The Green Cement by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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https://www.thebusinessresearchcompany.com/report/green-cement-global-market-report
According to The Business Research Company’s Green Cement, The green cement market size has grown strongly in recent years. It will grow from $30.15 billion in 2023 to $33.02 billion in 2024 at a compound annual growth rate (CAGR) of 9.5%. The growth in the historic period can be attributed to increased sustainability awareness, rise in demand for low-carbon footprint materials, favorable government policies for green buildings, increased concern about greenhouse gas (ghg) emissions,rising demand from the residential construction industry.
The green cement market size is expected to see strong growth in the next few years. It will grow to $47.32 billion in 2028 at a compound annual growth rate (CAGR) of 9.4%. The growth in the forecast period can be attributed to rapid urbanization in developing countries, rising industrial activities, rise in infrastructure development, consumer preference for sustainable buildings, rising demand from the residential construction industry. Major trends in the forecast period include advancements in green cement technologies, carbon capture and utilization (ccu) in cement production, circular economy practices, carbon labeling for construction materials, collaborative research and development.
The growth of awareness related to a reduction in carbon emissions and its detrimental effects is expected to propel the growth of the green cement market. The high contribution of the cement industry to CO2 emissions and its detrimental effects on human health have contributed to an increase in the shift towards the adoption of green cement. For instance, according to a report published by the International Energy Agency in 2022, global energy-related carbon dioxide (CO2) emissions increased by 0.9%, equivalent to 321 million metric tons, reaching a record high of more than 36.8 gigatons. Further, in February 2022, according to the Environmental Protection Agency, a US-based governmental agency, the total rise in greenhouse gas emissions had increased by around 78%, with emissions from burning fossil fuels and industrial activities accounting for about 90% of the increase across the globe. Communities across the globe are investing in green cement to reduce their contribution to emissions and increase support for sustainable building materials, which is expected to boost demand for green cement during the forecast period.
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The Green Cement Market Covered In This Report Is Segmented –
1) By Type: Fly-ash Based, Slag Based, Recycled Aggregates, Other Types
2) By Application: Residential, Commercial, Industrial
3) By End User: New Constructions Activities, Repair & Maintenance Activities
Technological innovations in green cement are a key trend gaining popularity in the green cement market. Major companies operating in the green cement sector are focused on developing new technological solutions to expand their existing product portfolio and strengthen their position in green cement, or eco-friendly cement. For instance, in February 2021, ACC Limited, an India-based cement manufacturer and subsidiary of the Holcim Group, launched EcoPact green cement to bring down carbon emissions due to production and implementation. EcoPact is a ready-mix concrete that reduces CO2 emissions by up to 100%. These innovations are a key trend in the green cement market.
The Green Cement Market Report Table Of Contents Includes:
1. Executive Summary
- Market Characteristics
- Market Trends And Strategies
- Impact Of COVID-19
- Market Size And Growth
- Segmentation
- Regional And Country Analysis
………
- Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions
- Future Outlook and Potential Analysis
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