Green Cement Market 2022 | Industry Global Green Cement Capacity and Growth Rate Analysis
The
Global Green Cement Market is expected to witness a high market growth with a rising CAGR in the
forthcoming period. The green cement is a workable alternative to the vast
construction industry which is advantageous on both ecological and economical
fronts and cement manufacturers are working towards this end. Green cement is
used extensively in applications because of low CO2 expenditure, savings of
precious natural resources and water reduction in construction.
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The
key factors driving growth include availability of raw materials and a steady
rise of eco-friendly or green building concept majorly in developing countries.
With the introduction of Rizal Green, green cement in market, Rizal green has a
proven potential of being used in driveways, fences and ground-floor slabs to
be used in residential premises.
Furthermore
cement manufacturing is having adverse impact on global warming and improves
growth in green cement manufacturing market. In addition to green zone harm
done, there comes up an alarming rise in using wastes as alternating fuels (AF
)using tires, used oils, animal meal, foundry sand, fly ashes in manufacture of
cement that does a world of good by lowering CO2 emissions, thus reducing the
overall impact on greenhouse gases. This factor assists growth of green cement
market.
The
segmentation of green cement market by product type includes fly ash-based,
slag based ad geopolymer. Segmentation of green cement market by end-use and
analysis includes residential, non-residential and infrastructure. By geographical
regions, segmentation for green cement market includes North America, Europe,
Asia Pacific, MEA, and Latin America.
The
residential sector was amongst the largest end-user of green cement with a
larger market share. The changes in population density has pushed the
population to the cities and giving rise to more constructions and the growth
of nuclear families especially in Asia Pacific will add to the growth of green
cement market.
North
America is the fastest growing segment in this category and this will be due to
stringent regulations regarding Green House Gases (GHG) and governments nod in
this direction will add growth to green cement market. Faster pace of
industrialization and development initiatives in Brazil will bolster Latin American
markets in forecast period. The key industrial players in the segment include
Anhui Conch cement, CEMEX, CNBM, ITAlcementi, LaFargeHolcim, Ceratech, Calera,
and Kiran Global Chems.
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