The global supplementary cementitious materials market generated $20.1 billion in 2020, and is expected to reach $39.9 billion by 2030, witnessing at a CAGR of 7.2% from 2021 to 2030 .
According to the report published by Allied Market Research, The Supplementary Cementitious Materials Market by Type (Fly Ash, Slag Cement, and Silica Fume) and Application (Residential, Commercial and Others): Global Opportunity Analysis and Industry Forecast, 2021-2030. The Supplementary Cementitious Materials Market report offers a detailed analysis of changing market dynamics, key investment pockets, top segments, value chain, regional scenario, and competitive landscape .
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Leading players of the global supplementary cementitious materials market analyzed in the research include ArcelorMittal SA, Boral Ltd., BASF SE, Ferroglobe Plc., CEMEX SAB de CV, Sika AG, LafargeHolcim Ltd., and Tata Steel Ltd.
Rise in activities in the building and construction industry and surge in R&D investments to improve and formulate newer products and applications drive the growth of the global supplementary cementitious materials market. However, disadvantages related to fly ash in the construction industry hinder the market growth. On the other hand, effective solutions for waste management present new opportunities in the coming years.