Global halloysite market size is anticipated to reach USD xx.xx Mn by 2025, progressing at a CAGR of x.x% during the forecast period. Up surge demand for halloysite in novel applications in the cosmetics, medical and paints industries is expected to drive the market in the upcoming future. Additionally, manufacturers have increased in acknowledging the use of the product in producing tissue engineering scaffolds, which will spur the growth of the market. Halloysite market could receive a strong push with growing research and development investment for the inclusion of nanomaterials in medical applications. Finite quantity available for substitute products and heightened consumption in the ceramics industry are anticipated to up the demand of halloysite market. Moreover, other factors working in favor of the market are, halloysite got the tag of safe to be used in number of niche and crucial applications by authoritative agencies such as the European Commission.
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Amount of production of raw material varies annually with the changing trends, so as to meet the annual demand for halloysite material. Integration of manufacturers to the raw material supply leads to its abundance, which benefits the overall market growth. Apart from this, rising raw material extraction because of spiraling product demand is expected to work positively for the market.
Furthermore, the halloysite industry is characterized as limited number of players. Competition of small-scale companies is based on the product quality because of product manufactured relies on the mine from where the material is extracted. The demand for halloysite chiefly in ceramic product manufacturing companies. Halloysite production comes under volatility due to the lack of commercialization.
Geographically, North America holds three quarters of the overall consumption of ceramics. The halloysite market share of the U.S. will be dominated by North America owing to higher production of ceramic ware and other ceramic-based products driven by construction industry and booming building quantity. Europe is envisioned as losing halloysite market share to other developing economies like Asia Pacific due to the escalated adoption of specialized clays. Deteriorated growth of healthcare industry in countries including France and Italy is projected to impact negatively on market growth.
In the upcoming time, Germany is poised to evidence a higher growth on account of widened scope of applications. Halloysite’s use as an ingredient in Li-ion batteries has encouraged abundant investors to invest on the product. Coupled with growing demand for electric cars which are known as primary users of the product is further expected to flare up the demand of halloysite.
Leading brands such as P&G and Unilever have their manufacturing houses based out of China owing to the lower manufacturing cost and as a result the country has become a major manufacturing hub for cosmetics manufacturers. Prominent players operating the market include Reade International Corp., I-Minerals Inc., Applied Minerals Inc. and American Elements, Living Nature, BASF SE, NaturalNano Corp. Other major players engaged into research and development, mergers & acquisitions and strategic alliances so as to attract higher market share in the global halloysite market.
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What to expect from the upcoming report on ‘Global Halloysite Market:
– Future prospects and current trends of the global halloysite market by the end of forecast period (2018-2025)
– Information regarding technological progressions as well as innovations taking place in developing economies
– Supportive initiatives by government likely to influence the market dynamics
– Trends, drivers, opportunities, restraints, challenges and key developments in the market
– In-depth analysis of different market segmentations including regional segmentations, and product types
– Deep analysis about the competitive landscape of the market and the initiatives by them to improve this market
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