Geopolymers Market Size and Growth Rate:
According to the Research Report, the Global Geopolymers Market Size is expected to show a whopping CAGR of 38.63% over the forecast period from 2018 to 2023.
Geopolymers Market - Drivers and Restraints:
One of the main drivers of market growth is the growing demand for repairs and refurbishments. On the other hand, it is expected that the lack of uniform standard regulation and lack of local flexibility will affect market growth.
Because of its unique properties, such as fast filler expanding into holes and cracks, easily miscible and cost-effective solutions make it highly suitable for repair and rehabilitation markets, compared to chemical mortars and about 98% post-industrial recycled materials, geopolymers market is strengthened. For example, due to its high strength and extremely low porosity, the geopolymer can be used for the rehabilitation of pipelines and structures in the civil infrastructure, the petroleum industries, and the chemical industry. In addition, they are used to repair tunnels, bridges, roads, rehabilitation and security buildings. It is expected that billions of dollars will be spent around the world to repair and correct infrastructure problems, particularly in emerging economies such as India, etc., where geopolymers are being used extensively. On average, half of the Earth-supported structures have settlement problems and traditional repair methods that contribute to problems such as additional pollution from air and groundwater. The markets are looking for new and innovative solutions to recurring structural problems and offer opportunities for the geopolymer.
Residential and industrial construction is the main driver of the global geopolymers market. Industrial buildings are developing profitably worldwide, especially in developing countries such as India and China. Government initiatives from various nations to open new markets or expand the existing market, increase the geographic footprint, and increase production units are likely to be the main drivers of the market over the forecast period.
Geopolymers Market – Regional Presence:
Asia-Pacific region has the largest market share, which is almost 58% of the world market in 2017. The market for Asia-Pacific is mainly driven by the growing construction sector in the region. The market is expected to grow at a healthy pace, due to advances in the consumer end sector such as construction, abundant raw material availability and government initiatives that promote green building practices. The industry is expected to benefit from growing demand triggered by a recovery in residential construction and infrastructure projects. In addition, the easy availability of raw materials such as fly ash in the region offers a lucrative opportunity for market investors around the world.
Some of the Prominent Companies leading the Geopolymers Market profiled in the Report are:
- Schlumberger Limited
- PCI Augsburg
- Milliken Infrastructure Solutions
The Research Report segments the Geopolymers Market into the following submarkets:
Geopolymers Market – By Product Type:
- Precast Panel
- Grout and Binder
Geopolymers Market - By Application:
- Road and Pavement
- Pipe and Concrete Repair
- Tunnel Lining
- Railroad Sleeper
- Coating Application
- Nuclear and Other Toxic Waste Immobilization
- Specific Mold Products
Geopolymers Market – By End User:
- Transportation Infrastructure
Geopolymers Market – By Region:
- North America
- United Kingdom
- South Korea
- Latin America
- Middle-East & Africa