Market revenue in 2023 | USD 62.9 million |
Market revenue in 2030 | USD 72.9 million |
Growth rate | 2.1% (CAGR from 2023 to 2030) |
Largest segment | Paper |
Fastest growing segment | Ceramics |
Historical data covered | 2018 - 2022 |
Base year for estimation | 2023 |
Forecast period covered | 2024 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Paper, Ceramics, Paint & Coatings, Fiber glass, Plastic, Rubber, Pharmaceuticals & medical, Cosmetics |
Key market players worldwide | Basf SE, Minerals Technologies Inc, GL Sciences Inc, Imerys, EICL, KaMin Solutions, Sibelco, Thiele Kaolin Company |
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The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to kaolin market will help companies and investors design strategic landscapes.
Paper was the largest segment with a revenue share of 36.88% in 2023. Horizon Databook has segmented the Latin America kaolin market based on paper, ceramics, paint & coatings, fiber glass, plastic, rubber, pharmaceuticals & medical, cosmetics covering the revenue growth of each sub-segment from 2018 to 2030.
According to a report by the Organization for Economic Co-operation and Development (OECD) 2022, steel production in Central & South America dropped in 2022 owing to the high inflation, Russia-Ukraine conflict, and an expected economic slowdown. In addition, reduced growth in the construction and automotive industries in recent years has impacted the kaolin market.
Rising investment in the construction industry is expected to propel the demand for products over the forecast period. For instance, in April 2022, the Peru City Council approved an amount of USD 600 thousand to support the development of a new USD 20.00 million housing project in Peru.
The project is planned to include 174 housing units, which are distributed into traditional apartments, patio apartments, and duplexes, with approximately 50,000-square-foot senior housing.
Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America kaolin market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America kaolin market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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