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.
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.
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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.
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Key Insights from Market:
- Based on the application, the market has been classified into cement and concrete, furnace and reactor insulators, composites, and decorative artifacts. Amongst these, the cement and concrete segment exhibits a clear dominance in the market.
- On the basis of the end use, the market has been segmented into building construction, infrastructure, industrial, art and decoration, and others. Currently, building construction accounts for the majority of the total market share.
- Region-wise, the market has been divided into Asia Pacific, Europe, North America, Latin America, and Middle East and Africa. At present, Asia Pacific represents the leading market, holding the majority of the global share.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.