Kaolin Market expected to exhibit a CAGR of 3.7% from 2022 to 2030
Kaolin Industry Overview The global kaolin market size is projected to reach approximately USD 5.87 billion by 2030, according to a new report by Grand View Research, Inc., progressing at a CAGR of 3.7% in the forecast period. The rising prominence of kaolin especially in the manufacturing of whiteware ceramics is projected to aid the market growth over the predicted timeline. Kaolin Market Segmentation Grand View Research has segmented the global kaolin market on the basis of application and region: Based on the Application Insights, the market is segmented into Paper, Ceramics, Paint & Coatings, Fiberglass, Plastic, Rubber, Pharmaceuticals & medical, Cosmetics, and Others. Ceramics is projected to emerge as the second largest application segment with the highest compounded annual growth rate of nearly 4.6% in terms of volume in the forecast period. The use of the product in ceramic manufacturing has been gaining prominence on account of charac...