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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Market Segmentation:
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:
China
Japan
India
South Korea
Australia
Indonesia
Others
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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
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