Wollastonite is made up of silicon, calcium, and oxygen. It has good strength, crazing resistance, and firing characteristics. Wollastonite has many useful properties such as white coloration and high brightness, oil absorption, low moisture, and low volatile content. Wollastonite powder has many uses in ceramics, paints, metallurgy, construction, and many other sectors.
MARKET SCOPE
The "Global Wollastonite Powder Market Analysis to 2028" is a specialized and in-depth study of the chemical and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the wollastonite powder market with detailed market segmentation by application and geography. The report provides key statistics on the market status of the leading wollastonite powder market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on application, the global wollastonite powder market is segmented into ceramics, polymers, paints, metallurgy, friction products, construction, and others.
MARKET DYNAMICS
Drivers:
- Growth of the global construction industry is a key factor driving the global wollastonite powder market.
- The expansion in the global paint industry is significantly contributing to the expansion of the wollastonite powder market.
- Improvement and advancement in advanced high strength steels (AHSS) will create lucrative growth opportunities for wollastonite powder manufacturers.
- Rising demand of wollastonite powder from various end use industries is also propelling the demand of wollastonite powder.
Restraints:
- High cost of processing of wollastonite in the commercial form is hampering the wollastonite powder market.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The wollastonite powder market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the wollastonite powder market in these regions.
IMPACT OF COVID-19 ON WOLLASTONITE POWDER MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 pandemic has affected major chemicals and material industries, including wollastonite powder. Owing to the current pandemic situation, many companies in the wollastonite powder industry are experiencing limitations in manufacturing and production activities, as well as logistical problems as a result of ongoing trade restrictions. However, with opening several markets across the globe, vaccination development, and initiatives taken by various governments to support economic and industrial growth, the future demand of the wollastonite powder market is anticipated to grow at a positive and steady pace in the coming years.
MARKET PLAYERS
The report covers key developments in the wollastonite powder market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from wollastonite powder market are anticipated to lucrative growth opportunities in the future with the rising demand for wollastonite powder in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the wollastonite powder market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- ACBM JSC
- Canadian Wollastonite
- Changxing Earth New Type of Material Co., Ltd.
- Imerys
- Jilin Shanwei Wollastonite Mining CO., LTD.
- Keiwa Fine Material Co., ltd.
- Nordkalk Corporation
- R.T. Vanderbilt Holding Company, Inc.
- Wolkem
- Xinyu South Wollastonite Co., Ltd