Report : South America Kaolin Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Process (Water Washed, Airfloat, Calcined, Delaminated, and Others) and End-Use Industry (Paper, Ceramic and Sanitaryware, Paints and Coatings, Plastic, Rubber, and Others)
The water-washed segment by process is estimated to lead the market growth during the forecast period.
According to a new market research study of “South America Kaolin Market Forecast to 2028 - COVID-19 Impact and Regional Analysis by Process, End-Use Industry and Country.” The South America kaolin market is expected to reach US$ 282.7 million by 2028 from US$ 237.9 million in 2021 and is estimated to grow at a CAGR of 2.5% from 2021 to 2028. The report highlights trends prevailing in the South America kaolin market and the factors driving market along with those that act as hindrances.
The rising demand for automobiles favors the growth of the kaolin market. The automotive industry is one of the major beneficiaries of kaolin products as the industry extensively uses rubber-made components and parts. Kaolin improves the chemical-physical properties and performance of rubber automotive components. Kaolin is widely used in automotive tires to provide stiffness and reinforce the rubber, bringing tear resistance and tensile strength properties in tires. In addition, it helps in improving the air permeability and gas barrier of inner tire liners, which extends the service life of tires. Furthermore, kaolin finds wide application in car body seals due to the reduced electrical conductivity, protecting against corrosion properties. Additionally, kaolin is used to manufacture automotive components such as fluoroelastomer O-rings for fuel injector seals, gaskets, and hoses. Furthermore, kaolin finds its application in manufacturing waterborne paints and coatings, which are extensively used in the automotive industry to paint and coat automobile bodies and surfaces. The growing automobile industry globally fosters the demand for various kaolin-made auto components and parts, fueling the market growth. As per the OICA report, in 2019, the automotive industry manufactured over 92 million automotive vehicles, including passenger and commercial vehicles. In 2020, the production number of automotive reduced to 77 million vehicles due to the COVID-19 pandemic; however, the first three quarters of 2021 have shown more than 10% growth in the production of automotive vehicles compared to the first three quarters of 2020. Thus, the growing automotive industry is driving the kaolin market.
In South America, Brazil has the highest number of COVID-19 cases, followed by Argentina, Colombia, Peru, and Chile. The governments in South America have taken various actions to protect their citizens and combat the spread of the COVID-19 virus through lockdowns, trade bans, and travel restrictions, therefore negatively impacting the growth of the kaolin market. The construction industry from the region has been contracted sharply amid the COVID-19 pandemic. However, the business activities are expected to gradually recover in the coming months as the governments from the region continue to push forward their reopening plan to kick start the economy. In some areas of Brazil, vehicle production levels are almost back to the levels of prior years.
Based on process, the South America kaolin market is segmented into water washed, airfloat, calcined, delaminated, and others. Based on end-use industry, the South America kaolin market is segmented into paper, ceramic and sanitaryware, paints and coatings, plastic, rubber, and others. Geographically, the South America kaolin market is sub-segmented into Brazil, Argentina and Rest of South America.
American Elements, BASF SE, Burgess Pigment Company, Imerys S.A., and Sibelco, are among the leading companies operating in the South America.
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