Other leading
vendors include Advanced Primary Minerals Corp., Active Minerals International,
Vanderbilt Minerals, LLC, and Lhoist Group.
Hexa Research has segmented the
U.S. kaolin market based on application:
Segmentation By Application, 2014 - 2024 (Kilo Tons) (USD Million)
• Paper
• Ceramics
• Fiberglass
• Paints & adhesives
• Rubber
• Plastics
• Cement
• Others
Key players analyzed:
• Thiele Kaolin
• BASF SE
• Imerys SA
• Advanced Primary Minerals Corp.
• KaMin LLC
• Active Minerals International
• Vanderbilt Minerals, LLC
• Lhoist Group
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