Geopolymer Market Detailed Sales, New Technology Growth, Failures, Mechanical Performances And Forecast 2023-2032|Imerys Group SA, PCI Augsburg GmbH, Rocla Pty Limited, Schlumberger Ltd., Murray & RobertsCementation Co. Ltd.

The Geopolymer Global Market Report 2023 by The Business Research Company, provides geopolymer market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

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According to The Business Research Company’s Geopolymer Global Market Report 2023, the global geopolymer market size is expected to grow from $7.79 billion in 2022 to $9.80 billion in 2023 at a compound annual growth rate (CAGR) of 25.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global geopolymer market size is expected to reach $24.73 billion in 2027 at a CAGR of 26.0%.

Growth in construction activities is expected to propel the growth of the geopolymer market going forward. The process of constructing, renovating, and repairing any public or private structure is referred to as construction. Geopolymers are inorganic materials formed when aluminosilicates are alkali-activated, these aluminosilicate source materials can exist naturally or be generated industrially, and they have potential use in building materials (for example, in concrete manufacturing and soil stabilization)

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The geopolymer market is segmented:

1) By Product: Geopolymer Concrete, Geopolymer Binders, Other Products

2) By Application: Cement And Concrete, Furnace And Reactor Insulators, Composites, Decorative Artifacts

3) By End-User: Transportation Infrastructure, Building Construction, Infrastructure, Industrial, Art And Decoration, Offshore, Other End-Users

Product innovations are a key trend in gaining popularity in the geopolymer market. Major companies operating in the geopolymer market are focused on developing innovative solutions to strengthen their position in the market. For instance, In July 2020, CEMEX, S.A.B. de C.V., a Mexico-based construction materials firm, launched Vertua®, a low-carbon concrete line of products designed to offset leftover CO2 and produce a CarbonNeutral® concrete product. The product features concrete solutions for constructing foundations, floors, and walls, allowing construction businesses to lower their entire carbon footprint by 70% with a new innovative geopolymer cement solution. Its unique feature makes it distinct from other low-carbon concrete products in that it may be utilized in a variety of applications and includes the option for consumers to pick the extra advantage of offsetting the leftover CO2.

The geopolymer market report table of contents includes: