NEW
YORK, Aug. 12, 2024 /PRNewswire/ -- The global
supplementary cementitious materials market size is estimated to
grow by USD 11.92 billion from
2024-2028, according to Technavio. The market is estimated to
grow at a CAGR of almost 8.01% during the forecast
period. Increase in building and construction activities is
driving market growth, with a trend
towards environment-friendly cement technology.
However, high price of silica fume poses a challenge.
Key market players include ArcelorMittal SA, Ashtech India Pvt.
Ltd., BASF SE, Boral Ltd., Carbon Enterprises Ltd., CEMEX SAB de
CV, CR Minerals Co. LLC, CRH Plc, Diversified Minerals Inc., Dow
Chemical Co., Elkem ASA, Ferroglobe Plc, Heidelberg Materials AG,
Holcim Ltd., Kryton International Inc., Nippon Steel Corp.,
Shanghai Building Materials Group Co. Ltd., Sika AG, Summit
Materials Inc., and Tata Steel.
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Supplementary
Cementitious Materials Market Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
8.01%
|
Market growth
2024-2028
|
USD 11925.7
million
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
7.42
|
Regional
analysis
|
APAC, North America,
Europe, South America, and Middle East and Africa
|
Performing market
contribution
|
APAC at 52%
|
Key
countries
|
China, US, India,
Brazil, and Saudi Arabia
|
Key companies
profiled
|
ArcelorMittal SA,
Ashtech India Pvt. Ltd., BASF SE, Boral Ltd., Carbon Enterprises
Ltd., CEMEX SAB de CV, CR Minerals Co. LLC, CRH Plc, Diversified
Minerals Inc., Dow Chemical Co., Elkem ASA, Ferroglobe Plc,
Heidelberg Materials AG, Holcim Ltd., Kryton International Inc.,
Nippon Steel Corp., Shanghai Building Materials Group Co. Ltd.,
Sika AG, Summit Materials Inc., and Tata Steel
|
Market Driver
The global construction sector's continuous growth, particularly
in infrastructure development, has driven the need for sustainable
solutions. Supplementary cementitious materials like fly ash,
ferrous slag, and silica fume have revolutionized cement
technology. With the increasing demand for bricks and cement,
eco-friendly and cost-effective alternatives are essential to
balance economic interests and environmental concerns. One such
alternative is low-carbon cement (LC3), an environmentally-friendly
option to ordinary Portland
cement. LC3, which consists of calcined clay and limestone, reduces
clinker reliance, lowering energy consumption and CO2 emissions.
This cement technology is gaining popularity globally, including in
India, where its adoption benefits
both the cement industry and the environment. LC3 offers several
advantages: extending limestone mine production by 45-65%,
increasing reserves' life beyond 50 years, and reducing CO2
emissions by up to 31%. The production of over 250 million tons of
LC3 annually will decrease CO2 emissions by approximately 79.5
million tons each year, doubling every 10-15 years as cement
production increases. These factors contribute to the growth of the
supplementary cementitious materials market in MEA during the
forecast period.
The Supplementary Cementitious Materials (SCMs) market is
experiencing significant growth due to its role in enhancing the
sustainability and performance of concrete in various sectors. In
the realm of urban development and smart city planning, SCMs are
essential for efficient infrastructure construction and
transportation systems. Software solutions and spatial data
processing play a crucial role in optimizing SCM usage. Spatial
data mining and modeling provide advanced capabilities for change
detection, vegetation health assessment, and weather forecasting.
Traditional business practices are being replaced with AI
algorithms and 3D mapping for target identification, topology
analysis, and speedy decision-making. SCMs also find applications
in agriculture, climate change mitigation, and even in industries
as diverse as troop movements and celestial bodies research.
Confidentiality features in cloud-based GIS ensure data security
while enabling real-time access to spatial information. VR and AR
technologies offer immersive experiences for urban planning and
design.
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Market Challenges
- Silica fume is a crucial component in the production of
concrete for various construction projects, including buildings and
infrastructure development. Condensed silica fume, which can
replace Portland cement by up to
15% by mass, enhances concrete properties such as compressive
strength, bond strength, and abrasion resistance. However, the
higher cost of silica fume, ranging from USD400 to USD1,000
per ton in the US, compared to Portland cement, increases construction
expenses. In India, where silica
fume availability is limited, prices range from USD150 to USD800
per ton. The APAC region's supply-demand imbalance for silica fume
will influence the supplementary cementitious materials market
growth. Major silica fume producers like China, Bhutan, and Norway export to countries such as
Russia and Germany, impacting global market
dynamics.
- The Supplementary Cementitious Materials (SCMs) market is
experiencing significant growth due to the increasing demand for
sustainable and eco-friendly construction materials. However, the
industry faces several challenges that require innovative
solutions. One challenge is the need for advanced data
visualization tools to analyze complex geospatial data from various
scientific fields, including earth's surface characteristics, land
cover, and satellite imagery. Another challenge is the integration
of interconnected technologies such as IoT adoption, machine
learning (ML), and high-performance computing to optimize
infrastructure requirements and improve energy efficiency.
Additionally, defense and intelligence, healthcare institutions,
and logistics sectors require location intelligence and geospatial
services for real-time data processing and on-demand scalability.
Geospatial technology plays a crucial role in modeling and
classifying land cover, providing metadata, and georeferencing for
geospatial content. The market also requires innovation in
geospatial visualization, greenhouse gas emissions monitoring, and
georeferencing for Martian soil mapping. Overall, the SCMs market
must adapt to these challenges by leveraging advanced technologies
and interconnected systems to meet the evolving needs of various
industries.
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challenges - Request a sample report!
Segment Overview
This supplementary cementitious materials market report
extensively covers market segmentation by
- Type
- 1.1 Fly ash
- 1.2 GBFS
- 1.3 Silica fume
- Application
- 2.1 Residential
- 2.2 Commercial
- 2.3 Industrial
- Geography
- 3.1 APAC
- 3.2 North America
- 3.3 Europe
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Fly ash- Fly ash, a fine-gray powder obtained
as a by-product from coal combustion at thermal power-generating
stations, is the most commonly used pozzolan for cement and
concrete applications. This material, consisting mainly of silicon
dioxide, aluminum oxide, and iron oxide, is extracted during coal
combustion and collected as a by-product by exhaust gases. The
environmental concern of fly ash degradation due to large volumes
generated is significant. Cement production's primary pollutants
include particulate matter (PM), sulfur dioxide (SO2), and nitrogen
dioxide (NO2). By adding fly ash to the concrete mixture along with
cement, the quantity of cement needed is reduced, and environmental
pollution is lowered. Fly ash's primary applications include
concrete, fire bricks, and road construction. Its use in concrete
provides benefits such as increased durability, lower greenhouse
gas emissions, and weight reduction due to the low weight of fly
ash. In 2023, the fly ash segment dominated the global
supplementary cementitious materials market, driven by strong
demand from the construction industry. The increase in construction
activities, particularly in developing regions, and the preference
for eco-friendly substitutes are major factors fueling market
growth. Urbanization in developed economies like Japan, the US, the UK, and Germany, as well as developing economies like
India, China, Brazil, Indonesia, and the UAE, has led to large-scale
projects using fly ash in substantial quantities. As a result, the
fly ash segment is expected to witness significant growth, driving
the expansion of the global supplementary cementitious materials
market during the forecast period.
For more information on market segmentation with
geographical analysis including forecast (2024-2028) and historic
data (2017-2021) - Download a Sample Report
Research Analysis
The Supplementary Cementitious Materials (SCMs) market is
experiencing significant growth due to the increasing demand for
sustainable and eco-friendly construction materials. Data
visualization tools are being used to analyze and interpret complex
geospatial data, including satellite imagery and georeferenced
metadata, to identify potential SCM sources and assess their
suitability for use in construction. Spatial data, such as land
cover and vegetation, are being analyzed using AI and ML algorithms
to optimize SCM production and reduce waste. Interconnected
technologies, including remote sensing and geomatics software
solutions, are enabling real-time monitoring of SCM sources and
streamlining the supply chain. Augmented reality is also being
explored for use in urban planning and construction, providing
visualizations of SCM sources and their potential use in specific
projects. Big data and AI are being used to optimize SCM production
and logistics, improving efficiency and reducing costs. Overall,
the use of advanced technologies is transforming the SCM market,
making it more sustainable, efficient, and responsive to the needs
of the construction industry.
Market Research Overview
The Supplementary Cementitious Materials (SCMs) market may not
be directly related to the listed topics, but the geospatial
technologies and artificial intelligence (AI) mentioned have
significant applications in various industries. These technologies,
including 3D mapping, digital mapping, geospatial content, and
remote sensing, play crucial roles in change detection,
environmental monitoring, disaster management, infrastructure
requirements, and urban planning. 3D Technology and AI algorithms
are revolutionizing industries like agriculture, healthcare,
defense, and logistics, with advanced capabilities in data
visualization, machine learning, and real-time data processing.
These technologies enable interconnected systems, on-demand
scalability, and location intelligence, allowing for more efficient
and accurate decision-making. Geospatial technologies, such as
cloud-based GIS, high-performance computing, and distributed
computing, offer significant advantages in handling large spatial
data sets and modeling complex systems. Applications include
climate change monitoring, greenhouse gas emissions analysis, land
cover classification, and vegetation health assessment.
Additionally, geospatial technologies have found use in scientific
fields like astronomy, with AI algorithms used for target
identification and 3D mapping of celestial bodies. The integration
of VR and AR technologies further enhances the potential of
geospatial services, offering immersive experiences for users in
various industries. In conclusion, the advancements in geospatial
technologies and AI have far-reaching implications across various
sectors, driving innovation, energy efficiency, and improved
decision-making.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Type
-
- Application
-
- Residential
- Commercial
- Industrial
- Geography
-
- APAC
- North America
- Europe
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
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market opportunities and develop effective strategies to optimize
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Technavio's comprehensive coverage, extensive research, and
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Contacts
Technavio Research
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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