Supplementary Cementitious Materials Market Expected To Reach $39.9 Billion by 2030

According to a new published report by Allied Market Research titled, “Supplementary Cementitious Materials Market by Type and Application: Global Opportunity Analysis and Industry Forecast, 2021–2030,” the global supplementary cementitious materials market was valued at $ 20.1 billion in 2020, and is projected to reach $ 39.9 billion by 2030, growing at a CAGR of 7.2% from 2021 to 2030. 

Supplementary cementing materials (SCMs) such as fly ash, slag cement and silica fume, contribute to the properties of hardened concrete through hydraulic or pozzolanic activity. Several performance factors, including improved workability and consolidation, flexural and compressive strengths, resistance to chlorides and sulfates, lower temperatures for mass concrete, mitigation of alkali silica reaction, and decreased permeability, have contributed to the growing use of these environmentally friendly materials. Cementitious blends provide stronger, more durable high-performance concretes while reducing global climate impact by cutting energy usage and greenhouse gas emissions. 

The factors that drive the growth of the global supplementary cementitious materials market include growth in the construction industry. In addition, rise in the need for sustainable infrastructure is also anticipated to surge the demand for supplementary cementitious materials in the near future. The major challenge for industry is emission of fly ash at the time of concrete activities that may increase pollution in the environment.

The global supplementary cementitious materials market is segmented on the basis of type, application, and region. 

Based on the type, the global supplementary cementitious materials market is segmented into fly ash, slag cement, silica fume and others. The slag cement segment accounted for the largest share in 2020, while the fly ash segment is projected to grow at the highest CAGR of 5.8%.

Applications of supplementary cementitious materials include residential, commercial and others. The residential segment accounted for the largest supplementary cementitious materials market share in 2020, while the commercial segment is projected to be the fastest growing segment at a CAGR of 7:8%. 

Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. Europe accounted for the largest share of the market in 2020 while the Asia-Pacific segment is projected to be the fastest growing segment at a CAGR of 8.7%. Increasing urbanization in developing countries including India and China is expected to grow the construction industry, thus increasing the demand of supplementary cementitious materials. In addition, increasing industrial, and commercial construction will fuel the market demand in the construction industry. 

The global supplementary cementitious materials market is fragmented in nature with a few major players, such as Arcelormittal SA, BASF SE, Tata Steel Ltd., Ferroglobe, Lafargeholcim, Heidelbergcement, CR Minerals, Sika AG, Cemex SAB DE CV, and SCB International., which hold significant share of the market. These players have been adopting various strategies to gain higher share or to retain leading positions in the market.

Key Findings Of The Study

• On the basis of type, the slag cement segment emerged as the global leader by acquiring more than 39% of the market share in 2020, and is anticipated to continue this trend during the forecast period. 
• On the basis of application, the residential segment accounted for 44% of the global market share in FY2020.
• On the basis of region, Asia-Pacific is the major consumer of supplementary cementitious materials market among other regions. It accounted for around 28% of the global market share in 2020.

Impact Of Covid-19 On The Global Supplementary Cementitious Materials Market

• The construction work has been temporarily halted keeping in mind the concerns regarding workers in the construction industry.
• Due to COVID-19 pandemic, transport limitations were implemented, resulting in reduced industrial production and disrupted supply chains, which affected global economic growth by a substantial proportion, severely impacting market growth.
• The companies are not earning any profit as a result of the work stoppage and not only the companies are losing money but they are also losing suppliers who are providing the required materials to various companies to be used in construction sector, all those suppliers are also facing huge losses.
• Firms are not earning any profit as a result of the work stoppage, and not only are the companies losing money, but so are all the suppliers who provide the needed supplies to various companies for use in the construction sector.
• Furthermore, due to social distancing norms during COVID-19, the manufacturing companies are working with limited workforce; thus, negatively impacting the production and construction processes