Green Cement Market Overview:
Global Green Cement Market was alued at $14,947 million in 2016, and is anticipated to reach at $36,481 million by 2023, growing at a CAGR of 14.1% from 2017 to 2023. At present, the global cement industry is facing certain challenges related to growth in enironmental concerns, scarcity of raw materials, and depletion of fossil fuel reseres. It is estimated that, on aerage, a single ton of Portland cement releases approximately 6% of the total global man-made carbon emissions, significantly contributing to the current enironmental issues. This leads to emission of high olume of carbon dioxide and greenhouse gasses, which has enforced seeral builders, goernments, and architects to opt for greener solutions such as deelopment and use of green cement.
The global green cement market is drien by growth in awareness related to reduction in carbon emissions and its detrimental effect on the enironment. In addition, the green cement proides better functionality, requires less natural materials during production, and releases less carbon dioxide than the traditional cement, resulting in higher market penetration during the forecast period. Moreoer, stringent enironment regulations, goernment initiaties to improe tax conditions, and subsidy grants for green materials production are expected to boost the market growth.
The report emphasizes on the different product types of green cement in the market, which include fly-ash based, slag based, recycled aggregates, and others. Based on application, the market is classified into residential, commercial, and others. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. In addition, the report highlights arious factors that impact the market growth, such as key driers, restraints, growth opportunities, and the role of key players. It presents the quantitatie data, in terms of both alue and olume, which are obtained from secondary sources, such as company publications, Factia, Hooers, OneSource, and others.
Global Green Cement Market Segmentation
arious companies are undertaking R&D actiities to improe the technology. These companies hae utilized numerous raw materials to obtain cost-effectie green cement mixture. Thus, such initiatie and adancements by manufacturers are expected to proide lucratie opportunities for the market growth.
Green Cement Market Share, By Geography, 2016 (%)
Top inestment pockets
The commercial segment is expected to be the most lucratie for inestment in the market, followed by the residential segment between 2017 and 2023. The growth in demand for green cement in the commercial segment is due to the increase in its application in commercial establishments such as office spaces, shopping malls, theaters, and hospitals. Furthermore, certain properties of cement, such as greater resistance to extreme weather conditions, compressie strength, and short setting time, are expected to boost the industry growth.
Top Inestment Pocket, By Product
Europe Green Cement Market Analysis
In 2016, Europe accounted for the highest share in the global market, owing to the stringent regulations pertaining to carbon emissions and increase in the taxes that could be leied on industrial emissions. Howeer, Asia-Pacific is expected to surpass Europe’s share during the forecast period.
Italy Green Cement Market Growth, 2016-2023 ($Million)
The key players profiled in the report are LafargeHolcim, HeidelbergCement AG, Anhui Conch Cement, CEMEX S.A.B. de C.., Taiheiyo Cement Corporation, China National Building Material, otorantim cimentos S.A., UltraTech Cement Ltd., Taiwan Cement Corporation, and ACC Limited.
The other major players (not profiled in report) in the market include Ecocem Ireland Ltd., Calera Corporation, Ceratech, Inc., Solidia Technologies, Cenin Cement, Zeobond Pty Ltd., and Green Island Cement Limited.
- This report proides an extensie analysis of the current & emerging market trends and dynamics of the global green cement market.
- The green cement market trend analysis for all the regions is done by constructing estimations for key segments from 2017 to 2023 to identify the preailing opportunities.
- The report assists to understand the strategies adopted by the leading companies in the industry.
- This study ealuates competitie landscape of the industry to understand the global market scenario.
- Extensie analysis is conducted by key player positioning and monitoring the top competitors in the global market.
Green Cement Market Key Segments:
- Fly-ash Based
- Slag Based
- Recycled Aggregates
- North America
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- South Africa
- Rest of LAMEA