Global Geopolymer Market : Industry Analysis and forecast 2020 – 2027
Feb 20, 2021 00:44:17 AM
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Global Geopolymer Market size was valued US$ XX Mn. in 2019 and is expected to grow at a CAGR of 26.34% over 2020-2027, to account for US$ XXMn. in 2027.
Geopolymer is inorganic ceramic material categorized by networks of mineral molecules related to covalent bonds. Geopolymers mainly has high heat and fire resistance which is rising its adoption.
Global Geopolymer Market Overview:
Looking forward, the geopolymer market is expected to grow at a CAGR of around 26.34% during 2020-2027. Geopolymer demand from railroad sleepers is projected to rise, thanks to the opportunities created by the APAC economies, like China, Australia, and Singapore. Government initiatives by different countries for entering new markets or growing the existing market by increasing production units and growing the geographical footprint are expected to be the major driving factors for the global geopolymer market throughout 2020-2027.
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