The Europe geopolymer market size reached US$ 1.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 3.9 Billion by 2028, exhibiting a growth rate (CAGR) of 19.9% during 2023-2028.
Geopolymers are inorganic materials that possess mineral molecules linked with covalent bonds. They occur naturally like obsidian and can also be synthesized chemically in the laboratory. Geopolymers provide thermal insulation with high resistance to heat and are used in fire and heat resistant coatings and adhesives, medicinal applications, high-temperature ceramics, and toxic and radioactive waste encapsulation. They function as a useful alternative for conventional cement that is highly energy-intensive and consumes a significant amount of natural resources. In the European region, geopolymers are used as a binder in the construction industry to reduce the usage of natural resources, thereby decreasing carbon dioxide emissions from cement plants.
The Europe geopolymer market is primarily driven by the growing demand for green concrete and construction materials. Geopolymers are environment-friendly materials that are utilized as binders in various residential structures, bridges, and runways across the region. They are also used in construction and demolition activities due to their recyclable nature. Besides this, the EU Emissions Trading Scheme (ETS) has set a maximum cap on emissions with allocated allowances to reduce greenhouse gas emissions in the region. This is providing a significant impact on the market outlook. Furthermore, extensive research and development (R&D) to commercially use slag produced from the metal processing industry in the production of geopolymers is also bolstering the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the Europe geopolymer market report, along with forecasts at the regional and country level from 2023-2028. Our report has categorized the market based on application and end use industry.
Breakup by Application:
Cement and Concrete
Furnace and Reactor Insulators
Breakup by End Use Industry:
Art and Decoration
Breakup by Country:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Base Year of the Analysis
Application, End-Use Industry, Country
Germany, France, United Kingdom, Italy, Spain, Others
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