Geopolymers are aluminosilicate materials that are synthesized from volcanic ash or iron rich residue. They offer key advantages over conventional cement such as higher strength, durability and resistance to chemical attacks. They are increasingly being used as an eco-friendly substitute for cement in construction of buildings and infrastructure.
The global geopolymer market is estimated to be valued at US$ 11.29 Mn in 2024 and is expected to exhibit a CAGR of 6.2% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
One of the key trends driving the growth of geopolymer market size is the increasing adoption in construction industry. There is rising awareness about the environmental benefits of geopolymers over conventional cement which is a major contributor to global carbon emissions. Several government initiatives are promoting the use of geopolymers for more sustainable construction practices. Major infrastructure projects are increasingly opting for geopolymer concrete to reduce the carbon footprint of construction activities. This rapid growth in construction sector particularly in developing economies is expected to boost the demand for geopolymers during the forecast period.
Segment Analysis
The global geopolymer market is dominated by the aluminum-based geopolymer sub-segment, accounting for around 78% of the overall market share in 2024. This is because aluminum-based geopolymers have higher structural integrity and dimensional stability as compared to other geopolymer variants. They also provide high early strength and greater resistance against acids, chlorides, and sulfates, making them a preferred choice for applications where durability is a major criteria.
Key Takeaways
The global geopolymer market is expected to witness high growth over the forecast period of 2024 to 2031. The global geopolymer market is estimated to be valued at US$ 11.29 Mn in 2024 and is expected to exhibit a CAGR of 6.2% over the forecast period 2024 to 2031.
Regional analysis related content comprises
The Asia Pacific region holds the largest share in the global geopolymer market and is expected to maintain its dominance during the forecast period as well. Rapid urbanization and industrialization along with numerous infrastructure development projects underway are fueling the demand for geopolymer in the region. Moreover, countries like China and India have been focusing on sustainable construction and are promoting the use of geopolymer as an eco-friendly alternative to ordinary Portland cement. This is positively impacting the growth of the market in the Asia Pacific region.
Key players related content comprises
Key players operating in the geopolymer market are Imerys Group, Milliken & Company Inc., PCI Augsburg GMBH, Rocla, Wagners, Universal Enterprise, Schlumberger Ltd, Murray & Roberts Cementation Co. Ltd, Banah UK Ltd, Zeobond Pty Ltd, Uretek, BASF, Corning Inc., Nu-Core, Pyromeral Systems, Airbus. Imerys Group and Milliken & Company Inc. have a significant market share due to their extensive product portfolio and wide customer base across various end-use industries.
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