16
Oct

Geopolymers Market – Need for Sustainable Building Materials to Boost Growth | Technavio – Business Wire (press release)

LONDON–(BUSINESS WIRE)–Technavio
market research analysts forecast the global
geopolymers market
to grow at a CAGR of close to 34% during the
forecast period, according to their latest report.

The market study covers the present scenario and growth prospects of the
global geopolymers marketfor 2017-2021. The report also lists
cement and concrete, furnace and reactor insulators, composites, and
decorative artifacts as four major application segments, of which cement
and concrete application dominated the market with close to 85% of the
market share in 2016.

According to Hitesh Bhatia, a lead analyst at Technavio forspecialty
chemicals
research, “The global geopolymer market is expected to
witness high growth during the forecast period. This growth is primarily
attributed to an increase in end-user demand coupled with an increase in
product offerings. Manufacturers are increasingly introducing customized
offerings for clear and defined target customer segments. Geopolymers
are found to be the best replacement for ordinary concrete as they can
handle chemical and radioactive storage and can withstand corrosive acid
material.”

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Technavio analysts highlight the following three market drivers that are
contributing to the growth of the global geopolymers
market
:

  • Economic benefits of geopolymer concrete
  • Increased emphasis on sustainable building materials
  • Effective utilization of large amounts

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Economic benefits of geopolymer concrete

Compared with Portland cement concrete, geopolymer concrete cement
(GPCC) offers significant cost benefits. In addition, geopolymer
concrete is a low-carbon alternative to Portland cement concrete.
Furthermore, low drying shrinkage, low creep, excellent resistance to
sulfate attack, good acid resistance, and excellent fire resistance
offered by geopolymer concrete yield additional economic benefits when
it is used in infrastructure applications. Thus, economic benefits of
geopolymer concrete over conventional Portland cement will help to
propel market growth during the forecast period.

Increased emphasis on sustainable building materials

Dumping of industrial wastes is impacting the environment devastatingly.
Some of the common industrial wastes include fly ash, slags, and red
mud. One way of effectively using this waste is to convert it into
binder systems for concrete. The alkali activation of fly ash and slag
with an alkaline activator solution results in the formation of
geopolymers, which is an essential aspect of the green building concept.

“Additionally, geopolymers are also known to offer resource
efficiency, better air quality, and cost savings. The use of GPCC not
only reduces the carbon footprint, but it is also a perfect ecological
substitute for Portland concrete. These factors make GPCC a highly
desired material in the construction sector,”
says Hitesh.

Effective utilization of large amounts of industrial waste

Silica-alumina (commonly known as fly ash), is one of the industrial
wastes that is generated in large quantities globally. However, it is
seldom used or processed further. Fly ash is produced in large
quantities in power stations that use coal. By using fly ash to
manufacture geopolymers, the carbon footprint is greatly reduced, and a
large amount of industrial waste is handled effectively. Innovations on
this front will not only aid waste management but also lead to a drop in
the production cost of geopolymer formulations and thus help in better
market penetration of the material.

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