The global wollastonite powder market size was estimated to be US$ 355 million in 2020 and is expected to reach US$ 795 million by 2031 at a CAGR of 7.7%.
Wollastonite alludes to an ordinarily found material that is in a shade of yellowish-brown to white and contained calcium, oxygen, and silicon. It is otherwise called Calcium Metasilicate. CaSiO3 is an atomic equation of wollastonite powder. It has an arrangement of 51.8% silicon dioxide and 48.2% calcium oxide. In polymers, wollastonite powder expatiates the ductile and flexural strength by decreasing the resin utilization. It likewise works on thermal and shape resoluteness when tiles are exposed to high temperatures. Wollastonite powder is utilized as an admixture in paints.
It is utilized to amplify solidness of the paint medium. In metallurgy, wollastonite powder can fill in as a flux blend for welding procedure, and slag conditioner. It additionally secures the outside surface of the liquid metal during consistent molding of steel. Wollastonite is getting prominence as a cost-effective support material in ceramics and white wares. Its beneficial traits, for example, low failure rate and low carbon dioxide (CO2) footprints, are in effect profoundly liked by earthenware production makers.
Residential housing projects that are in progress in Bahrain and Arena of Saudi Arabia in the Middle East province. This is driving the wollastonite powder market in the province. On March 10, 2020, the public authority of Bahrain reported an arrangement to assemble 1705 private housing units, including 1402 flat schemes, under the Salman City Social Lodging Project. Besides, the Bahrain Lodging Service gave an exquisite of 132 private homes on government land in Al-Lawzi, Bahrain.
These techniques to construct infrastructure during a few years are probably going to back up the demand for wollastonite powder in the country. Nonetheless, the significant expense of use of wollastonite on the commercial basis and cost of material and wollastonite powder related to fluid carbonation in the high energy usage are required to go about as key restriction towards wollastonite powder market development rate during the approximation period 2023-2032. The corona virus outbreak, post 2020, resulted into a suspension in worldwide monetary exercises.
Nations, for example, India, China, and Japan are anticipated to observe outstanding demand for wollastonite powder in the construction and real estate business are presently encountering a drop in market development, since building destinations had been briefly closed in virtue of the pandemic. This has significantly hampered development for the wollastonite powder market in the province.
Organizations in the wollastonite powder market are additionally smoothing out their production exercises, as indicated by the demand raised by customers. Makers in the wollastonite powder market are expanding the accessibility of minerals that can be effortlessly conjoined into both water-soluble and dissolvable solvent form as well. Henceforth, makers in the wollastonite powder market are spreading out endeavors to keep a certain quality in wollastonite items to adhere to the worldwide standards and gain acknowledgment in the marketplace.
Be that as it may, substitute materials, for example, steel cables, ceramic filaments, and glass filaments are hampering market development. In year 2020, IMERYS a decisive player in the business has extended the dispersion agreement alongside IMCD covering all provinces of US and Canada.
Global Wollastonite Powder Market Value Share Analysis, by Geography (2022)
The report titled “Global Wollastonite Powder Market - Global Market Share, Trends, Analysis and Forecasts, 2023-2032”, wherein 2021 is historic period, 2022 is the base year, and 2023 to 2032 is forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the Global Wollastonite Powder Market. Furthermore, the report would reflect the key developments, global & regional sales network, business strategies, research & development activities, employee strength, and key executive, for all the major players operating in the market.
The global wollastonite powder market is segmented based on Application Type, and region. Based on Application Type, the Wollastonite Powder market is segmented into Polymers, Paints, Friction Products, Construction, Metallurgy, and others. Based on geography, the Global Wollastonite Powder Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is sub-segmented into the United States, Canada, and Rest of North America. Europe is sub-segmented into Germany, United Kingdom, Italy, France, Spain, and Rest of Europe. Asia Pacific is sub-segmented into China, Japan, India, Australia, and Rest of Asia Pacific. Middle East & Africa is sub-segmented into Saudi Arabia, UAE, South Africa, and Rest of Middle East & Africa. South America is sub-segmented into Brazil and Rest of South America.
The research provides in-depth analysis of prominent players holding majority share of the global market with a focus on all operating business segment and would identify the segment of the company focusing on Global Wollastonite Powder Market. Further, market share of prominent companies in the Global Wollastonite Powder Market would also be estimated.
The study takes into consideration the key competitive information such as business strategy, product portfolio, key development, swot analysis, and research and development focus of all the Wollastonite Powder companies. The Global Wollastonite Powder Market study would take into consideration the participants engaged throughout the supply chain and value chain of the market, along with their contribution. Product portfolio would focus on all the products under the Wollastonite Powder business segment of the company. Similarly, the recent development section would focus on the latest developments of company such as strategic alliances and partnerships, merger and acquisition, new product launched and geographic expansion in the Global Wollastonite Powder Market.
The key players of the Global Wollastonite Powder Market are Wolkem, Jilin Shanwei Wollastonite Mining CO.LTD., R.T. Vanderbilt Holding Company, Inc., Changxing Earth Co., Ltd., Nordkalk Corporation, Imerys, Canadian Wollastonite, ACBM JSC, Xinyu South Wollastonite Co Ltd., and others
Global Wollastonite Powder Market Key Segments:
Based on Application Type
By Region
The global Wollastonite Powder market was worth US$ 795 million in 2020.
The global Wollastonite Powder market is expected to register a CAGR of 7.7% between 2022 and 2032.
Wolkem, Jilin Shanwei Wollastonite Mining CO.LTD., R.T. Vanderbilt Holding Company, Inc., Changxing Earth Co., Ltd. are few prominent players active in the market.
The major applications of Wollastonite Powder include Polymers, Paints, Friction Products, Construction and Metallurgy .
Copyright © 2024 Same Page Management Consulting Pvt. Ltd. (insightSLICE) | All Rights Reserved