Wollastonite Powder Market - Snapshot
Wollastonite is a naturally occurring mineral, which is yellowish brown to white in color. It comprises silicon, calcium, and oxygen. It is commonly referred to as calcium metasilicate. It has good strength, ability to reduce crazing, and firing characteristics. The global wollastonite powder market is expected to expand at a significant rate during the forecast period, due to increase in the demand from the construction industry. The market was valued at about US$ 180 Mn in 2017 and is projected to expand at a CAGR of above 8.1% during the forecast period.
A major factor driving the wollastonite powder market is growth of the construction industry. Wollastonite has industrial significance worldwide. The bulk demand for wollastonite is for use in floor and wall tiles. Wollastonite decreases shrinkage and gas evolution during firing. Wollastonite is used in small quantities in asbestos cement products as a partial replacement for short fiber asbestos. Furthermore, the rising demand for renovation of houses from the construction industry in Asia has led to growing significance of wollastonite powder manufacturers in the region. The revenue generated by wollastonite powder manufacturers has increased significantly over the last few years. This factor is estimated to drive the market in Asia in the next few years.
Major players operating in the wollastonite powder market have adopted mergers and acquisitions as a key strategy to expand their network. For instance, in 2017, the filtration & performance additives business group of Imerys acquired Damolin, a Denmark’s based company specialized in oil and chemical absorbents. Launch of new products and facilities is likely to be a long-term strategy of wollastonite powder manufacturers. For example, in 2017, Imerys launched two new JetFil talc products viz. JetFil V625C and V700C. These products offer outstanding lamellarity and reinforcement performance. The company has invested in the new beneficiation technology that has a low impact on the surrounding area with low energy usage.
Wollastonite powder is used in various applications such as ceramics, polymers, paints, metallurgy, friction products, and construction. In the tiles industry, wollastonite powder is employed in the manufacture of ceramics to improve the performance of tiles. In polymers, wollastonite powder increases the tensile and flexural strength, by reducing the resin consumption. It also improves thermal and dimensional stability at high temperatures. Wollastonite powder is used as an additive in paints. It is used to increase durability of the paint film. It also acts as a pH buffer. It improves resistance to weather; reduces gloss and pigmentation; and acts as a flatting and suspending agent. In metallurgy, wollastonite powder can serve as a flux for welding; as a source of calcium oxide; and as a slag conditioner. It also protects surface of the molten metal during continuous casting of steel. Wollastonite powder is also employed as a substitute for asbestos in floor tiles. The powder is resistant to chemical attacks. It is inert and stable at high temperatures.
Geographically, North America, Asia Pacific, and Europe are key regions for the global wollastonite powder market. Asia Pacific was the rapidly expanding market for wollastonite powder in 2017. It is a key region of the global wollastonite powder market, owing to strong presence of manufacturers in Japan, China, and India. China is a key country of the wollastonite powder market in Asia Pacific, due to high usage of ceramics in the country.
Key players operating in the global wollastonite powder market are Nordkalk, Wolkem, Imerys, ACBM JSC, R.T. Vanderbilt Holding Company, Inc., Canadian Wollastonite, Xinyu South Wollastonite Co., Ltd, Changxing Earth New Type of Material Co., Ltd., and Jilin Shanwei Wollastonite Mining CO., LTD.
Wollastonite Powder Market - Overview
The wollastonite powder market report provides analysis of the global wollastonite powder market for the period from 2017 to 2026, wherein 2017 is the base year and the period from 2018 to 2026 is the forecast period. The data for 2017 has been included as historical information. The report covers all trends prevalent in the wollastonite powder market. It also highlights various drivers, restraints, and opportunities expected to influence the market during the forecast period. The study provides a holistic perspective on the wollastonite powder market, in terms of value (US$ Mn), across different geographies including North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and Latin America. The report provides cross-sectional analysis of the global wollastonite powder market, in terms of market estimates and forecasts, for all segments across different regions. It offers in-depth analysis of the global wollastonite powder market in terms of application and geography. The report also includes competitive profiling of major players engaged in providing services related to wollastonite powder. Major business strategies adopted by them, their market positioning, and various recent developments have also been identified in the research report. This report also offers market positioning analysis of major players operating in the wollastonite powder market.
This research study on the global wollastonite powder market provides detailed analysis of various application segments. It offers in-depth analysis of various factors such as market drivers, restraints, and opportunities affecting the market dynamics. These factors enable the analysis of various trends that would impact the market during the forecast period. Under key trends, the report includes a comprehensive coverage of the underlying economic and technological factors influencing the wollastonite powder market. The market positioning analysis of key players throws light on the competition prevalent in the market.
Based on application, the wollastonite powder market has been segmented into ceramics, polymers, paints, metallurgy, friction products, construction, and others.
Various positive and negative factors that affect the wollastonite powder market have been identified in this report. The report aims to provide comprehensive, cross-sectional analysis of the wollastonite powder market across geographies including North America, Europe, Asia Pacific, Middle East & Africa (MEA), and Latin America. Additionally, the report highlights competition landscape of the wollastonite powder market and identifies various business strategies adopted by leading players. Under the company profiles section, the report provides an overview of companies operating in the market, strategies deployed by them to gain a competitive edge, annual revenue generated by them in the last two/three years, and recent developments.
Key players operating in the wollastonite powder market are Nordkalk, Wolkem, Imerys, ACBM JSC, R.T. Vanderbilt Holding Company, Inc., Canadian Wollastonite, Xinyu South Wollastonite Co., Ltd, Changxing Earth New Type Of Material Co., Ltd., and Jilin Shanwei Wollastonite Mining CO., LTD.
The global wollastonite powder market has been segmented as follows:
Global Wollastonite Powder Market, by Application
- Friction Products
Global Wollastonite Powder Market, by Region
- North America
- Russia & CIS
- Rest of Europe
- Asia Pacific (APAC)
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- South Africa
- Rest of MEA
- South America
- Rest of South America
- Extensive analysis of the wollastonite powder market trends and shares from 2018 to 2026 to identify growth opportunities and analyze market developments
- A list of key developments in the wollastonite powder market
- A list of key factors responsible for building a roadmap of upcoming opportunities in the wollastonite powder market at global, regional, and country levels
- Comprehensive analysis with respect to investments and price trends that would impact the outlook for the global wollastonite powder market between 2018 and 2026
- Insights into growth opportunities for different stakeholders in the value chain and a detailed competition landscape of key players dominating the market, to understand the competition level
- Porters’ five forces analysis that highlights potency of buyers and suppliers and enables stakeholders to make profit-oriented business decisions (It analyzes strengths and weaknesses, which can help them gain a strategic position in the market.)