by Geopolymers are inorganic polymeric materials formed by reaction of aluminosilicate materials (e.g. fly ash) with alkali activator solutions (e.g. potassium hydroxide or sodium silicate). They have applications in refractories, insulators, fire protection materials as well as construction materials like structural bricks, concrete roof tiles and non-structural flooring and walling materials. Geopolymer concrete exhibits excellent fire, acid and heat resistant properties compared to ordinary Portland cement concrete owing to its amorphous three-dimensional macrostructure. It also curbs CO2 emissions significantly during production compared to ordinary cement. The rising focus on sustainable construction practices along with infrastructure development projects has augmented the demand for geopolymer materials worldwide.
The global geopolymer market is estimated to be valued at US$ 9.8 Bn in 2023 and is expected to exhibit a CAGR of 10% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
Rapid Development in Infrastructure Projects: There has been significant investments in infrastructure projects worldwide such as roads, highways, bridges, airports and rail networks which has propelled the demand for construction materials like geopolymer cement and concrete. Geopolymer materials provide durability and strength required for large infrastructure projects while also reducing CO2 footprint.
Raw Material Availability: Geopolymers utilize industrial byproducts like fly ash as raw materials which are abundantly and inexpensively available. This ensures stable supply and affordable prices of geopolymer materials in the long run. The availability of low-cost raw materials also helps in geopolymers’ price competitiveness against Portland cement in certain applications over the forecast period.
Segment Analysis
The Geopolymer Market Size is dominated by the fly ash based sub-segment. Fly ash, which is a by-product of coal burning thermal power plants, is readily available and comparatively cheaper than metakaolin. This makes fly ash based geopolymer more cost effective for use in large infrastructure projects. Another dominating sub-segment is slag based geopolymer. Slag is a by-product of steel manufacturing process, making it readily available.
PEST Analysis
Political: Strong government support and funding for infrastructure projects especially in developing countries is driving the geopolymer market growth. Many nations have also implemented strict environmental laws favoring use of more sustainable construction materials like geopolymers.
Economic: Emerging economies with high economic growth in Asia Pacific and Middle East regions are witnessing rapid urbanization and increase in infrastructure construction. This is fueling the demand for cost effective and sustainable construction materials like geopolymers.
Social: Increasing public awareness about sustainability and preference for green buildings is positively influencing the geopolymer market. Geopolymers assist in reducing CO2 emissions from concrete industry considerably.
Technological: Advancements in geopolymer production technologies have improved efficiency and reduced costs. Computer aided designing tools are also assisting architects and engineers to design structures using geopolymers with relative ease.
Key Takeaways
The global geopolymer market is expected to witness high growth at a CAGR of 10% during the forecast period of 2023 to 2030. The market size is projected to reach US$ 19.8 Bn by 2030 from US$ 9.8 Bn in 2023.
Regional analysis
The Asia Pacific region currently dominates the global geopolymer market and is expected to maintain its lead position during the forecast period. This can be attributed to massive ongoing and planned infrastructure development projects in countries like China and India. Abundant availability of raw materials like fly ash and slag in the region is also supporting the market growth.
Key players
Key players operating in the geopolymer market are RANplan Wireless Network Design Ltd, Comarch SA, Siterra Corporation (Accruent), Fulcrum, Amdocs, Atoll Solutions (Forsk), Wireless Network Infrastructure Management (WNIM) by Excelacom, C-Net, Bentley Systems, WebNMS (Zoho Corporation), Tower Cloud, RUCKUS Analytics (Commscope), GenieACS, Netadmin Systems AB, NMSaaS (Network Management Services as a Service). RANplan Wireless Network Design Ltd leads with innovative geopolymer solutions for advanced concrete applications.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. With an MBA in E-commerce, she has an expertise in SEO-optimized content that resonates with industry professionals.
