World News: 12:37 GMT Friday 9th November 2018. [Research and Markets via Globe Newswire via SPi World News]
Dublin, Nov. 09, 2018 (GLOBE NEWSWIRE) -- The report has been added to offering. The global halloysite market size is expected to reach USD 50.21 million by 2025, progressing at a CAGR of 7.2% during the forecast period. Booming construction industry in Asia Pacific is leading to increase in the demand for ceramic products, which in turn, is expected to boost the growth of the market.The market exhibits a high degree of integration from raw material supply to processing and distribution of the product. All major manufacturers in the industry are involved in raw material extraction, which is directed wholly to captive consumption. Key industry players are also involved in collaborations with large clay manufacturing and distributing companies on profit sharing basis.Legal regulations governing the industry approve use of halloysite for use in critical & semi-critical applications such as medical and cosmetics. Buyers in the market are sensitive to product quality and lay minimal emphasis on price. As a result, the product price is found to vary extensively in accordance with application for which it is supposed to be used.The market is subject to regulations pertaining to mining and processing of the product. Increasing concerns regarding impact of unsustainable mining practices for the extraction of halloysite and other clays are expected to result in a limited production, which is further likely to limit the growth of the market over the forecast period.
Laura Wood, Senior Press Manager
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Related Topics: Metals and Minerals, Clay and Porcelain
Globe Newswire: 12:37 GMT Friday 9th November 2018
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