Green Cement Market is Forecasted to Reach US$ 1016.5 Million in 2028, Says Stratview Research

The global green cement market is projected to witness a growth rate of 5.4% annually from 2022 to 2028, with an anticipated size of US$ 1016.5 million by 2028, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global green cement market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

Click here to get a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/1370/green-cement-market.html#form

Report Highlights:
Market Size in 2028: US$ 1016.5 million
Growth (CAGR): 5.4% during 2022-2028
Forecast Period: 2022-2028
Trend Period: 2016-2020
Base Year: 2021
Number of Segments Covered: 3
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20

Segment Insights on the Green Cement Market:

The global green cement market is segmented based on product type, application type, and region.

Based on product type - "The fly-ash-based segment accounted for the largest market share."
The market is segmented into fly ash-based, slag-based, recycled aggregates, and others. The fly-ash-based segment held the largest share more than 35% of the market in 2021 and is expected to remain dominant. Fly ash-based green cement provides cost-effective of products, which is one of the primary reasons for its growing demand in recent years. The composition of these types of cement is comparatively simple with better compressive strength than other green cement, which is driving the growth of the segment.

Based on application type - "The commercial segment accounted for the largest market share."
The market is segmented into residential, commercial, and others. The commercial segment held the largest share more than 40% of the market in 2021 and is expected to remain dominant. Progressive infrastructure advancement is one of the key factors responsible for the increasing demand for green cement in commercial applications. Improvement in the emerging construction industry will inflate the segment's growth. Also, construction activities in various South Asian countries, such as Thailand, India, Vietnam, China, and Thailand, are driving the segment's growth.

To know the most attractive segments, click here:
https://www.stratviewresearch.com/1370/green-cement-market.html

Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that Asia-Pacific is estimated to be the largest as well as the fastest-growing market for green cement. This growth outlook is majorly attributed to the following-

• Asia-Pacific generates maximum revenue compared to any other region due to growing infrastructure and construction activities in emerging economies.
• ASEAN countries, such as Malaysia, the Philippines, and Thailand have shown recent significant investments in the construction segment through various public projects such as seaports, transports, and power, which is underpinning the region's market.
• North America and Europe are expected to offer substantial growth opportunities.

Green Cement Market Drivers:

Some of the key drivers listed in the report are given below.
The demand for green cement is mainly the growing infrastructure and construction activities, such as the construction of bridges, underpasses, and sewages. Favorable government policies for green buildings and increasing concern about GHG emissions from cement production are bolstering the market.
The green cement market has a lot of growth potential which is due to the increasing recognition of the need for lowering of carbon footprints and reducing the negative impact of traditional cement production. Green cement, a fermentation product from industrial wastes such as slag and fly ash, which not only solves waste disposal problem but also reduces fossil fuel consumption. The market advantages from the increasing use of sustainable cement in residential and non-residential projects. This contributes to market growth. Governments across the globe are reinforcing their emission reduction targets and green construction methods to support green cement as a low-carbon alternative. Green cement formulations with circular economy principles will see a growth in the trend of innovation over time. The main players are reducing atmospheric CO2 emissions and creating sustainable roles that lead to market growth.

Top Companies in the Green Cement Market:
Stratview Research has identified the following companies as the top market players.
• Lafarge Holcim
• China National Building Material
• ACC Limited
• Heidelberg Cement AG
• Anhui Conch Cement
• CEMEX S.A.B. de C.V.
• Taiheiyo Cement Corporation
• Votorantim Cimentos S.A.
• UltraTech Cement Ltd.
• Taiwan Cement Corporation

What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Green Cement Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com

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• Fiber Cement Market: https://www.stratviewresearch.com/998/fiber-cement-market.html

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This release was published on openPR.