Rise in Ceramic Industry Augments the Growth of Global Halloysite Market

San Francisco, California, September 19, 2018: The global halloysite market is likely to witness a surge in market product during the forecast period 2018 – 2028, owing to its easy availability and low costs, notices TMR Research in their report titled, “Halloysite Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018-2028”.

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One of the major driver that is pushing the global halloysite market is its structure which is similar to kaolinite, thus making it ideal for nanomaterial applications. Halloysite is majorly used for producing products made out of ceramic. Lack of titania and iron accompanied with excellent purity has made it the best option for producing white ceramic products. Halloysite has also paved its way in the high tech ceramic application which is likely to expand in future. The market also gets a boosts from the heavy usage of the material as a suspending agent in the production of glaze. Rapid technological advancement associated to the processing and production of halloysite is favoring the growth of the market. This is particularly helping the halloysite to find various applications.

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Apart from these, halloysites are known to be used in various industries such as paints and coatings, medicine, cosmetics, ceramics, and electronics. The material has also gained traction through its usage in tissue engineering as researchers have found a way to utilize the material for the production of tissue engineering scaffolds. However, it has been noticed that volatile cost of the raw material is erecting a road block in the path of market growth. Availability of substitutes such as Kaolin and various types of clay which are traditionally used for ceramics are anticipated to deter the growth of the market. Although, heavy investments in research and development activities focused at integrating nanomaterials in medical applications is expected to favor the market.