by The global Geopolymer Market is estimated to be valued at US$ 9.80 Bn in 2023 and is expected to exhibit a CAGR of 25% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Geopolymers are inorganic polymers similar to ceramics that exhibit properties similar to traditional cement concretes. They provide advantages such as high early strength, fire resistance, acid and alkali resistance compared to traditional cement. Geopolymers help reduce carbon footprint making them suitable for construction activities.
Market key trends:
One of the major trend in the geopolymer market is increasing adoption in infrastructure development projects. Geopolymers offer benefits like durability in harsh environmental conditions and reduced maintenance costs. Their use in construction of roads, bridges, ports, railways and other infrastructure is growing. Increase in infrastructure development activities especially in developing nations of Asia Pacific and Latin America is expected to drive the demand for geopolymer materials during the forecast period.
Market key trends:
One of the key trends in the geopolymer market is the growing use of geopolymer as an environment friendly and sustainable alternative to ordinary Portland cement. Geopolymers produces around 80-90% less carbon dioxide emissions compared to cement production which is more eco-friendly. Also, geopolymer consumes less energy for production which contributes to energy savings. This rising awareness regarding the green properties of geopolymers is fueling its adoption over cement in the construction industry.
SWOT Analysis
Strengths:
– Environment friendly and produces lesser emissions than cement
– Energy efficient production process
Weaknesses:
– Lack of standardization in production procedures
– Limited availability of raw materials for geopolymers
Opportunities:
– Increasing investments in infrastructure development in developing countries
– Growing demand for sustainable construction materials
Threats:
– Strong competition from established cement players
– Issues with expansion due to high capital requirements
Key Takeaways
The Global Geopolymer Market is expected to witness high growth, exhibiting CAGR of 25.% over the forecast period, due to increasing investments in infrastructure development globally. The market size for 2023 is estimated to be US$ 9.80 Bn.
Regional analysis:
Asia Pacific region dominates the global geopolymer market and is expected to maintain its lead over the forecast period. This is attributed to fast infrastructure growth in countries like India and China. Countries in Southeast Asia are also expected to contribute significantly towards the regional market.
Key players:
Key players operating in the geopolymer market are Imerys Group SA, PCI Augsburg GmbH, Rocla Pty Limited, Schlumberger Ltd., Murray & RobertsCementation Co. Ltd., Banah UK Ltd., Zeobond Pty Ltd., Pyromeral Systems SA, ClockSpring NRI (Clock Spring Co Inc), CEMEX S.A.B. de C.V., Wagners LLC, Geopolymer Solutions LLC, Miliken & Company Inc., Corning Inc., Alchemy Geopolymer, Ceské lupkové závody AS, and IPR Inc.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
