The Wollastonite market will reach a valuation of US $ 366.46 million by 2031; A broad spectrum of physical and mechanical properties suitable for a multitude of end applications stimulates growth, according to TMR study
ALBANY, NY, December 14, 2021 / PRNewswire / – The significant increase in the production of ceramics for several consumer goods such as tiles, tableware, cookware, mugs and sanitary ware is fueling the growth of the wollastonite market. Wollastonite has several other applications such as paints and coatings, metallurgy, plastics, rubber manufacturing and friction products where it is used as a substitute for short fiber asbestos.
Wollastonite is full of mechanical properties. Wollastonite is resistant to chemical attack and remains stable at high temperatures. Wollastonite improves flexural strength and tensile strength; thus, it serves as an ideal substitute for asbestos in plastics, tiles and friction devices.
Asia Pacific is at the forefront of other key regions of the wollastonite market. China is the main contributor to the wollastonite market in the region with substantial demand from the construction and automotive end use industries. Asia Pacific The wollastonite market is expected to grow at a CAGR of 8.39% which is close to the estimated overall market growth rate of 8.79% during the forecast period (2021 – 2031).
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Wollastonite Market – Key Findings of the Report
Unique functional properties drive adoption
Wollastonite occurs primarily as prismatic crystals with unique characteristics that divide into massive to needle-like fragments. The advanced treatment of wollastonite has led to its use as one of the most versatile functional fillers among its counterparts.
Wollastonite exhibits properties to improve its physical properties, resin dispersion and advanced processing. Optimal wollastonite performance can be achieved by precisely matching the right coupling agent at the right concentration to the polymer system.
Wollastonite is also formed by crystallization from very high carbon molten rocks. Wollastonite is largely inert, it dissolves in concentrated hydrochloric acid. However, it does not react with other components of manufactured products during and after the production process.
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The gloss of commercial grade wollastonite is 85-90% that of the gloss standards of barium sulfate and magnesium oxide. Due to this property, wollastonite has minimal influence on the color of the product and can therefore be used as a white pigment.
This collectively explains that wollastonite is a preferred mineral for industrial applications.
Multiple end-use applications continue to drive demand
The multiple uses and high efficacy of wollastonite continue to create lucrative opportunities in the wollastonite market. Wollastonite is adopted by the automotive industry because it increases the dimensional stability, impact resistance and strength of auto parts, even if they are lightweight. In addition to this, wollastonite increases the scratch resistance of components and forms the strength of weld lines.
For applications in electrical and electronic components such as electrical connectors and computer installations, wollastonite enhances insulating properties and fire resistance.
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In paints and coatings, premium wollastonite provides anti-cracking, versatility, impact resistance, mechanical strengthening and gloss control due to their varying morphology and hardness.
Wollastonite is a sought after alternative to asbestos for thermal insulation due to its crystalline structure and physical properties which remain stable at temperatures up to 1120 Â° C.
Wollastonite Market – Growth Drivers
- Extensive applications of wollastonite in a large number of products across multiple end-use industries are fueling the growth of the wollastonite market
- Wollastonite is packed with physical and mechanical properties, making it ideal for use in thermal insulation applications
Wollastonite market – Key players
Some of the major players operating in the wollastonite market are Nordkalk corporation, ACBM JSC, Canadian Wollastonite, Lishu Dadingshan Wollastonite Co. Ltd., Jilin Shanwei Wollastonite Mining Co. Ltd., Wolkem, Imerys SA, Vanderbilt Holding Corporation Inc., Xinyu South Wollastonite Co. Ltd and Changxing Earth New Type of Material Co. Ltd.
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The wollastonite market is segmented as follows;
Wollastonite Market, By Application
- Plastic and rubber manufacturing
- Paints and coatings
- Metallurgical application
- Friction products
- Concrete manufacturing
- Others (synthetic bone implants)
Wollastonite market, by region
- North America
- Russia & SIC
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- GCC countries
- North Africa
- South Africa
- Rest of Middle East & Africa
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