Geopolymers are the inorganic compounds, generally made from ceramic. The compounds are long-range materials that form covalent bond, which are usually amorphous or non-crystalline in nature. Geopolymer concrete material is an environmental-friendly one, which is used in place of Portland cement. As Portland cement emit more amount of carbon dioxide, geopolymer concrete is preferred more. The global geopolymer market is likely to witness a notable growth in forthcoming years of forecast period from 2016 to 2024. The key players are working upon creating and expanding their application base, which as a result is foreseen to create several scope of opportunities in future. These are the certain factors surging the demand for geopolymer concrete market all over the world. Transparency Market Research has recently published a report, titled “Geopolymer Concrete Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2024.”
The gradual rise in applications of geopolymers is among the major factor fueling the growth of geopolymer concrete market. Moreover, there has been a rise in demand for geopolymer in several industries, owing to its fire and heat resistant properties. This factor is also anticipated to contribute in the market growth in upcoming years. With the boom in construction sector in developed economies, the market is foreseen to flourish notably in coming years.
On the other hand, the moderate development rate of construction sector in developed nations is expected to bring down the growth of geopolymer concrete market in forthcoming years. However, increase in popularity and awareness among the buyers about the advantages of geopolymer products is propelling the global market growth. Moreover, there has been a significant rise in number of research and development activities and innovations resulting in increased growth rate of the market during the forecast period.
Based on geographies, the global geopolymer market is segment into Asia Pacific, North America, Europe, and the Middle East and Africa. Out of these, Europe and North America region are prognosticated to dominate the global geopolymer concrete market. These two regions, collective hold the maximum share in the market, and are likely to lead the market in upcoming years as well. The increase in requirement for effective and innovative products in developed nations of these regions is among the major factor behind the growth of entire market in upcoming years. Nevertheless, Asia Pacific region is foreseen to experience a significant growth due to increased focus by government bodies, particularly in developing nations in order to better their infrastructure during forecast period.
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The increase in concentration of major players on advancement in technology and new innovations is among the major factor likely to stimulate the demand for geopolymer concrete in the market. Zeobond, ASK Chemicals, Milliken Infrastructure Solutions, INOMAT GmbH, Wagner Global, Schlumberger Limited, Alchemy Geopolymer, Fengyuan Chemical, Ceske lupkove zavody, and PCI Augsburg GmbH (Basf), Ecocem. The rapid rise in demand for geopolymer is anticipated to draw attention of more number of players in order to expand their global reach in the market and strengthen their position in coming years.