About Kyanite
It is produced from hard-rock open-pit mines. The major part of produced kyanite is utilized in refractories and few percent are utilized in other applications. From refractory application around 60 percent is utilized in iron making and steel making in the manufacturing of chemicals, glass, nonferrous metals, and other materials. In the United States, its mining production is increased from the last few years and export is also increasing. The major important is done by South Africa. There is slight competition from its substitute products such as synthetic mullite, and super-duty fire clays.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The global folder-gluer belts market is highly competitive and consists of some key players. In terms of market share, few of the key players presently dominate the global market. These market players are leveraging on strategic collaborative creativities to intensification their market share and escalation their profitability. Analyst at AMA Research estimates that China Vendors will contribute the maximum growth to Global Kyanite market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Kyanite Mining Corporation (United States), Anand Talc (India), Alroko (Germany), Great Wall Mineral (China), Henan Tongbaishan (China), Xingtai Xingguo (China), ASR Minerals (Australia) and Kohat Mining Company (India) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Oriental trading Company (United States) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Kyanite market by Type (Raw Kyanite and Calcined Kyanite), Application (Electronics, Ceramics, Casting, Fireproofing, Electric Components and Refectory products) and Region.
On the basis of geography, the market of Kyanite has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Color, the sub-segment i.e. Blue Kyanite will boost the Kyanite market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
High Adoption of Blue Kyanite
Market Growth Drivers:
Increasing urbanization and industrialization for increasing demand for ceramics and fireproof products. The growth in the steel industry across the globe from the last few years is driving the demand of kyanite in the Asia Pacific region, majorly in China because of its leading producer of steel.
Challenges:
Fluctuation in Foreign Currency Exchange Rates
Restraints:
High Production Cost
Opportunities:
High Growth in Digitization and Automation, Along With Growing Demand of Abrasive in Insulators and Semiconductors and Strong Opportunity in the Asia Pacific Because Of Increasing Number of Electronics Companies
Market Leaders and their expansionary development strategies
In March 2024, Troy Minerals Inc., announce it has completed the staking of a new property highly prospective for rare-earth elements. The Property is 100% owned by the Company and is unencumbered by any royalties at the present time.
In October 2019, Kyanite Investment Holdings Pte. Ltd. has signaled its intent to make a partial offer to acquire 30.55% of shares in Keppel Corporation Limited at USD 7.35 per share in cash. If the share purchase bid is a success then KIH could end up owning 51% of Keppel, giving it controlling interest.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Kyanite Manufacturers, Suppliers and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.