The Supplementary Cementitious Materials market is projected to grow due to construction industry trends and R&D investments, despite Covid-19 impacts.
Global Supplementary cementitious materials market growth is driven by rising activities in the building and construction industry and surge in R&D investments to improve and formulate newer products and applications. However, disadvantages related to fly ash in the construction industry hinder the market growth. On the other hand, effective solutions for waste management present new opportunities in the coming years.
According to the report published by Allied Market Research, the global supplementary cementitious materials market generated $20.1 billion in 2020, and is expected to reach $39.9 billion by 2030, witnessing at a CAGR of 7.2% from 2021 to 2030. The report offers a detailed analysis of changing market dynamics, key investment pockets, top segments, value chain, regional scenario, and competitive landscape.
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The report offers detailed segmentation of the global supplementary cementitious materials market based on type, application, and region.
Based on type, the slag cement segment contributed to the highest share in 2020, accounting for more than two-fifths of the total share, and is estimated to continue its leadership status during the forecast period. However, the fly ash segment is expected to portray the highest CAGR of 7.7% from 2021 to 2030.
Covid-19 Scenario:
Based on application, the residential segment accounted for the highest share in 2020, holding nearly half of the global supplementary cementitious materials market, and is estimated to continue its dominance during the forecast period. However, the commercial segment is projected to manifest the largest CAGR of 7.8% from 2021 to 2030.
Based on region, Asia-Pacific held the highest share in terms of revenue in 2020, accounting for more than one-fourth of the total share, and is expected to continue its lead position by 2030. Moreover, this region is projected to witness the fastest CAGR of 8.7% during the forecast period. The research also analyzes regions including North America, Europe, and LAMEA.
Leading players of the global supplementary cementitious materials market analyzed in the research include ArcelorMittal SA, Boral Ltd., BASF SE, Ferroglobe Plc., CEMEX SAB de CV, Sika AG, LafargeHolcim Ltd., and Tata Steel Ltd.
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About Us
Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.
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The article discusses the growth and forecast of the Supplementary Cementitious Materials market from 2021 to 2030.
Covid-19 led to reduced demand and production due to halted construction activities and supply chain disruptions.
Asia-Pacific held the highest market share in 2020 and is expected to continue leading by 2030.
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