Green Cement Market by Product (Fly-ash Based, Slag Based, Recycled Aggregates, and Others) and Application (Residential, Commercial, and Others) - Global Opportunity Analysis and Industry Forecast, 2017-2023

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Green cement can reduce the carbon footprint by 40–50% during its production process. It provides excellent thermal insulation and superior fire resistance, which enables structures to withstand temperatures up to 2,400-degree F. Green cement further increases moisture-resistant capacity with higher protection against corrosion as well. In 2016, the residential segment accounted for nearly half of the share of the global market, and is expected to witness a steady growth rate, registering a CAGR of 13.9% during the forecast period.

In 2016, Europe accounted for a major share of the global market, followed by Asia-Pacific and North America. China dominated the Asia-Pacific market in 2016, in terms of both value and volume. The rapid growth in Asia-Pacific is due to the rapid rise in construction industry, fast-paced urbanization, and increase in awareness related to environment protection. Furthermore, supportive government policies in countries, such as China and India, and heavy inflow of foreign investments in building & construction sector are anticipated to boost the market in the near future.