According to the new research report published by The Insight Partners, titled “Green Cement Market – Global Analysis and Forecast to 2025”, the global green cement market is expected to reach US$ 42.73 billion in 2025, registering a CAGR of 13.3% during the forecast period 2018-2025.
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ANHUI CONCH CEMENT COMPANY LIMITED., CEMEX, S.A.B. DE C.V., China National Building Material Co., Ltd., China Resources Cement Holdings Limited, HEIDELBERGCEMENT AG, LafargeHolcim Ltd, TAIWAN CEMENT CORPORATION, Votorantim Cimentos, Ecocem, Taiheiyo cement corporation
The most prominent region in the green cement market accounted for Asia Pacific, pertaining to huge availability of raw materials required for preparing green cement. Another factor boosting the green cement market in the region is the rise in population in Asia Pacific countries, which demands more residential areas. Also, the developing economies of APAC are experiencing a tremendous growth in their FDIs for infrastructure and construction sector. This factor is helping the green cement market to soar over the years. For instance, the Indian government has introduced new FDI policy in 2017 under which several amendments have been done such as the RBI has announced 100% FDI under automatic route for the development of construction development sector. This limit was introduced in December 2014. Also, the Indian government relaxed FDI rules in the construction sector by reducing minimum capital requirement as well as built-up area. The government has also liberalized the exit norms. Such regulations will attract more FDI in these countries thereby, increasing the infrastructure investments, which directly impacts the green cement market. However, the green cement market is foreseen to be tending towards the European market during the forecast period, due to various governmental initiatives and increase in manufacturing facilities.
The market players present in green cement market are mainly focusing towards product enhancements by implementing advance technologies. By signing partnership, contracts, joint ventures, funding, and inaugurating new offices across the world permit the company maintain its brand name globally. Most of the market initiative were observed in Asia Pacific, North America, Europe regions, which have high density of green cement related products and solutions. In 2018, China Resources Cement Holdings Limited and Siemens Entered into Strategic Co-operation Agreement; 2018, LafargeHolcim’s UK company Aggregate Industries awarded contract to deliver pavement solutions to Highways England; and in 2017, HeidelbergCement’s subsidiary Norcem and the Spanish-Italian contractor consortium Acciona Ghella JV (AGJV) signed an agreement for the cement supplies to the Follo Line Project in Oslo.
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Advent of New Green Concrete Using Graphene
Cement and concrete are considered as an extraordinary building material and extensively used for buildings, road construction, and other construction projects. Owing to the large quantity of usage, traditional cement contributes five percent of total CO2 production. In order to tackle cement’s CO2 emissions, Portland clinker is replaced by other waste materials such as slag, fly ash, and recycled aggregates which are already available in the market. This green cement trap & store carbon dioxide and help to protect aging infrastructure by sealing cracks. Green cement is considered more environmentally friendly, durable, and strong as compared to traditional cement. It also reduces cement intake and green cement manufacturing process increase the cement strength which reduced porosity.
However, experts from the University of Exeter have developed new green concrete using graphene. This technique uses Nano engineering technology to incorporate graphene into traditional cement production. It can directly be used for construction on building sites and it is twice as strong as and more resistant than existing concrete. The sample for this concrete material is tested according to British and European standards for construction. Moreover, it is also helpful to reduce carbon footprints which makes it more environmentally friendly and sustainable material. Currently, graphene concrete is more of concept material and expected to commercialize in near future.
Global Green Cement Market Segments:
Green Cement Market – By Types
Green Cement Market – By End Users
Key findings of the study:
Europe is anticipated to account for the highest growth rate during the forecast period from 2018 – 2025, registering a growth rate of 16.0%.
Based on the type, slag dominate the market throughout the forecast period.
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Contact Person: Sameer Joshi
The Insight Partners is a one-stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Healthcare, Manufacturing and Construction, Media and Technology, Chemicals, and Materials.
This release was published on openPR.