By 2026, Green Cement Market To Record CAGR of 3.5% Via Recycled Aggregate Segment
The green cement market from the recycled aggregate segment is anticipated to depict a commendable CAGR of over 3.5% through 2026. This growth is attributed mainly to rising green construction and building activities across Europe and North America.
Recycling of concrete aggregates is emerging rapidly as an important task for the construction industry worldwide, owing to the fast depletion of natural aggregate sources over the years. To that end, myriad efforts are being undertaken to integrate these green construction materials into building activities, in order to mitigate the burden on these natural sources.
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The green cement market is slated to foresee tremendous revenue growth in coming years due to increasing awareness about the use and benefits of eco-friendly raw materials in construction. Several global governments are actively encouraging the use of sustainable products in order to tackle the looming threat of climate change. Taking the European Green deal for instance, wherein the EU devised an action plan to turn environmental and climate challenges into opportunities to make its economy sustainable. This plan includes making sure that the buildings and constructions are more energy-efficient, which created a remunerative leeway for the use of green cement, thereby stimulating its demand.
Rapidly growing adoption of green cement owing to supportive regulatory scenarios, tax reliefs as well as other benefits would fuel the Europe green cement market size. In fact, the region dominated the global market, accounting for more than 30% of the overall industry share. The European construction market is slowly recovering and starting to expand at a steady rate as several countries come out of strict lockdowns. Moreover, the region’s steadily expanding construction industry supported by its favorable regulatory environment should effectively propel the Europe market size further.
Sustainable cement products are gaining widespread popularity over the years, as the adoption of LEED-certified green construction materials, buildings, designs, and architecture continues to increase. Furthermore, the widespread availability of raw materials is also expected to add impetus to green cement market growth over the coming years.
The global construction industry has surged rapidly in recent years, as a result of rising economic stability in developing economies, alongside higher infrastructure spending. Rapid urbanization alongside burgeoning population levels in developing nations is contributing heavily to green cement industry development.
The modern construction industry is also witnessing persistent technological evolution in equipment raw materials and machinery alike, with the rapid acceptance of precast manufacturing in residential building projected to open up lucrative growth avenues for green cement manufacturers. However, the relatively short lifespan of green cement as compared to conventional cement could present a roadblock to industry growth in the years ahead.
The competitive landscape of the green cement market is inclusive of players such as Siam Cement Public Company, Navrattan Blue Crete Industries, Heidelberg Cement, Kiran Global Chems, CNBM, Anhui Conch Cement Company, CEMEX, and LafargeHolcim among others.
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Data Tables
Table 1. Green cement industry 3600 synopsis, 2016 - 2026
Table 2. Global Green cement Market estimates & forecast, 2016 - 2026, (USD Million)
Table 3. Global Green cement industry revenue estimates by Product, 2016 - 2026, (USD Million)
Table 4. Global Green cement industry revenue estimates, By Application, 2016 - 2026, (USD Million)
Table 5. Global Green cement Market revenue estimates, by region, 2016 - 2026, (USD Million)
Table 6. Vendor matrix
Table 7. Industry impact forces
Table 8. Strategic dashboard
Table 9. Global Green cement Market estimates & forecast for Fly-ash based, (Kilo tons), 2016 - 2026
Table 10. Global Green cement industry estimates & forecast for Fly-ash based, (USD Million), 2016 - 2026
Table 11. Global Green cement industry revenue estimates for Fly-ash based, by region, (Kilo tons), 2016 – 2026
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