The report titled Geopolymer Market – Global Outlook (2019-23) showcases an in-depth analysis of the market in terms of market size and application areas. This report also forecasts the growth numbers till 2023 (on a YoY basis) and hence suggests the Compound Annual Growth Rate (CAGR) for the estimated period.
“Booming construction sector and increasing per capita income in emerging economies enhancing growth”
Construction sector has building materials as the foundation of its industry and there are many players competing to become the leader at the global market. Building materials consists of rock, sand, cement among many others. Geopolymer is one of the building materials used in the construction sector. Geopolymers are formed by a process of geopolymerisation of mixture of compounds of silicone oxide, silico-aluminate, ferro-silico-aluminate or alumino-phosphate. These polymers have proven as an eco-friendly product which can be used in the form of binders, resins, cement and other medicinal uses as polymers. The global market is growing due to increased penetration of the products across regions with the help of government regulations. Increase in per capita income in emerging economies are driving the global market growth.
Geopolymers market is spreading across the global at an alarming rate. Most of the enterprise companies are acquiring the small and mid-level businesses to eliminate the competition in the market. These companies are now reaching out to other regions to reduce cost of production by introducing manufacturing units in various geographies. Standard cement industry and building codes in developed nations have grown the demand of geopolymers. Increasing commercial and non-commercial infrastructures have risen the requirement of increase in global geopolymer production volume, thus supporting the geopolymer market growth.
Going forward, geopolymers in APAC region are expected to grow with the highest adoption rate due to high growth in economy and increasing purchasing power among consumers. APAC has an exponential growth in the construction sector and this will further add to higher growth in the market of the region. The global geopolymer market is expected to grow with a CAGR of more than 25% during the forecast period of 2019-2023.
Market Segments and Forecasts Covered in the Report
The Global Geopolymer market is segmented by:
1. Application (Automotive and Aerospace, Building Materials and Others)
2. End-User (Enterprise, Medium and Small Business)
3. Geography (North America, South America, Europe, APAC and RoW)
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Uniqueness of this Report
1. In-depth segmentation of the geopolymer market
2. Market drivers, constraints, opportunity and challenges analysed
3. Market Metrics, Market Share, Porter’s Five Forces Analysis
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