Global Geopolymer Market Expected to Reach US$ 16.2 Billion by 2024

by Zayn Mathew Market Research Reports
According to the latest report by IMARC Group titled, “Geopolymer Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the market reached a value of US$ 3.8 Billion in 2018. Looking forward, the global geopolymer market size expected to reach US$ 16.2 Billion by 2024, growing at a CAGR of 27% during 2019-2024.

Geopolymers are materials comprising chains or networks of mineral molecules that are linked with covalent bonds. They can be both natural and synthesized. Obsidian (volcanic glass) fragments are the major component of natural geopolymer blends. Commercially produced geopolymers can be formed by using industrial waste as raw material. They can be used in applications to fully or partially replace ordinary Portland cement (OPC) with added benefits such as improved resistance to fire, heat and aggressive chemicals as well as a significant reduction in carbon footprint. As a result, geopolymers are replacing OPC in several construction applications. 

The global geopolymer market is currently witnessing robust growth which can be accredited to the significant expansion of the construction industry. Rapidly increasing population, economic reforms and urbanization, especially in the developing countries, have resulted in infrastructural development, thus catalyzing the market growth. In addition, the repair and rehabilitation activities in the construction industry have also stimulated the market. Moreover, apart from being an affordable option, the manufacturing process of geopolymers is less energy-intensive and emits lesser carbon dioxide than that of OPC. With increasing environmental concerns and emission restrictions on the cement industry, the demand for geopolymers is witnessing a rise, thus further contributing to the market growth. 

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Market Segmentation:

Breakup by Application:

Cement and Concrete 
Furnace and Reactor Insulators 
Decorative Artifacts

Breakup by End-Use Industry:

Building Construction 
Art and Decoration 

Browse full report with detailed TOC and list of figures and tables:

Regional Insights:

North America
Asia Pacific
Middle East and Africa
Latin America

Competitive Landscape

The report has also examined the competitive landscape of global geopolymer market. Some of the major players in the market are Imerys Group / Ags Argil's & Minéraux, Milliken & Company Inc., PCI Augsburg GMBH, DowDuPont, 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 and Airbus.

Key highlights of the report:

Market Performance
Market Outlook
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Competitive Structure 
Profiles of Key Players

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Created on Jun 5th 2019 01:09. Viewed 495 times.


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