The global kaolin market size is projected to reach USD 5,833.5 million by 2027, exhibiting a CAGR of 5.1% during the forecast period. Rising awareness about the benefits of china clay in skincare applications will be a prominent growth determinant for this market. For ages, clay has been known to fight skin-harming developments, such as acne. The increasing pollution levels, adoption of unhealthy diet regimes, and constant stress have had severe impacts on general health and skin in particular. Kaolin, or china clay, has emerged as one of the potent acne and oily skin-fighting formulations in recent times. For example, according to experts at the Mount Sinai Hospital in New York, china clay can absorb excess oil without drawing away too much of the skin’s moisture. Thus, people with inherently dry skin or sensitive skin can apply it without worrying about dryness. Further, research at Mount Sinai also showed that green kaolin clay, derived from plant matter and iron oxide, sucks out the dirt and bacteria that cause acne while removing excess oil. With the cosmetics & personal care industry growing rapidly worldwide, the employment of china clay in skincare products is likely to rise in the near future.
Restraining Factor
COVID-19 to Negatively Impact the Paper Industry, Stall Market Growth
The COVID-19 pandemic outbreak has dealt notable blows to the paper industry as a result of lockdowns, supply chain disruptions, trade restrictions, and economic downturn. According to a study published by North Carolina State University, certain types of paper products have suffered because of the pandemic. For example, the demand for printing paper and copier paper has noticeably shrunk due to the shutdown of colleges and universities worldwide. In India, the Indian Paper Manufacturers Association stated in August 2020 that since March, paper supply chains have undergone widespread upheavals and are still in recovery mode. Moreover, the closure of educational institutions and commercial establishments has further diminished the demand for paper, intensifying the downturn of the domestic paper industry. Kaolin is the most widely utilized mineral in the filling and coating of paper, and with the paper industry getting hit by the coronavirus, the growth of this market will inevitably get stalled.
Competitive Landscape
Rising Costs to Force Key Players to Raise Product Prices
With the demand for high-performance raw materials soaring across various end-user industries, key players in the china clay market are engaged in the development of innovative offerings. However, the costs associated with the production of such materials are escalating worldwide. As a result, several companies are being forced to increase the prices of their products.
Industry Development:
December 2020: KaMin LLC and CADAM SAannounced that they would be increasing the price of their kaolin performance minerals by 4% to 9% in the global markets from January 2021. According to the company, the price rise is unavoidable as it needs to offset the growing costs related to logistics and mining operations and to comply with the environmental requirements.
Source:https://www.fortunebusinessinsights.com/kaolin-market-102352
The global Can Coating market size is anticipated to gain a traction during the forecast period, 2019 – 2026.
Rise in supply of food and beverages and use of can for chemical preservations is driving the market growth.
Additionally, technological developments for coating industry to protect from external environmental factors is likely to drive the market growth throughout the forecast period.Protective coatings offer corrosion control and ensure a long term protection within a wide range of corrosive conditions.
Consumer demand for quality foods with flavor, texture and color stands important from the consumption aspects and in this regards, manufacturers are now emphasizing on technological feasibility, commercial availability and health aspects of alternative options for coatings.
Natural resins are used as a coating material that are derived from plants.
Synthetic resins are identical to plant resins but are liquid monomers.Request a Sample Report of Can Coating Market @ https://dataintelo.com/request-sample/?reportId=120894Canned foodstuff forms an integral component of global food supply followed by the development of can coatings and hence manufacturers are now stressing more upon the state-of-the art techniques used in the manufacture of coatings for canned bottles and food.
Sodium Formate Market Report presents the conceptual study and strategic analysis which provides market scope, applications, a topographical presence that drive the Sodium Formate market.
Sodium Formate Market Global Industry report provides the latest market statistics, industry growth, size, share, trends, as well as driving factors.
The detailed overview of the market segments, product description, Sodium Formate applications is presented in this report.
The growing demand of product in upstream oil & gas industry for the production of clear brine, increasing applications in various industries such as dying & printing, food & beverage, oil & gas and other industries as well, growing usage of de-icing of run ways are some of the factors that will likely to accelerate the growth of the sodium formate market in the forecast period of 2020-2027.
On the other hand, environmental conservation and growing textile & printing industry will further boost various opportunities that will lead to the growth of the sodium formate market in the above mentioned forecast period.
Request Sample of Sodium Formate Market Report @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-sodium-formate-market Major Players covered in the Sodium Formate Market-Perstorp, BASF SE, MKS Marmara, Alder SpA, Metafrax", Asian Paints Limited, Kanoria Chemicals & Industries Ltd., Zibo Ruibao Chemical Co.,Ltd, Honeywell International Inc., TCI Chemicals (India) Pvt.
Understand the various factors that will impact the market growth during the forecast period.
Also, learn about challenges faced by key players and opportunities they can leverage to grow in this market.
The global alginate market size was estimated to be USD XXXX million in 2017 and is predicted to grow to USD XXXX million during the forecast period.
Considerable investments by alginate manufacturing companies and national governments to help facilitate the growing of seaweed processing are likely to help the industry growth.
Apart from the cost the harmful side effects caused by the use of alginate, also might hamper the market growth.Request for Sample PDF @ https://www.adroitmarketresearch.com/contacts/request-sample/201Food and beverage industry is the major contributor in the Alginic acid market.
This is mainly due to the permits being given by regulatory agencies including FDA and European Commission to it.
Furthermore, recent years have seen an increase in domestic consumption and increased demand in convenience foods, and the growth in consumption of exotic foods.
Here alginate is used in emulsifiers in peanut butter, salad dressings, chocolates and frozen desserts.Different product types of Alginate are majorly due to the raw materials used during formation.
