Global Green Cement Market Is Expected To Grow At A CAGR Of 11.5% From 2017 To 2025
Cement is the most widely used material in construction industry. The manufacturing processes of cement are energy intensive consisting of mining raw materials, crushing and melting, and then pulverizing to obtain fine cement powder.
These processes also generate significant amount of CO2 and greenhouse gases, which have severe environmental impact. Green cement is the cement in which additives are added to make it eco-friendly and environmentally sustainable.
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The global green cement market is segmented based on product, applications, and geography. Based on product, the market is divided into fly ash-based, slag-based, and geopolymer. According to applications, it is categorized into residential, nonresidential, industrial, and others. Geographic breakdown and deep analysis of each of the aforesaid segments have resulted in the following regions: North America, Europe, Asia-Pacific, and LAMEA.
Market Dynamics:
Drivers:
- Prevalence of stringent environment regulations for environmental impact are expected to increase the market demand for green cement.
- Increase in construction activities in the Asia-Pacific region is anticipated to fuel the demand for green cement during the forecast period.
Restraints:
- High cost of the product available commercially.
Market Players:
The top players in the global green cement market include CEMEX S.A.B. de C.V., HeidelbergCement AG, LafargeHolcim, China National Building Material Co., Ltd.(CNBM), Taiheiyo Cement Corporation, Taiwan Cement Corporation, Ecocem Ireland Ltd., ACC Limited, UltraTech Cement Ltd., and Calera Corporation.
KEY TAKEAWAYS
MARKET LANDSCAPE
By Product
- Fly Ash-based
- Slag-based
- Geopolymer
By Application
- Residential
- Nonresidential
- Industrial
- Others
By Geography
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Spain
- Italy
- Rest of Europe
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