Supplementary Cementitious Materials Market

Supplementary Cementitious Materials Market – Overview

The global supplementary cementitious materials market is projected to rise at a healthy rate from 2021 to 2031 (forecast period). The global growth in construction activity is expected to drive the supplementary cementitious materials market during the forecast period. Supplementary cementitious ingredients improve concrete strength and reduce penetrability.

Rapid urbanization and industrialization are likely to strengthen the construction sector globally, which is projected to fuel the supplemental cementing materials market throughout the forecast period. Construction projects have increased in several developed countries, including the United States, the United Kingdom, Canada, and France.

Moreover, the global supplementary cementitious materials market is expected to witness massive growth due to an increase in R&D spending to develop and formulate innovative products and applications.

Supplementary Cementitious Materials Market – Competitive Landscape

Key players active in the global supplementary cementitious materials market are CEMEX SAB de CV ArcelorMittal SA, Sika AG, BASF SE, Ferroglobe Plc., Boral Ltd, LafargeHolcim Ltd., and Tata Steel Ltd.

Key players in the global supplementary cementitious materials market are investing heavily in R&D and pursuing a variety of tactics, including new product launches and advances, geographic expansions, partnerships, and acquisitions.

Supplementary Cementitious Materials Market – Trends and Opportunities

The expansion in construction and building activities is projected to drive the supplementary cementitious materials market. Supplementary cementitious materials minimize permeability, boost concrete strength, and reduce costs. The growing construction activities are expected to stimulate the usage of supplementary cementitious materials in cement and concrete and other forms in constructions and buildings. The construction industries in developing markets are projected to expand faster than those in established nations, owing to a spike in residential construction due to population growth. Moreover, the introduction of environmentally friendly cement technology is a crucial trend expected to drive market expansion even further.

The use of various forms of dry waste and industrial waste in cement materials is projected to generate prospects for the supplemental cementitious materials market. The consumption of wastes such as fly ash, silica fumes, and ferrous slag in construction projects reduces pollution. It is also an efficient waste management option. As a result, the supplementary cementitious materials market is likely to grow throughout the forecast period.

During the COVID-19 pandemic, construction activities were halted, and demand for construction materials decreased dramatically as a result of lockdown measures enacted in several nations. This resulted in a decrease in demand for supplementary cementitious materials. However, in the post-lockdown period, demand for various construction materials is likely to grow gradually as construction operations resume at maximum capacity and workers return to the construction sites.

Supplementary Cementitious Materials Market – Regional Landscape

The Asia Pacific supplementary cementitious materials market is expected to develop at a rapid rate due to rising urbanization, increased streamlining of concrete production, increased adoption of environmental policies in the construction industry, and growing processing of industrial by-products, among others. The major countries with substantial construction spending include Singapore, China, India, the Philippines, Australia, Myanmar, Thailand, and Vietnam.

China is the driving factor of the Asia Pacific construction industry, accounting for more than 60% of worldwide cement production. China is also a big global steel manufacturer. As per World Iron and Steel Association data, China's crude steel output in 2019 was 996 million tonnes, implying that steel slag amounted to around 100 million tonnes, with usage standing at only 25%, adding to the country's environmental difficulties. However, as part of attempts to reduce the country's CO2 emissions, the country is focusing on boosting the sustainability of its sectors. This is projected to increase the utilization of fly ash and ferrous slag, hence offering a greater avenue for the expansion of the supplementary cementitious materials market during the forecast period.

The supplementary cementitious materials market in North America is projected to expand due to the region's growth in reconstruction and renovation activities.