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The supplementary cementitious materials market is estimated to grow at a CAGR of 8.57% between 2022 and 2027. The size of the market is forecast to increase by USD 12,041.8 million. The growth of the market depends on several factors, including the increase in building and construction activities, supportive properties of silica fume, and the use of fly ash promoted by the government in APAC.
This report extensively covers market segmentation by type (fly ash, GBFS, and silica fume), application (residential, commercial, and industrial), and geography (APAC, North America, Europe, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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The use of fly ash promoted by the government in APAC is notably driving the market growth, although factors such as limitations on the overuse of fly ash may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Key Supplementary Cementitious Materials Market Driver
The use of fly ash promoted by the government in APAC is notably driving the market growth. A byproduct of burning coal in thermal power plants it is commonly used as a portland cement aggregate in concrete due to its pozzolanic properties. Due to the presence of components like calcium hydroxide and water, forming calcium silicate hydrate fly ash in concrete acts as a synthetic pozzolan. This increases the strength of the concrete over time.
Furthermore, fly ash is widely used in the construction industry. The increase in the use of fly ash is primarily due to the rapid growth of the construction industry in major developing countries such as India. This is because the governments of various countries are promoting the use of fly ash in construction and other applications. For example, the Indian government plans to mandate the use of fly ash in the form of bricks and concrete in buildings. Therefore, the abovementioned factors will boost the global market growth during the forecast period.
Significant Supplementary Cementitious Materials Market Trend
Environment-friendly cement technology is an emerging trend in the market. Many governments across various countries have launched initiatives to promote infrastructure development due to continuous global economic growth. One of the major challenges the construction industry is facing is the need to develop sustainable infrastructure. The use of materials such as fly ash, iron slag, and silica fume in construction led to major changes in cement technology.
The growing demand for bricks and cement in construction projects indicates the need for environmentally friendly and affordable construction material options so that economic benefits do not compromise environmental considerations. Hence, there has been a global initiation to the use of environment-friendly cement technologies. For example, LC3 is a low-carbon cement and is an alternative to ordinary Portland cement. One of the major benefits of LC3 is that it helps in a good amount of CO2 reduction during cement production. Such factors will drive the global market growth during the forecast period.
Major Supplementary Cementitious Materials Market Challenge
Limitations on the overuse of fly ash are a major challenge impeding the market growth. One of the most used cement additives is fly ash and its consumption will be the highest in 2022. Fly ash is used to reduce the water content of concrete without reducing its workability, which increases its usability.
However, the use of fly ash has certain limitations. For example, if fly ash is used in large quantities, there may be problems with slower concrete strength development and increased setting time, which are more common in cold weather conditions. Furthermore, poor-quality fly ash can also increase the permeability of concrete and damage buildings and other construction projects. Conventional builders are reluctant to use fly ash because it tends to bloom and its ability to freeze or thaw is a big problem. These disadvantages of fly ash are expected to limit the growth of the global supplementary cementitious materials market during the forecast period.
Key Supplementary Cementitious Materials Market Customer Landscape
The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Supplementary Cementitious Materials Market Customer Landscape
Vendors 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.
Argos Ltd. - The company offers supplementary cementitious materials such as fly ash, slag cement, and, to a lesser extent, silica fume. The key offerings of the company include supplementary cementitious materials.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors 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 vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market share growth by the fly ash segment will be significant during the forecast period. Fly ash is the most commonly used pozzolan for cement and concrete applications. It is a fine-grey powder consisting of silicon dioxide, aluminium oxide, and iron oxide.
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The fly ash segment was valued at USD 10,409.82 million in 2017 and continued to grow until 2021. The fly ash segment dominated the global supplementary cementitious materials market by type in 2020, owing to its strong demand from the construction industry. An increase in the number of construction activities in developing regions, where the use of cement is high, is expected to be a major driver for the high demand for fly ash.
In addition, a high preference for green substitutes drives the global supplementary cementitious materials market during the forecast period, as fly ash helps maintain a pollution-free environment and reduces CO2 emissions. Moreover, the continuous rise in urbanization has increased construction activities in developed economies as well as developing economies. This has led to the development of large-scale projects, such as shopping malls, hotels, residential buildings, roads, and highways, which use fly ash in large volumes. Therefore, these factors will boost segment growth during the forecast period.
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APAC is estimated to contribute 50% to the growth of the global market during the forecast period. Technavio’s analysts have explained the regional trends and drivers that shape the market during the forecast period.
In APAC, the rise in construction activities in the industrial, commercial, and residential sectors is driving the need for cost-effective and quick-building solutions. Therefore, the adoption of these materials is rapidly increasing in the region. Furthermore, the tourism sector in APAC is also contributing to the growth of the market in the region. In the tourism sector, these materials are used in building frameworks for restaurants, hotels, and resorts. Additionally, the increasing per capita income and the rising standards of living have further increased the demand in the region owing to the growth of the residential and commercial sectors, which include multi-family buildings, malls, tech parks, and retail stores. Therefore, the growth of the construction and industrial sectors will drive the supplementary cementitious materials market in APAC during the forecast period.
The outbreak of COVID-19 in 2020 is expected to hinder the growth of the market in the region. However, from 2021 onwards, production units for supplementary cementitious materials resumed their operations, owing to the increased COVID-19 vaccination programs held in the region. Thus, the regional supplementary cementitious materials market is expected to grow during the forecast period.
The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Supplementary Cementitious Materials Market Scope |
|
Report Coverage |
Details |
Page number |
173 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 8.57% |
Market growth 2023-2027 |
USD 12,041.8 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
7.16 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 50% |
Key countries |
US, Saudi Arabia, China, India, and Brazil |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
ArcelorMittal SA, Argos Ltd., Ashtech India Pvt. Ltd., BASF SE, Boral Ltd., Carbon Enterprises Ltd., CEMEX SAB de CV, CR Minerals Co. LLC, CRH Plc, Diversified Minerals Inc., Dow Inc., Elkem ASA, Ferroglobe Plc, HeidelbergCement AG, Holcim Ltd., Kryton International Inc., Nippon Steel Corp., Shanghai Building Materials Group Co. Ltd., Sika AG, and Tata Steel Ltd. |
Market dynamics |
Parent market analysis, 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 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 report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
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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