Precedence Research recently published a report on “Wollastonite Powder Market (By Application: Ceramics, Polymers, Paints, Friction Products, Construction, Metallurgy, and Others) – Global Industry Analysis, Size, Share, Growth, Trends Analysis, Regional Outlook and Forecasts, 2021 – 2030”. Amid the COVID-19 crisis, the global wollastonite powder market value is projected to reach US$ 459.3 million by 2027, rising at a CAGR of 8.1% from 2020 to 2027.
Crucial factors accountable for market growth are:
– Increased applicability in plastics, and rubber applications.
– Wollastonite is acquiring popularity as a cost-efficient reinforcement material in ceramics and whitewares
– Companies in the wollastonite powder market are increasing their production capacities
– Increasing construction activities worldwide
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Key Findings of Wollastonite Powder Market
Wollastonite powder market has emerged as an attractive functional filler and lightweight reinforcing fillers for various architectural applications. For instance, high demand for high-quality calcium silicates are present in ceramics. The rise in demand for wollastonite powders in metallurgy, steel making, and in making floor tiles has spurred the growth prospects in the market.
There is a growing focus on developing products that can meet the specific functional needs in major end-use industries. The plastics and coatings industries have attracted the attention of players in recent years. In addition, manufacturers are notably focusing on meeting the needs of functional additives for waterborne and solvent-borne systems, as well as in the size and shape of the powder. For instance, brands are keen on increasing the in-can stability of wollastonite powder.
The players in the wollastonite powder market have been witnessing stiff competition from substitutes such as steel fibers, ceramic fibers, and glass fibers. Thus, manufacturers are keen on improving the cost-efficiency of their products as well the functional features where these products will be utilized. Moreover, they are engaging with distributors in order to tap into the vast revenue streams in countries with rapidly rising construction industries. Asia Pacific has thus become a hotbed of opportunities. The growing focus of governments in the Middle East countries to provide affordable housing has also spurred the use of wollastonite powders in a range of construction materials in recent years.
Key Takeaways
COVID-19 Impact on Global Wollastonite Powder Market
The COVID-19 explosion has had an impact on world’s primary markets. COVID-19 effect on the global industry is adverse. The North America is largest wollastonite powdermarket, but supply and demand for the wollastonite powder has decreased with spread of covid and lockout situations in the U.S.Because of COVID-19, instability of the supply chain, volatility in the supply of raw materials, inadequate manpower in the production facility and less demand for end-use customers have hindered the growth of the target industry in developed and developing economies worldwide. However, after the launch of covid vaccine, companies are coming back to their original position by resuming to the work with greater speed. Hence, in the post covid world, construction activities are increasing again that are boosting demand for the wollastonite powder and driving industrial growth.
Top Players contending in the Market:
Major market companies are aiming towards the innovative advancements in order to enhance position in the target industry. Major companies are:
Forimproved status of wollastonite powder, and strategies accepted by Precedence Research projected the upcoming growth of the wollastonite powder market.
| Report Highlights | Details |
| Market Size | US$ 459.3 Million by 2030 |
| Growth Rate | CAGR of 8.1% From 2021 to 2030 |
| Base Year | 2020 |
| Forecast Period | 2021 to 2030 |
| Segments Covered | Application |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, Latin America |
| Companies Mentioned | Wolkem, R.T. Vanderbilt Holding Company, Inc., Nordkalk Corporation, ACBM JSC, Imerys, Canadian Wollastonite, Xinyu South Wollastonite Co., Ltd. |
Major Market Segments Covered:
By Application
By Geography
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. DataSources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Wollastonite powder Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
Chapter 5. COVID 19 Impact on Wollastonite powder Market
5.1. Covid-19: Wollastonite powder Industry Impact
5.2. Wollastonite powderBusiness Impact Assessment: Covid-19
5.2.1. Services Challenges/Disruption
5.2.2. Market Trends and Wollastonite powderOpportunities in the COVID-19 Landscape for Major Markets
5.3. Strategic Measures against Covid-19
5.3.1. Government Support and Initiative to Combat Covid-19
5.3.2. Proposal for Wollastonite powder Market Players to deal with Covid-19 Pandemic Scenario
Chapter 6. Wollastonite powder Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.1.1. Increased applicability in plastics, and rubber applications.
6.1.1.2. Wollastonite is acquiring popularity as a cost-efficient reinforcement material in ceramics and whitewares
6.1.1.3. Companies in the wollastonite powder market are increasing their production capacities
6.1.2. Market Restraints
6.1.2.1. Stringent regulation regarding the greenhouse gas emissions
6.1.3. MarketOpportunities
6.1.3.1. Major companies are focusing on broadening their product portfolio
Chapter 7. Global Wollastonite powder Market: Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.1.1. Wollastonite powder Market Revenue by Market Players (2017 – 2020)
7.1.1.2. Wollastonite powder Market Revenue Market Share by Market Players (2017 – 2020)
7.1.2. Key Organic/Inorganic Strategies Adopted by Players
7.1.2.1. Product Portfolio Expansion, Geographic Expansion, Process Innovation
7.1.2.2. Merger and Acquisition, Collaboration and Partnerships
7.1.3. Market Players Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of End-users
Chapter 8. Global Wollastonite powder Market, By Application
8.1. Wollastonite powder Market, by Application, 2017-2030
8.1.1. Ceramics
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Polymers
8.1.2.1. Market Revenue and Forecast (2017-2030)
8.1.3. Paints
8.1.3.1. Market Revenue and Forecast (2017-2030)
8.1.4. Friction Products
8.1.4.1. Market Revenue and Forecast (2017-2030)
8.1.5. Construction
8.1.5.1. Market Revenue and Forecast (2017-2030)
8.1.6. Metallurgy
8.1.6.1. Market Revenue and Forecast (2017-2030)
8.1.7. Others
8.1.7.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Wollastonite powder Market, Regional Estimates and Trend Forecast
9.1. North America
9.1.1. Market Revenue Forecast by Application (2017-2030)
9.1.2. U.S
9.1.2.1. Market Revenue Forecast (2017-2030)
9.1.3. Canada
9.1.3.1. Market Revenue Forecast (2017-2030)
9.2. Europe
9.2.1. Market Revenue Forecast by Application (2017-2030)
9.2.2. UK
9.2.2.1. Market Revenue Forecast (2017-2030)
9.2.3. Germany
9.2.3.1. Market Revenue Forecast (2017-2030)
9.2.4. France
9.2.4.1. Market Revenue Forecast (2017-2030)
9.2.5. Rest of EU
9.2.5.1. Market Revenue Forecast (2017-2030)
9.3. Asia Pacific (APAC)
9.3.1. Market Revenue Forecast by Application (2017-2030)
9.3.2. China
9.3.2.1. Market Revenue Forecast (2017-2030)
9.3.3. India
9.3.3.1. Market Revenue Forecast (2017-2030)
9.3.4. Japan
9.3.4.1. Market Revenue Forecast (2017-2030)
9.3.5. Rest of APAC
9.3.5.1. Market Revenue Forecast (2017-2030)
9.4. LATAM
9.4.1. Market Revenue Forecast by Application (2017-2030)
9.4.2. Brazil
9.4.2.1. Market Revenue Forecast (2017-2030)
9.4.3. Rest of LATAM
9.4.3.1. Market Revenue Forecast (2017-2030)
9.5. Middle East and Africa (MEA)
9.5.1. Market Revenue Forecast by Application (2017-2030)
9.5.2. GCC
9.5.2.1. Market Revenue Forecast (2017-2030)
9.5.3. North Africa
9.5.3.1. Market Revenue Forecast (2017-2030)
9.5.4. South Africa
9.5.4.1. Market Revenue Forecast (2017-2030)
9.5.5. Rest of MEA
9.5.5.1. Market Revenue Forecast (2017-2030)
Chapter 10. Company Profiles
10.1. Wolkem
10.1.1. Company Overview, Business Information, Regional Presence
10.1.2. Product Portfolio Analysis
10.1.2.1. Product Details, Specification, Product Type
10.1.3. Revenue, Price, and Gross Margin (2017-2020)
10.1.4. Recent Developments and Strategies
10.2. R.T. Vanderbilt Holding Company, Inc.
10.2.1. Company Overview, Business Information, Regional Presence
10.2.2. Product Portfolio Analysis
10.2.2.1. Product Details, Specification, Product Type
10.2.3. Revenue, Price, and Gross Margin (2017-2020)
10.2.4. Recent Developments and Strategies
10.3. Changxing Earth New Type of Material Co., Ltd.
10.3.1. Company Overview, Business Information, Regional Presence
10.3.2. Product Portfolio Analysis
10.3.2.1. Product Details, Specification, Product Type
10.3.3. Revenue, Price, and Gross Margin (2017-2020)
10.3.4. Recent Developments and Strategies
10.4. Nordkalk Corporation
10.4.1. Company Overview, Business Information, Regional Presence
10.4.2. Product Portfolio Analysis
10.4.2.1. Product Details, Specification, Product Type
10.4.3. Revenue, Price, and Gross Margin (2017-2020)
10.4.4. Recent Developments and Strategies
10.5. Jilin Shanwei Wollastonite Mining CO., LTD.
10.5.1. Company Overview, Business Information, Regional Presence
10.5.2. Product Portfolio Analysis
10.5.2.1. Product Details, Specification, Product Type
10.5.3. Revenue, Price, and Gross Margin (2017-2020)
10.5.4. Recent Developments and Strategies
10.6. ACBM JSC
10.6.1. Company Overview, Business Information, Regional Presence
10.6.2. Product Portfolio Analysis
10.6.2.1. Product Details, Specification, Product Type
10.6.3. Revenue, Price, and Gross Margin (2017-2020)
10.6.4. Recent Developments and Strategies
10.7. Imerys
10.7.1. Company Overview, Business Information, Regional Presence
10.7.2. Product Portfolio Analysis
10.7.2.1. Product Details, Specification, Product Type
10.7.3. Revenue, Price, and Gross Margin (2017-2020)
10.7.4. Recent Developments and Strategies
10.8. Canadian Wollastonite
10.8.1. Company Overview, Business Information, Regional Presence
10.8.2. Product Portfolio Analysis
10.8.2.1. Product Details, Specification, Product Type
10.8.3. Revenue, Price, and Gross Margin (2017-2020)
10.8.4. Recent Developments and Strategies
10.9. Xinyu South Wollastonite Co., Ltd.
10.9.1. Company Overview, Business Information, Regional Presence
10.9.2. Product Portfolio Analysis
10.9.2.1. Product Details, Specification, Product Type
10.9.3. Revenue, Price, and Gross Margin (2017-2020)
10.9.4. Recent Developments and Strategies
Chapter 11. Appendix
11.1. About Us
11.2. Glossary of Terms
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