LONDON--(BUSINESS WIRE)--The supplementary cementitious materials market size is set to grow by USD 6.3 billion accelerating at a CAGR of almost 6%, during the period spanning over 2020-2024. One of the key factors driving growth is the increase in building and construction activities. Increasing investments in industrial parks and major infrastructural projects worldwide has increased the demand for supplementary cementitious materials. The emergence of environment-friendly cement technology is a significant trend that will further stimulate market growth. The rising need for sustainable infrastructure development is increasing the use of eco-friendly and low-cost variants of construction materials.
To learn more about the global trends impacting the future of market research, download a free sample now
Parent Market Analysis
Technavio categorizes the global supplementary cementitious materials market as a part of the global construction materials market within the global materials market. The parent global construction materials market covers products and companies engaged in the manufacture of construction materials, including sand, clay, gypsum, lime, aggregates, cement, concrete, bricks, and other materials. Growth in the global construction materials market will be driven by the upsurge in the global building and construction industry.
Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts
Supplementary Cementitious Materials Market: Geographic Segmentation
The report segments the market by geography: APAC, North America, Europe, South America, and MEA. About 54% of the market’s growth will originate from APAC during the forecast period. This is due to the increasing demand for industrial buildings, warehouses, and other infrastructure coupled with favorable regulatory policies in the region. China and India are the key markets for supplementary cementitious materials in APAC.
Supplementary Cementitious Materials Market: Segmentation by Type
The fly ash segment was leading the market in 2019. Fly ash is widely used in the construction industry to lower the quantity of cement to be added, without compromising on the strength of the concrete structure. Also, fly ash imparts various benefits such as reduced environmental pollution, lower GHG emissions, and weight reduction of the concrete structure. These factors are fueling the growth of the segment in the market. This report provides an accurate prediction of the contribution of all the segments to the growth of the supplementary cementitious materials market size.
Supplementary Cementitious Materials Market: Growth Drivers
The market is driven by the increase in building and construction activities worldwide. The growing focus on infrastructure development by governments across the world is increasing the number of construction activities. This is evident in emerging economies such as Vietnam, Malaysia, Indonesia, China, India, and the Philippines. For instance, the Government of Vietnam recently approved a new USD 921 million investment plan to boost the performance of its industrial parks. Similarly, in Indonesia, the ongoing Patimban Port project in Subang, West Java, is expected to improve the logistics performance and make the country a transshipment hub. The rise in the number of such construction projects will fuel the demand for supplementary cementitious materials such as fly ash, ferrous slag, and silica fume, thereby driving the growth of the market.
Supplementary Cementitious Materials Market: Challenges to Overcome
Some traditional builders are reluctant to adopt the use of fly ash. This is due to problems related to slower strength development and extended setting time of concrete when it is used in high volumes. Also, poor quality fly ash increases the permeability of concrete, which could end up damaging buildings and other construction projects. These concerns might limit the use of fly ash in the construction industry, thus impacting the overall market growth.
Supplementary Cementitious Materials Market: Vendor Landscape
This report provides information on revenue, organizational developments, and key go-to-market strategies of several leading supplementary cementitious materials companies, including:
- ArcelorMittal SA
- BASF SE
- Boral Ltd.
- CEMEX SAB de CV
- CRH Plc
- Ferroglobe Plc
- HeidelbergCement AG
- LafargeHolcim Ltd.
- Sika AG
- Tata Steel Ltd.
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.
Technavio reports cover the following key research areas:
- Detailed Analysis of Market Eco System
- Market favorability index
- Market opportunity by segments
- Analysis of drivers of price sensitivity
- Key purchase criteria
- Customer purchase basket
- Impact of Drivers and Challenges
- Factors of differentiation
- Landscape disruption
- Key industry risks
- Market position of vendors
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.