Global Green Cement Market is projected to grow in the next five yearsMarket – Forecasts from 2019 to 2024”, covers an in-depth analysis of the market on the basis of product, application, and geography. The report also covers the country level analysis within the regions as well. Additionally, the report covers the key trends in the market along with drivers and restraint during the forecast period 2019-2024. The report has segmented the green cement market by product (granulated blast furnace slag, fly ash based, recycled aggregates, others), application (commercial, residential, and industrial, public infrastructure), and geography (North America, South America, Europe, Middle East and Africa, Asia Pacific). Green cement is produced by using waste materials as one of its components and it is produced through processes that are not detrimental to the environment. Cement plays a crucial role in the construction industry but is also the major polluting agent worldwide. With burgeoning construction activities across the globe, the demand for sustainable cement is spurring. According to U.S Cement Industry Annual Yearbook, the total cement consumption by thousands of metric tons in the U.S. has increased from 81,662 in 2013 to 92,100 in 2015. Thus, green cement is steadily being utilized by the countries so as to reduce the carbon emission from cement production. The rising propensity towards sustainable construction is driving the global green cement market growth. Furthermore, the government of different countries is supporting the construction of green buildings and the use of sustainable materials that are encouraging the cement manufacturers towards producing green cement. Thus, the market is expected to grow at a good rate owing to its growing penetration in commercial, residential, and civil applications.
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Fly ash holds a significant share in the market
Fly ash is a byproduct that is produced from the combustion of pulverized coal. It holds a significant share in the market on account of its increased use as a cementitious and pozzolanic ingredient in concrete that improves desirable properties of concrete and sustainable development.
Industrial and Public Infrastructure application holds a significant share in the market and is expected to show decent growth over the forecast period.
Industrial and public infrastructure application hold a significant share in the market on account of the growing construction of dams, buildings, and bridges from green cement. The market is expected to grow at a decent growth over the forecast period owing to an increased propensity towards green buildings construction.
The Asia Pacific is expected to show substantial growth over the forecast period.
The Asia Pacific green cement market is expected to grow at a substantial rate owing to rapid urbanization and industrialization in the region. The growing use of sustainable materials in building construction in countries such as Malaysia is expected to boost the green cement market in the region.
Some of the major players discussed in the reports are LafargeHolcim, Anhui Conch Cement Company Limited, HEIDELBERGCEMENT AG, CEMEX S.A.B. de C.V., TAIHEIYO CEMENT CORPORATION, ECOCHEM, Solidia Technologies, UltraTech Cement Ltd., and Kiran Global Chem Limited.
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