Geopolymer Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 14.76 Billion |
| Market Size (2029) | USD 53.36 Billion |
| CAGR (2024 - 2029) | 29.32 % |
| Fastest Growing Market | North America |
| Largest Market | Asia-Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Geopolymer Market Analysis
The Geopolymer Market size is estimated at USD 14.76 billion in 2024, and is expected to reach USD 53.36 billion by 2029, growing at a CAGR of 29.32% during the forecast period (2024-2029).
The introduction of COVID-19 had a negative influence on the geopolymer business. The construction industry was one of the hardest hit, with ongoing projects halted and all new projects postponed due to a shortage of workers and government-imposed rigorous standards aimed at preventing the spread of the disease by the year 2020. However, the market is projected to grow steadily, owing to increased building and construction activities in 2021.
- Over the short term, environmental regulations and emission strain on the cement industry and higher demand from the repair and rehabilitation market are major factors driving the growth of the market studied.
- But the lack of uniform rules and standards is one of the main things that is expected to slow the growth of the target industry during the forecast period.
- Still, consumers are becoming more aware of the benefits of geopolymer products, which is likely to lead to growth opportunities for the global market in the near future.
- With rising construction activity in the region, Asia-Pacific dominated the global market.
Geopolymer Market Trends
This section covers the major market trends shaping the Geopolymer Market according to our research experts:
Building Segment to Dominate the Market
- The use of geopolymers in building construction has a vital role. Due to the rapidly growing construction activities and the overgrowing population across the world, large amounts of greenhouse gases are being emitted into the atmosphere, causing a huge environmental impact. With the increasing impact of greenhouse gases on the environment emitted either during cement manufacturing or in other alternate ways, the overall construction of building materials has created scope for the development and use of geopolymers in building construction.
- It has been noted that the building and construction sector has experienced rapid growth in the past few years. According to the World Bank, the value of the global construction industry reached USD 22.36 trillion in 2020 and registered growth compared to USD 27.18 trillion in 2021.
- The development of green technology in the construction industry dates back years. The increase in environmental awareness in recent years around the world has led to a positive assessment of the environmental impact of building materials in addition to their technical properties.
- Several types of geopolymer materials, such as geopolymer concrete, geopolymer cement, binders, geopolymer bricks, panels, and many others, are being used during building construction, owing to their versatile properties in reducing greenhouse emissions as well as energy savings.
- One of the recent applications of geopolymers in the building is cited as the first ever pile constructed in London, dated January 2021, using one of the leading geopolymer manufacturers, Wagner's Earth Friendly Concrete (EFC), by working with two leading UK firms, Keltbray Group and Capital Concrete.
- Additionally, in Australia, the University of Queensland's Global Change Institute (GCI), designed by Hassell in conjunction with Bligh Tanner and Wagners, is the world's first building to use geopolymer concrete for structural purposes.
- Moreover, with such growing usage of geopolymers in building construction, awareness has been growing among the public and governments over the advantages of using geopolymer concrete, and this can be related to Toowoomba Wellcamp Airport, in which mostly geopolymer concrete was used; approximately 23.000 m3 were used.
- Overall, the use of geopolymers in building construction has been growing. This is because geopolymers have a lot of benefits.
China to Dominate the Asia-Pacific Market
- In the Asia-Pacific region, China dominated the global market share with growing construction activities and increasing demand for construction materials.
- To fasten up its economic growth to recover the losses during the pandemic period, China's Ministry of Finance and National Development has planned to invest CNY 500 billion (USD 71.86 billion) in building up a state infrastructure fund in the third quarter of 2022, aimed at promoting infrastructure spending.
- Additionally, the country is working on the expansion of 30 airports to improve the connectivity to the country's fourth largest international hub Chengdu Tianfu International Airport.
- According to CAAC, China's 13th five-year plan include the expansion of air transportation services in low-income areas for poverty alleviation in 2020. The country is investing USD 1.43 trillion in the next five year till 2025, in major construction projects which includes ultra-high voltage energy projects, big data centers, high-speed railway, and intercity tracks & stations, 5G base stations, electric vehicle charging station, and various others.
- According to National Development and Reform Commission (NDRC), Shanghai plan includes the investment of USD 38.7 billion in the next three years, whereas Guangzhou has signed 16 new infrastructure projects with and investment of USD 8.09 billion.
- Additionally, the country is targeting to build five million 5G base stations in the next five years till 2025, a growth of 25 times from the current number of 5G base stations. These massive infrastructure development projects in the country are propelling the demand for geopolymers in China.
- The country is also working on road projects initiated in 2020 which include the construction of an expressway between the cities such as Guangnan Nasa and Xiahou Xingjie with an investment of USD 1.61 billion, Chengjiang and Huaning with an investment of USD 1.86 billion, and Quibei and Yanshan in Yunan province with an investment of USD 1.54 billion which are estimated to get completed in 2023.
- Additionally, the construction of two new highway projects connecting Nayong with Qinglong, andLiuzzii with Anlong in Guizhou Province with and investment of USD 8.68 billion is expected to positively impact the geopolymers market in China.
- Thereby, increasing the residential construction in the country which in turn will have a positive effect on the geopolymers market in the country.
Geopolymer Industry Overview
The geopolymer market is highly fragmented in nature. The major players in the geopolymers market are Wagners, Geopolymer Solutons LLC, SLB, ClockSpring|NRI, and CEMEX S.A.B. de C.V., among others (not in particular order).
Geopolymer Market Leaders
-
Geopolymer Solutions LLC
-
ClockSpring|NRI
-
CEMEX S.A.B. de C.V.
-
Wagners
-
SLB
*Disclaimer: Major Players sorted in no particular order
Geopolymer Market News
There are no recent developments pertaining to the market.
Geopolymer Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
-
4.1 Drivers
- 4.1.1 Environmental Regulations and Emission Strain on the Cement Industry
- 4.1.2 Higher Demand from the Repair and Rehabilitation Market
-
4.2 Restraints
- 4.2.1 Lack of Uniform Standards and Regulations
- 4.2.2 Unfavorable Conditions Arising Due to the COVID-19 Outbreak
- 4.3 Industry Value-chain Analysis
-
4.4 Porter's Five Forces Analysis
- 4.4.1 Bargaining Power of Suppliers
- 4.4.2 Bargaining Power of Consumers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitute Products and Services
- 4.4.5 Degree of Competition
5. MARKET SEGMENTATION (Market Size in Value)
-
5.1 Product Type
- 5.1.1 Cement, Concrete, and Precast Panel
- 5.1.2 Grout and Binder
- 5.1.3 Other Product Types
-
5.2 Application
- 5.2.1 Building
- 5.2.2 Road and Pavement
- 5.2.3 Runway
- 5.2.4 Pipe and Concrete Repair
- 5.2.5 Bridge
- 5.2.6 Tunnel Lining
- 5.2.7 Railroad Sleeper
- 5.2.8 Coating Application
- 5.2.9 Fireproofing
- 5.2.10 Nuclear and Other Toxic Waste Immobilization
- 5.2.11 Specific Mold Products
-
5.3 Geography
- 5.3.1 Asia-Pacific
- 5.3.1.1 China
- 5.3.1.2 India
- 5.3.1.3 Japan
- 5.3.1.4 South Korea
- 5.3.1.5 Rest of Asia-Pacific
- 5.3.2 North America
- 5.3.2.1 United States
- 5.3.2.2 Canada
- 5.3.2.3 Mexico
- 5.3.3 Europe
- 5.3.3.1 Germany
- 5.3.3.2 United Kingdom
- 5.3.3.3 Italy
- 5.3.3.4 France
- 5.3.3.5 Rest of Europe
- 5.3.4 Rest of the World
- 5.3.4.1 South America
- 5.3.4.2 Middle-East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Market Ranking Analysis
- 6.3 Strategies Adopted by Leading Players
-
6.4 Company Profiles
- 6.4.1 Banah UK Ltd
- 6.4.2 CEMEX SAB de CV
- 6.4.3 Českých Lupkových Závodech AS
- 6.4.4 ClockSpring|NRI
- 6.4.5 Geopolymer Solutions LLC
- 6.4.6 IPR
- 6.4.7 Murray & Roberts
- 6.4.8 PCI Augsburg GMBH
- 6.4.9 Rocla Pty Limited
- 6.4.10 Schlumberger Limited
- 6.4.11 Wagners
- 6.4.12 Zeobond Pty Ltd
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
- 7.1 Growing Consumer Awareness Regarding Benefits of Geopolymer Products
Geopolymer Industry Segmentation
Geopolymers are formed by the reaction between an alkaline solution and an aluminosilicate source or feedstock. Geopolymers are inorganic, two-component, aluminosilicate binders activated by an alkaline activator. The geopolymer market is segmented by product type, application, and geography. By product type, the market is segmented into cement, concrete, precast panel, grout and binder, and other product types. By application, the market is segmented into building, road and pavement, runway, pipe and concrete repair, bridge, tunnel lining, railroad sleeper, coating application, fireproofing, nuclear, and other toxic waste immobilization, and specific mold products. The report also covers the market sizes and forecasts for the Geopolymer market in 11 countries across major regions. For each segment, the market sizing and forecasts have been done on the basis of revenue (in USD million).
| Product Type | Cement, Concrete, and Precast Panel | |
| Grout and Binder | ||
| Other Product Types | ||
| Application | Building | |
| Road and Pavement | ||
| Runway | ||
| Pipe and Concrete Repair | ||
| Bridge | ||
| Tunnel Lining | ||
| Railroad Sleeper | ||
| Coating Application | ||
| Fireproofing | ||
| Nuclear and Other Toxic Waste Immobilization | ||
| Specific Mold Products | ||
| Geography | Asia-Pacific | China |
| India | ||
| Japan | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| Italy | ||
| France | ||
| Rest of Europe | ||
| Geography | Rest of the World | South America |
| Middle-East and Africa |
Geopolymer Market Research FAQs
How big is the Geopolymer Market?
The Geopolymer Market size is expected to reach USD 14.76 billion in 2024 and grow at a CAGR of 29.32% to reach USD 53.36 billion by 2029.
What is the current Geopolymer Market size?
In 2024, the Geopolymer Market size is expected to reach USD 14.76 billion.
Who are the key players in Geopolymer Market?
Geopolymer Solutions LLC , ClockSpring|NRI, CEMEX S.A.B. de C.V., Wagners and SLB are the major companies operating in the Geopolymer Market.
Which is the fastest growing region in Geopolymer Market?
North America is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Geopolymer Market?
In 2024, the Asia-Pacific accounts for the largest market share in Geopolymer Market.
What years does this Geopolymer Market cover, and what was the market size in 2023?
In 2023, the Geopolymer Market size was estimated at USD 11.41 billion. The report covers the Geopolymer Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Geopolymer Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Geopolymer Industry Report
The Global Geopolymer Concrete and Cement Market is segmented by various product types including cement, concrete, and precast panels, as well as grout and binder, among others. The market is also categorized based on applications such as building, road and pavement, runway, pipe and concrete repair, bridge, tunnel lining, railroad sleeper, coating application, fireproofing, nuclear and other toxic waste immobilization, and specific mold products. This comprehensive industry report provides an in-depth market overview and market segmentation, offering valuable industry information and industry statistics.
The market forecast outlook to 2029, along with a historical overview, provides insights into market trends and market growth. The industry analysis highlights the market size and market value, detailing the market leaders and their market share. The report example includes a report PDF download, making it accessible for further industry research and industry review.
The industry outlook and market predictions are essential for understanding the market data and market forecast. The report also covers industry sales and industry size, giving a clear picture of the market growth rate and market outlook. This market report is a crucial resource for research companies looking to stay ahead in the global market.
Overall, the report provides a detailed market analysis and industry overview, offering valuable insights into market trends and market segmentation. The industry reports and industry research presented in this report are indispensable for understanding the market dynamics and making informed business decisions.
