Pozzolan Market: Introduction
The global pozzolan market was valued at ~US$ 57 Bn in 2018 and is anticipated to expand at a CAGR of 5% during the forecast period. Among material types, the artificial pozzolan segment dominated the global pozzolan market in 2018. Artificial pozzolan is a byproducts or wastes of various industrial processes, such as fly ash and slag, which are used as pozzolanic materials in the cement industry. Rise of investments in the industrial sector is likely to drive the production of artificial pozzolan during the forecast period. Among end uses, the residential segment accounted for a dominant share of the global pozzolan market in 2018. This can be primarily ascribed to increase in investments in the global residential sector. In addition, the demand for green and sustainable construction materials is estimated to boost the global demand for pozzolan in the near future.
The pozzolan market in Asia Pacific is estimated to expand at a substantial pace during the forecast period, owing to rapid development of infrastructure, growth in urbanization, and increase in the purchasing power of consumers in the region.
Key Drivers of Pozzolan Market
Growth of the global construction industry is estimated to boost the global pozzolan market during the forecast period. According to the World Economic Forum, the global construction industry employs more than 100 million people worldwide and accounts for 6% of the global GDP. The global construction industry is estimated to expand at a CAGR of 4.2%, in terms of value, between 2018 and 2023. The global industry is witnessing increasing opportunities from residential, nonresidential, and infrastructure projects. This, in turn, is likely to fuel the global market for pozzolan during the forecast period. Moreover, the demand for cement is increasing worldwide, owing to rising population, industrialization, and urbanization. Concrete is the most widely used manmade material on the earth. On an average, every person consumes almost 2.3 cubic yards of concrete worldwide every year. The use of pozzolanic materials reduces emissions of carbon dioxide, which is a leading greenhouse gas (GHG) responsible for global warming. Pozzolanic materials exhibit good mechanical strength and excellent stress-strain behavior when used as additives or substitutes for cement. Thus, the demand for pozzolanic materials from the cement industry is high for their use in sustainable construction. This, in turn, is anticipated to boost the global pozzolan market during the forecast period.
Request Sample
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=77045
Asia Pacific Offers Lucrative Opportunities to Pozzolan Market
Asia Pacific is anticipated to be a highly attractive region of the global pozzolan market during the forecast period. The market in Asia Pacific is estimated to expand at a significant pace between 2019 and 2027, as the construction industry in the region is growing due to rising population. Investments in urbanization and industrialization are increasing. In countries such as China, India, South Korea, and Singapore, the development of infrastructure is rising. Also, generation of artificial pozzolan, such as fly ash and blast furnace slag, in the region is high.
More Trending Reports
Major Developments in Pozzolan Market
On September 6, 2018, Boral Resources acquired 4.5 million tons of pozzolanic deposits located in central Utah, which would be processed for blending with fly ash to extend supplies for the concrete industry in Western states. The material was contained in large surface piles, which were immediately accessible for excavation. The material can be blended with the fly ash sources to increase the volume of concrete-quality pozzolan available in the market in Western states.
Request Covid19 analysis on this market
https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=77045
Competition Landscape of Pozzolan Market
The global pozzolan market is highly fragmented. Various international as well as local players hold a significant share of the global market. Key players operating in the global pozzolan market are Charah Solutions, Inc., Sunrise Resources plc, Kirkland Mining Company, I-Minerals Inc., Burgess Pigment Company, Nevada Cement Company, IMERYS, Hess Pumice Incorporated, CR Minerals Company, LLC, Vulcan Ceramics Co Pvt Ltd, and CARBO Ceramics Inc.
Buy Now
https://www.transparencymarketresearch.com/checkout.php?rep_id=77045<ype=S
About Us
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Contact
Transparency Market Research,
90 Sate Street, Suite 700,
Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: [email protected]
Website: https://www.transparencymarketresearch.com/
