Luton, Bedfordshire, United Kingdom, March 18, 2023 (GLOBE NEWSWIRE) -- Exactitude Consultancy, the market research and consulting wing of Ameliorate Digital Consultancy Private Limited has completed and published the final copy of the detailed research report on the Supplementary Cementitious Materials Market.
The Global Supplementary Cementitious Materials Market is expected to grow at more than 5.37% CAGR from 2022 to 2028. It is expected to reach above USD 17 billion by 2028 from a little above USD 12 billion in 2021. The market growth is driven by the increasing demand for sustainable construction practices and the growing awareness about the environmental impact of cement production.
Fly ash is the largest segment of the Supplementary Cementitious Materials market, accounting for over 50% of the total market share. Fly ash is a by-product of coal combustion and is commonly used as an SCM in concrete mixtures. Other SCMs such as slag, silica fume, and natural pozzolans are also used in concrete mixtures to enhance their properties.
The construction industry is the largest end-user segment of the Supplementary Cementitious Materials market, accounting for over 75% of the total market share. The use of SCMs in concrete mixtures provides several benefits such as increased strength, durability, and reduced carbon dioxide emissions. The growing demand for sustainable construction practices is driving the demand for SCMs in the construction industry.
Asia Pacific is the largest market for Supplementary Cementitious Materials, accounting for over 40% of the total market share. The region is expected to continue its dominance during the forecast period, driven by the increasing demand for sustainable construction practices in countries such as China, India, and Japan. North America and Europe are the other significant markets for Supplementary Cementitious Materials, driven by the growing awareness about the environmental impact of cement production and the increasing adoption of SCMs in the construction industry.
Overall, the Supplementary Cementitious Materials market is expected to witness significant growth in the coming years, driven by the increasing demand for sustainable construction practices and the growing adoption of SCMs in concrete mixtures to enhance their properties and reduce their environmental impact.
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Supplementary Cementitious Materials Market Overview
The supplementary cementitious materials market is estimated to register a CAGR of over 5.37% during the forecast period.
The delaying and shutting down of construction activities owing to the prolonged lockdowns and strict social distancing norms resulted in hampered demand for supplementary cementitious materials (SCM) globally. Disruptions in the supply chain and rising inflation have resulted in a brief slowdown in the growth of construction activities, thereby hindering the growth of the SCM market.
- In the long term, however, the construction industry is expected to boom globally during the forecast period. This growth can be attributed to the rising population, rising demand for better infrastructure, and widespread urbanization.
- The market is also expected to benefit from the rising environmental regulations, with the rising need for reducing CO2 emissions expected to drive the demand for supplementary cementitious materials during the forecast period.
- Although, the lack of awareness regarding the potential benefits of using supplementary cementitious materials is expected to serve as a hindrance to the growth of the market.
- The rising call for action on improving the overall environmental sustainability aspect associated with the building and construction industry could potentially lead to future opportunities for the market.
- Asia-Pacific region is expected to dominate the global market and is also likely to witness the highest CAGR during the forecast period.
| Report Attribute | Details |
| Supplementary Cementitious Materials Market size value in 2021 | USD 12 billion |
| Revenue forecast in 2028 | USD 17 billion |
| Market Growth rate | CAGR of 5.37% from 2022 to 2028 |
| Base year for estimation | 2021 |
| Historical data | 2018 - 2020 |
| Forecast period | 2022 - 2028 |
| Quantitative units | Revenue in USD Million, volume in units, CAGR from 2022 to 2028 |
| Report coverage | Revenue forecast, company ranking, competitive landscape, growth factors, trends |
| Segments covered | |
| Regional scope | North America; Europe; Asia Pacific; Latin America; MEA |
| Country scope | U.S.; Canada; Mexico; Germany; France; Italy; U.K.; China; India; Japan; Brazil; Saudi Arabia |
| Key companies profiled | Boral, HeielbergCement, Holcim, Cemex, Agros, Sika, Ferroglobe, Charah Solutions, Elkon, Elkem, IMERYS, Cementec, Titan America, SEFA Group, and Urban Mining Northeast. |
| Customization scope | Free report customization with purchase. Addition or alteration to country, regional & segment scope. |
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Companies Covered in Supplementary Cementitious Materials Market Report:
- Boral
- HeielbergCement
- Holcim
- Cemex
- Ferroglobe
- Charah Solutions
- Elkon
- Elkem
- IMERYS
- Cementec
- Titan America
- SEFA Group
- Urban Mining Northeast.
Report Benefits
- Develop business strategies by understanding the trends shaping and driving the Market.
- Drive revenues by understanding the key trends, innovative products and technologies, market segments, and companies likely to impact the Supplementary Cementitious Materials Market in the future.
- Formulate effective sales and marketing strategies by understanding the competitive landscape and by analyzing the company share of Supplementary Cementitious Materials Market leaders.
- Identify emerging players with potentially strong product portfolios and create effective counter-strategies to gain a competitive advantage.
- Track sales in the global and country-specific Market.
- Organize your sales and marketing efforts by identifying the market categories and segments that present maximum opportunities for consolidations, investments and strategic partnerships.
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Reasons to Purchase this Report:
- Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
- Provision of market value (USD Billion) data for each segment and sub-segment
- Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
- Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
- Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
- Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
- The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
- Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis
- Provides insight into the market through Value Chain
- Market dynamics scenario, along with growth opportunities of the market in the years to come
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Key Market Segments: Supplementary Cementitious Materials Market
By Type
- Fly Ash
- Silica Fume
- Slag Cement
- Others
By Application
- Cement
- Concrete
- Others
By End User Industry
- Residential
- Commercial
- Industrial
- Others
By Region
- North America
- South America
- Asia Pacific
- Europe
- Middle East and Africa
Supplementary Cementitious materials Market, by Region
Asia-Pacific accounted for a maximum share in the global SCMs market, owing to the presence of large number of manufacturers in the region. Increasing urbanization in developing countries including India and China along with rise in industrial, commercial and residential construction will fuel the market demand in the construction industry. However, less awareness about SCMs benefits in construction among the architectures and builders will hamper the market in forecast period.
Frequently Asked Questions About This Report
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- What are the factors driving the Supplementary Cementitious Materials Market?
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