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Supplementary Cementitious Materials Market - Forecast(2023 - 2028)
Supplementary Cementitious Materials Market Overview
The Supplementary Cementitious Materials Market size is projected to reach US$35 billion by 2027, after growing at a CAGR of 7.7% during the forecast period 2022-2027. Cementitious materials are the key elements for the formulation of the concrete mixtures. Supplementary cementitious materials (SCMs) are a part of cementitious materials which help to improve the workability of fresh concrete and reduce thermal cracking by minimizing heat of hydration. Through the pozzolanic activity, they mainly contribute to enhancing the properties of hardened concrete. The primary SCMs are fly ash, slag cement, silica fume and natural pozzolans. Natural pozzolans further include metakaolin, calcined clay and others. These materials can be individually used in cement or can be blended in different proportions and combinations. Many industries across the globe have faced several challenges due to the COVID-19 pandemic. The construction industry experienced pitfalls due to the unavailability of labor and raw materials. The production and demand in this industry have declined due to an interrupted supply chain and the cessation of transportation. According to Office for National Statistics, in 2020, new construction work in Great Britain, including private housing and private commercial building, decreased by 11.9% due to COVID. With the pause in industrial production and distribution, the demand and consumption of Supplementary Cementitious Materials were affected significantly.
Report Coverage
The “Supplementary Cementitious Materials Market
Report – Forecast (2022-2027)” by IndustryARC, covers an in-depth analysis
of the following segments in the Supplementary Cementitious Materials industry.
Key Takeaways
- The significant growth in residential & commercial construction and inclination towards using sustainable building materials are driving the growth of the Supplementary Cementitious Materials market.
- Fly ash plays an important role in producing superior quality concrete admixture which is expected to provide a significant growth opportunity to increase the Supplementary Cementitious Materials market size in the coming years.
- Beneficial properties of SCMs to provide eco-friendly building materials and favorable government regulations are expected to provide substantial growth opportunities for the industry players in near future in the Supplementary Cementitious Materials industry.
Figure: Supplementary Cementitious Materials Market Revenue Share, by Geography, 2021 (%)
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Supplementary Cementitious Materials Market Segment Analysis – by Type
The fly ash segment held the largest Supplementary Cementitious Materials Market share (42%) in 2021. Supplementary cementitious materials (SCMs) are added to concrete mixtures to improve durability, enhance the hardening property of concrete and decrease permeability. Fly ash is one of the most commonly used SCM in concrete which is a byproduct of coal combustion in electric power generating plants. Commercially available fly ash is derived from the combustion of pulverized coal collected from the combustion chamber for the furnace by exhaust gases. Class C and class F of fly ash are used extensively in concrete mixtures. Thus, several benefits associated with the use of fly ash is boosting the market growth and is expected to account for significant Supplementary Cementitious Materials market share.
Supplementary Cementitious Materials Market Segment Analysis – by End-use Industry
The residential segment is expected to grow
at the fastest CAGR of 9.5% during the forecast period in the Supplementary
Cementitious Materials Market. In recent years, the construction industry has become more inclined
toward designing, operating and constructing buildings that improve their
environmental sustainability due to the stringent government regulations to reduce the carbon footprint. Changes in global climatic conditions also
demand sustainable building materials for the management of temperature. SCMs are used to increase the strength and durability of the concrete mixture. These materials, when utilized in
fresh concrete, enhance the workability and consistency of the concrete. Thus, the increase in demand in the residential
segment is boosting the market growth of the Supplementary Cementitious Materials market.
Supplementary
Cementitious Materials Market Segment Analysis – by Geography
Asia-Pacific held the largest Supplementary Cementitious Materials market share (43.3%) in 2021. This growth is mainly attributed to the surge in residential, commercial and industrial construction activities in this region. The region consists of major economies such as China, India, Japan and Australia where the level of construction output, including residential and commercial, has rapidly increased. For instance, as per the October reports of Infrastructure Australia 2021, the major infrastructure activity relating to commercial buildings, civil infrastructure and residential construction would double in the next three years. Also, according to China’s National Bureau of Statistics, in Q2 of 2021, the construction sector in China registered a growth of 1.8% while its cumulative growth was 8.6% in the first half of 2021. Thus, the significant growth in the construction industry in this region is also boosting the growth of the Supplementary Cementitious Materials market.
Supplementary Cementitious Materials Market Drivers:
Increase in construction activities across the globe
The growing residential and
commercial construction on account of the high demand for residential projects from a growing population and the customer inclination towards sustainable
materials have increased the demand for SCMs in the construction industry. Moreover, rapid urbanization and technological
advancements have led to an increase in spending on infrastructure
developments in several countries across the globe. According to India’s Ministry
of Statistics and Programme Implementation, in Q4 of 2020,
the construction industry in India grew by 6.2%. Also, in 2019, the National Development
and Reform Commission of China approved 26 infrastructure projects estimated to
be completed by 2023.
Thus, high growth in construction activities is further propelling the growth
of SCMs and is expected to boost SCMs in the construction
market size.
Advantages associated with the use of SCMs
The construction industry is considered one of the major reasons behind the rise in carbon footprint. Thus, companies are inclined towards the production of sustainable materials for construction and support green building and construction. SCMs are environmentally friendly materials that offer superior flexural & compressive strength and enhanced workability. The use of SCMs consumes less energy and delivers improved building performance. SCMs comply with the Environmental Protection Agency’s (EPA) comprehensive procurement guideline. The utilization of SCMs has improved significantly during the past three decades as these are the byproducts of industrial processes and their utilization contributes highly to energy conservation practices. According to the Mission Energy Foundation, the annual generation of fly ash would be approximately 437 MT by 2030 with 151 MT would be used in cement applications. Thus, the advantages associated with the use of SCMs are propelling the growth and are expected to account for a significant share of the Supplementary Cementitious Materials market size.
Supplementary Cementitious Materials Market Challenge:
Lack of awareness regarding the use of SCMs
SCMs provide several benefits as they make use of byproducts such as fly ash, slag cement, silica fume and metakaolin from industrial processes. They offer a great performance of fresh concrete and allow the concrete producer to modify and design the concrete mixture as per the desired application. These materials would be otherwise discarded in landfills if not utilized in construction. According to the Mission Energy Foundation, the utilization of fly ash is high on cement. However, around 65% of the total fly ash generated is utilized in different applications. The increase in awareness in the future regarding the benefits of SCMs would lead to 100% utilization of these materials. Thus, the lack of awareness regarding the benefits and use of SCMs may hamper the market growth.
Supplementary Cementitious Materials Industry Outlook
The top 10 companies in the Supplementary
Cementitious Materials market are:
- Cemex
- LafargeHolcim
- Ferroglobe
- HeidelbergCement
- Advanced Cement Technologies, LLC.
- Boral Limited
- BASF SE
- CR Minerals Company, LLC.
- Charah Solutions
- Bharathi Cement Corporation Private Limited
Recent Developments
- In March 2022, Lafarge France invested 120 million euros in the modernization of the Martres-Tolosane cement plant to increase the production capacity of low-carbon cement. The plant is operational from February 2022.
- In December 2021, LafargeHolcim’s US operation received the first barge shipment of power plant coal ash. It resulted in the recycling and recovery of 6 Mt of coal ash to be used in cement production.
- In November 2020, Cemex entered into an agreement with Carbon Upcycling Technologies in order to improve the processing of by-products such as fly ash and slag to produce low CO2 concrete.
Relevant Reports
Report Code: CMR 86803
Report Code: CMR 36200
Report Code: CMR 0357
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