Authored By: Sarah
11 Jul 2024

 Geopolymers Market to grow by USD 12867.31 million between 2024-2028

According to a research report “ Geopolymers Market” by Product (Cement and concrete, Furnace and reactor insulators, Composites, Decorative artifacts) Application (Construction, Coating application, Fireproofing, Others) Geography (APAC, Europe, North America, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 12867.31 million at a CAGR of  25.57% during the forecast period. The cement industry contributes approximately 5% to global CO2 emissions, with 50% stemming from chemical processes and 40% from fuel combustion. Geopolymer cement, an eco-friendly alternative, reduces carbon emissions by 70-80%. Pyro-processing, crushing, grinding, and storage activities generate harmful dust, posing respiratory risks. Similar pollutants, including fly ash (FA), are produced by thermal power plants. With only 25% of FA utilized for high-value applications, efficient disposal methods are crucial. In the geopolymers market, the focus is on reducing carbon footprints and addressing environmental concerns through innovative cement solutions..

Browse market data tables, figures, and in-depth TOC on “Geopolymers Market” by Product (Cement and concrete, Furnace and reactor insulators, Composites, Decorative artifacts) Application (Construction, Coating application, Fireproofing, Others) Geography (APAC, Europe, North America, South America, Middle East and Africa) Global Forecast to 2028.

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By Product, the Cement and concrete segment is projected to dominate the market size in 2024.

In the construction industry, geopolymers have captured the largest market share due to their distinctive properties. Geopolymer concrete (GPC), a new player in the sector, utilizes pozzolanic materials like fly ash, ground granulated blast furnace slag (GGBFS), and rice husk ash as binding agents. These cementless, long-lasting, and eco-friendly alternatives offer cost savings, reduced energy consumption, and improved thermal stability. By utilizing industrial solid waste in GPC production, significant carbon emissions are avoided, contributing to a greener business environment. Every ton of cement manufactured generates one ton of carbon dioxide emissions, making geopolymers a more sustainable choice for the construction industry.

By Application, Construction  segment is expected to hold the largest market size for the year 2024.

In the realm of construction materials, geopolymers are emerging as a sustainable alternative to ordinary Portland cement (OPC). While OPC is a vital commodity in developing economies due to its role in concrete production, geopolymers offer superior binding properties and reduced environmental impact. Manufactured through a process called alkali-activated synthesis, geopolymers consist of a combination of alkaline activators and industrial by-products. Their production and transportation, unlike OPC, are less energy-intensive and cost-effective, making them an attractive option for businesses seeking to minimize their carbon footprint and reduce production costs. The geopolymers market is poised for significant growth as more businesses recognize their benefits and adopt them in their operations.

APAC is forecasted to hold the largest market size by region in 2024.

The APAC region, led by China and India, held the largest market share in the global geopolymers market in 2023. This trend is anticipated to continue, fueled by the surge in construction and infrastructure projects, urbanization, and industrialization. China, with the world's largest construction industry, is spearheading this growth through new launches and infrastructure plans, aimed at mitigating the economic repercussions of COVID-19 and fostering sustainable growth. The demographic shift towards residential construction, driven by rising household income levels and urban population migration, further bolsters the demand for the geopolymers market in China.

The Geopolymers Market t growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • 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.
  • Zeobond Pty Ltd.
.

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Research Analysis Overview

In the cement industry, there is a growing emphasis on eco-friendly solutions with a lower carbon footprint. Geopolymer cement, an industrial by-product derived from aluminosilicate materials and an alkaline solution, is gaining popularity due to its resistance to fire and improved mechanical properties. This mineral-based material is produced using industrial waste such as Fly ash (FA) and slag, reducing the need for conventional cement and the burning of fuel in the chemical process. The use of geopolymer materials in grout and binders for precast panels and concrete structures contributes to a significant reduction in CO2 emissions, making it a viable alternative in the cement industry. Furthermore, the incorporation of geopolymer cement in 5G base stations enhances their structural integrity while minimizing pollutants, such as dust, compared to traditional cement. Overall, the geopolymer market is expanding as the construction sector seeks sustainable and cost-effective solutions, while reducing its carbon footprint and minimizing waste from Landfill.

Market Research Overview

In the aerospace and infrastructure development sectors, the demand for eco-friendly practices is on the rise. Geopolymers, a mineral-based material derived from industrial by-products such as Fly ash (FA), have emerged as cost-effective alternatives to conventional cement. These materials offer extended service life, decreased environmental impact, and improved durability, making them ideal for use in tunnels, bridges, roads, and buildings. Geopolymers are produced through a chemical process that involves the reaction of aluminosilicate sources with an alkaline solution. This results in a binder that exhibits superior mechanical properties, resistance to fire, and reduced carbon emissions. The use of geopolymers in infrastructure projects, such as tunnel lining, bridge construction, and road and pavement repair, minimizes resource consumption and reduces the demand for traditional cement production. Moreover, geopolymers offer environmental benefits, including minimizing leaching, reducing energy consumption, and minimizing waste management systems. These materials are also used in art and decoration, 5G base stations, and grout and binder for precast panels. The demand for geopolymers is increasing due to their ability to reduce CO2 emissions, toxic waste immobilization, and fireproofing applications in various industries, including railroad sleepers, runways, and nuclear facilities.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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