Halloysite Market Analysis Report By Application, By Region And Segment Forecasts From 2018 To 2025

Industry Insights

The global halloysite market size was USD 29.1 million in 2017. It is projected to register a CAGR of 7.2% over the forecasted period, 2018 to 2025. Increasing demand for halloysites in applications across cosmetics, paints, and medical industries is expected to boost the market growth. Additionally, the growing usage of products in tissue engineering scaffolds is projected to foster market growth.

Manufacturers changing trends and high-quality products along with raw material production to meet the yearly demand of halloysite material are contributing to market growth. In addition, increasing raw materials extraction owing to spiraling demand for products is projected to positively impact the growth of the market.

In 2017, the U.S. constituted 75.0% of total ceramics consumption in terms of volume share in North America. The growing construction and building industry across the country is boosting the production of ceramic-based products.

European Commission agency has recognized the halloysite product as safe to use. In addition, the implementation of a regulatory framework regarding products is expected to spur market growth.

The market possesses a threat from substitutes like clays and kaolin, especially in the ceramic industry. Increasing consumption of products in the ceramics industry and limited availability of substitutes are expected to foster market growth. Moreover, the product is also utilized in cosmetics and medical applications.

Furthermore, rising investment in advanced halloysite products that are used in filtration, cosmetics, and medical applications is expected to augment the growth of the market. Additionally, growing spending in R&D activities for nanomaterials in medical applications is projected to bolster halloysite market growth.

Application Insights

Halloysite has high demand from the cosmetics industry, for manufacturing cosmetics like lotions, creams, and gels. The product offers immobilization of solid ingredients and liquid ingredients. Polymer manufacturers also utilize halloysite as an additive to enhance physical properties like strength and melting point. The product is used as a filter in polystyrene, polyethylene terephthalate, and polyvinyl chloride.

In addition, increasing demand for ceramics from the HORECA sector along with the high spending on home décor is boosting demand for halloysite. The ceramics application segment is projected to grow at a CAGR of 6.7% from 2018 to 2025, in terms of revenue. Halloysite nanotubes offer a high crystal shape and aspect ratio, which improves the strength of coatings & paints. The use of halloysite also eradicates fungal growth on the wall with the help of paint coatings. These benefits are projected to foster the demand for the product.

Regional Insights

In 2017, Asia Pacific led the market with the highest market share due to the increasing adoption of clays in the region. Europe's market is expected to lose its share to the developing countries owing to the declining growth of the healthcare sector across Germany, France, and Italy.

In Germany, the demand for halloysite is expected to witness significant growth. The increasing use of products in Li-ion batteries is gaining traction in the market. The growing adoption of electric vehicles is boosting the demand for batteries, which in turn, is supporting market growth.

In the Asia Pacific, the growing construction & building industry is driving the growth of ceramics. Additionally, low maintenance costs and product prices are projected to spur halloysite market growth.

Top brands such as Unilever and P&G have manufacturing units in China and India owing to lower manufacturing costs. These key companies offer a wide range of personal care and cosmetics products. Moreover, halloysites are widely used in moisturizing & personal care items as filler. This is expected to proliferate the demand for the product.

In 2017, Asia Pacific accounted for USD 17.4 million in the overall market. Additionally, the growing medical industry is boosting the demand for ceramics products.

Impact of COVID-19

COVID-19 outbreak has abruptly disrupted the supply chain of the market. Most of the ceramics, polymer manufacturers have shut down their production from February to April in 2020, especially across the Asia Pacific and European markets.

Coronavirus has caused an economic slowdown; thus, ceramic manufacturing companies are facing challenges due to a lack of working capital. In the Asia Pacific, China is a major player in the halloysite production industry. Disruption in the supply of raw materials in China and lack of labor force has impacted the market growth.

Halloysite Market Share Insights

The market is moderately competitive with the presence of limited players. Small manufacturers focus on developing products with enhanced quality which is boosting the demand for halloysite in the ceramics sector.

Halloysite clay is present in different grades based on its purity levels. Key players in the market focus on producing high-quality halloysite using advanced grade materials.

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2014 to 2025. For this study, Million Insights has segmented the global halloysite market report based on application and region:

• Application Outlook (Volume, Tons; Revenue, Thousand USD, 2014 - 2025)
    • Medical
    • Cosmetics
    • Ceramics
    • Polymers
    • Cement
    • Paints
    • Others

• Regional Outlook (Volume, Tons; Revenue, Thousand USD, 2014 - 2025)
    • North America
        • U.S.
        • Canada
        • Mexico
    • Europe
        • Germany
        • U.K.
        • France
    • The Asia Pacific
        • China
        • India
        • Japan
    • Central & South America
    • Middle East & Africa