Global Geopolymer Market Overview:
Looking forward, the geopolymer market is expected to grow at a CAGR of around 26.34% during 2020-2027. Geopolymer demand from railroad sleepers is projected to rise, thanks to the opportunities created by the APAC economies, like China, Australia, and Singapore. Government initiatives by different countries for entering new markets or growing the existing market by increasing production units and growing the geographical footprint are expected to be the major driving factors for the global geopolymer market throughout 2020-2027. Geopolymer provides advantages like ultra-porosity, high strength, low creep, low drying shrinkage, and acid resistance. These properties of geopolymer are used to substitute Portland cement as a binder in concrete. They are also used for repairing tunnels, bridges, roads, and in the reintegration of pipes and structures in the oil and gas, civil infrastructure, and chemical industries. Furthermore, geopolymers are cheaper than Portland cement, and their production emits lesser CO2. However, the lack of uniform standards ®ulations is expected to restrict the growth of the global geopolymer market during 2020-2027. Similarly, The MMR report contains a detailed study of factors that will drive and restrain the growth of the geopolymer market.
Global Geopolymer Market Segment Overview:
By end-user, cement and concrete segment dominated the geopolymermarket during the forecast period, accounting for a share of XX.20%. Major factors such as the resistance to chloride penetration, increased strength, and acid attacks will contribute to the growth of this segment in the geopolymer market during forecast period. The transportation infrastructure segment accounted for XX.89% of the global revenue in the year 2019. The construction segment is anticipated to rule the geopolymermarket & is likely to value US$ XX.65Mn by 2027. Based on product, the geopolymer concretesegment held the largest market share of XX% in 2019 and is projected to grow at the highest CAGR of XX% to reach US$ XX Mn by 2027.The rising demand for geopolymer across diverse industries, because of its fire and heat resistance is expected to accelerate the growth of the globalgeopolymer market in the next 3-5 years. Likewise, the MMR report will provide an accurate prediction of the contribution of the various segments to the growth of the geopolymer market size.
Global Geopolymer Market Geographical Overview:
In 2020, the APAC dominated the geopolymers market with market size of US$ XX Mn thanks to rapid infrastructural expansion in developing countries. Additionally, rising awareness towards the need for energy efficiency, high-performance building materials like cement and concrete, will fuel the growth of the geopolymers market in the APAC. The geopolymers market in India was valued at US$ XX.53 Mn. in 2019 and is expected to reach US$ XX.46 Mn. by 2027 at a CAGR of XX.90% over the forecast period. The government of India has initiated projects, for instance, ‘Housing for All by 2022’ and ‘100 smart cities’, which are projected to drive the Indian market over 2020-2027. The Japanese market for geopolymers is expected to reach at US$ XX.03 Mn. by 2027. In Japan, Tokyo has emerged as the top region for development and investments forecasts, of which, the residential industry accounts for a major chunk. Such investments in the construction industry and further development in the Japanese geopolymers market.
Global Geopolymer Market Competitive Landscape
In recent years, major players in the geopolymer market have taken several strategic measures, such as facility expansions and partnerships. Such as, in July 2019, ASK Chemicals acquired SI Group’s Industrial Resins Business. With this acquisition, the transaction includes SI Groups industrial resins products and related manufacturing sites in Ranjangaon, India; Rio Claro, Durban, South Africa and Brazil; and Johannesburg. The objective of the report is to present a comprehensive analysis of the Global Geopolymer Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Geopolymer Market dynamics, structure by analyzing the market segments and projects the Global Geopolymer Market size. Clear representation of competitive analysis of key players by End Use, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Geopolymer Market the report investor’s guide.
Scope of the Global Geopolymer Market: Inquire before buying
Global Geopolymer Market, by Region
• North America: o US o Canada o Mexico • South America o Brazil o Argentina o Colombia o Rest of South America • Europe o UK o Germany o France o Spain o Italy o Sweden o CIS countries o Rest of Europe • APAC o China o India o South Korea o Japan o Australia o Rest of APAC o ASEAN Indonesia Malaysia Singapore Philippines Thailand Vietnam • Middle East & Africa o GCC Countries o South Africa o Nigeria o Egypt o Rest of MEA • Latin America o Mexico o Brazil o Rest of Latin America
Key Players operating in the Geopolymer Market
• ASK Chemicals • Zeobond • Milliken Infrastructure Solutions • Wagner Global • INOMAT GmbH • Schlumberger Limited • Ceske lupkovezavody • Alchemy Geopolymer • Ecocem • PCI Augsburg GmbH (Basf) • Fengyuan Chemical • Imerys Group • DowDuPont • Murray & Roberts Cementation Co. Ltd • Banah UK Ltd. • Pyromeral Systems • Airbus and Others