WOLLASTONITE POWDER MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Regional Analysis

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North America has been the dominant region with 44.2% share in the global wollastonite powder market over the past decade. The major country leading the North America market is the U.S., which accounts for over 60% of the regional demand. The widespread presence of the paints & coatings industry coupled with a strong automotive manufacturing sector has been the key driver of growth. Wollastonite finds significant usage as a filler in products such as architectural coatings and automotive coatings due to its high brightness and excellent coverage properties. It is also gaining popularity as an alternative to talc in plastics and polymers applications. The consumption of wollastonite powder is significantly high in end-use industries located in the Midwest and Southern states such as Illinois, Ohio, Michigan, and Texas due to their industrial prominence. Local production from mines located in these regions ensures easy availability and stable supply chains. This has helped manufacturers achieve cost competitiveness by reducing supply chain inefficiencies. Key players operating in the country include Nyco Minerals, Resco Products, and Xinyu South Wollastonite which are expanding production capacities to meet the growing demand in North America.

The Asia Pacific region has emerged as the fastest growing market for wollastonite powder globally in recent years, primarily driven by China. Growth in the infrastructure and construction activities along with a burgeoning automotive industry has boosted the consumption of wollastonite as a filler and reinforcing agent.