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The geopolymers market size is estimated to grow by USD 12.87 billion, at a CAGR of 25.57% between 2023 and 2028. The growth of the process automation and instrumentation market hinges on several key factors. Firstly, the rising adoption of geopolymers in the cement industry drives demand, spurred by their environmental benefits and cost-effectiveness. Secondly, there's a growing need within the repair and rehabilitation market, propelling the demand for advanced automation solutions to enhance efficiency and accuracy. Lastly, government initiatives aimed at promoting sustainable infrastructure play a pivotal role, fostering investments in modernization and technological upgrades. These factors collectively contribute to the expansion of the market, reflecting a shift towards more sustainable and efficient industrial practices.
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The market is witnessing significant growth, driven by increasing concerns over greenhouse gases and the need for sustainable construction materials. Adoption is fueled by applications in 5G base stations and infrastructure projects. Geopolymers utilize alkaline solutions and aluminosilicate sources, such as fly ash and industrial by-products, offering superior mechanical properties and resistance to fire compared to conventional cement. Challenges include addressing issues with the chemical process, ensuring consistent quality, and overcoming perceptions regarding unfamiliar materials. Despite challenges, the lower carbon footprint positions geopolymers as a promising solution for environmentally conscious construction practices.
An increase in adoption of geopolymers in cement industry is the key factor driving market growth. In comparison to Portland cement, geopolymer cement reduces carbon emissions effectively by 70%-80%. The most harmful pollutant from pyro-processing, crushing, grinding, and storage activities is dust, which can lead to respiratory issues. Furthermore, when slag is available as a byproduct, the production of rock-based geopolymer cement produces 80% less CO2 than Portland cement. This is the most advantageous scenario. In the least favorable case of slag manufacture, there is a 70% reduction in CO2 emissions.
Moreover, by doing this, the carbon footprint can be reduced by up to 70%. The products are designed to meet the need for resilient and long-lasting buildings and infrastructure with a low carbon footprint. Consequently, one of the main factors driving the demand for environment-friendly cement solutions, such as geopolymer concrete, is the environmental regulations and emission limits. Hence, the market will witness growth during the forecast period.
Growing focus on green buildings is one of the primary market trends. A green building is one that can have positive effects on the environment and prevent global climate change while reducing or eliminating harmful effects through design, construction, or operation. Sustainable, ethical, and non-toxic building materials are used in the construction of green buildings. Because of this, geopolymer concrete reduces carbon dioxide emissions by about 80%. Since geopolymer assures sustainability, it is increasingly becoming important in green buildings.
In addition, governments across the globe are also encouraging the construction of green buildings. The European Commission's (EC) Green Building Program is a perfect illustration of this. Hence, the focus on green building construction will boost the growth of the market during the forecast period.
Lack of awareness among researchers is a challenge that affects market growth. In contrast to Portland cement, geopolymer concrete has been used on a commercial scale in the construction industry mainly due to the lack of knowledge about geopolymers. Numerous research studies have demonstrated the potential of geopolymer as an infrastructure repair material. The use of geopolymer concrete in highway infrastructure projects still remains low, notwithstanding these studies.
Furthermore, Earth Friendly Concrete (EFC) from Wagners, one of the top producers of geopolymers, was used in conjunction with materials from two prestigious UK companies, Keltbray Group and Capital Concrete. To get past the obstacles that might prevent the market from expanding, end-users must be made aware of the advantages of these materials. Thus, the lack of awareness may impede market growth during the forecast period.
The market growth analysis research report includes the adoption lifecycle of the market research and growth, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market forecasting report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The market growth and forecasting report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market segmentation is characterized by diverse applications and unique properties. Within the construction sector, alkaline solutions and aluminosilicate sources are utilized to produce innovative materials like precast panel and grout. These materials, derived from industrial by-products and mineral-based material, offer superior mechanical properties and resistance to fire, making them ideal for structural applications. In the realm of environmental sustainability, geopolymers stand out for their ability to mitigate the impact of greenhouse gases by utilizing fly ash and other industrial by-products that would otherwise end up in landfills. Moreover, their use in 5G infrastructure, with lower carbon footprints compared to conventional cement, underscores their role in advancing green technologies and combating pollutants emitted from burning fuel.
The cement and concrete segment is estimated to grow significantly during the forecast period. Cement is one of the most vital commodities in developing economies as it serves as one of the main materials used in concrete production, which is used in the construction of buildings, civil infrastructure, and industrial facilities. Cement production is significantly high, and it is expected to increase further.
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The cement and concrete segment was the largest segment and was valued at USD 1.18 billion in 2018. Waste materials like fly ash and ground granulated blast furnace slag (GGBS) are used to make geopolymer concrete. GGBS and fly ash are both processed using the relevant technology, using geopolymer concrete lowers carbon emissions by lowering the need for Portland cement and stock waste. Geopolymer cement and concrete are used for the construction of pavements, retaining walls, water tanks, and more. Hence, due to its favorable binding properties, the geopolymers cement and concrete segment will boost the growth of the global market during the forecast period.
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APAC is estimated to contribute 36% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Due to the increase in construction and infrastructural projects in the APAC region, rapid urbanization, and industrialization in India and China, these two countries are driving the market. Governments in APAC countries such as China, India, Japan, and more are promoting sustainable infrastructure development, which can reduce carbon emissions, which are expected to drive market growth
Moreover, geopolymers are gaining traction as viable alternatives to traditional cement and concrete due to their superior strength, durability, and eco-friendly properties. Furthermore, with geopolymers increasingly being used in building construction, governments and the general public are becoming more aware of the benefits of using geopolymer concrete. Hence, such factors are expected to drive market growth in this region during the forecast period.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments.
The market is experiencing a surge in demand across various sectors due to its versatility and eco-friendly properties. Derived from alkaline solutions and aluminosilicate sources, geopolymer materials find applications in diverse infrastructure projects such as roads, bridges, and tunnels. They serve as efficient grout and binder for pipe and concrete repair, offering high tensile strength and extended service life even in harsh conditions. Geopolymers play a crucial role in CO2 emission reduction by replacing Ordinary Portland cement (OPC), thus mitigating carbon dioxide emissions and minimizing environmental pollution. Moreover, they excel in toxic waste immobilization, providing sustainable waste management solutions while reducing resource depletion. As governing agencies emphasize environmental concerns, the rising utilization of geopolymers signifies a shift towards eco-friendly practices and pollution reduction in infrastructure development projects, ensuring both durability and environmental sustainability.
Further, geopolymers, derived from an alkaline solution and an aluminosilicate source, are revolutionizing the construction market with their versatility and sustainability. Used in various applications such as precast panels, road and pavement, runways, bridges, and tunnel linings, geopolymers offer high tensile strength and improved durability in harsh conditions. Particularly crucial in infrastructure repair, they contribute to reducing energy consumption and carbon emissions, providing cost-effective alternatives to traditional cement production. With properties that make them environmentally friendly and effective binder in concrete, geopolymers address concerns like global warming and resource depletion. Their role extends beyond construction to waste management systems, offering sustainable disposal solutions for hazardous waste and minimizing environmental impact, thus ensuring a greener and more resilient future even in aerospace applications.
Market Scope |
|
Market Report Coverage |
Details |
Page number |
161 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 25.57% |
Market Growth 2024-2028 |
USD 12.87 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
25.37 |
Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
Performing market contribution |
APAC at 36% |
Key countries |
US, China, India, Germany, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Alchemy Geopolymer Solutions LLC, BASF SE, CEMEX SAB de CV, Ecocem Ireland Ltd., Geopolymer International, Geopolymer Solutions LLC, JSW STEEL Ltd., Kiran Global Chem Ltd., Pyromeral Systems, RENCA Inc., Schlumberger Ltd., smartfix Industries, Terra CO2, Uretek India Pvt. Ltd., Wagners Holding Co. Ltd., and Zeobond Pty Ltd. |
Market dynamics |
Parent market growth analysis, Market Forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the market forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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