Kyanite Market: Introduction
Kyanite is a mineral used for manufacturing refractory products such as mortars and bricks used in a high-temperature furnace. It has heat resistance properties which makes it significant material for automotive and railroad industries.
Kyanite finds major application as an abrasive in semiconductors and insulators. Increasing demand for electronic & electrical goods is expected to surge the demand for Kyanite during the forecast period.
Kyanite is known as a ceramic and refractory product mainly found in metamorphic rocks. Besides, it used as an affordable alternative to the expensive gemstone. India has the largest Kyanite deposit in the world with a production of around 7,800 tons during 2017-2018.
Followed by India, US is the leading producer of Kyanite, other Kyanite producing countries are Burma, Austria, Brazil, India, Kenya, Cambodia, Myanmar, Russia, Nepal, Serbia, Tanzania, and Switzerland. Kyanite Mining Corporation (KMC) is one of the largest Kyanite producing companies in the world.
Kyanite Market: Dynamics
Increasing the use of Kyanite as abrasive in the electronic and electrical industry is driving the growth of the market. Robotic and automation is an emerging trend in the electronics market which has surged the demand for insulating material in the electronics industry.
The rise in the digital economy and advancement in technology has accelerated the growth of the electrical and electronic industry which is anticipated to fuel the global Kyanite market.
Kiln Furniture functional as a healing process for the production of Kyanite in used to make kiln furniture, the demand for kiln furniture in the manufacturing of consumer and industrial goods is expected to surge the demand for Kyanite in ceramic and refractory products during the forecast period.
Heat resistance properties of Kyanite makes it an ideal application for brake shoes and clutch facing used in railway. Government investment in the expansion of railroads to support railway freight particularly in developing countries has surged the usage of Kyanite in the railroad industry.
Kyanite mining companies are rapidly expanding in recent years owing to the high demand for the product in the refractory and ceramic industry.
Few established companies in the market are expanding their distribution network by partnering with end-use industries. Thus, key development strategies in the industry are expansion and partnership. The propensity to substitute Kyanite is low which has increased the bargaining power of supplier keeping it moderate to high.
COVID-19 crisis impact
With the slowdown of mining, industrial and manufacturing sectors production output especially related to automotive and transportation due to COVID-19 crisis in turn will have a retarding effect on the growth of Kyanite market for the year 2020. The market recovery is expected to take a longer span involving next 6 quarters.
Kyanite Market: Regional Overview
In North America, the US has a large deposit of kyanite which is used in high-temperature applications such as ceramics, foundries, investment casting, kiln furniture, and refractories.
Asia-Pacific kyanite mining activities in India, Burma, and Nepal have been increasing owing to huge demand in automotive, electrical & electronics, and railroad industries. Latin America is one of the leading producers of electrical and electronic products, high demand for kyanite as abrasive as an insulating material is driving the regional demand.
Europe has a large number of automobile manufacturers increasing the use of kyanite in automotive as insulating and heat resistance materials i.e. spark plug is anticipated to boost demand. The Middle East & Africa kyanite market is estimated to witness steady growth due to increasing demand from consumer electronic products
Kyanite Market Participants
Some of the market participants identified in the global kyanite market include
- Kyanite Mining Corporation
- Great Wall Mineral
- Anand Talc & Steatite Pvt Ltd
- Tianjin Summit Chemical
- Zhejiang Jiangbei Pharmaceutical Co., Ltd.
- Jiangbei Chemical
- Shandong Yanggu Huatai Chemical Co Ltd
- Xingtai xingguo Kyanite manufacturing Co., LTD,
The research report presents a comprehensive assessment of the kyanite market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.
The report also contains projections using a suitable set of assumptions and methodologies.
The global kyanite market report covers exhaust analysis on:
- Kyanite market – Segments
- Market dynamics
- Kyanite market size
- Current trends/issues/challenges in the market
- Competition & companies involved in Kyanite market
- Kyanite market – Value chain
Regional Kyanite market analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil)
- Europe (Germany, Italy, France, U.K., Spain, Russia)
- East Asia (China, Japan, South Korea)
- South sia (India, Thailand, Malaysia, Philippines)
- Oceania (Australia and New Zealand)
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
The Kyanite market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts and inputs from industry experts and industry participants across the value chain.
The report provides an in-depth analysis of parent market trends, macro-economic indicators and governing factors along with the market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Kyanite market report highlights:
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current, and projected Kyanite market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on Kyanite market performance
- Must-have information for Kyanite market players to sustain and enhance their market footprint
Kyanite Market: Segmentation
The global kyanite is segmented based on kyanite Type, application and end-use.
On the Basis of Kyanite Type
On the Basis of Application
On the Basis of End-use
- Electrical & electronic
Market Research Methodology - Perfected through Years of Diligence
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