Market Insights
The global Green Cement Industry is expected to get doubled at a CAGR of
15% between 2017 to 2023 as sustainability becomes a priority for the
construction industry. This figure has been taken from the reports of Market
Research Future Reports.
Green cement is known as an eco-friendly substitute than conventional
cement. The demand for it in the construction industry has increased since some
years owing to its property of reducing carbon emissions at construction sites,
which is estimated to go to 40%. There is no definite formula or chemical
combination to create green cement. However, with the help of various
researches and the presence of a key market, players have developed multiple
ways to manufacture green cement. It has gained much traction since past years,
and it is estimated that the global Green Cement Industry will flourish
tremendously in future and will gain more traction in the years to come.
The process for the production of conventional cement is the primary
concern for spreading of carbon dioxide pollution and other harmful air
pollutants. Thus, green cement is the critical material for such a problem,
which is manufactured with a different process.
Global Key Players
·
HeidelbergCement
AG
·
LafargeHolcim
Ltd.
·
Taiheiyo
Cement Corporation
·
Taiwan
Cement Corporation
·
Ecocem
Ireland Ltd.
·
ACC
Limited
·
UltraTech
Cement Ltd
·
Calera
Corporation
·
Ceratech,
Inc
·
Solidia
Technologies, Inc.
·
Cenin
Cement
Global Green Cement Industry:
Drivers & Trends
The Green Cement Industry is chiefly driven by factors such as an
increase in constructional activities and promotion of strict government rules
and regulation regarding eco-friendly products. Thus, the eco-friendly nature
of green cement is tremendously influencing the end users to adopt, thereby,
fueling the Green Cement Industry growth in positive ways.
On the other hand, the rising demand of commercial constructions which
includes infrastructure, industrial, residential and non-residential buildings
such as shopping malls, office spaces, theaters and museums, hospitals and
administrative buildings will also drive the Green Cement Industry growth till
2023. On the global note, there is a steady growth in the demand for green
cement owing to the government initiatives for affordable housing, low-interest
rates for home loans, and the global rise in infrastructure spending. With
that, factors such as the growth in population and multifamily housing projects
in developing regions are also supporting the growth of the construction
industry in magnificent ways.
As per the research, economic development and rapid urbanization in
developed regions are also increasing the demand for new construction, which
involves green cement. Even disruptive trends around the construction industry
can create new opportunities to accelerate the growth Green Cement Industry. 3D
printing is one example of a disruptive technology, which is used as an
alternative for constructing houses without any need for concrete. These
factors are thus finding the global Green Cement Industry expanded rapidly
during the forecast period.
Green Cement Industry
Segmentation
In the reports of MRFR, the global green market has been segmented based
on application and product type.
By the mode of application, the market has been segmented by
residential, non-residential, and industrial.
By the mode of product type, the market has been segmented by fly ash
based, slag based, geopolymer, and others.
Regional Outlook
On a geographical note, the North America region is probable to lead the
Green Cement Industry owing to the incidence of stringent rules and regulations
regarding the GHG emissions by the government authorities of the region.
Whereas, the Asia-Pacific region is also expected to flourish stably, owing to
the rapid industrialization and urbanization in the region. Therefore, the
increasing number of construction activities along with the growing alertness
for green cement is likely to contribute to the growth of the market.
Get Complete Report@ https://www.marketresearchfuture.com/reports/green-cement-market-2907
No comments:
Post a Comment