Global Metakaolin Market Outlook – 2028
The report ‘ Protein Expression ‘ Market is bifurcated By Application (Ceramics, Mortars & Concrete Admixtures, Refractories and Others), By End-User (Infrastructure Works, Buildings Construction, Artifacts and Others) and By Region (North America, Europe, Asia-Pacific and LAMEA)– Global Forecast to 2028. In 2020, the overall valuation of the Global Metakaolin Market was USD 767.9 million. It is predicted to reach USD 1.16 Bn by 2028, representing a CAGR of 5.134 percent throughout the period of 2020-2028.
Key factors that are augmenting the growth of the market
The growth and expansion of the construction industry is the primary driver that is fueling the overall metakaolin market. Also, the gaining popularity of geopolymers and the ceramic tiles are both accelerating the rate of expansion of the metakaolin market quickly. Moreover, the growing usage of metakaolin as a replacement for cement is continuously gaining popularity across the globe, and hence it is driving the market exponentially.
By Application, the Mortars & Concrete admixtures segment held the largest share of the metakaolin market
In 2020, the Mortars & Concrete admixtures segment held the largest share of the metakaolin market in terms of applications. On the other hand, the ceramics market segment is prevised to grow at the fastest rate throughout the forecasted period. Water repellence, air entrainment using plasticizers, Waterproofing, and efflorescence control are all the factors that increase the popularity of the metakaolin on a global basis, thereby accelerating the overall growth of this market segment.
By End-User, Infrastructure Works possessed the highest share of the metakaolin market
By End- User, the entire metakaolin market has been classified into Infrastructure Works, Buildings Construction, Artifacts and Others. Among these segments, the ‘Infrastructure Works’ held the largest share of the market, followed by Commercial, Industrial and Residential Buildings, Artifacts, etc.
On a Regional basis, the Asia-Pacific region dominated the overall metakaolin market
In 2020, the Asia-Pacific region accounted for the largest share of the global metakaolin market. It is primarily due to the presence of countries like India, China and Japan. Moreover, the metakaolin market in China has the highest share of the market of around 40%, followed by countries like Europe and South America, with a share of 30 percent and 25 percent respectively in the year 2020.
In accordance to the China Cement Association (CCA), the cement manufacturing capacity of the country in 2020 was 1.83 Bn tons per year. Also, in India, the metakaolin market is playing a crucial part in the overall contribution of the growth of the market during the projected period. Moreover, Europe is anticipated to have the highest CAGR in the market throughout the forecasted period. As per the Mineral Commodity Summaries of the United States Geological Survey, the cement shipments in 2020 were similar to those in the year 2019 and were estimated at USD 12.7 Bn.
The crucial players in the Metakaolin Market include MMK, Imerys, Burgess, YukunMinine, SCR-Sibelco, Jinyu Kaolin Chemical, Metacaulim, Jinyang Kaolin, Arciresa, Thiele Kaolin, Poraver, I-Minerals, KERAMOST, BASF and Advanced Cement Technologies
- On 27th July, 2021, Thiele Kaolin Company and Imerys Performance Minerals agreed to purchase certain kaolin clay assets in North America.
- On 28th July, 2021, MetaMax, a highly reactive metakaolin from BASF, created a significant part in creating i-395’s new flagship bridge in the centre of Miami, Florida.