12-Jan-2021 | Zion Market Research
As per analysts at Zion Market Research, the global green cement market is expected to attain at over $37,712 million by 2025, advancing at a CAGR of above 14.3% during the forecasted period 2019–2025. Right now, the global cement industry is witnessing some challenges related to development in environmental concerns, insufficiency of raw materials, and weakening of fossil fuel reserves. It is predicted that, typically a single ton of Portland cement discharges almost 6% of the total global man-made carbon emissions, notably contributing to the present environmental problems. This leads to release of high volume of greenhouse gasses & carbon dioxide, which has implemented many builders, administrations, and architects to go for greener solutions like development and deployment of green cement.
Some of the key players in the market are China National Building Material, Taiwan Cement Corporation, ACC Limited, LafargeHolcim, CEMEX S.A.B. de C.V., Taiheiyo Cement Corporation, UltraTech Cement Ltd., Anhui Conch Cement, Heidelberg Cement AG, and Votorantim cimentos S.A.
Rise In Awareness About To Reduction In Carbon Emissions To Spur The Global Green Cement Market
The global green cement market is motivated by rise in consciousness related to lessening in carbon emissions and its damaging effect on the environment. Additionally, the green cement presents superior functionality, needs less natural materials throughout manufacturing, and discharges less carbon dioxide compared to the traditional cement, which is causing higher market penetration. Furthermore, strict environment guidelines, administrative initiatives to advance tax conditions, and funding grants for green materials manufacturing are likely to fuel the market growth.
The global green cement market is bifurcated on the basis of product, application, and regional analysis. Based on the product, the market is divided into slag based, fly-ash based, recycled aggregates, and others. Based on the application, the market is divided into commercial, residential, and others.
The North America & Asia Pacific Region Predicted To Witness Massive Growth In The Global Green Cement Market
Based on geographical analysis, the global green cement market is divided into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. The North America region is anticipated to show noteworthy growth in the demand for green cement, due to strict regulations implemented particularly in the U.S. by EPA (Environmental Protection Agency) and also surging consumer demand for the greener, cleaner, and sustainable products. The stringent policies and restrictions by regional organizations owing to the rising concerns over climate change are anticipated to present a thrust to the intake of green cement during the estimated period. The Asia Pacific region is also expected to register noteworthy growth in demand for green cement due to strong growth in the construction industry across the budding economies such as India and China. Moreover, strong growth is anticipated in the construction segment, particularly in Middle East countries like United Arab Emirates and Saudi Arabia, amongst others are likely to fuel the growth in demand for the green cement over estimated period.
Browse the full “Green Cement Market - By Product (Slag Based, Fly-Ash Based, Recycled Aggregates, And Others), By Application (Commercial, Residential, And Others), And By Region - Global Industry Perspective, Comprehensive Analysis, And Forecast, 2019 – 2025.” Report at https://www.zionmarketresearch.com/report/green-cement-market
The global green cement market is segmented as follows:
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