Report Code: A15960 | Pages: 127 | ||
Tables: 53 | Charts: 44 |
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The U.S. supplementary cementitious materials market accounted for $3.5 billion in 2020, and is projected to reach $6.8 billion by 2030, registering a CAGR of 7.0% from 2021 to 2030.
Supplementary cementing materials such as fly ash, slag cement, and silica fume, contribute to the properties of hardened concrete through hydraulic or pozzolanic activity. These can be used separately or in different combinations with Portland or blended cement. Supplementary cementitious materials are commonly used in concrete to make mixes more cost-effective, reduce permeability, enhance strength, or impact other characteristics. Â Â Â
The supplementary cementitious materials market in the U.S. witnessed a significant growth owing to factors such as rise in investment in construction activities. In addition, increase in R&D efforts in the market as well as technological developments and modernization in production techniques are expected to generate new opportunities for the expansion of the U.S. supplementary cementitious materials market during the forecast period. Furthermore, the growing emphasis on environmentally friendly cement technology presents high growth potential for key companies. However, emission of fly ash during concrete activities may harm the environment, which is expected to restrain the market for supplementary cementitious materials in the U.S.
The U.S. supplementary cementitious materials market is segmented on the basis of type and application. Depending on type, the market is classified into fly ash, slag cement, silica fumes, and others. The application areas of this industry are residential, commercial, and others.
The major players operating in the industry include Arcelormittal S.A., Boral Limited, BASF SE, CalPortland Company, CEMEX S.A.B. DE C.V., Charah Solutions, Inc., CR Minerals LLC, Eagle Materials Inc., Lafarge Holcim, and Lehigh Hanson. These players have adopted product launch, acquisition, and business expansion as their key strategies to strengthen their foothold in the market.
The fly ash segment is projected to grow at the fastest CAGR of 7.4%, and is expected to witness notable growth in the coming years, owing to rise in utilization of fly ash in concrete, development of the construction sector, and increase in recycling rates of fly ash.
By application, the commercial segment garnered the largest share in the U.S. supplementary cementitious materials market in 2020, and is projected to exhibit a CAGR of 7.6% during the forecast period. This is attributed to surge in construction activities due to exponentially increasing population and rapidly growing commercial sector across the country.Â
Key Benefits For Stakeholders
Impact of COVID-19 on the U.S. supplementary cementitious materials market
U.S. Supplementary Cementitious Materials Market Report Highlights
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According to the opinions of various CXOs of leading companies, the supplementary cementitious materials market expected to exhibit high growth potential, owing to rapid urbanization and rise in awareness about environmental sustainability. In addition, supplementary cementitious materials are likely to gain high traction in the market attributable to the fact that these materials help to increase the strength of concrete and minimize penetrability.
The CXOs further added that the utilization of industrial waste in supplementary cementitious materials is boosting the market growth. However, low awareness among the people about the advantages of supplementary cementitious materials is anticipated to hamper the supplementary cementitious materials market in the U.S.
A. Advantages of supplementary cementitious materials when used in concrete such as improved workability, durability & strength, reduced CO2 emission and others, which are expected to help boost the market growth.
A. The U.S. supplementary cementitious materials size is projected to reach $6.8 billion by 2030.
A. Boral Limited, BASF SE, CalPortland Company, CEMEX S.A.B. DE C.V., Charah Solutions, Inc., CR Minerals LLC are the most established players in U.S. supplementary cementitious materials market.
A. Residential and commercial industry is projected to increase the demand of U.S. supplementary cementitious materials market.
A. By type and application segments are covered in U.S. supplementary cementitious materials market report.
A. Increase in urbanization and residential construction in developing countries, is anticipated to fuel the market growth during the forecast period.
A. Commercial applications is expected to drive the adoption of U.S. supplementary cementitious materials.
A. COVID-19 has impacted negatively on the U.S. supplementary cementitious materials market. This is attributed due to • The COVID-19 pandemic has negatively affected the global economy and is subsequently shrinking the GDP in global economies; thereby, changing consumer spending patterns globally. • Construction activities were temporarily halted due to the outbreak of COVID-19, keeping in mind the concerns regarding workers in the construction industry. • Furthermore, the construction industry is overcoming the challenges of supply chain disruptions, which is expected to provide the impetus to the market.
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