Europe Kaolin Market Size & Outlook, 2023-2030
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Europe kaolin market highlights
- The Europe kaolin market generated a revenue of USD 1,270.0 million in 2023.
- The market is expected to grow at a CAGR of 3% from 2024 to 2030.
- In terms of segment, paper was the largest revenue generating application in 2023.
- Ceramics is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, Turkey is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 1,270.0 million |
| Market revenue in 2030 | USD 1,557.8 million |
| Growth rate | 3% (CAGR from 2023 to 2030) |
| Largest segment | Paper |
| Fastest growing segment | Ceramics |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Paper, Ceramics, Paint & Coatings, Fiber glass, Plastic, Rubber, Pharmaceuticals & medical, Cosmetics |
| Key market players worldwide | Basf SE, Minerals Technologies Inc, GL Sciences Inc, Imerys, EICL, KaMin Solutions, Sibelco, Thiele Kaolin Company |
Other key industry trends
- In terms of revenue, Europe region accounted for 31.9% of the global kaolin market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 2,614.9 million by 2030.
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Kaolin Market Scope
Kaolin Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Europe kaolin market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to kaolin market will help companies and investors design strategic landscapes.
Paper was the largest segment with a revenue share of 36.51% in 2023. Horizon Databook has segmented the Europe kaolin market based on paper, ceramics, paint & coatings, fiber glass, plastic, rubber, pharmaceuticals & medical, cosmetics covering the revenue growth of each sub-segment from 2018 to 2030.
Europe held the second-largest revenue share of 16.0% of the global kaolin market in 2022. The EU accounts for 1/6th of the global trade, with Germany, France, and Italy constituting 53% of the total EU economy. Despite the Russia-Ukraine conflict, energy crisis, and tight monetary conditions, the EU economy performed well toward the end of 2022.
Its GDP for 2023 and 2024 is forecasted to grow at 1.0% and 1.7%, respectively. The below chart depicts the real GDP of key economies in Europe for 2022 and the forecast for 2023 and 2024. The construction industry is a significant contributor to the GDP and also accounts for the largest share of kaolin demand in Europe.
The region had put efforts into infrastructural developments, however, as of June 2023, major countries in the region have been facing labor shortages, which are hampering construction activities. For instance, labor costs in Munich averages at EUR 74.8 (~USD 83.2) per hour and in Dublin it averages at EUR 43.8 (USD 48.7) per hour. Despite this, the industry is sustained by public investments with government efforts to stimulate growth, accommodate the growing population, and improve connectivity.
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Our clientele includes a mix of kaolin market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe kaolin market , including forecasts for subscribers. This continent databook contains high-level insights into Europe kaolin market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe kaolin market size, by country, 2018-2030 (US$M)
Europe Kaolin Market Outlook Share, 2023 & 2030 (US$M)
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