Geopolymer Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Description
Geopolymer Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
The global geopolymer market size reached US$ 6.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 19 Billion by 2028, exhibiting a growth rate (CAGR) of 21.2% during 2023-2028.
Geopolymers are inorganic ceramic materials characterized by networks of mineral molecules linked with covalent bonds. They can be classified into two groups, namely, pure inorganic and hybrid (organic-inorganic) geopolymers. Although geopolymers like obsidian occur naturally, they can also be synthesized chemically. Geopolymers have an amorphous microstructure at room temperature owing to which they have high heat resistance and can be used for thermal insulation. Commercially produced geopolymers are currently used in fire and heat resistant coatings and adhesives, medicinal applications, high-temperature ceramics, and toxic and radioactive waste encapsulation.
Global Geopolymer Market Drivers:
Geopolymers offer advantages such as high strength, ultra-porosity, low drying shrinkage, low creep and acid resistance. On account of these properties, they are used to substitute Portland cement as a binder in concrete. They are also utilized for repairing bridges, tunnels, roads, and in the rehabilitation of pipes and structures in the civil infrastructure, oil and gas, and chemical industries. Moreover, geopolymers are cheaper than Portland cement, and their production emits lesser carbon dioxide. With rising environmental regulations and emission strain on the cement industry, the demand for geopolymers is increasing. Furthermore, factors such as technological developments and innovations in the construction sector are also contributing to the growth of the global geopolymer market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global geopolymer market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on application and end-use industry.
Breakup by Application:
Cement and Concrete
Furnace and Reactor Insulators
Composites
Decorative Artifacts
Based on the application, the market has been segmented into cement and concrete, furnace and reactor insulators, composites, and decorative artifacts. The cement and concrete segment currently accounts for the largest share.
Breakup by End-Use Industry:
Building Construction
Infrastructure
Industrial
Art and Decoration
Others
On the basis of end-use industries, the market has been segmented into building construction, infrastructure, industrial, art and decoration, and others.
Breakup by Region:
Asia-Pacific
Europe
North America
Middle East and Africa
Latin America
Region-wise, the market has been segmented into Asia Pacific, Europe, North America, Middle East and Africa, and Latin America. Amongst these, Asia Pacific is the biggest market, accounting for majority of the global share.
Competitive Landscape:
The competitive landscape of the market has also been examined with some of the key players being 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 and Airbus.
Key Questions Answered in This Report:
How has the global geopolymer market performed so far and how will it perform in the coming years?
What are the key regional markets in the global geopolymer industry?
What has been the impact of COVID-19 on the global geopolymer market?
What is the breakup of the global geopolymer market on the basis of application?
What is the breakup of the global geopolymer market on the basis of end-use industry?
What are the various stages in the value chain of the global geopolymer market?
What are the key driving factors and challenges in the global geopolymer market?
What is the structure of the global geopolymer market and who are the key players?
What is the degree of competition in the global geopolymer market?
How are geopolymers manufactured?
The global geopolymer market size reached US$ 6.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 19 Billion by 2028, exhibiting a growth rate (CAGR) of 21.2% during 2023-2028.
Geopolymers are inorganic ceramic materials characterized by networks of mineral molecules linked with covalent bonds. They can be classified into two groups, namely, pure inorganic and hybrid (organic-inorganic) geopolymers. Although geopolymers like obsidian occur naturally, they can also be synthesized chemically. Geopolymers have an amorphous microstructure at room temperature owing to which they have high heat resistance and can be used for thermal insulation. Commercially produced geopolymers are currently used in fire and heat resistant coatings and adhesives, medicinal applications, high-temperature ceramics, and toxic and radioactive waste encapsulation.
Global Geopolymer Market Drivers:
Geopolymers offer advantages such as high strength, ultra-porosity, low drying shrinkage, low creep and acid resistance. On account of these properties, they are used to substitute Portland cement as a binder in concrete. They are also utilized for repairing bridges, tunnels, roads, and in the rehabilitation of pipes and structures in the civil infrastructure, oil and gas, and chemical industries. Moreover, geopolymers are cheaper than Portland cement, and their production emits lesser carbon dioxide. With rising environmental regulations and emission strain on the cement industry, the demand for geopolymers is increasing. Furthermore, factors such as technological developments and innovations in the construction sector are also contributing to the growth of the global geopolymer market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global geopolymer market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on application and end-use industry.
Breakup by Application:
Cement and Concrete
Furnace and Reactor Insulators
Composites
Decorative Artifacts
Based on the application, the market has been segmented into cement and concrete, furnace and reactor insulators, composites, and decorative artifacts. The cement and concrete segment currently accounts for the largest share.
Breakup by End-Use Industry:
Building Construction
Infrastructure
Industrial
Art and Decoration
Others
On the basis of end-use industries, the market has been segmented into building construction, infrastructure, industrial, art and decoration, and others.
Breakup by Region:
Asia-Pacific
Europe
North America
Middle East and Africa
Latin America
Region-wise, the market has been segmented into Asia Pacific, Europe, North America, Middle East and Africa, and Latin America. Amongst these, Asia Pacific is the biggest market, accounting for majority of the global share.
Competitive Landscape:
The competitive landscape of the market has also been examined with some of the key players being 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 and Airbus.
Key Questions Answered in This Report:
How has the global geopolymer market performed so far and how will it perform in the coming years?
What are the key regional markets in the global geopolymer industry?
What has been the impact of COVID-19 on the global geopolymer market?
What is the breakup of the global geopolymer market on the basis of application?
What is the breakup of the global geopolymer market on the basis of end-use industry?
What are the various stages in the value chain of the global geopolymer market?
What are the key driving factors and challenges in the global geopolymer market?
What is the structure of the global geopolymer market and who are the key players?
What is the degree of competition in the global geopolymer market?
How are geopolymers manufactured?
Table of Contents
111 Pages
- 1 Preface
- 2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
- 3 Executive Summary
- 4 Introduction
- 4.1 Overview
- 4.2 Properties
- 4.3 Key Industry Trends
- 5 Global Geopolymer Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Breakup by Application
- 5.5 Market Breakup by End-Use Industry
- 5.6 Market Breakup by Region
- 5.7 Market Forecast
- 6 Market Breakup by Application
- 6.1 Cement and Concrete
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Furnace and Reactor Insulators
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Composites
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Decorative Artifacts
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
- 7 Market Breakup by End-Use Industry
- 7.1 Building Construction
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Infrastructure
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Industrial
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Art and Decoration
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 7.5 Others
- 7.5.1 Market Trends
- 7.5.2 Market Forecast
- 8 Market Breakup by Region
- 8.1 Asia Pacific
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Europe
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 North America
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Middle East and Africa
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 8.5 Latin America
- 8.5.1 Market Trends
- 8.5.2 Market Forecast
- 9 Global Geopolymer Industry: SWOT Analysis
- 9.1 Overview
- 9.2 Strengths
- 9.3 Weaknesses
- 9.4 Opportunities
- 9.5 Threats
- 10 Global Geopolymer Industry: Value Chain Analysis
- 10.1 Overview
- 10.2 Research and Development
- 10.3 Raw Material Procurement
- 10.4 Manufacturing
- 10.5 Marketing
- 10.6 Distribution
- 10.7 End-Use
- 11 Global Geopolymer Industry: Porters Five Forces Analysis
- 11.1 Overview
- 11.2 Bargaining Power of Buyers
- 11.3 Bargaining Power of Suppliers
- 11.4 Degree of Competition
- 11.5 Threat of New Entrants
- 11.6 Threat of Substitutes
- 12 Global Geopolymer Industry: Price Analysis
- 12.1 Price Indicators
- 12.2 Price Structure
- 12.3 Margin Analysis
- 13 Geopolymer Manufacturing Process
- 13.1 Product Overview
- 13.2 Raw Material Requirements
- 13.3 Manufacturing Process
- 13.4 Key Success and Risk Factors
- 14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 Imerys Group
- 14.3.2 Milliken & Company Inc.
- 14.3.3 PCI Augsburg GMBH
- 14.3.4 Rocla
- 14.3.5 Wagners
- 14.3.6 Universal Enterprise
- 14.3.7 Schlumberger Ltd
- 14.3.8 Murray & Roberts Cementation Co. Ltd
- 14.3.9 Banah UK Ltd
- 14.3.10 Zeobond Pty Ltd
- 14.3.11 Uretek
- 14.3.12 BASF
- 14.3.13 Corning Inc.
- 14.3.14 Nu-Core
- 14.3.15 Pyromeral Systems
- 14.3.16 Airbus
Pricing
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