According to IMARC Group’s latest report, titled “Asia Pacific Geopolymer Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the market exhibited robust growth during 2015-2020. Geopolymer is a ceramic material that is generally produced through the reaction between an aluminosilicate source and an alkaline solution. It is characterized by chains of mineral molecules that are linked with covalent bonds. Additionally, it exhibits superior mechanical properties with excellent strength and high resistance to acids and fire. Therefore, it is widely utilized in the construction of road pavements, railway sleepers, cement mortars and electric power poles.
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The market in the Asia Pacific region is primarily driven by significant growth in the construction industry. Along with this, rising investments by private and public agencies in infrastructural development projects, such as power plants and road engineering, are creating a positive outlook for the market across the region. Moreover, the increasing environmental concerns among individuals have encouraged the masses to substitute cement with geopolymers, which is considered to be a major growth-inducing factor across the Asia Pacific region. Other factors, including a significant rise in reconstruction activities and extensive research and development (R&D) activities conducted by key players, are also contributing to the market further. Looking forward, IMARC Group expects the Asia Pacific geopolymer market to continue its robust growth during 2021-2026.
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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 behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Breakup by Application:
- Cement and Concrete
- Furnace and Reactor Insulators
- Decorative Artifacts
Breakup by End Use Industry:
- Building Construction
- Art and Decoration
Breakup by Country:
- South Korea
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- 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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