Green Cement Market Size to Reach $43.52 Billion by 2025 Growing at a CAGR of 8.50% During 2020-2025


Posted August 7, 2020 by Blessy_Joy

Increasing Construction Activities Across Globe on Account of Rising Urbanization and Population is Anticipated to Boost Green Cement Market.

 
Green Cement Market size is forecast to reach $43.52 billion by 2025, after growing at a CAGR of 8.50% during 2020-2025. Cements used in construction are usually inorganic, often lime or calcium silicate based. Green cement belongs to the category of cement that has the functional properties of the standard cement but do not cause any harmful effect on the environment. The product is manufactured using waste materials such as recycled concrete, slag, power plant wastes and quarrying and mining wastes. The eco-friendly nature of green cement is influencing various end users to adopt, thereby, increasing the green cement market growth during the forecast period.

Key Takeaways
Green cement is an eco-friendly substitute for traditional cement which can reduce carbon di oxide emissions at construction sites by 40%.

Increasing construction activities across globe on account of rising urbanization and population is anticipated to boost green cement market.

Green cement market is expected to witness rapid technological development in near future on account of the emergence of Limestone Calcinated Clay Cement (LC3) and Frerrocrete technologies to advance the effectiveness of green cement.

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Geography- Segment Analysis

North America dominated the green cement market with a share of more than 43.7%, followed by APAC and Europe. The demand for new homes in the United States has been increasing consistently, since the past few years, owing to the growing population and rising consumer incomes in the country. With growing trend of multi-family building, and rise in migration to cities, the US Census Bureau has been providing more permits for the construction of new residential buildings.

Reduction in the average household sizes has also been a driving factor for the growth of new home constructions in the United States, with single-family housings growing at a rapid rate. Moreover, the aforementioned factors, along with growing focus on green buildings, are providing opportunities for the green cement used in the construction sector at a high rate, during the forecast period.

Drivers – Green Cement Market
Rising attention towards carbon gas emissions

Market Landscape:  Major players in the green cement market are HeidelbergCement AG, LafargeHolcim Ltd., Taiheiyo Cement Corporation, Taiwan Cement Corporation, Ecocem Ireland Ltd., ACC Limited, UltraTech Cement Ltd, Calera Corporation, Ceratech, Inc, Solidia Technologies, Inc. and Cenin Cement among others.

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Issued By Blessy
Business Address Madhapur
Country India
Categories Business
Tags green cement market , green cement market growth , green cement market share , green cement market size
Last Updated August 7, 2020