According to a study by Future Market Insights. India’s kaolin market is likely to project a steady growth of over 3% CAGR between 2021 and 2031. The increasing demand for kaolin in construction & infrastructure industries is accelerating the market growth.
Following the outbreak of COVID-19, recommencement in construction of residential & commercial buildings, airports, highways, and roadways is bolstering the demand for kaolin.
Increasing adoption of kaolin in the production of cement, ceramics, and concrete will be a key factor fuelling the demand in the market. Furthermore, due to the expansion of construction industry, there has been a surge in the demand of kaolin within paints & coatings industry, especially across West India.
Strong presence of kaolin mines in the Kutch region and increasing production of cement and ceramics in the region will provide lucrative opportunities for the manufacturers over the coming years.
As per the FMI’s analysis, cement industry is anticipated to remain a key segment and is estimated to account for over 47% kaolin sales in India through 2021.
“Increasing construction activities in the country will intensify competition in the coming years in the kaolin market. Against this backdrop, manufacturers are likelier to invest in research and development activities with an intent of gaining competitive edge,” says the FMI analyst
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Leading players operating in kaolin market of India are focusing on forging tie-ups with top companies and manufacturers to expand their market presence. Some of the leading players are also focusing on increasing their mining capacity and production capacity to generate more revenue and maintain their position in the industry.
Furthermore, expansion in product portfolio and increase in price of the performance material coupled with strategic collaboration are some of the strategies adopted by key players. For instance:
Some of the leading players operating in the kaolin market profiled by FMI includes:
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More Insights on the Global Kaolin Market
In its latest report, FMI offers a detailed segmentation on the kaolin market across India, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031. In order to understand the market potential, its growth, and scope, the market is segmented on the basis of:
Key Questions Covered in the Report
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Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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