Global Wollastonite Market: Overview
Wollastonite is a calcium metasilicate composed of manganese, magnesium, and iron filling in for calcium. However, these are available in very few quantities. Wollastonite is widely available in two forms, namely, synthetic and natural. The natural wollastonite finds the trace measures of varied metal particles, for example, sodium, potassium, manganese, iron, aluminum, and others. Also, it is very less accessible in an adulterated form. It also comprises various metals like garnet, calcite, and dropsied as polluting influences that are eliminated during preparation. It finds a large number of applications in friction products, metal making, ceramics, and paint fillers. The key characteristic of wollastonite powder includes enhanced durability, ability to lower crazing, and good strength. Its composition includes 8.3% calcium oxide and 51.7% silicon dioxide.
Report Scope:
Report Attribute | Details |
---|---|
Base Year | 2022 |
Historic Years | 2018 - 2022 |
Forecast Years | 2023 - 2030 |
Segments Covered | By Product Type, By Application, and By End Use |
Forecast Units | Value (USD Billion), and Volume (Units) |
Quantitative Units | Revenue in USD million/billion and CAGR from 2023 to 2030 |
Regions Covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World |
Countries Covered | U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others |
Number of Companies Covered | 10 companies with scope for including additional 15 companies upon request |
Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis. |
Customization Scope | Avail customized purchase options to meet your exact research needs. |
Global Wollastonite Market: Growth Factors
The global wollastonite market is likely to grow indefinitely during the forecast period due to the fast-growing construction sector globally. Wollastonite is widely used in tiles and flooring applications in infrastructural activities worldwide. Besides this, wollastonite finds a huge number of applications in exterior and interior automotive applications. The increasing investments in growing economies in the automotive sector will further complement the growth trajectory. Wollastonite initially occurs as a prismatic crystal with distinct characteristics that segment mass into acicular fragments. However, owing to its advanced processing abilities, it has emerged as one of the most versatile functional fillers in the global marketplace. Also, wollastonite offers an optimum performance by accurately matching the ideal coupling agent on the right concentration level to the polymer system. Such surface-modified wollastonite is very much adopted globally due to its advantages like improved dispersion of resin, advanced processing, and enhanced physical properties. The high consumption and production of ceramic-based products globally are likely to further push the growth of the global wollastonite market significantly. Wollastonite is also extracted through crystallization from molten rock, which comprises high carbon content. However, wollastonite is inert in nature, but it will dissolve in concentrated HCL. Additionally, it does not react with other elements both during and after the production process. Owing to the whiteness and brightness of pure wollastonite, these are widely used in white pigment products. Commercial wollastonite contains around 85 to 90% value that of common brightness standards like barium sulfate and magnesium oxides. The advent of Covid-19, the global pandemic, has significantly lowered the growth trajectory of the global wollastonite market, but it is expected to grow with an average CAGR during the forecast period due to the several initiatives undertaken by the leading players along with the ease in Covid regulations globally.
Global Wollastonite Market: Segmentation
The global wollastonite market can be segmented into industry, application, type, and region.
By industry, the market can be segmented into electrical & electronics, building & construction, automotive, and others.
By application, the market can be segmented into plastic, paint coating, ceramic, polymer, and others.
By type, the market can be segmented into synthetic and natural.
Global Wollastonite Market: Regional analysis
North America accounts for the largest share in the global wollastonite market due to the arising concerns from industry leaders regarding the protection of the building and its better safety. The fast proliferating construction sector is likely to create several lucrative growth opportunities in the regional market during the forecast period. However, the new product launches in the region are further likely to accelerate the demand in the region.
Asia Pacific is another key reason holding potential to grow significantly during the forecast period due to the growing disposable income of the people in the region and increasing investment activities in the construction sector.
Global Wollastonite Market: Competitive Players
Some of the significant players in the global wollastonite market include Jilin Shanwei Wollastonite Mining CO., LTD., Changxing Earth New Type of Material Co., Ltd., Lishu Dadingshan Wollastonite Co. Ltd, Xinyu South Wollastonite Co., Ltd, Canadian Wollastonite, R.T. Vanderbilt Holding Company Inc., ACBM JSC, Imerys S.A., Wolkem, and Nordkalk Corporation.
Global Wollastonite Market: Regional Segment Analysis
What Reports Provides
FrequentlyAsked Questions
The global wollastonite market is likely to grow indefinitely during the forecast period due to the fast-growing construction sector globally. Wollastonite is widely used in tiles and flooring applications in infrastructural activities worldwide. Besides this, wollastonite finds a huge number of applications in exterior and interior automotive applications.
Some of the significant players in the global wollastonite market include Jilin Shanwei Wollastonite Mining CO., LTD., Changxing Earth New Type of Material Co., Ltd., Lishu Dadingshan Wollastonite Co. Ltd, Xinyu South Wollastonite Co., Ltd, Canadian Wollastonite, R.T. Vanderbilt Holding Company Inc., ACBM JSC, Imerys S.A., Wolkem, and Nordkalk Corporation.
North America accounts for the largest share in the global wollastonite market due to the arising concerns from industry leaders regarding the protection of the building and it's better safety. The fast proliferating construction sector is likely to create several lucrative growth opportunities in the regional market during the forecast period.
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