The Green Cement Market is estimated to grow at a significant CAGR over the forecast period (2020-2027).
The factors driving the growth of Green Cement market includes rise in the construction of bridges, dams, and structural columns, around the world, growing focus on reducing carbon emissions, increasing demand for green buildings and improvements in the living standards. Moreover, scarcity of raw materials, depletion of fossil fuel reserves, growing awareness about environmental hazards of production of Ordinary Portland Cement (OPC), increasing adoption of advanced technologies by manufacturers and rapid urbanization, are some of the additional factors supplementing the Green Cement Market size. In addition, the increasing investments by leading players on research and development, rapid urbanization and rising disposable incomes, are further contributing towards the market growth.
However, rising uncertainty about the class of green cement is restricting the growth of the Green Cement Market.
The prominent players operating in the Green Cement Market includes Taiwan Cement Corporation, Ecocem Ireland Ltd., ACC Limited, Taiheiyo Cement Corporation, UltraTech Cement Ltd., CEMEX S.A.B. de C.V. (Cemex), Heidelberg Cement AG, Lafarge Holcim, Calera Corporation, and Ceratech In, among others.
Based on Product Type, the Fly-ash Based segment is predicted to expand at a robust CAGR during the forecast period
Fly-ash based green cements enhances the workability of plastic concrete and improves the strength and durability of hardened concrete, are some of the features pushing the growth of the segment.
Based on Application, the Residential segment is projected to grow at a faster CAGR over the forecast period
Rise in the construction of residential apartments and growing focus on reducing carbon emissions, is propelling Global Green Cement Market.
Based on Region, the North American region is anticipated to expand at a remarkable CAGR during the forecast period
Government regulations promoting the construction of green buildings, growing awareness about the benefits of green cement, rapid industrialization, rising population growth rates and high per capita incomes, are some of the important factors augmenting the market growth in North American region.
Market Segmentation
Segmentation by Product Type
- Fly-ash Based
- Slag Based
- Recycled Aggregates
- Others
Segmentation by Application
- Residential
- Commercial
- Others
Segmentation by Region
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- North America
- United States of America
- Canada
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
About GMI Research
GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.
Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: https://www.gmiresearch.com/
