The Mortars and Concrete Admixtures Segment to Dominate South and Central America Metakaolin Market during 2021-2028

According to a new market research study on “South and Central America Metakaolin Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast – by Application and Country,” is expected to reach US$ 169.53 million by 2028 from US$ 119.00 million in 2021. The market is estimated to grow at a CAGR of 5.2% from 2021 to 2028. The report provides trends prevailing in the South and Central America metakaolin market along with the drivers and restraints pertaining to the market growth. Heightening usage of metakaolin in the construction industry and Shifting preference towards sustainable building materials are major factors driving the growth of the South and Central America metakaolin market. However, cracking characteristic along with high cost associated with use of metakaolin may hinder the growth of South and Central America metakaolin market.

The COVID-19 pandemic has severely impacted the construction industry across South and Central America due to a decline in construction activities. Governments across the region have implemented several preventive measures to protect their residents and limit the spread of the novel coronavirus. South and Central America are expected to have a lower export revenue in the coming months as commodity prices and export volumes fall, particularly to China, Europe, and the US, which are significant trading partners. Limitations on trading activities have adversely affected demand for metakaolin from concrete and ceramic-producing industries across the region. However, shortage of construction supplies, rising construction materials costs, and growing political and fiscal risks are the factors restraining the growth of the construction industry across the region. Thus, moderate growth of the construction industry is expected to affect the growth of the metakaolin market in the region during the forecast period. However, the rising government's efforts to facilitate foreign and private sector investment in infrastructural development are expected to open potential growth opportunities for the metakaolin market in the future.

The market for South and Central America 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 South and Central America metakaolin market. Based on country, the South and Central America metakaolin market is categorized into Brazil, Argentina and Rest of South and Central America. Argentina is expected to be the fastest growing country over the forecast period. Furthermore, in this present scenario of COVID 19 pandemic, the South and Central America metakaolin market has been facing difficulties and several countries have suffered heavily. The manufacturing sectors in the South and Central America countries have been experiencing low production and a weak supply chain. Thereby, impacting the market for metakaolin.

Nanoshel LLC; BASF SE; Burgess Pigment Company; Imerys S.A.; and W. R. Grace & Co. are some of the leading companies in the South and Central America 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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