Global Supplementary Cementitious Materials Market Size By Product (Ferrous Slag, Fly Ash, Silica Fumes), By Geographic Scope And Forecast
Published on: 2024-08-07 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
Global Supplementary Cementitious Materials Market Size By Product (Ferrous Slag, Fly Ash, Silica Fumes), By Geographic Scope And Forecast
Supplementary Cementitious Materials Market Size And Forecast
Supplementary Cementitious Materials Market size was valued at USD 24.8 Billion in 2024 and is projected to reach USD 38.37 Billion by 2031, growing at a CAGR of 6.21% from 2024 to 2031.
The supplementary cementitious materials market is primarily driven by the increase in construction activities across the globe. Supplementary cementitious materials help increase the strength of concrete & minimize penetrability. The Global Supplementary Cementitious Materials Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global Supplementary Cementitious Materials Market Definition
Supplementary cementing materials contribute to the properties of hardened concrete through pozzolanic or hydraulic activity. Typical examples are fly ashes, slag cement, and silica fume. Supplementary cementing materials contribute to the properties of hardened concrete through pozzolanic or hydraulic activity. Typical examples are fly ashes, slag cement, and silica fume. These can be used individually with Portland or blended cement or in different combinations. Supplementary cementing materials are often added to concrete to make concrete mixtures reduce permeability, are more economical, increase strength, or influence other concrete properties. The supplementary cementitious materials market is primarily driven by the increase in construction activities across the globe.
Supplementary cementitious materials help increase the strength of concrete and minimize penetrability. The cost of supplementary cementitious materials is also low. These factors are fueling the supplementary cementitious materials market. Furthermore, the utilization of industrial waste in supplementary cementitious materials is boosting the market. However, low awareness among the people about the advantages of supplementary cementitious materials is hindering the market. Nevertheless, the usage of several types of industrial waste and dry waste in cement materials is estimated to create opportunities for the supplementary cementitious materials market. Furthermore, recycling of wastes such as ferrous slag, fly ash, and silica fumes through consumption of these in construction activities minimize pollution. It is also an effective solution for waste management. This, in turn, is expected to boost the supplementary cementitious materials market during the forecast period.
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Global Supplementary Cementitious Materials Market Overview
The market for supplementary cementing materials is anticipated to be driven by an increase in construction projects across the globe. Rapid industrialization and urbanization are anticipated to boost the construction sector worldwide which is further expected to fuel the supplementary cementing materials market over the period. Construction activities have augmented over the recent past in several developed countries such as the U.S., Canada, UK, and France among others.
Supplementary Cementitious Materials (SCMs) such as GGBFS, Fly Ash, Natural Pozzolans and Silica Fume exhibit exceptional performance in concrete. They enhance and upgrade the properties of concrete. However, the use of these materials SCMs has a lot of disadvantages too. For instance, fly ash boosts the durability and strength of concrete at a later age but it reduces the early strength of the concrete. GGBFS enhances concrete strength and durability, however, it produces a sticky mix that is difficult to be pumped compared with the control mix. From an economic, environmental, and social perspective, the increased use of SCMs is an attractive alternative to the concrete pavement industry, whether batched at the concrete plant or included as part of blended cement. The demand for high-quality SCMs is therefore expected to grow. Yet, there are a number of emerging issues that may restrict the supply of these SCMs in the near future.
Global Supplementary Cementitious Materials MarketSegmentation Analysis
The Global Supplementary Cementitious Materials Market is segmented based on Product and Geography.
Supplementary Cementitious Materials Market, By Product
• Fly Ash• Ferrous Slag• Silica Fumes• Others
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Based on Product, the market is bifurcated into Ferrous Slag, Fly Ash, Silica Fumes, and Others. Ferrous Slag accounted for the largest market share in 2020 and is projected to grow at a CAGR of 6.12% over the forecast period.
Fly ash is finely divided residue resulting from the combustion of pulverized coal, later transported by the exhaust gases from combustion chamber. It is produced by the coal fired electric and steam generating plants. It is mainly utilized as a pozzolan in PCC applications, where the pozzolan is siliceous or siliceous and aluminous materials. Pozzolan is a finely divided form and in presence of water. Leading to the production of the cementitious compounds, through the reaction with calcium hydroxide at ordinary temperatures. Fly ash possesses good particle size distribution and a unique spherical shape, acting as a preferable mineral filler in hot mix asphalt (HMA) applications, contributing to an improvement of the fluidity of the flowable fill and grout. The consistency of the Fly Ash and its abundancy across the globe provides a wider opportunity for applications in structural fills and highway projects. Fly ash is greatly beneficial and environment friendly with benefits such as increasing the durability of the concrete in roads and structures, reduction of the energy use and greenhouse gas by replacing fly ash with cement, or in some parts, conservation of natural resources, and aiding the circular economy.
Supplementary Cementitious Materials Market, By Geography
• North America• Europe• Asia Pacific• Rest of the world
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On the basis of regional analysis, the Global Supplementary Cementitious Materials Market is classified into North America, Europe, Asia Pacific, and Rest of the world. Asia Pacific accounted for the largest market share and North America was the second largest in 2020. Asia Pacific is emerging as the fastest-growing region in the market on account of factors such as growing urbanization, increasing streamlining of concrete production, expanding adoption of environmental measures in construction industry, rising processing of industrial by-products among others. China, India, Australia, Singapore, Philippines, Thailand, Myanmar, and Vietnam are the major countries with significant construction spending.
China is a key driver of the Asia Pacific construction industry, which holds over 60% of the world’s cement production, thus, topping the region in terms of cement production. China is also a major steel producer of the globe. According to World Iron and Steel Association data, China’s crude steel output was 996 million tons in 2019, indicating the steel slag amounting to be approximately 100 million tonnes, and utilization standing at only 25%, contributing to the country’s environmental problems. However, the country is increasingly focusing on increasing the sustainability of its industries, as a part of efforts to lower the criticism on the country’s CO2 emissions. It is expected to drive the increase in the utilization rate of the ferrous slag and fly ash, redirected to other useful industries, including cement production, providing a greater avenue for the growth of supplementary cementitious materials market across the forecast timelines.
Key Players
The “Global Supplementary Cementitious Materials Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Boral, Cemex, Dow, Ferroglobe, Heidelbergcement, Lafargeholcim, Sika, SCB International, and Urban Mining Northeast.
The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Key Developments
Company Name | Key Development | Description |
---|---|---|
Lafargeholcim | Expansion | • As part of a global effort to adopt more sustainable products and lower the industry’s carbon footprint, LafargeHolcim in the US has announced that its plant facility in Midlothian, Texas, will be the first cement plant in the country to fully convert to Portland limestone cement (PLC)• The Holcim Midlothian plant, which will fully convert to OneCem, is capable of producing two million tons of cement per year• By incorporating the low-carbon product into its operations, the Texas-based plant will reduce CO2 by 70 million pounds each year |
Cemex | Business Development | • CEMEX invested in a new ready-mixed concrete plant to replace the aged Eversley ready-mixed concrete plant.• The new, modern, upgraded plant is a LIEBHERR 2.25 mobile mix plant and increases the output capacity from 24 m3/hour at the existing Eversley plant, to 80 m3/hour in order to serve both large contracts and the local market. |
Report Scope
REPORT ATTRIBUTES | DETAILS |
---|---|
Study Period | 2021-2031 |
Base Year | 2024 |
Forecast Period | 2024-2031 |
Historical Period | 2021-2023 |
Unit | Value (USD Billion) |
Key Companies Profiled | Boral, Cemex, Dow, Ferroglobe, Heidelbergcement, Lafargeholcim, Sika, SCB International, and Urban Mining Northeast. |
Segments Covered |
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Customization Scope | Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope |
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