Wollastonite Powder Market to Perceive Substantial Growth During 2026
Wollastonite
is a naturally occurring mineral, which is yellowish brown to white
in color. It comprises silicon, calcium, and oxygen. It is commonly
referred to as calcium metasilicate. It has good strength, ability to
reduce crazing, and firing characteristics. The global wollastonite
powder market is expected to expand at a significant rate during the
forecast period, due to increase in the demand from the construction
industry. The market was valued at about US$ 180 Mn in 2017 and is
projected to expand at a CAGR of above 8.1% during the forecast
period.
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A
major factor driving the wollastonite powder market is growth of the
construction industry. Wollastonite has industrial significance
worldwide. The bulk demand for wollastonite is for use in floor and
wall tiles. Wollastonite decreases shrinkage and gas evolution during
firing. Wollastonite is used in small quantities in asbestos cement
products as a partial replacement for short fiber asbestos.
Furthermore, the rising demand for renovation of houses from the
construction industry in Asia has led to growing significance of
wollastonite powder manufacturers in the region. The revenue
generated by wollastonite powder manufacturers has increased
significantly over the last few years. This factor is estimated to
drive the market in Asia in the next few years.
Major
players operating in the wollastonite powder market have adopted
mergers and acquisitions as a key strategy to expand their network.
For instance, in 2017, the filtration & performance additives
business group of Imerys acquired Damolin, a Denmark’s based
company specialized in oil and chemical absorbents. Launch of new
products and facilities is likely to be a long-term strategy of
wollastonite powder manufacturers. For example, in 2017, Imerys
launched two new JetFil talc products viz. JetFil V625C and V700C.
These products offer outstanding lamellarity and reinforcement
performance. The company has invested in the new beneficiation
technology that has a low impact on the surrounding area with low
energy usage.
Wollastonite
powder is used in various applications such as ceramics, polymers,
paints, metallurgy, friction products, and construction. In the tiles
industry, wollastonite powder is employed in the manufacture of
ceramics to improve the performance of tiles. In polymers,
wollastonite powder increases the tensile and flexural strength, by
reducing the resin consumption. It also improves thermal and
dimensional stability at high temperatures. Wollastonite powder is
used as an additive in paints. It is used to increase durability of
the paint film. It also acts as a pH buffer. It improves resistance
to weather; reduces gloss and pigmentation; and acts as a flatting
and suspending agent. In metallurgy, wollastonite powder can serve as
a flux for welding; as a source of calcium oxide; and as a slag
conditioner. It also protects surface of the molten metal during
continuous casting of steel. Wollastonite powder is also employed as
a substitute for asbestos in floor tiles. The powder is resistant to
chemical attacks. It is inert and stable at high temperatures.
Geographically,
North America, Asia Pacific, and Europe are key regions for the
global wollastonite powder market. Asia Pacific was the rapidly
expanding market for wollastonite powder in 2017. It is a key region
of the global wollastonite powder market, owing to strong presence of
manufacturers in Japan, China, and India. China is a key country of
the wollastonite powder market in Asia Pacific, due to high usage of
ceramics in the country.
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Key
players operating in the global wollastonite powder market are
Nordkalk, Wolkem, Imerys, ACBM JSC, R.T. Vanderbilt Holding Company,
Inc., Canadian Wollastonite, Xinyu South Wollastonite Co., Ltd,
Changxing Earth New Type of Material Co., Ltd., and Jilin Shanwei
Wollastonite Mining CO., LTD.
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