Global Supplementary Cementitious Materials Market Projected to be Worth USD 100.6 Billion by 2021: Technavio

LONDON--()--According to the latest market study released by Technavio, the global supplementary cementitious materials (SCM) market is projected to grow to USD 100.6 billion by 2021, at a CAGR of more than 6% over the forecast period.

This research report titled ‘Global Supplementary Cementitious Materials Market 2017-2021’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments and all geographical regions.

 
Supplementary cementing materials are materials, which contribute to the properties of hardened concrete through hydraulic or pozzolan activity. The increase in construction activities in emerging APAC countries is creating an extremely high demand for cement, and in turn, supplementary cementitious materials.
 

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Based on the material type, the report categorizes the global supplementary cementitious materials market into the following segments:

  • Fly ash
  • Ferrous slag
  • Silica fumes

Fly ash

Fly ash occupied a majority 51% of the global market in 2016 and is expected to increase its shares over the forecast period. Fly ash is a by-product of thermal power generation, and is a commonly used pozzolan for concrete applications,” says Hitesh Bhatia, a lead analyst at Technavio for metals and minerals research.

Fly ash is a fine gray powder made up of aluminum oxide, silicon dioxide, and iron oxide. It is used in cement to improve its physical and chemical properties. It is used in road constructions, fire bricks, agricultures, water treatments, decorative glasses, and other applications.

Ferrous slag

The global supplementary cementitious materials market by ferrous slag is expected to be worth USD 33.5 billion by 2021. Ferrous slag cement or granulated blast furnace slag (GBFS), is a glassy and granular material formed during the cooling of molten iron blast-furnace slag.

Ferrous slag imparts hydraulic properties to SCM, which is used for pipe beddings, aggregates, filter medias, hydraulic bound mixes, and agricultural applications. APAC, MEA, and Latin America will be the major contributors to the market over the forecast period.

Silica fumes

Silica fumes are by-products of the ferrosilicon industry, which are used to enhance the durability and mechanical properties of concrete. Silica fumes may be added directly to the concrete as an individual ingredient or blended with Portland cement,” says Hitesh.

Silica fumes are used where concrete with greater resistance to chloride penetration is required, mainly for applications such as in bridges, parking structures, and bridge decks. Silica fumes are also used as pozzolans because of their highly reactive nature and large surface area.

The top vendors highlighted by Technavio’s research analysts in this report are:

  • CEMEX
  • Ferroglobe
  • LafargeHolcim
  • SCB International
  • Urban Mining Northeast
  • HeidelbergCement

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Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, resellers, and end-users.

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com

Release Summary

According to the latest market study released by Technavio, the global supplementary cementitious materials (SCM) market is projected to grow to USD 100.6 billion by 2021, at a CAGR of more than 6%.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com