Report : Middle East and Africa Metakaolin Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Application (Ceramics, Mortars and Concrete Admixtures, Refractories, and Others)
The Mortars and Concrete Admixtures Segment to Dominate the Middle East and Africa Metakaolin Market during 2021-2028
According to a new market research study on “Middle East and Africa Metakaolin Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast – by Application and Country,” is expected to reach US$ 90.27 million by 2028 from US$ 69.53 million in 2021. The market is estimated to grow at a CAGR of 3.8% from 2021 to 2028. The report provides trends prevailing in the Middle East and Africa metakaolin market along with the drivers and restraints pertaining to the market growth Increasing employment of metakaolin in construction industry and rising demand for sustainable building materials are major factors driving the growth of the Middle East and Africa metakaolin market. However, cracking potential and high cost associated with use of metakaolin may hinder the growth of Middle East and Africa metakaolin market.
The COVID-19 pandemic has severely impacted the construction industry across the Middle East and Africa to decline in construction activities. Various chemicals and materials companies have remained closed as a result of lockdowns, resulting in a decrease in the sale of various items including metakaolin. Slowdown in the demand from concrete and ceramic industries is negatively impacting the market growth across the region. However, the implementation of effective government policies in countries like the UAE have significantly revived the industrial activities across the region which is projected to favor the growth of metakaolin market in the Middle East and Africa during the forecast period.
The market for Middle East and Africa metakaolin is segmented into application and country. Based on application, the market is segmented into ceramics, mortars and concrete admixtures, refractories, and others. In 2020, the mortars and concrete admixtures segment held the largest share in Middle East and Africa metakaolin market. Based on country, the Middle East and Africa metakaolin market is categorized into South Africa, Saudi Arabia, UAE and rest of Middle East and Africa. Saudi Arabia is expected to be the fastest growing country over the forecast period. Furthermore, in this present scenario of COVID 19 pandemic, the Middle East and Africa metakaolin market has been facing difficulties and several countries have suffered heavily. The manufacturing sectors in the Middle East and Africa countries have been experiencing low production and a weak supply chain. Thereby, impacting the market for metakaolin.
Nanoshel LLC; BASF SE; Burgess Pigment Company; I-Minerals Inc.; Imerys S.A.; and W. R. Grace & Co. are some of the leading companies in the Middle East and Africa metakaolin market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.
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