According to a new market report published by Lucintel, the future of the wollastonite market looks promising with opportunities in the polymer, ceramic, paint and coating, and metallurgy markets. The wollastonite market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to grow with a CAGR of 1% to 3% from 2020 to 2025. The major drivers of growth for this market are increasing building and construction activities and growth in automotive production.
Browse 123 market data tables and 143 figures spread through 206 pages and in-depth TOC on “Wollastonite Market"
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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 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 Wollastonite Market 2020-2025: 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 wollastonite by application, product type, aspect ratio, end use industry, and region as follows:
By Application [Kilotons and $M shipment analysis from 2014 to 2025]:
Polymer
Ceramics
Paints and Coatings
Metallurgy
Others
By Product Type [Kilotons and $M shipment analysis from 2014 to 2025]:
By Aspect Ratio [Kilotons and $M shipment analysis from 2014 to 2025]:
High Aspect Ratio
Low Aspect Ratio
By End Use Industry [Kilotons and $M shipment analysis from 2014 to 2025]:
Automotive
Building and Construction
Industrial
Electrical and Electronics
Others
By Region [Kilotons and $M shipment analysis for 2014 – 2025]:
North America
United States
Canada
Mexico
Europe
Asia Pacific
The Rest of the World
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 click on this link https://www.lucintel.com/wollastonite-market.aspx or helpdesk@lucintel.com.
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.