Global Geopolymer Market to Reach US$ 40 Billion by 2032, Propelled by Rising Need for Sustainable Construction Materials

December 18, 2023 | Chemical & Materials

According to the latest report by IMARC Group, titled “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 Region 2024-2032,” the global geopolymer market size reached US$ 7.3 Billion in 2023. Geopolymers are inorganic, amorphous materials that are formed by the chemical reaction between aluminosilicate precursors and an alkaline solution. They exhibit excellent durability, with resistance to chemical corrosion, heat, and ultraviolet (UV) radiation. They have impressive compressive strength, making them suitable for load-bearing applications. They are highly fire-resistant and consequently considered ideal for applications in fire-prone environments. They have minimal shrinkage during curing, reducing the risk of cracking. They have a lower carbon footprint compared to traditional cement, as they require less energy for production. They can stabilize mine tailings and create durable backfills. They contribute to sustainability efforts by reducing carbon emissions associated with cement production. They are widely used in construction for structural elements, precast concrete, and repair materials.

Global Geopolymer Market Trends:

The growing concerns for the environment and the rising need for sustainable construction materials represent one of the primary factors influencing the market positively. Additionally, continuous investments in infrastructure development and the rising need for the repair and rehabilitation of aging structures are driving the demand for geopolymers. These materials exhibit excellent durability and resistance to chemical corrosion, making them ideal for various infrastructure applications, including bridges, roads, tunnels, and wastewater treatment plants. Furthermore, the increasing utilization of geopolymer-based backfill materials in underground mining operations to provide structural support and reduce the need for traditional cement-based solutions is offering a favorable market outlook. Moreover, the expanding applications of geopolymers in the oil and gas industry, particularly in well cementing and corrosion-resistant coatings are contributing to the market growth. In line with this, ongoing research and development (R&D) efforts in the field of geopolymers are leading to the discovery of new formulations and applications. Researchers are continuously exploring ways to improve the properties and cost-effectiveness of geopolymers, expanding their potential uses. Looking forward, the market value is projected to reach US$ 40 Billion by 2032, expanding at a CAGR of 20.9% during 2024-2032.

Market Summary:

  • Based on the application, the market has been classified into cement and concrete, furnace and reactor insulators, composites, and decorative artifacts. At present, cement and concrete represented the largest segment. 
  • On the basis of the end-use industry, the market has been classified into building construction, infrastructure, industrial, art and decoration, and others. Infrastructure currently holds the biggest market share.
  • Region-wise, the market has been segmented into Asia Pacific, Europe, North America, the Middle East and Africa, and Latin America. Amongst these, Asia Pacific exhibits a clear dominance in the market.
  • The competitive landscape of the market has also been examined, with some of the key players being Imerys Group, Milliken & Company Inc., PCI Augsburg GMBH, Rocla, Wagners, Universal Enterprise, Schlumberger Ltd, Murray & Roberts Cementation Co. Ltd, Banah UK Ltd, Zeobond Pty Ltd, Uretek, BASF, Corning Inc., Nu-Core, and Pyromeral Systems and Airbus.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Scope of the Report Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment:
  • Application
  • End-Use Industry
  • Region
Applications Covered Cement and Concrete, Furnace and Reactor Insulators, Composites, Decorative Artifacts
End-Use Industries Covered Building Construction, Infrastructure, Industrial, Art and Decoration, Others
Regions Covered Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Companies Covered Imerys Group, Milliken & Company Inc., PCI Augsburg GMBH, Rocla, Wagners, Universal Enterprise, Schlumberger Ltd, Murray & Roberts Cementation Co. Ltd, Banah UK Ltd, Zeobond Pty Ltd, Uretek, BASF, Corning Inc., Nu-Core, Pyromeral Systems and Airbus, etc.
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Global Geopolymer Market to Reach US$ 40 Billion by 2032, Propelled by Rising Need for Sustainable Construction Materials
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