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Research Nester published a report titled“Green Cement Market : Global Demand Analysis & Opportunity Outlook 2031” which delivers detailed overview of the global green cement market in terms of market segmentation by product, application, end-user, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global green cement market is anticipated to attain a CAGR of ~8% over the forecast period, i.e., 2022 – 2031. The market is segmented by application into mass construction, bridges and roads, and others, out of which, the mass construction segment is anticipated to hold the notable share over the forecast period. Mass construction projects, such as, dams, retaining walls, and drains require higher strength and resistance to damage which is delivered by green cement. Moreover, use of green cement or green concrete for larger projected can significantly reduce the impact on the environment.
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The global green cement market is estimated to grow on the back of growing adoption of sustainable construction, and environment friendly nature of green cement. Green concrete is made by recycling waste, such as, fly ash, therefore, reducing waste, as well as, energy consumed for production of cement. Such factors are estimated to boost the market growth. Energy consumption accounts for around 20 to 40% of production costs of cement.
On the basis of geographical analysis, the global green cement market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in the North America region is anticipated to gain the largest market share throughout the forecast period owing to the increasing adoption of green construction practices in the developed countries, backed by presence of major market players in the region. According to the data by the U.S. Green Building Council, buildings are responsible for around 40% of the CO2 emissions in the United States.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players' competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Environment Friendly Properties of Green Cement to boost the Market Growth
According to the data by the International Energy Agency, buildings construction is responsible for over 33% of global final energy consumption, and 40% of the carbon dioxide emissions.
Green cement has least negative impact on the environment, as it is made from recycled waste. The rising awareness regarding the negative impact of construction activities on the environment is estimated to propel the market growth. Additionally, the presence of strict government regulation for the environment protection is also forecasted to promote the growth of green cement market.
However, lack of awareness regarding green cement is expected to operate as key restraint to the growth of global green cement market over the forecast period.
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This report also provides the existing competitive scenario of some of the key players of the global green cement market which includes company profiling of Navrattan Group, Holcim Ltd., Ecocem Ireland Ltd., Kiran Global Chem Limited, Heidelbergcement AG, Votorantim Cimentos, Minerals Technologies Inc., Taiheiyo Cement Corporation, CEMEX S.A.B. de C.V., and Calera Capital. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global green cement market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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