Green Cement Market by Product, and Regions — Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020–2026

The Global Green Cement Market was valued at USD 19.4 Billion in 2015, and is expected to grow at CAGR of 8.4% over the forecast period 2020–2026. Factors driving the market include growing construction sector, increasing concern on GHG emissions from cement production, rising attention towards carbon gas emission and its impact on the environment.

Get Sample Report: https://dataintelo.com/request-sample/?reportId=626

Currently, the cement industry is encountering significant challenges that comprises depletion of fossil fuels and raw materials. The cement industry is also witnessing rise in demand for cement and concretes owing to rise in construction activities in the residential and commercial space. As the urbanization grows, environmental concerns have given a heads up and is linked with climate change and turmoil in world economy. Cement production averagely releases tonnes of carbon into the atmosphere subsequently rising the rate of pollution on annual basis. As a countermeasure, the concept of green cement is gaining traction.

Green cement offers huge benefits such as energy-efficient, low-carbon production and effective results. Additionally, use of novel technologies resulting in production of concrete products is enticing the market growth. Inclination towards sustainable environment and adoption of novel process and practices is most likely to result in a more development market in the years to come. For instance, use of fly ash is been tried and tested as a viable source of silica and alumina that is particularly needed in the cement manufacturing process. In another instance, gypsum is especially used in some of the industrial construction which is sustainable product, thus bypassing sulphuric acid used in the manufacture of cement.

Green Cement Market Trends, Drivers and Opportunities:

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. Moreover, stringent regulations and standardization is likely to restrict the market growth in the forecast period.

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 facilitates the growth of green cement market in the long term.