Pyrophyllite Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Pyrophyllite Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The pyrophyllite market is expected to register a CAGR of over 7% during the forecast period. One of the main factors driving the market is the growing demand for pyrophyllite from ceramics across major economies. However, health issues due to pyrophyllite dust during mining are expected to hinder the market's growth.

Key Highlights

• By application, pyrophyllite in ceramics is expected to dominate the market over the forecast period.
• The growing demand for pyrophyllite as an alternative to talc and kaolin in the refractory and foundry industry is likely to act as an opportunity for the market studied in the coming years.
• Asia-Pacific region is expected to dominate the market with the largest consumption from countries like China and India.

Key Market TrendsGrowing Demand of Pyrophyllite from Ceramics in Global Market

• Pyrophyllite is an early time changeable mineral and is very normal as a great mineral. It is found as a constituent of slate, phyllite, a few schists, and other early-stage metamorphic rocks.
• Pyrophyllite is used as a raw material in ceramic as it lowers firing temperature, reduces thermal expansion and shrinking and cracking, and improves thermal shock resistance. Additionally, the finished product has a high degree of vitrification and good mechanical resistance.
• Demand for pyrophyllite from ceramic is likely to increase in the construction and automotive industry in the coming years due to its properties such as toughness, hardness, electrical resistance, and chemical inertness.
• Hence, due to the above-mentioned factors, low friction coating in the automotive industry is likely to dominate during the forecast period.

Asia-Pacific Region to Dominate the Market

• Asia-Pacific region is expected to dominate the market during the forecast period. The rising demand for pyrophyllite with the growing use of ceramics in the construction industry in countries like China and India is expected to drive pyrophyllite in this region.
• The largest producers of pyrophyllite are based in the Asia-Pacific region. Some of the leading companies in the production of pyrophyllite are Khajuraho Minerals Pvt. Ltd, Jindutt Minerals Pvt. Ltd (JMPL), Eastern Minerals, and Jushi Group, among others.
• India has a requirement of investment worth USD 646 billion in the infrastructure sector by 2022, 70 percent of which will be required in the power, roads, and urban infrastructure sectors.
• China is the largest country among the ceramic tiles producing countries in the world. The fierce competition in the domestic and export markets is forcing ceramic producers to improve their production process and product quality.
• Owing to the above-mentioned factors, the market for pyrophyllite in the Asia-Pacific region is projected to grow significantly during the study period.

Competitive Landscape

The pyrophyllite market is partially consolidated, with only a few major players dominating the market. Some of the major companies are Trinity Resources Ltd, Khajuraho Minerals Pvt. Ltd, Shibang Industry & Technology Group Co. Ltd, Vanderbilt Minerals, and Wonderstone Ltd Company, among others.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

Companies Mentioned
 
Trinity Resources Ltd
Vanderbilt Minerals LLC
Wonderstone Ltd
Khajuraho Minerals Pvt. Ltd
SKKU
Shibang Industry & Technology Group Co. Ltd
Imerys Ceramic
Goodfellow
Jindutt Minerals Pvt. Ltd (JMPL)
Eastern Minerals
Jushi Group

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