GEOPOLYMER MARKET ANALYSIS

Geopolymer MarketSize and Trends

Market Dynamics:-

Geopolymer is widely used as concrete and binders in the construction industry. The growing building and construction industry is expected to drive the growth of the Geopolymer Market. For instance, according to the Office for National Statistics, in 2018, the value of new construction work in the U.K. was US$ 146,385.77 million and is expected to grow continuously owing to the growing private sector.

Various properties associated with geopolymers such as ultra-porosity, high strength, low drying shrinkage, and acid resistance is fueling the growth of this market over the forecast period.

Furthermore, government is involved in developing large infrastructure projects, which is driving growth of the infrastructure industry, thus aiding the market growth. For instance, in April 2019, the European Commission agreed to invest US$ 4.43 billion in 10 member states dash; Bulgaria, Czechia, Germany, Greece, Hungary, Italy, Malta, Poland, Portugal and Romania for the growth of infrastructure industry.

Most of the key players in the geopolymer market are focused on adopting organic and inorganic strategies such as mergers and acquisitions, and joint ventures in order to strengthen their market position. For instance, in October 2016, JSW Cement, a part of JSW group, entered a joint venture with Wagners, a construction material and services provider in Australia, for production of geopolymer cement. JSW will have 74% of stake in the joint venture whereas Wagners will own 26%.