Press release
Geopolymer Market Growth, Analysis, Trends, Demand, Outlook, Opportunities and Market Forecast 2023-2030
More and more geopolymers are being created especially for applications like chemical resistance or high temperatures. In industrial contexts, geopolymers are being utilized more frequently, particularly in industries like aerospace, automotive, and manufacturing, where their resistance to corrosive chemicals and extreme heat is quite helpful.
Strong and durable building materials are required for the increasing number of infrastructure development projects, such as those involving roads, bridges, buildings, and airports, all over the world. For a range of infrastructure applications, geopolymers are the perfect material due to their remarkable strength and resistance to corrosion. With more than a third of the worldwide geopolymer market, Asia-Pacific is one of the developing areas due to the increasing construction of public infrastructure, including buildings, bridges, roads etc.
Geopolymer Market Size and Growth Analysis
The Global Geopolymer Market reached US$ 9.2 billion in 2022 and is expected to reach US$ 71.7 billion by 2030, growing with a CAGR of 29.2% during the forecast period 2023-2030.
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Geopolymer Market Dynamics and Trends
Apart from creating new infrastructure, infrastructure needs to be maintained and repaired. Since infrastructure can deteriorate over time, maintenance is necessary. President of the United States Biden signed the Bipartisan Infrastructure Bill into law in November 2021. This US$1.2 trillion initiative will rejuvenate America's deteriorating infrastructure system.
The newest development in the construction industry is green buildings. By its design, construction, or use, an ecologically friendly building can positively impact the surrounding landscape and climate. Green buildings are constructed using sustainable, ethical, and non-toxic materials. Two types of industrial waste byproducts employed in industry include fly ash, a byproduct of thermal power plants, and powdered granulated blast furnace slag, a byproduct of the iron industry.
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Geopolymer Market Segment Analysis
By Product
By Application
By End-User
By Region
Major Companies Covered
CEMEX S.A.B. DE C.V., Wagners, Geopolymer Solutions LLC, Schlumberger Limited, Milliken Company Inc, Zeobond Pty Ltd, Imerys Group, Adelaide Brighton Cement, Solidia Technologies and Corning Inc.
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