Turkey Kaolin Market Size & Outlook, 2023-2030
Turkey kaolin market, 2018-2030 (US$M)
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Turkey kaolin market highlights
- The Turkey kaolin market generated a revenue of USD 323.9 million in 2023 and is expected to reach USD 414.5 million by 2030.
- The Turkey market is expected to grow at a CAGR of 3.6% 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 323.9 million |
| Market revenue in 2030 | USD 414.5 million |
| Growth rate | 3.6% (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, Turkey accounted for 8.1% of the global kaolin market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany kaolin market is projected to lead the regional market in terms of revenue in 2030.
- Turkey is the fastest growing regional market in Europe and is projected to reach USD 414.5 million by 2030.
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Kaolin Market Scope
Kaolin Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Turkey 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 37.3% in 2023. Horizon Databook has segmented the Turkey 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 flourishing travel and tourism sector of the country is expected to be one of the key drivers for the overall growth of kaolin market in Turkey. In January 2023, Dedeman Hotels & Resorts International announced that it is targeting to be present in 81 provinces with its 9 brands.
The first hotel is expected to be open by 2026. With its 120 rooms, 1000-person ballroom, 380 m2 lobby, substantial spa facilities, sky pool, and rooftop restaurant, it will accommodate both local and international visitors to the area.
Such developments undertaken by leading hotel chains in Turkey are fueling the growth of ceramics market in the country as ceramics finds its used in hotels in sanitary ware, table ware, kitchen ware, ceramic tiles, ceramic wall tiles, and ceramic flooring which enhances the aesthetics of the hotels, which is expected to positively influence the kaolin market.
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Horizon Databook provides a detailed overview of country-level data and insights on the Turkey kaolin market , including forecasts for subscribers. This country databook contains high-level insights into Turkey kaolin market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Turkey kaolin market size, by application, 2018-2030 (US$M)
Turkey Kaolin Market Outlook Share, 2023 & 2030 (US$M)
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