Pyrophyllite Industry - Regional Synopsis
APAC Market Forecast
sia Pacific industry is expected to hold largest revenue share of 34% by 2037. The pyrophyllite market growth in the region is also expected on account of an increase in manufacturing activities and growth in investments by the foreign sector. Asia Pacific is the leading producer of pyrophyllite which has various applications including the paint and paper industry, used as a carrier of fertilizer agriculture sector by increasing the ability of soil to hold nutrients and reduce the leaching process. For instance, a sustainability report was published by Pittsburgh Plate Glass (PPG) company in 2020 which states that it has invested USD 13 million in Jiading, China coatings and paint facility which also includes 8 recently made powder coating production lines and an amplified powder coatings technology center that is going to elaborate PPG’s research and development abilities. Investments made by foreign traders are fueling the regional growth of pyrophyllite.
North American Market Analysis
North America pyrophyllite market is predicted to be the second largest, registering a share of about 25% by the end of 2037. expand the fastest during the forecast period. The market’s expansion in the region can be attributed majorly to the growing use of the latest ceramics in the electrical, electronic, and automotive industries. For instance, the United States exported ceramic products gained around USD 3 billion in 2022, and became the sixth largest producer of ceramic products in the world. Moreover, pyrophyllite is an adaptable mineral that has various vital applications in the ceramics industry. It is majorly used as a cost-effective replacement for kaolin clay and talc minerals. In addition, they are mostly used in sanitary ware, pottery, bricks, automobiles, and aerospace industries, which are estimated to grow rapidly resulting in a high production rate.
