Calcium metasilicate Market to Hit USD 366.46 Million by 2031; Key Members Include are Nordkalk Corporation, Wolkem, Imerys S.A. etc
Wollastonite
Market: Introduction
Transparency Market Research delivers key insights
on the global wollastonite market. In terms of revenue, the global wollastonite
market is estimated to expand at a CAGR of 8.79% during the
forecast period, owing to numerous factors, regarding which TMR offers thorough
insights and forecasts in its report on the global wollastonite market.
The global wollastonite market is broadly affected
by several factors, including usage of wollastonite in various applications
such as ceramics, paints & coatings, plastics & rubber manufacturing,
metallurgical, and friction products. The rise in global demand for ceramics
has led to a significant growth in the usage of wollastonite to increase the
production output. The growth in production and demand for ceramics &
related products is expected to be the primary driver for the expansion of the
wollastonite market.
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Wollastonite
Market: Dynamics
Wollastonite is primarily used in the production of
ceramics. The global demand for ceramics has been increasing at a significant
pace. This is boosting the production of wollastonite in several countries.
Thus, the increase in the production of tiles, mugs, tableware, cookware, and
sanitary ware is propelling the global wollastonite market.
Wollastonite is being increasingly used as a
substitute for short-fiber asbestos in fire-resistant wall boards, cement
products, and friction products. Wollastonite is an important additive in
friction products such as brake pistons, brake linings, and clutches. In North
America, asbestos formulations for friction products are being replaced by
wollastonite owing to the latter’s low thermal conductivity and high aspect
ratio structure. Additionally, outside the U.S., wollastonite is also being
used to replace asbestos in gaskets.
Wollastonite is resistant to chemical attacks and
stable at high temperatures. It improves flexural and tensile strength, making
it an ideal substitute for asbestos in products such as insulation for boards
and panels, paints & coatings, plastics, roofing tiles, and friction
devices (brakes and clutches). Furthermore, the crystal structure and physical
properties of wollastonite are stable nearly at 1,120°C, making wollastonite an
ideal alternative to asbestos in thermal insulation applications.
Wollastonite
Market: Prominent Regions
Asia Pacific dominates the global wollastonite
market. The market in the region is anticipated to expand at a CAGR of more
than 8.39% during the forecast period. The increase in the
demand for wollastonite in various end-use industries such as construction and
automotive is driving the wollastonite market in Asia Pacific. China is a key
wollastonite market in Asia Pacific. It held major share of the wollastonite
market in Asia Pacific in 2020. The country is estimated to
maintain its dominant position in the region during the forecast period.
North America is also a prominent region of the
global wollastonite market. The U.S. led the wollastonite market in North
America in 2020. The presence of a large number of wollastonite
manufacturers is driving the demand for wollastonite in North America.
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Wollastonite
Market: Key Players
The global wollastonite market is consolidated with
the presence of key players. Prominent players operating in the global
wollastonite market include Nordkalk Corporation, Wolkem, Imerys S.A., ACBM
JSC, R.T. Vanderbilt Holding Company Inc., Canadian Wollastonite, Xinyu South
Wollastonite Co., Ltd, Lishu Dadingshan Wollastonite Co. Ltd, Changxing Earth
New Type of Material Co., Ltd, and Jilin Shanwei Wollastonite Mining CO., LTD.
Global Wollastonite
Market: Segmentation
Wollastonite
Market, by Application
·
Ceramics
·
Plastic & Rubber Manufacturing
·
Paints & Coatings
·
Metallurgical Application
·
Friction Products
·
Concrete Manufacturing
·
Others (Synthetic Bone Implants)
Unique Characteristics with Minimum Impact on Products Fuel Wollastonite
Market Growth
Wollastonite,
a calcium metasilicate (CaSiO3), has a theoretical composition of calcium oxide
and silicon dioxide, but may contain trace to lesser amounts of aluminum, iron,
magnesium, manganese, potassium, and sodium. Wollastonite primarily occurs as
prismatic crystals with unique characteristics that divide into
massive-to-acicular fragments. Due to advanced processing, it has grown into
one of the most versatile functional fillers in the global marketplace.
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Wollastonite
is primarily used to increase the performance of several products, including
plastics, paints & coatings, construction materials, friction, ceramic, and
metallurgical applications. However, optimum performance is produced by
accurately matching the suitable coupling agent at the right concentration
level to the polymer system.
Nevertheless,
the advantages of surface-modified wollastonite are enhanced physical
properties, advanced processing, and improved dispersion of the resin. The
growing production and consumption of ceramic-based products across the world
is anticipated to boost the global wollastonite market during the forecast
period.
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