The top five players in the global green cement
market held a lion’s share of 51% in the overall market in 2015.
These leading players are Heidelberg Cement AG, China National
Building Material, Lafarge S.A., CEMEX S.A.B. de C.V., and Taiheiyo
Cement Corporation. These companies have been focused on strategic
mergers and acquisitions to expand their capacity, observes
Transparency Market Research. “Persistent focus on technological
developments and product differentiation to add value to products are
expected to be one of the winning strategies of these companies,”
states the lead author of this research report.
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According to the research report, the global green
cement market is expected to be worth US$38.10 bn by the end of 2024
as compared to US$14.80 bn in 2025. During the forecast period of
2016 and 2024, the global market is projected to exhibit a CAGR of
11.3%.
Asia Pacific Shows Swift Consumption of Green
Cement as Infrastructural Development Gains Momentum
Out of all the geographical regions, Asia Pacific is
estimated to acquire a share of 31.1% in the global market due to
increasing construction activities. The Asia Pacific green cement
market will also experience a surge in demand due to the rapid
industrialization and fast-paced urbanization. The monumental rise in
the number of residential and non-residential activities are expected
to drive the demand for green cement all across Asia Pacific. Partly
corroborating the aforementioned statement is a statistic that says
non-residential segment will account for a share of 34.7% in the
global market. The growing need for infrastructural development in
emerging economies and the pressure to use green solutions for the
same will be the key factors determining the demand for green cement
in the non-residential segment.
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Using Green Alternatives for Reducing Carbon
Emissions Fuels Demand
The rise in construction and building activities is
the primary growth driver for the global green cement market. The
demand for these types of cement is being accelerated by uptake of
alternative fuels derived from waste materials such as foundry sand,
used oils, sewage sludge, solid recovered fuels, filter cakes, animal
meals, and fly ashes. The urgent need to cut down carbon emissions is
encouraging usage of these fuels. The market is also gaining an
impetus from governments, which are promoting green architecture to
ensure sustainable building, which is certified under Leader in
Energy and Environment Design (LEED).
The demand for green cement is also soaring as it is
known to safeguard the buildings from sulfate attacks and heat stress
that is caused due to water and moisture. The superior resistance
offered by green cement to several commercial as well as residential
construction projects as it contains lesser alkali compound in
comparison to OPC is also projected to play an important role in the
market’s development. The upcoming projects such as the
construction of bridges and pavements, nuclear power plants, and
other infrastructural developments are expected to present a plethora
of lucrative opportunities to the overall market.
Quality Issues to Impede Market Growth
The strength of green cement has been a topic of
debate amongst several end users as it entirely depends on the type
of industrial waste used for the manufacturing processes. For
instance, usage of low calcium fly ashes is known to compromise the
strength in early stages as compared to OPC. In case such cement is
used it can lead to product failure.
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Thus, the uncertainty of the quality of green cement
is projected to restrain the growth of the global market in the
coming years.This review is based on Transparency Market’s Research
report, titled “Green Cement Market - Global Industry Analysis,
Size, Share, Growth, Trends, and Forecast 2016 - 2024.”
The global green cement market has been segmented
as follows:
Green Cement Market – Product Type Analysis
- Fly ash based
- Slag based
- Geopolymer
- Others
Green Cement Market – Application Type Analysis
- Residential
- Non-residential
- Industrial
- Infrastructure
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