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Europe Geopolymer Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Report Format: PDF+Excel | Report ID: SR112023A3693
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Market Overview:
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
- Composites
- Decorative Artifacts
Breakup by End Use Industry:
- Building Construction
- Infrastructure
- Industrial
- Art and Decoration
- Others
Breakup by Country:
- Germany
- France
- United Kingdom
- Italy
- Spain
- Others
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2022 |
| Historical Period | 2017-2022 |
| Forecast Period | 2023-2028 |
| Units | US$ Billion |
| Segment Coverage | Application, End-Use Industry, Country |
| Countries Covered | Germany, France, United Kingdom, Italy, Spain, Others |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 2699 Five User License: US$ 3699 Corporate License: US$ 4699 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The Europe geopolymer market was valued at US$ 1.3 Billion in 2022.
We expect the Europe geopolymer market to exhibit a CAGR of 19.9% during 2023-2028.
The rising consumer inclination towards geopolymer over Portland cement as a binder in concrete, owing to their high strength, ultra-porosity, low drying shrinkage, low creep, and acid resistance properties, is primarily driving the Europe geopolymer market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several European nations in the temporary halt in numerous construction activities, thereby negatively impacting the European market for geopolymer.
Based on the application, the Europe geopolymer market has been segregated into cement and concrete, furnace and reactor insulators, composites, and decorative artifacts. Among these, cement and concrete currently holds the largest market share.
Based on the end use industry, the Europe geopolymer market can be bifurcated into building construction, infrastructure, industrial, art and decoration, and others. Currently, the infrastructure industry exhibits a clear dominance in the market.
On a regional level, the market has been classified into Germany, France, United Kingdom, Italy, Spain, and others, where Germany currently dominates the Europe geopolymer market.
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