From 2013 to 2022, the market experienced variable trends with yearly changes between -11.43% and 5.41%. The compound annual growth rate (CAGR) over the last 5 years showed a decline of -1.7%. The forecast for 2023-2028 predicts a consistent decline with a significant CAGR of -2.55%, amounting to a forecasted growth rate of -12.11% by 2028. It is important to note that the overall long-term trend indicates a steady reduction in material input usage.
Future trends to watch include advancements in material technology, potential supply chain disruptions, and changes in regulatory policies affecting the mining and consumption of clays and kaolin. Additionally, environmental concerns and the push towards sustainability may drive further innovations and shifts in industry practices.
