Increasing Usage in Construction Industry Escalates Metakaolin Market Growth
According to our latest market study on “Metakaolin Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Application (Ceramics, Mortars and Concrete Admixtures, Refractories, and Others),” the market was valued at US$ 756.87 million in 2020 and is projected to reach US$ 1,100.83 million by 2028; it is expected to grow at a CAGR of 4.9% from 2021 to 2028. The report highlights key factors driving the market growth and prominent players along with their developments in the market.
Metakaolin is an anhydrous calcined from of the clay mineral kaolinite. It is an effective pozzolanic material used as an alternative to cement in concrete. Metakaolin is manufactured for consumption rather than being a by-product and is formed when china clay and the mineral kaolin is heated at a temperature between 600 and 800ºC. The quality of metakaolin can be controlled during manufacturing, which results in a much less variable material. Metakaolin is used in various applications such as ceramics, mortars and concrete admixtures, and refractories.
Favorable government policies for developing green buildings in countries such as China, Japan, South Korea, and India are driving the growth of the metakaolin market. For instance, the growth of the construction industry is leveraging the demand for ceramic products and concrete. Metakaolin is increasingly replacing cement in concrete due to its properties, such as anti-corrosive, high performance, lower emission, and enhanced aesthetics. Thus, the emerging demand for ceramic products and metakolin-based concrete from the construction sector across Asia Pacific is projected to boost the metakaolin market growth in the coming years.
A few of the major key players operating in the global metakaolin market are Nanoshel LLC; BASF SE; Burgess Pigment Company; Imerys S.A.; W.R. Grace & Co; MS Industries II, LLC; Silica Systems Inc; Dennert Poraver GmbH; I-Minerals Inc; and Thiele Kaolin Company.
Impact of COVID-19 Pandemic on Metakaolin Market
The COVID-19 pandemic has negatively impacted the global metakaolin market owing to the shutdown of manufacturing units, rising prices of raw material, shortage of labor, disruption of supply chains, and financial instability. Metakaolin is widely used as a substitute for cement in concrete, and the disruption of the construction industry due to economic slowdown caused by the COVID-19 outbreak has restrained the growth of the metakaolin market. However, businesses are gaining ground as previously imposed limitations are being eased across various countries. Moreover, the introduction of COVID-19 vaccines by governments of different countries has eased out the situation leading to the rise in business activities across the world.
Global Metakaolin Market Breakdown – by Region
Metakaolin Market to Grow at a CAGR of 4.9% to reach US$ 1,100.83 million from 2020 to 2028
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Metakaolin Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Application (Ceramics, Mortars and Concrete Admixtures, Refractories, and Others)
Metakaolin Market to Grow at a CAGR of 4.9% to reach US$ 1,100.83 million from 2020 to 2028
Download Free SampleMetakaolin Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Application (Ceramics, Mortars and Concrete Admixtures, Refractories, and Others)
The report includes the segmentation of the global metakaolin market as follows:
By application, the metakaolin market is segmented into ceramics, mortars and concrete admixtures, refractories, and others. By geography, the market is broadly segmented into North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South and Central America. The market in North America is further segmented into the US, Canada, and Mexico. The metakaolin market in Europe is sub segmented into Germany, France, the UK, Italy, Russia, and the Rest of Europe. The market in Asia Pacific is sub segmented into China, India, Japan, Australia, South Korea, and the Rest of Asia Pacific. The metakaolin market in Middle East & Africa (MEA) is further segmented into South Africa, Saudi Arabia, the UAE, and the Rest of MEA. The market in South and Central America is sub segmented into Brazil, Argentina, and the Rest of South and Central America.
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