Geopolymer Market is Estimated To Witness High Growth Owing To Sustainable Properties

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posted on 10 months ago — updated on 1 second ago

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Geopolymer Market is Estimated To Witness High Growth Owing To Sustainable Properties

Geopolymer is an inorganic polymer produced by alkali activation of materials rich in alumina and silica such as fly ash and slag. It offers advantages like higher strength, fire resistance, lower permeability and durability compared to traditional cement

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:
Geopolymer is an inorganic polymer produced by alkali activation of materials rich in alumina and silica such as fly ash and slag. It offers advantages like higher strength, fire resistance, lower permeability and durability compared to traditional cement. The rising construction activities globally drives the demand for geopolymer in building foundations, panels, blocks etc.

Market key trends:
One of the key trends in the geopolymer market is its increasing application in 3D concrete printing. 3D concrete printing utilizes geopolymer-based materials that allow faster and more economical construction of complex building structures with minimal wastage. Several companies are actively researching customized geopolymer formulations for use in 3D printers to fabricate complex cement-based products. This new method of construction using geopolymer is expected to disrupt the building industry in the coming decade.

Segment Analysis
The global geopolymer market is segmented into type, application, and end-use industry. Based on type, the market is divided into fly ash based geopolymer and slag based geopolymer. Fly ash based geopolymer dominates the market and accounts for around 70% share due to wide availability and low cost of fly ash. Based on application, the market is classified into residential, commercial and industrial construction. Industrial construction segment holds the largest share due to rising use of geopolymer concrete in prefabricated construction.

Key Takeaways
The Global Geopolymer Market Size is expected to witness high growth, exhibiting a CAGR of 25% over the forecast period, due to increasing adoption of geopolymer concrete for its sustainability and durability properties.

Regional analysis: Asia Pacific dominates the global geopolymer market and is expected to maintain its lead over the forecast period. This is attributed to high demand from developing economies such as India and China. Furthermore, these countries have established infrastructure for fly ash recycling thereby driving the use of geopolymers in construction.

Key players: Key players operating in the geopolymer market include 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. Imerys Group and PCI Augsburg capture a major share due to their early entry and continuous innovation in geopolymer binders.