Market Size of Supplementary Cementitious Materials Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 6.00 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Supplementary Cementitious Materials Market Analysis
The supplementary cementitious materials market is estimated to register a CAGR of over 6% 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 SCM during the forecast period.
- Although, the lack of awareness regarding the potential benefits of using SCM 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.
