Geopolymer is an inorganic polymer that can be used as an alternative to Portland cement. Geopolymers are typically formed through alkali activation of a source material such as fly ash or slag. This results in reduced energy usage and lower carbon emissions compared to traditional concrete production which heavily relies on Portland cement. 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 key trends: The reduced carbon footprint of geopolymers compared to conventional concrete has been a major factor driving increased adoption. Geopolymers emit 80-90% less carbon dioxide compared to Portland cement during production. With growing emphasis on lowering carbon emissions from the construction industry to mitigate climate change, geopolymer concrete is gaining ground over traditional cement. Several government policies and regulations incentivizing lower carbon construction materials have further accelerated the growth of the geopolymer market in recent years.
Segment Analysis
The global geopolymer market is dominated by the aluminosilicate segment. This segment accounts for over 70% of the market share as aluminosilicate geopolymers demonstrate better early strength compared to other types of geopolymers. They can gain significant strength within the first 24 hours, making them viable for precast and slipform construction.
Key Takeaways
The Global Geopolymer Market Demand is expected to witness high over the forecast period of 2023 to 2030 on account of rapid infrastructure development and increasing focus on sustainability. The market size is projected to reach US$ 9.8 Bn by 2023, growing at a CAGR of 10%.
Regional analysis: Asia Pacific region currently dominates the global geopolymer market with over 45% share. China, India, and Southeast Asian countries are experiencing significant growth in construction activities which is driving the demand for geopolymer in the region. The Asia Pacific region is expected to maintain its leading position over the forecast period owing to the anticipated infrastructure development projects in the developing nations.
Key players analysis: 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). The players are focusing on expanding their production capacities and global footprint to leverage the business opportunities presented by the rising demands.
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