Geopolymer is an inorganic polymer used as an alternative to cement in construction. It is formed from alumina-silicate materials and alkaline liquids such as sodium hydroxide or potassium hydroxide instead of lime and calcium. Geopolymer possesses advantages like requiring lower energy inputs for production, emitting lower greenhouse gas emissions compared to ordinary Portland cement while retaining comparable mechanical properties. The growing awareness about reducing carbon footprint is driving the demand for geopolymer in construction applications.
The global Geopolymer Market is estimated to be valued at Us$ 9.8 Bn in 2024 and is expected to exhibit a CAGR Of 6.2% over the forecast period 2023 To 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The rising demand for sustainable construction materials is a key trend boosting the geopolymer market. With growing construction activities worldwide due to rapid urbanization and industrialization, there is an increasing need to develop an eco-friendly alternative to cement. Geopolymer has gained prominence due to its lower carbon footprint. Also, it possesses properties like strength, durability and fire resistance comparable to cement while requiring less energy for production. Many infrastructure companies and construction industries are adopting geopolymer in construction applications like roads, highways, buildings and bridges to reduce their environmental impact. This growing shift towards sustainable practices in construction is expected to drive the geopolymer market substantially over the forecast period.
Segment Analysis
The global geopolymer market is dominated by the cement & concrete segment. Due to its beneficial properties such as strength, stiffness, resistance to fire and chemicals, geopolymers have emerged as an eco-friendly alternative to Ordinary Portland Cement (OPC) in the production of cement and concrete. Geopolymers enhance the properties of concrete and make it more sustainable by utilizing industrial by-products such as fly ash in the production process. The cement & concrete segment accounted for over 50% of global geopolymer market share in 2023 owing to large-scale construction activities worldwide and growing awareness regarding sustainability.
Key Takeaways
The Global Geopolymer Market Demand is expected to witness high growth over the forecast period of 2023 to 2030. Rapid urbanization, infrastructure development projects in emerging economies and rising focus on sustainable construction are fueling market expansion. The global Geopolymer Market is estimated to be valued at US$ 9.8 Bn in 2023 and is expected to exhibit a CAGR of 6.2% over the forecast period 2023 to 2030.
Regional analysis –
Asia Pacific region currently dominates the global geopolymer market and is expected to maintain its leading position during the forecast period. Growing construction activities in China, India and other Southeast Asian countries due to increasing population and investment in infrastructure development are boosting market revenues in Asia Pacific. In addition, high availability of fly ash from coal-fired power plants in the region is encouraging the utilization of geopolymers for construction purposes.
Key players –
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. Schlumberger Ltd holds a significant share of the global market due to its diverse product portfolio and strong geographical presence across regions. The other major players are focusing on new product launches, partnerships and expansion strategies to strengthen their market position.
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