South Korea Kaolin Market Size & Outlook, 2023-2030
South Korea kaolin market, 2018-2030 (US$M)
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South Korea kaolin market highlights
- The South Korea kaolin market generated a revenue of USD 95.2 million in 2023 and is expected to reach USD 123.7 million by 2030.
- The South Korea market is expected to grow at a CAGR of 3.8% from 2024 to 2030.
- In terms of segment, paper was the largest revenue generating application in 2023.
- Ceramics is the most lucrative application segment registering the fastest growth during the forecast period.
Kaolin market data book summary
| Market revenue in 2023 | USD 95.2 million |
| Market revenue in 2030 | USD 123.7 million |
| Growth rate | 3.8% (CAGR from 2023 to 2030) |
| Largest segment | Paper |
| Fastest growing segment | Ceramics |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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 |
Other key industry trends
- In terms of revenue, South Korea accounted for 2.4% of the global kaolin market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China kaolin market is projected to lead the regional market in terms of revenue in 2030.
- Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 89.2 million by 2030.
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Kaolin Market Scope
Kaolin Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea kaolin market outlook
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 37.18% in 2023. Horizon Databook has segmented the South Korea 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.
The rising popularity of ceramic based electronic components in miniatures circuits is projected to drive the demand for kaolin-based products in South Korea. The market in terms of revenue is poised to grow at a compounded annual growth rate of nearly 5.0% from 2023 to 2030.
The government is also focusing on providing affordable houses to its citizens. For instance, in 2021, the South Korean government announced the construction of 830,000 dwelling units across the country. This is expected to increase the demand for paints & coatings, and ceramic tiles, which is expected to positively impact the consumption of kaolin in the coming years.
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Target buyers of South Korea kaolin market databook
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Our clientele includes a mix of kaolin market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea kaolin market , including forecasts for subscribers. This country databook contains high-level insights into South Korea kaolin market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea kaolin market size, by application, 2018-2030 (US$M)
South Korea Kaolin Market Outlook Share, 2023 & 2030 (US$M)
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