U.S. Supplementary Cementitious Materials Market is Expected to Reach $6.8 Billion by 2030

According to a new report published by Allied Market Research, titled, " U.S. Supplementary Cementitious Materials Market by Type and Application: Opportunity Analysis and Industry Forecast, 2021-2030," 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 cementitious materials are used for advanced concrete performance in its fresh and hardened state. They are primarily used for enhanced workability, durability and strength. These materials allow the concrete manufacturers to design and modify the concrete mixture to meet the need of desired application. Usage of supplementary cementitious materials reduces the consumption of Portland cement, which consume high energy and it also emits CO2 while production. Usage of supplementary cementitious materials is increasing as the demand for environment-friendly constructions has increased.

The factors that drive the growth of the U.S. 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.

On the basis of type, the slag cement accounted for more than half share of the U.S. supplementary cementitious materials market in 2020, and is expected to maintain its dominance during the forecast period. On the basis of application, the residential segment dominated the U.S. supplementary cementitious materials market in terms of revenue, in 2020, owing to increase in urbanization in emerging countries.

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.

Key findings of the study

• Fly ash segment is projected to grow at the highest CAGR of approximately 7.4%, in terms of revenue, during the forecast period.
• By application, the commercial segment is expected to dominate the market during the forecast period.
• A comprehensive analysis of the factors that drive and restrain the market growth is provided.
• The qualitative data in this report aims at the market dynamics, trends, and developments in the industry.

Impact of COVID-19 on the U.S. supplementary cementitious materials market

• Since the outbreak of COVID-19 in December 2019, the disease has spread to almost 213 countries around the globe with the World Health Organization declaring it a public health emergency on March 11, 2020.
• The outbreak of COVID-19 pandemic had led to partial or complete shutdown of production facilities, which do not come under essential goods, owing to prolonged lockdown in major countries such as the U.S., China, Japan, India, and Germany. It has led to either closure or suspension of their production activities in most of the industrial units across the world.
• Construction activities were temporarily halted due to the outbreak of COPVID-19, keeping in mind the concerns regarding workers in the construction industry.
• According to the Energy Information Administration (EIA), U.S. coal production fell to its lowest level since 1965 in 2020 due to low worldwide demand after the COVID-19 pandemic. This has impacted the fly ash market in the U.S.
• Moreover, the construction industry has been adversely impacted by the COVID-19 pandemic in the U.S., as the industry has faced supply chain issues. However, the market is reviving on account of the government's significant measures such as vaccination drives.
• Furthermore, the construction industry is overcoming the challenges of supply chain disruptions, which is expected to provide the impetus to the market.