SAN FRANCISCO, November 5, 2018
SAN FRANCISCO, November 5, 2018 /PRNewswire/ --
The global halloysite market 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.
Browse full research report with TOC on "Halloysite Market Size, Share & Trends Analysis Report By Application, (Medical, Ceramics, Cosmetics, Paints, Cement, Polymers), By Region (APAC, Europe, North America, CSA, MEA), And Segment Forecasts, 2018 - 2025" at: https://www.grandviewresearch.com/industry-analysis/halloysite-market
Further Key Findings From the Report Suggest:
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Grand View Research has segmented the global halloysite market on the basis of application, and region:
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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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