Green Cement Market 2024 Top Manufacturers are Cemex, Italcementi, LafargeHolcim.

North America green cement market is going to witness significant rise due to stringent rules and guidelines by the Environmental Protection Agency (EPA) to support environment-friendly raw materials along with growing consumer demand for a clean source of energy will drive green cement market growth. With rising concerns over climate change, environmental activists and regional agencies continue to put pressure on the major companies to adopt an eco-friendly approach in the production of cement.

Asia-Pacific green cement market is expected to witness a substantial growth owing to increasing construction sector in the developing economies of India and China. In recent years, Indian cement industry continues to use more recycled products as fuels and raw materials. China continues to strengthen its dominance by accelerating investment in renewable energy and supporting technologies.

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Residential sector will lead the global green cement market due to rising population density in urban regions. Demand for residential projects increased substantially which, in turn, has propelled the product market growth. Furthermore, the upward trend in infrastructural development will likely to add to the demand for green cement market in forecasted timeframe.

In July 2016, CEMEX Philippines declared to finance USD 300.0 million in a new cement capacity and will develop company’s business portfolio in the Philippines. In May 2016, Chile completed phase I "Green Town Program" structural construction and the step is a breakthrough accomplishment for CNBM in promoting the “Green Town” strategy. Rising demand for the green town and building projects will significantly add to the green cement market growth in forecasted time frame.

Top Key Manufacturers: -

1. CEMEX
2. Italcementi
3. Calera
4. LafargeHolcim
5. Heidelberg Cement
6. China National Building Material

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Europe fostering investments in infrastructure development and using recycled products as a raw material for cement production, therefore, green cement market will also benefit from a stable legal framework in forecasted time frame. Increasing population coupled with the current trend for urbanization will drive regional green cement market. Rising demand for sustainable cities that provide access to affordable and energy-efficient housing will add to the product market growth in the region.

Australia cement industry produces over 10m tons of cementitious materials and in process release around 7.2m tons of greenhouse gas emissions .Increasing population and mounting pressure on housing stock will surge the application of concrete in forecasted time frame. Australian cement manufacturing companies are investing heavily in green cement market owing to rise in environmental concern associated with traditional cement.

Green Cement Market size is mainly driven by increase in constructional activities and promoting strict government rules and regulation regarding eco-friendly products. Globally, the cement industry is facing challenges relating to energy resources, CO2 emissions and use of alternative materials. Clay, sand and pulverized limestone are some of the key ingredients used in the production of traditional cement which involves heat treatment process. Green cement does not require ample heat during its production, thus decreases carbon footprint by 40-50% as compared to conventional cement, which accounts over 5% of global carbon dioxide emissions.

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Globally, cement industries shifted their focus to overcome challenges related to CO2 emissions using best alternative measures. The major participants of green cement market are CEMEX, Italcementi, Calera, LafargeHolcim, Heidelberg Cement, Manufacturers and China National Building Material Company. These companies are also capitalizing heavily on research and development for better and low-cost product development. Government regulations and norms to control pollution and necessity for promoting green construction, are differentiating and integrating the companies’ role across the value chain.

 

 

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