(MENAFN- America News Hour) The growth of the market is driven by the growing
construction activities in Asia - Pacific and stringent environmental
regulations.
The Green Cement Market is forecasted to
grow from USD 21.42 Billion in 2018 to USD 43.59 Billion by 2026, at a CAGR of
8.7%, during the forecast period. The market is primarily driven by the growing
construction activities in emerging economies, increased use of alternative
fuels from renewable & waste materials and increased efforts to reduce
carbon emissions.
The green cement market is highly fragmented in nature with
different players involved in production and distribution. Green cement is an
environmentally friendly replacement for the Portland cement.
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Green cement is in its introduction stage as several companies
are still carrying out research and development activities to improve the
properties and capabilities of the product. Due to strict environmental
regulations, government initiatives to improve tax conditions and subsidies for
the production of green materials, demand is expected to rise further over the
forecast period.
Companies considered
and profiled in this market study:
The major players in the market are Anhui Conch Cement
Company (China), CEMEX S.A.B. de C.V. (Mexico), China National Building
Material Co., Ltd. (China), Italcementi (Italy), LafargeHolcim Ltd
(Switzerland), CeraTech (India), Calera Corp. (USA), Kiran Global Chems Limited
(India), HeidelbergCement (Germany), Navrattan Blue Crete Industries Pvt. Ltd.
(India) and others.
Due to the emergence of Limestone Calcinated Clay Cement
(LC3) and Frerrocrete technologies to improve the effectiveness of green
cement, the green cement market is expected to witness rapid technological
developments over the forecast period.
As alternative fuels derived from waste materials such as
solid recovered fuels, foundry sand, animal meals, used oil, filter cakes,
sewage sludge, and fly ashes are increasing, demand for green cement is also
increasing. The main factor that boosts this market's growth is the growing
need to reduce carbon emissions and use clean and green fuel. The global green
cement market is also supported by governments around the globe in promoting
sustainable building and green architecture, which is certified as a leader in
energy and environmental design (LEED).
Segments covered in the report:
This report forecasts volume and revenue growth at a global,
regional & country level, and provides an analysis on the industry trends
in each of the sub-segments from 2016 to 2026. For the purpose of this study,
Reports and Data have segmented the market on the basis of type, application,
end-user and regional analysis.
Type (Kilo Tons) (Revenue, USD Million; 2016-2026)
- Fly
ash based
- Slag
based
- Geopolymer
- Others
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Application (Kilo Tons) (Revenue, USD Million; 2016-2026)
- Residential
- Commercial
- Industrial
End-User (Kilo Tons) (Revenue, USD Million; 2016-2026)
- New Construction Activities
- Repair & Maintenance Activities
Further key findings from the report suggest
- The Green Cement Market is forecasted to grow
from USD 21.42 Billion in 2018 to USD 43.59 Billion by 2026, at a CAGR of 8.7%,
during the forecast period. The market is primarily driven by the growing
construction activities in emerging economies, increased use of alternative
fuels from renewable & waste materials and increased efforts to reduce
carbon emissions.
- The market for fly ash based segment is expected
to grow the largest at USD 14.39 Billion in 2026, at a CAGR of 9.6% during the
forecast period. The fly ash market has grown as a result of growth in the
construction industry, increasing focus on infrastructure and road paving,
legal problems related to dumping fly ash, fly ash promotion by governments of
different countries, and increasing focus on the use of environmentally
friendly products.
- The market for residential segment is expected
to grow the largest at USD 20.49 Billion in 2026, at a CAGR of 9.3% during the
forecast period. Growing urbanization in emerging economies like India and
China is expected to drive growth in this segment over the forecast period with
a growing need for environmentally safe buildings. Furthermore, green roof
growth due to eco-friendly materials from different manufacturers is also
expected to fuel market growth over the forecast period.
- The market for North America is expected to
reach USD 15.69 Billion in 2026, at a CAGR of 9.1% during the forecast period.
Indeed, the global market is highly concentrated and North America is home to a
majority of key players. To further enhance regional demand, increased
stringency of regulatory frameworks is anticipated. However, due to the
presence of a mature construction industry, the rate of penetration in North
America is low. High carbon emissions have resulted in the development of
strict regulations prescribed by intergovernmental and regional agencies to
address environmental degradation.
- The major players in the market are Anhui Conch
Cement Company (China), CEMEX S.A.B. de C.V. (Mexico), China National Building
Material Co., Ltd. (China), Italcementi (Italy), LafargeHolcim Ltd
(Switzerland), CeraTech (India), Calera Corp. (USA), Kiran Global Chems Limited
(India), HeidelbergCement (Germany), Navrattan Blue Crete Industries Pvt. Ltd.
(India) and others.
View Exhaustive Market Research Report @ https://www.reportsanddata.com/report-detail/green-cement-market
John Watson
Head of Business Development
Direct Line: +1-212-710-1370
E-mail:
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