Press release
Supplementary Cementitious Materials Market Growing at Exponential CAGR by 2030 | ArcelorMittal SA, BASF SE, Boral Ltd, CEMEX SAB de CV, Ferroglobe Plc
Supplementary Cementitious Materials Market
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Leading players of the global supplementary cementitious materials market analyzed in the research include ArcelorMittal SA, Boral Ltd., BASF SE, Ferroglobe Plc., CEMEX SAB de CV, Sika AG, LafargeHolcim Ltd., and Tata Steel Ltd.
Rise in activities in the building and construction industry and surge in R&D investments to improve and formulate newer products and applications drive the growth of the global supplementary cementitious materials market. However, disadvantages related to fly ash in the construction industry hinder the market growth. On the other hand, effective solutions for waste management present new opportunities in the coming years.
Covid-19 Scenario:
• Owing to lockdown measures implemented in various countries during the Covid-19 pandemic, the construction activities halted and the demand for construction materials declined significantly. Moreover, workers returned to their hometowns due to closure of construction sites. This led to reduced demand for supplementary cementitious materials.
• Manufacturing activities of supplementary cementitious materials have been hampered partially or completely due to closure of facilities. Supply chain disruptions and raw material shortage resulted in lowered production activities.
• During the post-lockdown, the demand for various construction materials is expected to rise steadily as construction activities begin with full capacity and workers return to the construction sites.
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The report offers detailed segmentation of the global supplementary cementitious materials market based on type, application, and region.
Based on type, the slag cement segment contributed to the highest share in 2020, accounting for more than two-fifths of the total share, and is estimated to continue its leadership status during the forecast period. However, the fly ash segment is expected to portray the highest CAGR of 7.7% from 2021 to 2030.
Based on application, the residential segment accounted for the highest share in 2020, holding nearly half of the global supplementary cementitious materials industry, and is estimated to continue its dominance during the forecast period. However, the commercial segment is projected to manifest the largest CAGR of 7.8% from 2021 to 2030.
Based on region, Asia-Pacific held the highest share in terms of revenue in 2020, accounting for more than one-fourth of the total share, and is expected to continue its lead position by 2030. Moreover, this region is projected to witness the fastest CAGR of 8.7% during the forecast period. The research also analyzes regions including North America, Europe, and LAMEA.
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