Wilmington, Delaware, Sept. 06, 2023 (GLOBE NEWSWIRE) -- There is an increasing emphasis on sustainability and lowering the environmental impact of building materials such as cement. SCMs like fly ash, slag, and silica fume are considered environmentally good because they utilize industrial wastes that would otherwise wind up in landfills. By reducing the requirement for Portland cement clinker, which is energy-intensive to generate, SCMs reduce the carbon footprint of concrete manufacturing.
Market Definition, Market Scope, and Report Overview
Supplementary cementitious materials (SCMs) are materials that are used as a partial replacement for Portland cement in the production of concrete and cement-based products. SCMs are used to improve the performance, durability, and sustainability of concrete while lowering the environmental effect of cement manufacture.
- According to a deep-dive market assessment by RationalStat, the Global Supplementary Cementitious Material Market has been analyzed on the basis of market segments, including on type, application and geography/regions (incl. North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, and Asia Pacific). The report also offers global and regional market sizing for the historical period of 2019-2022 and the forecast period of 2023-2028.
- Market intelligence for the global supplementary cementitious material market covers market sizes on the basis of market value (US$/EUR Million) and volume (Tons) by various products/services/equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc.
- In addition, the long-term sector and products/services 10-year outlook and its implications on the global supplementary cementitious material market. It also includes the industry's current state – Production Levels, Capacity Utilization, Tech quotient, etc. Key information will be manufacturing capacity by country, installed base, import volumes, market size, key players, market size, dynamics, market data, insights, etc.
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Global Supplementary Cementitious Material Market: Segmental and Market Share Analysis
- On the basis of type, fly ash segment accounted for largest market share in 2021 while the others segment is projected to grow in the forecast period at a CAGR of 6.5%.
- On the basis of application, in 2021, the residential segment held the greatest proportion of the supplemental cementitious materials market. In residential construction, SCMs like as fly ash, bricks, and slag cement are used.
Report Synopsis
| Report Metrics | Details |
| Base Year | 2022 |
| Forecast Period | 2023-2028 |
| Base Year Market Size | US$ 6.8 billion |
| Market Size Forecast | US$ 9.1 billion |
| Growth Rate | 4.9% |
| Key Market Drivers |
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| Companies Profiled |
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Competition Analysis and Market Structure
These players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players. Some of the key developments in the global supplementary cementitious material market include,
- In September 2022, Innovation Ash Solutions, a joint venture of Levenseat and Organic Innovation Solutions, revealed plans to build a 54,000-tonne-per-year industrial-scale air pollution control residue (APCR)-based SCM factory.
- In February 2022, Purebase Corporation, a diversified resource firm, formed a strategic alliance with a large national vertically integrated materials company to create a new SCM market in California.
Some of the prominent players and suppliers operating and contributing significantly to the global supplementary cementitious material market growth include Advanced Cement Technologies LLC, ArcelorMittal SA, BASF SE, Bharathi Cement Corporation Private Limited, Boral Ltd, CEMEX SAB de CV, CemGreen ApS, Charah Solutions, CR Minerals Company, LLC, and Ferroglobe PLC, among others.
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RationalStat has segmented the global supplementary cementitious material market based on type, application and region
- Global Supplementary Cementitious Material Market Value (US$ Million), Volume (Tons), and Market Share (2019-2028) Analysis by Type
- Fly Ash
- Slag Cement
- Silica Fume
- Calcinated Clay
- Gypsum
- Limestone
- Others
- Global Supplementary Cementitious Material Market Value (US$ Million), Volume (Tons), and Market Share (2019-2028) Analysis by Application
- Residential
- Commercial
- Industrial
- Others
- Global Supplementary Cementitious Material Market Value (US$ Million), Volume (Tons), and Market Share (2019-2028) Analysis by Region
- North America Supplementary Cementitious Material Market
- US
- Canada
- Latin America Supplementary Cementitious Material Market
- Brazil
- Mexico
- Rest of Latin America
- Western Europe Supplementary Cementitious Material Market
- Germany
- UK
- France
- Spain
- Italy
- Benelux
- Nordic
- Rest of Western Europe
- Eastern Europe Supplementary Cementitious Material Market
- Russia
- Poland
- Hungary
- Other CIS Countries
- Rest of Eastern Europe
- Asia Pacific Supplementary Cementitious Material Market
- China
- Japan
- India
- South Korea
- Australia
- ASEAN
- Indonesia
- Thailand
- Philippines
- Vietnam
- Malaysia
- Rest of ASEAN
- Rest of Asia Pacific
- Middle East & Africa Supplementary Cementitious Material Market
- GCC
- Saudi Arabia (KSA)
- United Arab Emirates (UAE)
- Rest of the GCC
- South Africa
- Nigeria
- Turkey
- Rest of the Middle East & Africa
- GCC
- North America Supplementary Cementitious Material Market
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Key Questions Answered in the Supplementary Cementitious Material Report:
- What will be the market value of the global supplementary cementitious material market by 2028?
- What is the market size of the global supplementary cementitious material market?
- What are the market drivers of the global supplementary cementitious material market?
- What are the key trends in the global supplementary cementitious material market?
- Which is the leading region in the global supplementary cementitious material market?
- What are the major companies operating in the global supplementary cementitious material market?
- What are the market shares by key segments in the global supplementary cementitious material market?
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Research Methodology
RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.
RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
- Defining the problem by understanding the type of market and data required by the client.
- Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
- Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
- Evaluating and analyzing the data by referring to data sources utilized and leveraged.
- Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.
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RationalStat is an end-to-end global market intelligence and consulting company that provides comprehensive market research reports, customized strategy, and consulting studies. The company has sales offices in India, Mexico, and the US to support global and diversified businesses. The company has over 80 consultants and industry experts, developing more than 850 market research and industry reports for its report store annually.
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