ALBANY, New York, December 21, 2016 /PRNewswire/ --
Transparency Market Research has published a new report titled
"Green Cement Market for Residential,
Non-residential, Industrial, and Infrastructure-
Global Industry Analysis, Size, Share, Growth, Trends, and
Forecast, 2016-2024." According to
the report, the global green cement market was valued at
US$ 14.8 Bn in 2015 and is
anticipated to reach US$ 38.1 Bn by
2024, expanding at a CAGR of 11.3% between 2016 and 2024.
Green cement is a cementitious material, made from industrial
waste. The industrial waste comprises fly ash and slag. Fly ash is
a waste derived from coal power plant and slag is a waste derived
from steel or iron processing industry. Green cement reduces carbon
footprint of construction activities by 40-50%. Green cement offer
excellent corrosion resistance and also withstand high temperature.
Green cement used in residential, non-residential, industrial and
infrastructure sector
Green cement is prominently used in residential sector followed
by non-residential sector. Increasing investment in residential
projects coupled with increasing population density across urban
regions has been fueling the demand for green cement since the last
few years. This trend is expected to continue during the forecast
period. However, factors such as strength and durability
maintenance, high cost associated with recycling and latest
technology can affect market growth. Product improvement and
exploration of new technology are projected to provide lucrative
growth opportunities for the green cement market.
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In terms of product type, slag based cement accounted for major
share of the green cement market. In terms of applications,
residential sector accounted for major share of the green cement
market in 2015. It is expected to expand significantly during the
forecast period due to rising population and growing industries.
The usage of green cement in non-residential complexes and
infrastructure is also rising rapidly. This is expected to boost
the market.
In terms of volume, Europe
accounted for a significant share in green cement market in 2015
followed by Asia Pacific. This
trend is expected to continue during the forecast period due to the
increasing demand for sustainable product. Rising stringent
regulation on carbon emission, emphasis on creating zero waste
region and implementation of carbon taxes are some of the factors
fuelling the market. Further rise in population is another factor
that is expected to propel the green cement market in Asia Pacific. North
America held substantial market share in 2015; however,
demand for green cement is projected to remain stable in these
regions due to the average growth of construction materials.
Middle East & Africa is projected to be a lucrative market
for green cement in the next few years owing to the rise in
construction activities coupled with increase in demand for
sustainable product.
Major players in the green cement market includes LafargeHolcim,
Cemex, Ecocem Ireland Ltd, China National Building Materials and
HeidelbergCement AG
The green cement market has been divided into the following
segments.
Green cement Market - Product Type
Analysis
- Fly ash based
- Slag based
- Geopolymer
- Others
Green cement Market - Application Type
Analysis
- Residential
- Non-residential
- Industrial
- Infrastructure
Green cement Market - Regional
Analysis
- North America
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Egypt
- South Africa
- Rest of Middle East &
Africa
- Latin America
- Brazil
- Mexico
- Rest of Latin America
Browse Other Research Report:
- Green Concrete Market:
http://www.transparencymarketresearch.com/green-concrete-market.html
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