China Geopolymer Market Report 2021-2026 | Industry Trends, Market Share, Size, Growth and Opportunities
According to the latest report by IMARC Group “China Geopolymer Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026“, The China geopolymer market is currently witnessing robust growth. the market is expected to continue its robust growth during the forecast period (2021-2026).
Geopolymers refer to synthesized inorganic ceramic materials identified by a chain of mineral molecules linked with covalent bonds. They are made by combining various materials,such as fly ash (FA), potassium hydroxide (KOH) and ground granulated blast furnace slags (GGBFS),that are rich in alkali, alumina and silica. Geopolymers are usually categorized as pure inorganic and organic-inorganic geopolymers. They offer thermal insulation, high heat resistance, and an amorphous microstructure at room temperature. On account of these properties, geopolymers are extensively utilized as fire-resistant coatings in medical applications, radioactive waste encapsulation, high-temperature ceramics, and cement for forming concrete.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
The China geopolymer market is primarily being driven by the abundant availability of raw materials and the increasing use of geopolymersin building, construction, and road engineering applications. In line with this, initiatives undertaken by the Government of the People’s Republic of China (PRC) to encourage green construction methods, including the development of novel low-CO2 binding geopolymers that can be produced by reusing industrial waste and coal, are contributing to the market growth. Additionally, rapid urbanization in China has resulted in the establishment of numerous power plants to deliver efficient power solutions to a vast population, which is further catalyzing the market growth. However, the sudden outbreak of the coronavirus disease (COVID-19) disrupted the demand, production, and supply chain of geopolymers, which has led to a decline in the overall market share of geopolymers in the country. Looking forward, the market is expected to exhibit robust growth during the next five years (2021-2026).
Breakup by Application:
- Cement and Concrete
- Furnace and Reactor Insulators
- Decorative Artifacts
Breakup by End Use Industry:
- Building Construction
- Art and Decoration
Breakup by Region:
- North and Northeast
- South Central
The competitive landscape of the industry has also been examined along with the profiles of the key players.
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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 industry 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.
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