The report entitled “Green Cement Market” assesses the regional and global market according to the type, packaging, end use, and region. A thorough report offers comprehensive historical and projected market size, along with a forecast analysis. The report provides the importance of the market’s share, capacities for the production of the leading players, an overview of the competition, and strategic imperatives. It also provides annual growth rates, sales figures production overview, as well a competitive assessment for the targeted players analyzed in the global market research study on green cement.
The Market’s Overview and Dynamic: The demand for Green Cement is set to rise during the forecast period
The market for green cement is expected to expand by more than 11% over the 2022-2028 forecast period. The growing environmental issues are leading to an increase in the use of green building materials. Also, improved product qualities of green cement are increasing its demand in the number of construction activities.
A variety of applications in commercial, residential, and industrial construction have prompted the development of green cement over the last few years. In addition, the rising use of environmentally friendly products in construction and the stringent regulations to limit carbon emissions that result from construction are a few of the reasons for the expansion of the global green cement industry.
North America dominates the global market for green cement in 2021 due to increased use of the product, technological advances, increasing environmental concerns, and growing public and private concern in reducing the environmental damage caused by cement production. Additionally, there is a significant increase in it is expected that the Asia Pacific region. The region’s green cement market is expected to witness significant growth due to the increasing amount of construction projects as well as the fast-growing real estate market. Moreover, it is expected that the Middle East and Africa are expected to experience modest growth in the coming year.
Segmental Analysis
- Based on the end user, the non-residential market dominates the market for green cement and is predicted to lead the market over the next few years, too.
- Based on the type, the fly ash-based segment dominates the global green cement market because of the pozzolanic qualities of fly ash, as well as favorable policies of the government to encourage infrastructural growth.
- Geographically, the Asia Pacific is expected to expand at a rapid rate on the back of the increasing construction activity.
Competition Analysis
The global green cement market observes intense competition as a result of the presence of a large number of established players. The US General Services Administration (GSA) announced actions to reduce emissions from building materials. GSA intends to use the industry’s responses to the RFI to inform how it implements new low-carbon concrete and sustainable asphalt criteria at the national level for projects at land ports of entry. Manufacturers in the North America are highly investing in the production of green cement which leads to minimizing the carbon footprints of cement production.
Product innovations, acquisitions and mergers, capacity expansion, and partnerships are the identified industry trend in the global green cement market. Significant consolidation is expected in the global market during the assessed period 2022-2028.
- In July 2022, Hoffman Green Cement Technologies acquired ABC Broyage, which operated a slag grinding plant in North Dordogne.
- In July 2022, The Hallett Group break into Australia’s cement sector by building a cement plant in Port Augusta to Supply green cement and expand their presence geographically.
Some of the prominent players involved in the green cement market include CarbonCure Technologies Inc., Cemex, CRH plc, LafargeHolcim, Calera Corporation, Heidelberg Cement, Siam Cement Public Company (SCG), Kiran Global Chems, CeraTech, Taiheiyo Cement Corporation, Anhui Conch Cement, Votorantim cimentos S.A., UltraTech Cement Ltd., ACC Ltd, Holcim Group, China National Building Material Co., Ltd. (CNBM), Ital cement, Navrattan Blue Crete Industries Pvt., Ltd, LafargeHolcim Anhui Conch Cement Compan, and Taiwan Cement Corporation among others.
RationalStat has segmented the global green cement market on the basis of types, packaging, end use, and region.
- By Type
- Fly Ash based
- Geopolymer
- Lime Stone Based
- Silica Fume Based
- Others (Slag based)
- By Packaging
- Up to 5kg bag
- Up to 10kg bag
- Up to 25kg bag
- Up to 50Kg bag
- By End Use
- Residential
- Non-Residential
- Industrial
- Commercial
- By Region
- North America
- US
- Canada
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Western Europe
- Germany
- UK
- France
- Spain
- Italy
- Benelux
- Nordic
- Rest of Western Europe
- Eastern Europe
- Russia
- Poland
- Rest of Eastern Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- ASEAN (Indonesia, Vietnam, Malaysia, etc.)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- South Africa
- Turkey
- Rest of the Middle East & Africa
- North America
For more information about this report visit: https://store.rationalstat.com/store/global-green-cement-market-investment-growth-opportunity-analysis/
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