San Francisco, 16
November 2018: The global halloysitemarket size is
expected to reach USD 50.21 million by 2025, according to a new report by Grand
View Research, Inc., 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.
The market is subject to regulations
pertaining to mining and processing of the product. Increasing concerns
regarding impact of unsustainable mining practices for the extraction of
halloysite and other clays are expected to result in a limited production,
which is further likely to limit the growth of the market over the forecast
period.
Access
Research Report of Halloysite Market@ www.grandviewresearch.com/industry-analysis/halloysite-market
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
· The global halloysite market is
characterized by presence of a limited number of players. Small-scale companies
majorly compete on the basis of product quality, as type of product
manufactured depends on the mine from where the material is sourced.
Browse more reports of this category by Grand View
Research at: www.grandviewresearch.com/industry/specialty-glass-ceramic-and-fiber
Grand View Research has segmented the
global halloysite market on the basis of application, and region:
Halloysite Application Outlook (Volume,
Tons; Revenue, Thousand USD, 2014 - 2025)
·
Medical
·
Cosmetics
·
Ceramics
·
Polymers
·
Cement
·
Paints
·
Others
Halloysite Regional Outlook (Volume, Tons;
Revenue, Thousand USD, 2014 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Central & South America
·
Middle East & Africa
Access Press Release of
Halloysite Market@ www.grandviewresearch.com/press-release/global-halloysite-market
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
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