Press release
Green Cement Market is Witnessing Huge Demand by 2025 - China National Building Material Co., Ltd., China Resources Cement Holdings Limited, aiwan Cement Corporation, Votorantim Cimentos, Ecocem, Anhui Conch Cement Company Limited, CEMEX, and Taiheiyo Cem
Green Cement Market to Reach US$ 42.73 Bn by 2025
Rising Demand for CO2 Reduction is Emphasizing the Demand for Green Cement at a CAGR of 13.3%
The rising penetration of green cement market in the developing economies of Middle East and Africa, and Asia coupled with the rapidly developing commercial, residential and industrial infrastructures in these regions are proving to be the major drivers for the growth in the adoption of green cement market in the present scenario and the trend is expected to boost the market to propel in the coming years.
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Top Dominating Key Players in this Industry:
- Anhui Conch Cement Company Limited
- China National Building Material Co., Ltd.
- China Resources Cement Holdings Limited
- LafargeHolcim Ltd
- Votorantim Cimentos
- Ecocem
- Taiheiyo Cement Corporation
Latest market study on Green Cement Market to 2025 – Global Analysis and Forecasts Type (Fly Ash, Recycled Aggregate, Slag, and Others); End Users (Commercial, Residential, and Industries) – Global Analysis and Forecast”, the Green Cement market is estimated to reach US$ 42.73 Bn by 2025 from US$ 15.55 Bn in 2017. The report include key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.
The global green cement market on a global context has been segmented into two segments namely; by types and by end users. Further the market is broken down on basis of five strategic regions globally as North America, Europe, Asia Pacific, Middle East and Africa, and South America. The regions are again segmented into various countries. Based on different types of green cement the market is categorized as fly ash, recycled aggregates, slag and others. The end users segment is classified as commercial sector, residential sector and industrial sector. Geographically, the market is presently dominated by Asia Pacific region, however, the market is expected to be in favor of Middle East and Africa region during the forecast period.
The industries across the globe are continuously engaging themselves in enhancing environmental sustainability and maintain a pollution free zone in the vicinity. The cement industry is one of the major industries in CO2 emission, accounting for more than 5% of global CO2 emission. The key reason behind the emission is the decarbonation of limestone as well as the enormous amount of energy needed to heat the raw materials. Various initiatives have been undertaken by the developed nations and developing economies across the globe in order to manufacture high-class cement with improved energy and reduced CO2 emissions. Several organizations and cement manufacturers are continuously focusing on the development of energy efficient concrete material and lower the CO2 emission percentage.
As the demand for commercial, residential and industrial infrastructure is rapidly increasing across the globe, the demand for energy efficient, low carbon content cement is also growing simultaneously. Attributing to these two factors, the fly ash cement, slag cement, limestone calcined clay cement, and recycled aggregates cement among others are gaining substantial prominence in the current scenario.
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Segment Overview:
Global Green Cement Market – By Type
-Fly Ash
-Recycled Aggregates
-Slag
-Others
Global Green Cement Market – By End User
-Commercial
-Residential
-Industrial
Global Green Cement Market – By Geography
North America
-U.S.
-Canada
-Mexico
Europe
-France
-Germany
-Italy
-UK
-Rest of Europe
Asia Pacific (APAC)
-Australia
-China
-India
-Japan
-Rest of APAC
Middle East and Africa (MEA)
-South Africa
-Saudi Arabia
-UAE
-Bahrain
-Qatar
-Rest of MEA
South America (SAM)
-Brazil
-Rest of SAM
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