The green cement market is projected to foresee commendable growth in coming years owing to the rising number of eco-friendly properties, increasing awareness pertaining to climate changes, and high product adoption across commercial, industrial, and residential areas. Each day new roads and buildings are being constructed and the key element for all this construction is basically a powdered grey colored binder termed as cement. It is robust binding adhesive or agent that serves as the main key ingredient in concrete.

Concrete plays a primary role in construction as a crucial component in structures, bridges, embankments, roads, highways, and foundations. At present, the importance of green cement is increasingly being realized by all nations owing to the numerous international symposiums raising awareness regarding climate change and sustainability.

Green cement is known as a form of cement which is produced with the help of a manufacturing process which is “carbon-negative”. In simple words, cement produced as the final product through a unique and technologically advanced process, in a such a way that the emissions during the unit operations are lessened is known as green cement. This type of cement is an environment-friendly product which lessens the carbon footprint of cement production and also resolves the grave environmental issues.

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Thus, in comparison to traditional cement, this product is gaining significant demand due to the eco-friendly properties associated with it. Likewise, it has excellent durability and strength as compared to the normal concrete or cement. In addition, there are numerous mechanisms and technologies for green cement manufacture, which is patented by various other manufacturing agencies.

The green cement market is bifurcated into product type, application, and regional landscape.

With respect to product type, the green cement market is categorized into recycled aggregates, slag based, fly-ash based, and others which comprise of geopolymer based. Among these different products, slag based green cement segment will grow with a CAGR around 4% over the forecast time period.

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In terms of application, the overall green cement market is segmented into industrial, commercial, and residential. Among these, commercial application segment will witness substantial growth over the coming years. The segment, in 2019, accounted for over 40% of the global industry share. Green cement is mainly used in the construction of commercial structures, pavements, office buildings among others.

From a regional frame of reference, LATAM green cement market is expected to register momentous gains over the coming time period. In 2019, the region, accounted for over 15% of the total volume share. Meanwhile, Middle East & Africa green cement is likely to record a growth rate of over 4% over the forthcoming time period.