Global Green Cement Market- Overview
It is estimated for the global green cement market to witness growth at a CAGR of 12.5% during the forecast period of 2022 to 2030. The market witnessed growth at a CAGR of 9.8% during the previous forecast period of 2018 to 2021. Green Cement is an eco-friendly cement that uses a carbon-negative process of manufacturing. The major raw materials used to produce green cement include mostly the discarded waste from the industry. The slag from the blast furnace and fly ash are the chief materials used in the manufacturing of green cement.
Global Green Cement Market- Growth Factors
The environmental benefits associated with the integration of green cement is the major factor that is estimated to foster the growth of the market during the forecast period. The growth in the construction activities across the globe is estimated to boost the growth of the market during the forecast period. Growth in the office spaces owing to the growing demand for employment is also estimated to boost the growth of the market during the forecast period. Apart from this, the growing number of houses owing to the growing population is also estimated to drive the growth of the market during the forecast period. The growth in the construction of smart cities is leading to the shifting of the population from one place to another and this factor is fostering the growth of the market owing to the construction activities taking place in the smart cities and this factor is driving the growth of the market during the forecast period.
Global Green Cement Market- Market Trends
The environmental benefits associated with the integration of green cement is the major factor that is estimated to foster the growth of the market during the forecast period.
The growth in the construction activities across the globe is estimated to boost the growth of the market during the forecast period.
The growth in the construction of smart cities is leading to the shifting of the population from one place to another and this factor is fostering the growth of the market owing to the construction activities taking place in the smart cities and this factor is driving the growth of the market during the forecast period.
Global Green Cement Market- Segmentation
The global green cement market is segmented on the basis of product type and application type.
Based on product type, the market is segmented into,
Fly Ash Based
Slag Based
Geopolymer
Others
Based on application type, the market is segmented into,
Residential
Non-residential
Industrial
Infrastructure
Global Green Cement Market Regional Analysis
It is estimated for the region of Asia Pacific to drive the growth of the market during the forecast period. The growing in the technological advancements in the region is estimated to foster the growth of the market during the forecast period. The region of Europe is estimated to witness growth at a healthy rate during the forecast period. The US region is also estimated to witness a notable growth rate in the market.
Global Green Cement Market Key Market players
CEMEX S.A.B. de C.V., HeidelbergCement AG, LafargeHolcim, Taiheiyo Cement Corporation, Votorantim cimentos S.A., China National Building Material Company Limited (CNBM), Taiwan Cement Corporation, and Ecocem Ireland Ltd are some of the major players that are driving the growth of the market during the forecast period.
