Market Size of China Geopolymer Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 4.18 Billion |
| Market Size (2029) | USD 15.12 Billion |
| CAGR (2024 - 2029) | 29.31 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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China Geopolymer Market Analysis
The China Geopolymer Market size is estimated at USD 4.18 billion in 2024, and is expected to reach USD 15.12 billion by 2029, growing at a CAGR of 29.31% during the forecast period (2024-2029).
The market was negatively impacted by COVID-19 in 2020 due to the halt in manufacturing activities and construction activities, and they were completely shut down to control the spread of coronavirus. Since 2021, construction activities started recovering from the pandemic impact, however, the recurring pandemic waves in the country kept the recovery pace slower than expected till 2022.
- The growing demand for sustainable construction materials and environmental regulations to curb emissions from the cement industry are major factors driving the growth of the market studied.
- However, a lack of awareness related to geopolymer applications is likely to restrain the growth of the studied market.
- Nevertheless, various infrastructure development projects and green building initiatives in the pipeline are likely to create lucrative growth opportunities for the Chinese market.
