The Global Geopolymer Market has been estimated at USD 1,502.6 million in 2015 and is projected to reach USD 7,184.32 million by 2020, at a CAGR of 36.74% during the forecast period from 2015 to 2020. The global Geopolymer business is in its nascent stage and is expected to grow exponentially over the following years and approximated at a CAGR of 40% during the forecast period. In 2015, over 8 million tonnes of Geopolymer concrete was poured globally. Increased global acceptance of Geopolymers has swiftly increased the amount many times over and by September 2015, 70000 tonnes of Geopolymer concrete was used to complete the Brisbane West Wellcamp airport in Australia.
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There exist a wide variety of potential and existing applications for Geopolymers. Some of the Geopolymer applications are still in development whereas others are already industrialized and commercialized.
The greatest application in volume comes through Geopolymer cement and which have been commercialized in many countries, the foremost being Australia and also being manufactured and studied by several research institutes. National standards and codes like the European cement standard, which is more prescriptive in nature and explicitly limit concrete to a Portland cement based binder, are an impediment to the industry.Performance based regulations like the ones implemented in Australia are more beneficial for the growth of research and industry. In the Geopolymer market report, we have taken into the following major end-user sectors into consideration: Buildings, Road and Pavements, Runways, Pipes and concrete repair, bridges, tunnel linnings, railroad sleepers and other uses.
The Buildings segment accounted for more than 19.5% share of the Global Geopolymer market in 2015.
The market is expected to be driven by construction chemicals as well as pre-set products oriented industries such as bricks and slabs, sealants & grouts, and others. The customer base is across markets from buildings, pavements, embankments, tunnel linings, railway sleepers to repair and rehabilitation of pipes, flooring and wall cracks as well as fireproofing panels.
With new laws being drafted for better sustainability, increase in the construction sector in the developing countries and especially with an increasing public and scientific demand for sustainable materials, the geopolymer products are expected to witness a high growth in the foreseeable future.The Geopolymer market, on the basis of type can be broadly segmented into Cement, Concrete and Precast Panels, Grouts and Binders and others. Cement, Concrete and Precast Panels segment is the biggest segment of this market.
The market has also been geographically segmented into APAC, North America, Europe, South America, and MEA. In terms of consumption in 2015, APAC led the market with a share of 57%.
It was followed by Europe and North America. This high production is driven by a rapid growth residential, commercial and public sector infrastructure on account of growing population and changing lifestyle.
However, with regard to geopolymer products, consumer awareness in China and India is still lagging behind Australian, European and North American counterparts. This has resulted in lower market penetration of geo-polymeric solutions in spite of them being the two biggest construction markets and presence of research dealing with newer geo-polymeric product innovations.
Company profiles of the major Geopolymer precursor, Geopolymer cement & concrete, Geopolymer resin, binder & grout, Geopolymer panels & composites have been discussed in this study. These include Imeys Group, Milliken & Company Inc., BASF SE, Dow Chemicals, Wagner, Rolca, Murray & Roberts Cementation Co.
Ltd., and Zeobond Pty Ltd. Among others.
Key Deliverables in the Study
Market analysis for the Global Geopolymer Market, with region specific assessments and competition analysis on global and regional scales
Market definition along with the identification of key drivers and restraints
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale
Extensively researched competitive landscape section with profiles of major companies along with their market shares
Identification and analysis of the macro and micro factors that affect the Global Geopolymer market on both global and regional scales
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information
A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market
Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
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