Green Cement Market Global Industrial Applications Witness Fastest Growth up to 2024

According to the research report, the global green cement market is expected to be worth US$38.10 bn by the end of 2024 as compared to US$14.80 bn in 2025. During the forecast period of 2016 and 2024, the global market is projected to exhibit a CAGR of 11.3%.

View Full Report: https://www.transparencymarketresearch.com/green-cement-market.html

On the basis of geography, the global green cement market is segmented into Europe, North America, Asia Pacific, and Rest of the World. As of 2015, Europe accounted for the largest share in the global market. The phenomenal demand across Europe was attributable to the stringent regulations pertaining to carbon emissions and the growing tensions pertaining to the taxes that could be levied on industrial emissions. However, Asia Pacific is expected to surpass Europe’s share during the forecast period. The growing number of construction and building activities and increasing infrastructural development are all expected to contribute toward growing demand for green cement market. Furthermore, growing initiatives by governments to take up green building initiatives for creating sustainable living spaces is also projected to augment the demand for these materials.

North America is also expected to account for a significant share in the overall market in the coming years. The residential segment will be the leading consumer for green cement over the forecast period. The Middle East and Africa are also expected to show a keen interest in using green cement in the coming years as the region is planning on developing multifamily housing projects in the near future.

The top five players in the global green cement market held a lion’s share of 51% in the overall market in 2015. These leading players are Heidelberg Cement AG, China National Building Material, Lafarge S.A., CEMEX S.A.B. de C.V., and Taiheiyo Cement Corporation. These companies have been focused on strategic mergers and acquisitions to expand their capacity, observes Transparency Market Research. “Persistent focus on technological developments and product differentiation to add value to products are expected to be one of the winning strategies of these companies,” states the lead author of this research report.

Report Overview, with TOC - https://www.transparencymarketresearch.com/report-toc/11963

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This release was published on openPR.