South America Metakaolin Market Foreseen to Grow Exponentially by 2027 | Arcillas Refractarias SA, BASF SE, Burgess Pigment Company
The South America Metakaolin market was valued at US$ 6,875.3 thousand in 2018 and is expected to grow at a CAGR of 4.5% during the forecast period 2019 – 2027, to generate US$ 10,203.3 thousand by 2027. Factors such as the growing construction sector coupled with the significant shift of the consumers towards sustainable building materials are driving the market growth.
Further, some other key driving factors behind fast adoption and growth rate of metakaolin in the South American market includes an upsurge in the middle-class population as well as growth in urbanization in developing economies such as Brazil, Argentina, Chile, Peru, and Colombia among others. The demand for metakaolin has increased within the region, particularly in Colombia and Chile, owing to massive investment in infrastructure development. Moreover, Brazil and Argentina have embarked on major road and highway construction programmers, as well as instigating projects for new tunnels and bridges. Metakaolin is mostly used in the construction of tunneling work, bridges & dams and nuclear power stations which provides an opportunity for the metakaolin market over the projected period.
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Company Profiles
- Arcillas Refractarias SA
- BASF SE
- Burgess Pigment Company
- Dennert Poraver GmbH
- Metacaulim do Brasil
- W. R. Grace & Co.
- Imerys SA
- I-Minerals Inc
Some of the most common applications of metakaolin ceramic, refractories, mortars, geopolymers, concrete admixtures, and others. These applications have a huge growth potential especially in major South American markets including Brazil, Argentina, and Chile. Moreover, the concrete admixture segment holds the largest share in the South America metakaolin market. The concrete admixture is the most widely used and versatile building materials which are generally used to resist compressive force. The Admixture metakaolin, when used at optimum quantity, tend to increase the strength of the concrete mix when compared with conventional concrete.
There is an increasing demand for housing and infrastructure with the rapid growth in population and global economy. As the demand for infrastructure rises the demand for construction materials such as cement, concrete admixtures, and ceramic tiles also increases. The construction industry widely accepts metakaolin as a substitute to concrete mixes for technical, economic and environmental reasons. The demand for South America metakaolin market is expected to be driven by increased infrastructure growth and high investments in the construction sector. The key factors that drive the metakaolin market in South America include the recovery of the construction sector, a surge in public-private partnerships, and rapid urbanization in developed and developing countries.
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The market for metakaolin in South America is witnessing growth owing to the increased infrastructure growth and high investments in the construction sector. The key factors that drive the metakaolin market in South America include the recovery of the construction sector, a surge in public-private partnerships, and rapid urbanization in developed and developing countries. With construction markets on the rise, the demand for metakaolin in the region is expected to continue to grow over the forecast period. Moreover, in the recent period, the Brazilian economy is moving towards an economic development phase. With a large domestic market, favorable government measures and strong economic growth.
The South America metakaolin market by application was led by concrete admixtures segment. The concrete admixture is the most widely used and versatile building materials which are generally used to resist compressive force. The addition of some pozzolanic materials can improve the several properties of concrete such as workability, durability, permeability and strength resistance to cracks. Metakaolin as pozzolanic materials is widely used in the concrete admixture as it is highly efficient and react with the excess calcium hydroxide resulting from ordinary Portland cement hydration by a pozzolanic reaction, to produce calcium aluminosilicate hydrates and calcium silicate hydrate.
The overall South America metakaolin market size has been derived using both primary and secondary source. The research process begins with exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the South America metakaolin market. It also provides an overview and forecast for the South America metakaolin market based on the segmentation provided. Also, primary interviews were conducted with industry participants and commentators in order to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers, and external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the South America metakaolin market.
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Strategic Insights
South American continent comprises of several developing economies such as Brazil, Argentina, Chile, Peru, and Colombia among others. These countries are witnessing an upsurge in the middle-class population as well as growth in urbanization. The metakaolin market in South America is witnessing growth owing to the increased infrastructure growth and high investments in the construction sector. The green building phenomenon is a new concept adopted in South America. Countries like Brazil, Mexico, Colombia, Chile and, Peru in South America have initiated measures such as relevant tax cuts for sustainable construction for promoting the construction of green buildings. Changes in the policy are done to promote energy efficiency in all the major countries. Thus, bio-based and environmentally friendly products have started penetrating the construction sector. Therefore, the development and wide acceptance of eco-friendly renewable products have increased the demand for metakaolin in the construction industry.
South America Metakaolin Market – By Application
- Ceramic
- Refractories
- Mortars
- Geopolymers
- Concrete Admixtures
- Others
South America Metakaolin Market – By Country
- Brazil
- Argentina
- Rest of SAM
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