Global halloysite market is anticipated to grow at a CAGR of 6.5% during the forecast period (2024-2031). A major factor supporting the growth of the market is the usage of halloysite in coating applications is growing in popularity due to its unique properties that enhance coating performance and existence. Halloysite is an excellent filler for reinforcement in coatings due to its wide surface area and aspect ratio, which provides improved mechanical strength, scratch resistance, and barrier characteristics. Additionally, halloysite’s tubular structure makes it easier to encapsulate and release active compounds in a regulated way, such as corrosion inhibitors or antibacterial agents, increasing the efficacy of protective coatings.
For instance, in 2023, Applied Minerals, Inc., a top manufacturer of halloysite clay products for high-value industrial applications, got a fresh acquired order for 40,000 pounds of its DRAGONITE halloysite clay product from a client. The customer just commercialized a coating application and will utilize the amount bought to sell them. The management is still committed to growing its customer base and acquiring new clients for its DRAGONITE halloysite clay sales.
Furthermore, the rapid development of nanotechnology has created new applications for halloysite, especially in the creation of halloysite nanotubes (HNTs). Due to their distinctive features, which include their high aspect ratio, tubular shape, and large surface area, these nanotubes may be used for a variety of objectives, including medication delivery, catalysis, and reinforcement in composite materials. Halloysite demand is anticipated to soar as a result of ongoing studies into the potential applications of HNTs in a variety of sectors, driving market expansion. For instance, in 2022 Ionic Mineral Technologies, a US-based company that specializes in innovative battery materials technology has quietly introduced Ionisil, a nano-silicon made from halloysite that might replace graphite in lithium-based batteries. Nano-silicon has the potential to significantly increase the range and speed of charging for electric vehicles (EVs). The company states that it is in charge of the world’s biggest high-purity deposit of halloysite, an aluminum silicate clay (Al2Si2O5(OH)4) with a naturally occurring nanotubular structure.
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Market Coverage
- The market number available for – 2023-2031
- Base year- 2023
- Forecast period- 2024-2031
Segment Covered-
- By Type
- By Application
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape- Applied Minerals, Inc., Imerys, I-Minerals Inc., and Northstar Clay Mines LLC, among others.
Halloysite Market Report Segment
By Type
- Pure Halloysite
- Hybrids Halloysite
By Application
- Medical
- Cosmetics
- Ceramics
- Polymers
- Cement
- Paints
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Halloysite Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- AMCOL Corporation
- American Elements
- Ashapura Group
- BASF SE
- Clariant
- CVC Capital Partners
- Daleco Resources Corporation
- Intermark Group
- Living Nature (US)
- MERCK KGaA
- Nanoshel LLC
- Otto Chemie Pvt. Ltd.
- Phantom Plastics
- Quarzwerke Gmbh
- Reade International Corporation
- Refractron Technologies Corporation
- Rimera Group
- Sachtleben Mine GmbH
- Toyota Tsusho Corporation
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