Chemical

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 market. The wollastonite market is expected to grow with a CAGR of 6.9% from 2021 to 2027. The major drivers for this market are increasing building and construction activities and growth in automotive production.

In this market, natural and synthetic wollastonite are used as filler and performance additive in polymer, ceramic, paint and coating, and metallurgy applications. Lucintel forecast that natural wollastonite will remain the largest product type segment due to growth in polymer, ceramic, and paint and coating applications. Synthetic wollastonite is expected to witness the highest growth during the forecast period because synthetic wollastonite are synthesized by internal heat and their formula for each batch can be controlled, which gives better quality consistency.

Within the wollastonite market, polymer is expected to remain the largest application segment, and it is also projected to witness the highest growth over the forecast period, driven by the growth in demand for plastics in automotive interior, exterior and under the hood applications.

Asia Pacific is expected to remain the largest region by value and volume, and it will experience the highest growth over the forecast period, supported by growth in ceramic products, such as wall and floor tiles and sanitary ware.

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 providers.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global wollastonite market by application, product type, aspect ratio, end use industry, and region. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in the Global Wollastonite Market 2022-2027: 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 global wollastonite market by application, product type, aspect ratio, end use industry, and region as follows:




































 

This 186-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 write us at 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.

This report answers following 11 key questions:

Q.1 What are some of the most promising potential, high growth opportunities for the global wollastonite market by application (polymer, ceramic, paint and coating, metallurgy, and others), product type (natural and synthetic), aspect ratio (high aspect ratio and low aspect ratio), end use industry (automotive, building and construction, industrial, electrical and electronics, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2 Which segments will grow at a faster pace and why?

Q.3 Which regions will grow at a faster pace and why?

Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?

Q.5 What are the business risks and threats to the market?

Q.6 What are the emerging trends in this market and the reasons behind them?

Q.7 What are the changing demands of customers in the market?

Q.8 What are the new developments in the market? Which companies are leading these developments?

Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?

Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?

Q.11 What M & A activities have taken place in the last 5 years in this market?