The latest report by IMARC Group, titled “Europe Geopolymer Market Report by Application (Cement and Concrete, Furnace and Reactor Insulators, Composites, Decorative Artifacts), End Use Industry (Building Construction, Infrastructure, Industrial, Art and Decoration, and Others), and Country 2024-2032,” finds that the Europe geopolymer market size reached US$ 1.5 Billion in 2023. Geopolymers are sustainable materials comprising mineral molecules linked with covalent bonds. They are formed by polymerizing an alkaline solution and aluminosilicate, such as metakaolin, mining wastes, and fly ash. These materials occur naturally and can be synthesized chemically in the laboratory. They are inorganic, provide thermal stability, durability, and resistance to high temperatures, heat, and cold, offer high tensile strength, minimize carbon footprint, and use industrial waste products, including fly ash, coal power plants, and slag. As a result, geopolymers are gaining traction in the construction industry as a binder to reduce the usage of natural resources and carbon dioxide (CO2) emissions from cement plants across Europe.
Europe Geopolymer Market Trends:
The market is primarily driven by rising environmental awareness across the region. Moreover, the increasing product utilization in fire and heat-resistant coatings and adhesives, high-temperature ceramics, medicinal applications, and toxic and radioactive waste encapsulation are accelerating the product adoption rate. Additionally, the widespread adoption of geopolymers due to their numerous advantages, such as low creep and acid resistance, ultra-porosity, low drying shrinkage, and high strength, are providing lucrative growth opportunities to industry players. Besides this, the growing applications of geopolymers as binders in bridges, residential structures, construction, and runways are influencing market growth. Furthermore, extensive research and development (R&D) activities conducted by key players to commercially manufacture geopolymers with slag produced from the metal processing industry are propelling the market growth. Other factors, including high investment, rapid industrialization, and various technological advancements in the construction sector, are creating a positive market outlook across the European region. Looking forward, IMARC Group expects the market value to reach US$ 6.7 Billion by 2032, exhibiting a CAGR of 17.4% during the forecast period (2024-2032).
Market Summary:
- Based on the application, the market has been categorized 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.
- Country-wise, the market has been divided into Germany, France, the United Kingdom, Italy, Spain, and others.
- The competitive landscape of the industry has also been examined in the report with detailed profiles of the key players operating in the industry.
Report Scope:
Report Features |
Details |
Base Year of the Analysis |
2023 |
Historical Period |
2018-2023 |
Forecast Period |
2024-2032 |
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$ 3699
Five User License: US$ 4699
Corporate License: US$ 5699 |
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) |
About Us:
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.
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