South America Loading Spout Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Loading System (Closed Loading, Open Loading, and Combined Loading), Type (Heavy-Duty Loading Spout and Standard Duty Loading Spout), and End User (Mining, Sh

South America Loading Spout Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Loading System (Closed Loading, Open Loading, and Combined Loading), Type (Heavy-Duty Loading Spout and Standard Duty Loading Spout), and End User (Mining, Shipping, Food and Beverage, Oil and Gas, Construction, Chemical, and Others)

The SAM loading spout market is expected to grow from US$ 8.92 million in 2022 to US$ 10.19 million by 2028. It is estimated to grow at a CAGR of 2.2% from 2022 to 2028.

Growing Expansion of Industrial Sector

The growth prospects in industrial activities are primarily attributed to the growing country’s economy, formulation of new business practices, and supportive government policies, which helps encourages new investment in business and technology. The rise in industrial operations would increase emissions in the environment and the working environment. Thus, strict regulations pertaining to industrial emissions and concern about occupational health and safety of workers have led the industrial and commercial sectors to prioritize the need for installing loading spout products at the operating and manufacturing facilities. Several growth prospects in the industrial sector are emerging the need for loading spouts for the health and safety of workers, which is expected to propel the market growth during the forecast period. The increase in developing infrastructure activities would necessarily augment the need for loading spout products in industrial applications at a large scale, which would help drive the market growth over the forecast period. The countries in developing economies are most predominantly experiencing the rise in urbanization at a faster pace. The rise in population is also aiding people in shifting toward urbanization, helping the market grow. Thus, an increase in developing infrastructure activities in the construction sector and rising growth prospects in government projects for smart cities is further increasing cement usage, which is projected to propel the market growth over the forecast period. Commercial and residential constructions are continuously growing, majorly in developing countries. Several governments support in building and construction projects is escalating the demand for cement production, which is anticipated to drive the market outlook over the projected timeframe. The significant growth in infrastructure capabilities and industrialization led to the increased demand for loading spouts on a large scale. Furthermore, the stringent government regulations regarding emissions standards also said the market growth over the forecast period.

Market Overview

The loading spout market in SAM is sub-segmented into Brazil, Argentina, and Rest of SAM. Despite several economic challenges, governments of SAM countries have been taking initiatives to propel the growth of the region’s economy. Thus, with the growth of the industrial sector, the adoption of modern technologies in the construction and oil & gas industries is expected to increase in the coming years. SAM reports the highest urbanization rates globally, accounting for ~80% of the total. Argentina strives to attract more FDIs by focusing on easing import restrictions, signing international bilateral agreements, and lifting restrictions imposed on foreign investment; such initiatives are supporting the growth of the corporate sector in SAM. Despite political and economic uncertainties, the construction industry in Brazil, Chile, Colombia, and Peru, among others, expanded by 1.1% in 2019. Brazil holds the largest share of the construction market in the region, and the country’s government continuously invests substantial amounts in the development of its commercial and industrial infrastructures. According to the AEM, Colombia and Argentina are expected to witness faster growth in their construction industries, which is mainly attributed to the public-private partnership (PPP) projects; however, the growth of this industry in other SAM countries is expected to attain stagnancy in the next couple of years, which would limit the overall progress of the loading spout market in SAM.

SAM Loading Spout Market Revenue and Forecast to 2028 (US$ Million)

SAM Loading Spout Market Segmentation

The SAM loading spout market is segmented based on loading system, type, end user, and country.

Based on loading system, the SAM loading spout market is segmented into closed loading, open loading, and combined loading. The open loading segment held the largest market share in 2022. Based on type, the SAM loading spout market is bifurcated into heavy-duty loading spout and standard duty loading spout. The standard duty loading spout segment held the larger market share in 2022. Based on end user, the SAM loading spout market is segmented into mining, shipping, food and beverage, oil and gas, construction, chemical, and others. The food and beverage segment held the largest market share in 2022. The construction segment is further segmented into cement producers, terminals, and others. Based on country, the SAM loading spout market is segmented into Brazil, Argentina, and the Rest of SAM. Brazil dominated the market share in 2022. BEUMER Group; HENNLICH s.r.o.; Midwest International Standard Products, Inc.; PEBCO; Polimak Grup Endüstriyel Üretim San. A.Ş; Salina Vortex Corporation; and WAMGROUP S.p.A. are the leading companies operating in the SAM loading spout market.

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