Wollastonite Powder Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026
Wollastonite Powder
Market - Snapshot
Wollastonite is a
naturally occurring mineral, which is yellowish brown to white in
color. It comprises silicon, calcium, and oxygen. It is commonly
referred to as calcium metasilicate. It has good strength, ability to
reduce crazing, and firing characteristics. The global wollastonite
powder market is expected to expand at a significant rate during the
forecast period, due to increase in the demand from the construction
industry. The market was valued at about US$ 180 Mn in 2017 and is
projected to expand at a CAGR of above 8.1% during the forecast
period.
A major factor
driving the wollastonite powder market is growth of the construction
industry. Wollastonite has industrial significance worldwide. The
bulk demand for wollastonite is for use in floor and wall tiles.
Wollastonite decreases shrinkage and gas evolution during firing.
Wollastonite is used in small quantities in asbestos cement products
as a partial replacement for short fiber asbestos. Furthermore, the
rising demand for renovation of houses from the construction industry
in Asia has led to growing significance of wollastonite powder
manufacturers in the region. The revenue generated by wollastonite
powder manufacturers has increased significantly over the last few
years. This factor is estimated to drive the market in Asia in the
next few years.
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Major players
operating in the wollastonite powder market have adopted mergers and
acquisitions as a key strategy to expand their network. For instance,
in 2017, the filtration & performance additives business group of
Imerys acquired Damolin, a Denmark’s based company specialized in
oil and chemical absorbents. Launch of new products and facilities is
likely to be a long-term strategy of wollastonite powder
manufacturers. For example, in 2017, Imerys launched two new JetFil
talc products viz. JetFil V625C and V700C. These products offer
outstanding lamellarity and reinforcement performance. The company
has invested in the new beneficiation technology that has a low
impact on the surrounding area with low energy usage.
Wollastonite powder
is used in various applications such as ceramics, polymers, paints,
metallurgy, friction products, and construction. In the tiles
industry, wollastonite powder is employed in the manufacture of
ceramics to improve the performance of tiles. In polymers,
wollastonite powder increases the tensile and flexural strength, by
reducing the resin consumption. It also improves thermal and
dimensional stability at high temperatures. Wollastonite powder is
used as an additive in paints. It is used to increase durability of
the paint film. It also acts as a pH buffer. It improves resistance
to weather; reduces gloss and pigmentation; and acts as a flatting
and suspending agent. In metallurgy, wollastonite powder can serve as
a flux for welding; as a source of calcium oxide; and as a slag
conditioner. It also protects surface of the molten metal during
continuous casting of steel. Wollastonite powder is also employed as
a substitute for asbestos in floor tiles. The powder is resistant to
chemical attacks. It is inert and stable at high temperatures.
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Geographically,
North America, Asia Pacific, and Europe are key regions for the
global wollastonite powder market. Asia Pacific was the rapidly
expanding market for wollastonite powder in 2017. It is a key region
of the global wollastonite powder market, owing to strong presence of
manufacturers in Japan, China, and India. China is a key country of
the wollastonite powder market in Asia Pacific, due to high usage of
ceramics in the country.
Key players
operating in the global wollastonite powder market are Nordkalk,
Wolkem, Imerys, ACBM JSC, R.T. Vanderbilt Holding Company, Inc.,
Canadian Wollastonite, Xinyu South Wollastonite Co., Ltd, Changxing
Earth New Type of Material Co., Ltd., and Jilin Shanwei Wollastonite
Mining CO., LTD
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