According to a new market report published by
Lucintel, the future of the global wollastonite market looks promising with opportunities in
the polymer, ceramic, paint and coating, and metallurgy markets. The global wollastonite market is expected
to grow with a CAGR of 6% from 2018 to 2023. The major drivers of growth for this market are increasing
building and construction activities and growth in automotive production.
In this market, natural and synthetic wollastonites
are used as fillers and performance additives in polymer, ceramic, paint and
coating, and metallurgy applications. Lucintel forecasts that natural
wollastonite will remain the largest product type due to the growth in polymer,
ceramic, and paint and coating market. Synthetic wollastonite is expected to witness
the highest growth over the forecast period due to increasing demand in ceramic
industry.
Wollastonite usage in polymer compound applications is expected to
remain the largest segment and witness the highest growth over the forecast
period due to the increasing demand for plastic in automotive interiors,
exteriors, and under the hood applications.
Asia Pacific is expected to remain the largest
region by value and volume and also witness the highest growth over the
forecast period due to growth in ceramic products, such as wall & floor
tiles and sanitary wares in construction industry.
Emerging trends, which have a direct impact on
the dynamics of the industry, include growing consumption of ultrafine
wollastonite and increasing application of synthetic wollastonite. Imerys
(NYCO), Wolkem, Lishu Dadingshan Wollastonite, Hulan Wollastonite, Jilin
Shanwei, R.T Vanderbilt Holding, and Nordkalk are among the major wollastonite suppliers.
Lucintel, a leading global strategic
consulting and market research firm, has analyzed the global wollastonite market by application, product
type, aspect ratio, end use industry, and region and has come up with a
comprehensive research report entitled “Growth Opportunities in the Global Wollastonite
Market 2018-2023: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a
catalyst for growth strategy as it provides a comprehensive data and analysis
on trends, key drivers, and directions. The study includes a forecast for the
global wollastonite by application, product type, aspect ratio, end use
industry, and region as follows:
By Application [Kilotons and $M shipment analysis from 2012 to 2023]:
·
Polymer
·
Ceramics
·
Paints and Coatings
·
Metallurgy
·
Others
By Product Type [Kilotons and $M shipment analysis from 2012 to 2023]:
·
Natural
·
Synthetic
By Aspect Ratio [Kilotons and $M shipment analysis from 2012 to 2023]:
·
High Aspect Ratio
·
Low Aspect Ratio
By End Use Industry [Kilotons and $M shipment analysis from 2012 to 2023]:
·
Automotive
·
Building and Construction
·
Industrial
·
Electrical and Electronics
·
Others
By Region [Kilotons and $M shipment analysis for 2012 – 2023]:
·
North America
– United States
– Canada
– Mexico
· Europe
– Germany
– Spain
– Finland
· Asia Pacific
– China
– India
– Japan
·
The Rest of the World
– Turkey
– Brazil
This
205-page research report will enable you to make confident business decisions
in this globally competitive marketplace. For a detailed table of contents,
contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com. Lucintel offerings include Chemical
Market Research Reports, Chemical
Industry Analysis Report, Opportunity
Screening and Analysis, Strategic
Growth Consulting and Capital
Investment Analysis.
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity analysis, growth consulting, M&A, and due diligence
services to executives and key decision-makers in a variety of industries. For
further information, visit www.lucintel.com.
This
report answers following 11 key questions:
Q.1 What are
some of the most promising,
high-growth opportunities for the global wollastonite market by application (polymer,
ceramic, paint and coating, metallurgy, and others), by product type (natural
and synthetic), by aspect ratio (high and low aspect ratio), by end use
industry (automotive, building & construction, industrial, electrical and
electronics, and others)and by region (North America, Europe, Asia
Pacific, and the Rest of the World)?
Q. 2 Which segments will grow at a faster pace
and why?
Q.3 Which regions will grow at a faster pace
and why?
Q.4 What are the key factors affecting market
dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to
the market?
Q.6 What are the emerging trends in this
market and reasons behind them?
Q.7 What are some changing demands of
customers in the market?
Q.8 What are the new developments in the
market? Which companies are leading these developments?
Q.9 Who are the major players in this market?
What strategic initiatives are being implemented by key players for business
growth?
Q.10 What are some of the competitive products
and processes in this area and how big of a threat do they pose for loss of
market share via product substitution?
Q.11 What M&A activity has occurred in the last 5 years?
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