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Geopolymer Market | Comprehensive Industry and Vendor Landscape 2027 | Banah UK Ltd, Clock Spring Company, Inc., Nu-Core

11-24-2021 07:38 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Coherent Market Insights

Geopolymer is a relatively new material used in thermal and refrigeration insulation. One of them is insulating heat loss through walls, which is called convective heat transfer; the other is heating an evenly mixed room utilizing its inherent structural properties, which is called dynamic radiation. The polygene was developed to achieve both properties. Geopolymers are inorganic polymers usually alumino-Silicate formed long chain, covalently bound, non-crystalline networks. Recently they have been discovered to be good conductors of electricity, which has made them highly useful in laboratories, batteries, computers, and other applications where high power usage is a problem.

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Competitive Landscape:
Major players operating in the global geopolymer market include CEMEX S.A.B. de C.V., ClockSpring|NRI, Schlumberger Limited, Geopolymer Solutions LLC, and Wagners'.

Key Market Drivers:

The increasing prevalence of chemical companies in the world is expected to drive the growth of the global geopolymer market. For instance, according to the International Council of Chemical Associations (ICCA), there are 14,000 chemical companies in the world, with 20,000 chemical manufacturing sites producing 21,500 unique chemical products that are extensively cross-referenced. Although some of the testings had to be done in a specialized environment due to the temperature and pressure variations needed, the testing proved that geopolymer could work as intended. The material proved to have similar electrical and thermal conductivity to both plastic and cement while maintaining a certain level of hardness. The material also exhibited wear resistance near the thermal expansion of up to 500 percent and durability over alkali attacks, both of which are typical of concrete. These tests form the basis of the current understanding of the material and its applications. Increasing utilization of geopolymers in several other sectors is estimated to enhance the growth of the global geopolymer market.

Covid-19 Impact Analysis:

The increasing expansion of the COVID-19 pandemic has significantly affected the growth of every sector in the world, including the global geopolymer market. Moreover, transport restrictions, stay-at-home orders, and lack of skilled laborers in the production and end-user plants have altogether affected the market growth.

Key Takeaways:

• The size of the global geopolymer market is assessed to grow at a CAGR of around 38% during the market forecast period, owing to increasing demand for the rehabilitation and repair market along with the increased projected output for fly ash.

• The Asia Pacific is expected to hold a major share of the global geopolymer market, owing to increasing construction activities in the region. For instance, according to the Builders’ Association of India, there are more than 1,75,000 construction companies in India currently.

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• North America is estimated to witness high growth in the global geopolymer market, owing to the increasing prevalence of construction and chemical companies in the region. The presence of key market players in the region has also positively impacted the market growth.

Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email:sales@coherentmarketinsights.com

About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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