Global Green Cement Market: Overview
The use of the green cement in the construction sector has increased considerably. This is due to its advantage that it helps in reducing the carbon footprints which is associated with the use and the manufacturing of the green cement. Green cement belongs to the category of cement that has the functional properties of the standard cement but do not cause any harmful effect on the environment.
Green Cement Market: Growth Factors
The rise in the construction activities around the globe is contributing to the growth of the market. The demand for the green cement will increase in the coming years owing to the growing demand for the substitute fuels that are derived from the renewable resources and by recycling the waste materials. Furthermore, the rise in the efforts owing to the growing need towards minimizing the carbon emissions is another factor that is driving the growth of the market. There are huge investments and efforts being taken by the government to promote the green constructions for preserving the ecological buildings. The benefits of using green cement are it gives higher resistance to weather and other environmental issues thus increasing its demand in the global market. The factor that is restraining the growth of the green cement market is the lack of availability of the raw materials.
Green Cement Market: Segmentation
The global market for the green cement is fragmented into its product type and applications. Based on the product type, the global market is segregated into geopolymer, fly ash based, slag based, and others. Based on the applications, the market is categorized into industrial, residential, commercial, and infrastructure. It is expected that there will be an increasing demand for the green cement from the residential sector owing to its benefits such as increased compressive strength, high durability, and resistance against harsh environmental conditions.
Green Cement Market: Regional Analysis
Due to the strict regulations that are implemented in the state of the U.S. by the organization EPA, North America is dominating the green cement market. The other factor that is supporting the growth of the market in this region is the increasing consumer demand for greener, cleaner, and sustainable products. A healthy market growth is expected in the region of Asia Pacific owing to the increasing demand for the green cement in the construction sector which is especially in the emerging economies such as India and China. Increased growth in the infrastructures such as hospitals, government accommodation, social infrastructure, transport, and others in the emerging nations has promoted the market growth in the Asia Pacific. The robust growth of the construction industry in the region of the Middle East and Africa will contribute to the growth of the market in the coming years.
Green Cement Market: Competitive Players
Some of the major companies in the global green cement market include HeidelbergCement AG, Calera Corporation, CeraTech, Ecocem Ireland Ltd., Kiran Global Chems, Siam Cement Public Company (SCG), Taiwan Cement Corporation, LafargeHolcim, Anhui Conch Cement Company, CEMEX, China National Building Material Company Limited (CNBM), Italcementi, Navrattan Blue Crete Industries Pvt., Ltd., Taiheiyo Cement Corporation, and Votorantim Cimentos S.A.
Green Cement Market: Regional Segment Analysis
- North America
- The U.S.
- Europe
- The UK
- France
- Germany
- The Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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