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Geopolymer Market Size is Expected To Reach US$ 15.8 Billion by 2027 With Growth Rate (CAGR) of 21.5%

10-03-2022 01:04 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: IMARC Group

Geopolymer Market Size is Expected To Reach US$ 15.8 Billion by 2027 With Growth Rate (CAGR) of 21.5%

Geopolymer Market Size is Expected To Reach US$ 15.8 Billion by 2027 With Growth Rate (CAGR) of 21.5%

According to IMARC Group latest published report, titled "Geopolymer Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," that The global geopolymer market size reached US$5 Billion in 2021. Looking forward, the market expects to reach US$15.8 Billion by 2027, exhibiting at a CAGR of 21.5% during 2022-2027.

Year Considered to Estimate the Market Size:
Base Year of the Analysis: 2021
Historical Period: 2016-2021
Forecast Period: 2022-2027

Geopolymers are inorganic ceramic materials that are synthesized by combining source materials that are rich in silica and alumina, including fly ash (FA) and ground granulated blast furnace slags (GGBFS), and strong alkali solutions such as potassium hydroxide (KOH) and sodium hydroxide (NaOH). While most of these polymers are artificially produced, a few also occur naturally. As geopolymers offer thermal insulation and high heat resistance, they are utilized in fire and heat resistant coatings, high-temperature ceramics, toxic and radioactive waste encapsulation and cement for forming concrete.

Covid-19 Impact:

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Request for a sample copy of this research report: https://www.imarcgroup.com/geopolymer-market/requestsample

Market Trends and Drivers

The geopolymer market is experiencing robust growth owing to rapid urbanization, growing global population and increasing infrastructural activities, particularly in the Asia Pacific region. As geopolymers offer advantageous properties, such as low creep, acid resistance, high strength, ultra-porosity and low drying shrinkage, they are rapidly replacing Portland cement as a binder in concrete. Additionally, geopolymers are cheaper than Portland cement, and their production emits lesser carbon dioxide. Therefore, they find applications in the repairing of roads, bridges, tunnels, and rehabilitation of pipes and structures in the civil infrastructure, oil and gas, and chemical industries. Further, governments in numerous countries are introducing stringent regulations to reduce greenhouse gas emissions. For instance, the EU Emissions Trading Scheme (ETS) sets a maximum cap on emissions with allocated allowances that have assisted in reducing greenhouse gas emissions in the region.

Some of the key players being: IMERYS (NK.PA), Milliken & Company Inc., PCI Augsburg GmbH (Basf), DuPont de Nemours, Inc. (DD), Rocla, WAGNERS FPO (WGN.AX), Universal Corporation's (NYSE:UVV), Schlumberger Ltd., Murray & Roberts Cementation Co. Ltd., Banah UK Ltd., Zeobond Pty Ltd., Uretek, BASF SE (BASFY), Corning Incorporated (GLW), Nu-Core, Pyromeral Systems and Airbus.

Browse full report with detailed TOC and list of figures and tables: https://www.imarcgroup.com/geopolymer-market

Market Segmentation:

Market Segmentation by Application:

• Cement and Concrete
• Furnace and Reactor Insulators
• Composites
• Decorative Artifacts

Market Segmentation by End-Use Industry:

• Building Construction
• Infrastructure
• Industrial
• Art and Decoration
• Others

Market Segmentation by Region:

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• Latin America

Related reports:

Fly Ash Market: https://www.imarcgroup.com/fly-ash-market

Precast Concrete Market: https://www.imarcgroup.com/precast-concrete-market

Polypropylene Copolymer Market: https://www.imarcgroup.com/polypropylne-copolymer-technical-material-market-report

Ferrite Magnet Market: https://www.imarcgroup.com/ferrite-magnet-powder-manufacturing-plant

Potassium Permanganate Market: https://www.imarcgroup.com/potassium-permanganate-technical-material-market-report

Samarium Cobalt Magnets Market: https://www.imarcgroup.com/prefeasibility-report-samarium-cobalt-magnet-manufacturing-plant

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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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