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on April 15, 2024
The latest report by IMARC Group, titled “Geopolymer Market Report by Application (Cement and Concrete, Furnace and Reactor Insulators, Composites, Decorative Artifacts), End-Use Industry (Building Construction, Infrastructure, Industrial, Art and Decoration, and Others), and Region 2024-2032“, The global geopolymer market size reached US$ 7.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 40 Billion by 2032, exhibiting a growth rate (CAGR) of 20.9% during 2024-2032.
Geopolymer is a material formed by chemically bonding together inorganic molecules to create a solid structure. Unlike traditional materials like cement, which rely on the use of Portland cement and produce a significant amount of carbon dioxide during production, geopolymers are produced using a chemical reaction that generates lower greenhouse gas emissions. They can be used in construction and various industrial applications as a more sustainable alternative. The production process of geopolymers involves mixing source materials, such as fly ash, slag, or clay, with an alkali activator solution. This mixture then undergoes a chemical reaction, resulting in the formation of a strong and durable material. Geopolymers have properties similar to traditional construction materials, including high strength, resistance to fire and chemicals, and excellent durability. As a result, geopolymers find applications in various sectors, including building & construction, infrastructure development, and aerospace engineering across the globe.
Geopolymer Market Trends and Drivers:
The global geopolymer market is primarily driven by the rising environmental concerns among individuals and the quest for sustainable construction solutions, as geopolymer materials offer reduced carbon emissions and lower energy consumption compared to traditional cement-based materials. Moreover, the increasing adoption of green building practices and stringent regulations on carbon emissions has catalyzed market growth, as geopolymer products align with these sustainability goals. Apart from this, numerous technological advancements and research in geopolymer formulations that improve material properties, enhancing their suitability for a wide range of applications, from infrastructure to fire-resistant materials, are propelling the market growth. Furthermore, the rapid expansion of infrastructure projects in emerging economies, where geopolymer-based products offer durable and cost-effective alternatives, is contributing to market growth.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/geopolymer-market/requestsample
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Application:
- Cement and Concrete
- Furnace and Reactor Insulators
- Composites
- Decorative Artifacts
Breakup by End-Use Industry:
- Building Construction
- Infrastructure
- Industrial
- Art and Decoration
- Others
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape with Key Player:
- Imerys Group
- Milliken & Company Inc.
- PCI Augsburg GMBH
- 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
- Airbus
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARCs information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the companys expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
Contact Us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145 |United Kingdom: +44-753-713-2163
Posted in: Business
Topics:
geopolymer market