IMARC Group, a leading market research company, has recently releases report titled “Europe Geopolymer Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the global Europe geopolymer market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How Big is the Europe Geopolymer Market?
The Europe geopolymer market size reached US$ 1.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 3.9 Billion by 2028, exhibiting a growth rate (CAGR) of 19.9% during 2023-2028.
What is Europe Geopolymer?
Geopolymers are a kind of inorganic ceramic materials that are synthesized with alkaline or acidic mediums through polycondensation reaction. They can be further formulated chemically from the mixture of multiple aluminosilicates and industrial disposals, including fly ash, metakaolin, mining wastes, and alkali reagents like sodium hydroxide. They can be classified mainly into pure inorganic and hybrid types. Geopolymers possess good compressive strength, amorphous microstructure at room temperature, and low permeability. Based on these properties, they are utilized in high-temperature ceramics for concrete, paints, adhesives, fire-resistant fiber composites, medicines, and binders.
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What Are the Growth Prospects and Trends in the Europe Geopolymer Market?
The Europe geopolymer market growth can be attributed to the ongoing infrastructural projects across the region and the growing need for environment-friendly concrete and binder for the development and renovation of various residential and commercial complexes. In line with this, the enforcement of green initiatives by regional governments and involvement due to the increasing environmental concerns has supplemented the product demand as they consume less energy and generate low emissions. Moreover, geopolymers offer several advantages, such as ultra-porosity, high strength, low drying shrinkage, and resistance to acid, which are further intensifying their usage across various sectors. Additionally, the increasing demand for Portland cement for transportation infrastructures such as bridges and runways in the region and offshore applications is favoring the market growth. Besides this, the extensive research and development (R&D) initiatives to commercially generate geopolymers with enhanced efficacy by using slag are contributing to the market growth in Europe.
What is Included in Market Segmentation?
The report has categorized the market based on application and end use industry.
Breakup by Application:
- Cement and Concrete
- Furnace and Reactor Insulators
- Composites
- Decorative Artifacts
Breakup by End Use Industry:
- Building Construction
- Infrastructure
- Industrial
- Art and Decoration
- Others
Breakup by Country:
- Germany
- France
- United Kingdom
- Italy
- Spain
- Others
Who Are the Key Players Operating in the Europe Geopolymer Industry?
The competitive landscape of the industry has also been examined along with the profiles of the key players.
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Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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