Halloysite Markets to 2025: Global Size, Share & Trends Analysis By Application and Region – ResearchAndMarkets.com
DUBLIN –(BUSINESS WIRE)
The “Halloysite Market Size, Share & Trends Analysis Report By Application, (Medical, Ceramics, Cosmetics, Paints, Cement, Polymers), By Region (APAC, Europe, North America, CSA, MEA), And Segment Forecasts, 2018 – 2025” report has been added to ResearchAndMarkets.com’s offering.
The global halloysite market size is expected to reach USD 50.21 million by 2025, 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.
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.
Key Topics Covered
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Halloysite Market Variables, Trends & Scope
Chapter 4. Halloysite Market: Application Estimates & Trend Analysis
Chapter 5. Halloysite Market: Regional Estimates & Trend Analysis
Chapter 6. Competitive Landscape
Chapter 7. Company Profiles
- Applied Minerals Inc.
- Imerys Ceramics
- I-Minerals Inc.
- Northstar Mines LLC
For more information about this report visit https://www.researchandmarkets.com/research/v462fg/halloysite?w=4
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Related Topics: Metals and Minerals, Clay and Porcelain
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