Do You Want To Know The New Business Trend In - Global Geopolymer Market?

Geopolymers are typically ceramic, inorganic materials that form non-crystalline networks. They can be used for medical applications, heat and fire resistant coatings and adhesives, new cements for concrete, and others.

Market Dynamics:-

Geopolymer is widely used as concrete and binders in the construction industry. The growing building and construction industry is expected to drive the growth of the Geopolymer Market. For instance, according to the Office for National Statistics, in 2018, the value of new construction work in the U.K. was US$ 146,385.77 million and is expected to grow continuously owing to the growing private sector.

Various properties associated with geopolymers such as ultra-porosity, high strength, low drying shrinkage, and acid resistance is fueling the growth of this market over the forecast period.

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Furthermore, government is involved in developing large infrastructure projects, which is driving growth of the infrastructure industry, thus aiding the market growth. For instance, in April 2019, the European Commission agreed to invest US$ 4.43 billion in 10 member states – Bulgaria, Czechia, Germany, Greece, Hungary, Italy, Malta, Poland, Portugal and Romania for the growth of infrastructure industry.

Most of the key players in the geopolymer market are focused on adopting organic and inorganic strategies such as mergers and acquisitions, and joint ventures in order to strengthen their market position. For instance, in October 2016, JSW Cement, a part of JSW group, entered a joint venture with Wagners, a construction material and services provider in Australia, for production of geopolymer cement. JSW will have 74% of stake in the joint venture whereas Wagners will own 26%.

However, increasing demand for portland cement in construction, transportation infrastructure and offshore applications is expected to hinder the market growth.

Market Outlook:-

Among regions, Asia Pacific is estimated to hold a significant share in the global geopolymer market in 2019. This is attributed to rapid development of infrastructure in emerging economies such as India and China, coupled with increasing infrastructure investment which is driving growth of the Geopolymer Market.

According to the India Brand Equity Foundation (IBEF), the government of India is majorly investing in the infrastructure sector. For instance, in January 2018, the National Investment and Infrastructure Fund (NIIF) partnered with DP World UAE, to create a platform, which will mobilize investment valued US$ 3 Bn into terminals, ports, transportation businesses. Furthermore, China had the highest inland infrastructure investment share of GDP among ITF (International Transport Forum) countries in 2017, according to the Organization for Economic Co-operation and Development (OECD).

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Key Players:-

Players operating in the global geopolymer market include Banah UK Ltd, ?eských Lupkových Závodech AS, Wagners, Imerys Refractory Minerals, Clock Spring Company, Inc., Nu-Core, PCI Augsburg GmbH, Kiran Global Chem Limited, Zeobond Pty Ltd, URETEK among others.

Market Taxonomy:-

On the basis of product type, the global geopolymer market is segmented into:

Polypropylene
Polyethylene
On the basis of application, the global geopolymer market is segmented into:

Binders
Slag-based Binders
Rock-based Binders
Fly ash-based Binders
Grouts
Concrete
Others
On the basis of end-use, the global geopolymer market is segmented into:

Building & Construction
Transportation Infrastructure
Fire Safety
Pipe Protection & Coating
Others

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This release was published on openPR.