Global Geopolymer Market Expected to Reach $32.17 billion by 2028

Overview and Scope

Geopolymers refers to inorganic aluminosilicate polymer that is generally produced at low temperatures and form solid ceramic-like structures. These materials have high mechanical characteristics, good heat stability >1000°C, and the brittle failure characteristic of ceramics. They are appropriate for using the same fabrication methods as thermosetting resins because of their low processing temperature.

Sizing and Forecast

The geopolymer market size has grown exponentially in recent years. It will grow from $9.77 billion in 2023 to $12.34 billion in 2024 at a compound annual growth rate (CAGR) of 26.3%. The growth in the historic period can be attributed to environmental sustainability, government regulations and standards, demand for high-performance materials, awareness and education, infrastructure development.

The geopolymer market size is expected to see exponential growth in the next few years. It will grow to $32.17 billion in 2028 at a compound annual growth rate (CAGR) of 27.1%. The growth in the forecast period can be attributed to rising construction industry trends, advancements in manufacturing processes, global urbanization and infrastructure projects, increased industry collaboration, research and development initiatives. Major trends in the forecast period include geopolymers in sustainable packaging, integration in the aerospace industry, standardization and certification initiatives, geopolymer concrete in seismic-prone regions, market expansion in developing economies.

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Segmentation & Regional Insights

The geopolymer market covered in this report 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

Asia-Pacific was the largest region in the geopolymer market in 2023. Western Europe is expected to be the fastest-growing region in the global geopolymer market during the forecast period. The regions covered in the geopolymer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth

The 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). For instance, in January 2023, according to a report published by the Office for National Statistics, a UK-based executive office of the UK Statistics Authority, the level of construction output produced in November 2022 was 3.1%, or $551.56 million (£452 million), higher as compared to February 2020, while repair and maintenance work was 15.5%, or $949.37 million (£778 million), higher than February 2020. Therefore, growth in construction activities drives the geopolymer market.

Key Industry Players

Major companies operating in the geopolymer market report are BASF SE, The Dow Chemical Company, Schlumberger Ltd., Schlumberger Limited, CEMEX S.A.B. de C.V., Corning Inc., Sika AG, Imerys Group SA, Rocla Pty Limited, Murray & Roberts Cementation Co. Ltd., NMAD Ltd, Wagners LLC, Fengyuan Chemical Co., Ltd., Inland Pipe Rehabilitation Inc., Alchemy Geopolymer, Technische Universiteit Delft, Clock Spring Co Inc, PCI Augsburg GmbH, Ecocem Materials Ltd, Pyromeral Systems SA, Zeobond Pty Ltd., Metna Co., Ltd., CeraTech USA LLC, Banah UK Ltd., Geopolymer Solutions LLC, Miliken & Company Inc., České lupkové závody AS, RENCA LIMITED, University of Sheffield, Crystalactor

The geopolymer market report table of contents includes: