Frequently Asked Questions:
The global wollastonite market was valued at USD 200.5 Million in 2022.
The wollastonite market is expected to grow at a CAGR of 8.5% between 2023 and 2030, reaching USD 354.9 Million in 2030.
Synthetic is the leading segment by type, holding over 60% share in value in 2022.
The building and construction segment governs the world’s demand for wollastonite, holding a massive share of over 30% in 2022.
The automotive segment will post the highest CAGR during the forecast period.
Asia Pacific is fueling the growth of the wollastonite industry, with an over one-third share in 2022.
Top players are Anhui Pioneer Mining Co. Ltd., NYCO Minerals Inc, Canadian Wollastonite, R. T. Vanderbilt Holding, and Wolkem.
The growing plastics industry is the major market driver.
Volatility in raw material costs is the major market restraint.
Increasing applications of wollastonite.