Kyanite Market Share

North American Market Forecast

North America industry is estimated to hold largest revenue share by 2037, backed by growing production of kyanite. For instance, an estimated 81,000 tonnes of kyanite were produced in 2021 in Virginia by one company with integrated mining and processing operations. This surge in the production of kyanite is backed by rising demand from the railroad and electronic industries.

APAC Market Statistics

The kyanite market in Asia Pacific is estimated to have remarkable growth in the near future. The region is anticipated to grow significantly as a result of increased demand from end-use sectors including the automobile, aerospace, building, and electronics. Due to its easy access to low-cost raw materials and its extensive mineral deposits, China was one of the world's major consumers and producers. Rapid urbanization and population growth have raised the demand for consumer goods such as smartphones, laptops, and other gadgets. Over the projection period, this demand is expected to drive product consumption across a variety of applications, including ceramic ware and casting products.