According to the latest report by IMARC Group, titled "Geopolymer Market: China Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026," the China geopolymer market witnessed robust growth during 2015-2020. Geopolymers refer to synthesized inorganic ceramic materials identified by a chain of mineral molecules linked with covalent bonds. They are made by combining various materials,such as fly ash (FA), potassium hydroxide (KOH) and ground granulated blast furnace slags (GGBFS),that are rich in alkali, alumina and silica. Geopolymers are usually categorized as pure inorganic and organic-inorganic geopolymers. They offer thermal insulation, high heat resistance, and an amorphous microstructure at room temperature. On account of these properties, geopolymers are extensively utilized as fire-resistant coatings in medical applications, radioactive waste encapsulation, high-temperature ceramics, and cement for forming concrete.
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.
China Geopolymer Market Trends:
The China geopolymer market is primarily being driven by the abundant availability of raw materials and the increasing use of geopolymersin building, construction, and road engineering applications. In line with this, initiatives undertaken by the Government of the People’s Republic of China (PRC) to encourage green construction methods, including the development of novel low-CO2 binding geopolymers that can be produced by reusing industrial waste and coal, are contributing to the market growth. Additionally, rapid urbanization in China has resulted in the establishment of numerous power plants to deliver efficient power solutions to a vast population, which is further catalyzing the market growth. However, the sudden outbreak of the coronavirus disease (COVID-19) disrupted the demand, production, and supply chain of geopolymers, which has led to a decline in the overall market share of geopolymers in the country. Looking forward, the market is expected to exhibit robust growth during the next five years (2021-2026).
? Based on the application, the market has been segmented into cement and concrete, furnace and reactor insulators, composites, and decorative artifacts.
? On the basis of the end use industry, the market has been classified into building construction, infrastructure, industrial, art and decoration, and others.
? Based on the region, the market has been divided into north and northeast, northwest, east, south-central, and southwest.
? The competitive landscape of the market has also been examined, with some of the key players being Shandong Xinhua Pharmaceutical Co Ltd, Hubei Granules Biocause Pharmaceutical Co Ltd/JV, Shasun Pharmaceutical Ltd., Xinhua-Perrigo Pharmaceutical, and Zhejiang Hisoar Pharmaceutical Co Ltd.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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.
30 N Gould St, Ste R
Sheridan, WY (Wyoming) 82801 USA
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800