Halloysite Market To Reach $50.21 Million By 2025 | Key Industry Players Imerys Ceramics, I-Minerals, Inc.
San Francisco, 14
November 2018 - The
global halloysite market size is expected to reach USD
50.21 million by 2025, according to a new report by Grand View Research, Inc.,
progressing at a CAGR of 7.2% during the forecast period. Booming construction
industry in Asia Pacific is leading to increase in the demand for ceramic
products, which in turn, is expected to boost the growth of the market.
The market
exhibits a high degree of integration from raw material supply to processing
and distribution of the product. All major manufacturers in the industry are
involved in raw material extraction, which is directed wholly to captive
consumption. Key industry players are also involved in collaborations with
large clay manufacturing and distributing companies on profit sharing basis.
Legal
regulations governing the industry approve use of halloysite for use in
critical & semi-critical applications such as medical and cosmetics. Buyers
in the market are sensitive to product quality and lay minimal emphasis on
price. As a result, the product price is found to vary extensively in
accordance with application for which it is supposed to be used.
The market is
subject to regulations pertaining to mining and processing of the product.
Increasing concerns regarding impact of unsustainable mining practices for the
extraction of halloysite and other clays are expected to result in a limited
production, which is further likely to limit the growth of the market over the
forecast period.
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Further key
findings from the report suggest:
- The
medical industry is expected to register a CAGR of 7.1% in terms of volume
from 2018 to 2025, owing to increasing use of the product for directed
drug delivery on account of its superior physical properties such as
tubular structure and high surface area
- The
halloysite market in North America had a valuation of USD 6.05 Million in
2017 due to high product usage in the medical industry coupled with rising
use of the product in various cosmetic formulations
- The market
in China is anticipated to expand at a CAGR of 7.6% from 2018 to 2025 due
to robust growth of the building & construction industry coupled with
heightened demand for halloysite-based ceramic ware
- The global halloysite market is characterized by presence of a limited number of players. Small-scale companies majorly compete on the basis of product quality, as type of product manufactured depends on the mine from where the material is sourced.
Grand View Research has segmented the
global halloysite market on the basis of application, and region:
Halloysite Application Outlook (Volume,
Tons; Revenue, Thousand USD, 2014 - 2025)
- Medical
- Cosmetics
- Ceramics
- Polymers
- Cement
- Paints
- Others
Halloysite Regional Outlook (Volume,
Tons; Revenue, Thousand USD, 2014 - 2025)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Asia Pacific
- China
- India
- Japan
- Central & South America
- Middle East & Africa
Access Press Release Of This Research
Report by Grand View Research:
www.grandviewresearch.com/press-release/global-halloysite-market
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
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