(MENAFN- GlobeNewsWire - Nasdaq) Dublin, Oct. 01, 2024 (GLOBE NEWSWIRE) -- The "Decarbonizing the Cement & Concrete Industry" report has been added to ResearchAndMarkets.com's offering. Purchasers of this report will be able to:
Identify the market trends within the industry and assess what the biggest players in cement production are doing to reduce emissions. Develop market insight of the major technologies used to decarbonize the industry, as well as the policy framework laid out by governments. Understand the role major exporters and importers play in decarbonizing the industry and which strategies they should adopt going forward. Facilitate the understanding of what is happening within hard to abate industries as they look to becoming carbon neutral by 2050.
The cement industry, a significant contributor to global emissions (accounting for 8% of the total), is actively pursuing decarbonization, with a target of producing net-zero cement and concrete by 2050. Key strategies to achieve this include reducing the clinker factor in cement production, adopting alternative fuels, utilizing carbon capture, utilization, and storage (CCUS) technologies, and developing carbon-negative concrete. Despite these efforts, progress remains slow, particularly in regions that produce the most cement.
Governments and industry coalitions have introduced various policies to support decarbonization, but achieving net neutrality by 2050 will require comprehensive efforts across the entire value chain. This includes major importers like North America and exporters such as Asia. The International Energy Agency (IEA) highlights that cement production must plateau and emissions must decrease by around 20% to meet these ambitious goals.
The sector faces significant challenges due to its high energy demands and the growing global need for new construction, especially in rapidly urbanizing areas. While electrification is not viable for cement production, increasing the use of alternative fuels to replace coal is critical. CCUS infrastructure, although still in early development, is being implemented in some plants, but it is hindered by slow growth and high costs.
Circularity, which promotes the use of waste materials and fuels from waste, is gaining traction as a complementary strategy. New technologies have shown potential to make concrete net carbon-negative, though they are still in their infancy and costly. With the right governmental support and incentives, these innovations could scale rapidly in the coming decade.
Major players like CRH, Holcim, Cemex, and Heidelberg Materials have set individual decarbonization targets and joined industry coalitions to align efforts. To meet the global net-zero target by 2050, the cement industry will need to address these challenges while accelerating the adoption of decarbonizing technologies.
Key Topics Covered
Executive Summary
Cement and concrete carbon emissions
Policies to decarbonize the cement industry
Largest importers and exporters of cement
Introduction to decarbonizing technologies
Clinker factor
CCUS
Alternative fuels
Green concrete
The path forward
List of Tables
Targeting emissions reductions by company
Advantages and disadvantages of decarbonizing technologies
Assessing decarbonization options for the cement industry
List of Figures
Sources of emissions from cement
Direct emissions intensity of cement production in the net-zero scenario (2015-2030)
Global cement production in the net-zero scenario (2010-2030)
Operational cement plants by region (2024)
Upcoming cement plants by region (2024)
Global CCS capacity (2020-2030)
Global CCS capacity from cement industry (2020-2030)
CCS capacity by region (2025-2030)
CCUS projects government funding status (2025-2035)
Total renewable fuels' production capacity (2025-2030)
synthetic fuel production capacity (2025-2030)
Alternative fuel rate
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