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Geopolymer Market 2021-2026: Global Size, Share, Trends and Research Report

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According to the latest report by IMARC Group, titled “Geopolymer Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global geopolymer market size reached a value of US$ 4.56 Billion in 2020. Looking forward, the market is expected to continue its moderate growth during the next five years.

Geopolymers are materials comprising chains or networks of mineral molecules that are linked with covalent bonds. They can be both natural and synthesized. Obsidian (volcanic glass) fragments are the major component of natural geopolymer blends. Commercially produced geopolymers can be formed by using industrial waste as raw material. They can be used in applications to fully or partially replace ordinary Portland cement (OPC) with added benefits such as improved resistance to fire, heat and aggressive chemicals as well as a significant reduction in carbon footprint. As a result, geopolymers are replacing OPC in several construction applications.

Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Request for a sample copy of this research report: https://www.imarcgroup.com/geopolymer-market/requestsample

Market Trends

The global geopolymer market is currently witnessing robust growth which can be accredited to the significant expansion of the construction industry. Rapidly increasing population, economic reforms and urbanization, especially in the developing countries, have resulted in infrastructural development, thus catalyzing the market growth. In addition, the repair and rehabilitation activities in the construction industry have also stimulated the market. Moreover, apart from being an affordable option, the manufacturing process of geopolymers is less energy-intensive and emits lesser carbon dioxide than that of OPC. With increasing environmental concerns and emission restrictions on the cement industry, the demand for geopolymers is witnessing a rise, thus further contributing to the market growth.

Some of the key players being: IMERYS (NK.PA), Milliken & Company Inc., PCI Augsburg GmbH (Basf), DuPont de Nemours, Inc. (DD), Rocla, WAGNERS FPO (WGN.AX), Universal Corporation’s (NYSE:UVV), Schlumberger Ltd., Murray & Roberts Cementation Co. Ltd., Banah UK Ltd., Zeobond Pty Ltd., Uretek, BASF SE (BASFY), Corning Incorporated (GLW), Nu-Core, Pyromeral Systems and Airbus.

Market Segmentation:

Market Segmentation by Application:

  •  Cement and Concrete
  •  Furnace and Reactor Insulators
  •  Composites
  •  Decorative Artifacts

Market Segmentation by End-Use Industry:

  •  Building Construction
  • Infrastructure
  • Industrial
  • Art and Decoration
  • Others

Browse full report with detailed TOC and list of figures and tables: https://bit.ly/2SGtF6yt

Market Segmentation by Region:

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • Latin America

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IMARC’s 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 company’s expertise.

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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.