In 2020, the global geopolymer market will reach USD 4.56 billion. Looking ahead, according to the latest report of IMARC Group, the market is expected to show strong growth in the next five years.
Geopolymers are inorganic ceramic materials by combining raw materials rich in silica and alumina, including fly ash (FA) and ground granular blast furnace slag (GGBFS), as well as potassium hydroxide (KOH) and sodium hydroxide Synthesis of iso-strong alkali solution (sodium hydroxide). Although most of these polymers are produced artificially, some are produced naturally. Because geopolymers have thermal insulation and high heat resistance, they are used in fire-resistant and heat-resistant coatings, high-temperature ceramics, encapsulation of toxic and radioactive waste, and cement used to form concrete.
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Although most of these polymers are produced artificially, some are produced naturally. Because geopolymers have thermal insulation and high heat resistance, they are used in fire-resistant and heat-resistant coatings, high-temperature ceramics, encapsulation of toxic and radioactive waste, and cement used to form concrete.
The competitive landscape of the market has been reviewed with some major players, including Imerys Group, Milliken & Company Inc., PCI Augsburg GMBH, Rocla, Wagners, Universal Enterprise, Schlumberger Ltd., Murray & Roberts Cementation Co. Ltd., Banah UK Ltd., Zeobond Pty Ltd., Uretek, BASF, Corning Incorporated, Nu-Core, Pyromeral Systems and Airbus.
Due to rapid urbanization, global population growth and increased infrastructure activities, the geopolymer market is experiencing strong growth, especially in the Asia-Pacific region. Because geopolymers have the advantages of low creep, acid resistance, high strength, super porosity, and low dry shrinkage, they are rapidly replacing Portland cement as a binder in concrete. In addition, geopolymers are cheaper than Portland cement, and their production emits less carbon dioxide.
Therefore, they are used in the repair of roads, bridges, tunnels, pipelines and structures in civil infrastructure, oil and gas, and chemical industries. In addition, many governments are introducing strict regulations to reduce greenhouse gas emissions. For example, the European Union's Emissions Trading Scheme (ETS) sets a maximum emission limit, and the allocated allowances help reduce greenhouse gas emissions in the region.
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