Green Cement Market Projected To Register Highest CAGR Of 8.5% From 2016 To 2024: Grand View Research Inc.

Green Cement Market Projected To Register Highest CAGR Of 8.5% From 2016 To 2024: Grand View Research Inc.

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According to report published by Grand View Research,Stringent environment regulations, coupled with rapid advancements in the Asia Pacific construction industry, is contributing to the Green Cement market demand.

According to a report,“Green Cement Market Size, Share & Trends Analysis Report By Application (Residential, Commercial, Industrial), By Region (North America, Europe, APAC, Latin America, MEA), And Segment Forecasts, 2018 – 2024”, published by Grand View Research, Inc., the global green cement market size is expected to reach USD 37.75 billion by 2024. It is anticipated to expand at a CAGR of 8.5% over the forecast period. Stringent environment regulations, coupled with rapid advancements in the Asia Pacific construction industry, is contributing to the market demand.

Key Takeaways from the report:

  • The global green cement market is anticipated to reach 227,366.3 kilo tons by 2024

  • In terms of revenue, the residential segment is projected to ascend at a CAGR of 8.5% over the forecast period

  • The commercial application dominated the global green cement market with a share of over 28% in 2015

  • Countries such as China and India are anticipated to observe promising growth during the forecast period

  • Major market players are either start-ups focusing solely on green cement or established players gradually switching to green cement manufacturing

  • Some of the key market participants are CEMEX, China National Building Material Company Limited, Calera Corporation, HeidelbergCement AG, and LafargeHolcim.

U.S. green cement market size, by application, 2013 - 2024 (USD Billion)

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Global green cement market share, by region, 2015 (%)

North America is the largest revenue-generating region for the green cement market, followed by Europe owing to the presence of regulatory bodies such as the United States Environmental Protection Agency (EPA) and the European Environment Agency (EEA). Moreover, the regions are characterized by higher adoption of sustainable solutions to avoid negative environmental impact.

Green cement is an eco-friendly substitute for traditional cement. It can reduce carbon emissions at construction sites by 40%. There is no fixed formula or method to manufacture green cement. However, various researchers and market players have developed different ways to manufacture green cement. California-based Calera Group has developed a Portland cement substitute where calcium carbonate obtained from seawater is mixed with carbon dioxide.

Key application areas of green cement market include residential, commercial, and industrial. In terms of volume, residential sector was the largest application area in 2015 and held 44.2% market share. Growing urbanization in emerging economies such as India and China with demand for environmentally safe buildings is expected to drive the market growth over the forecast period.

Grand View Research has segmented the global green cement market report on the basis of application and region:

Green Cement Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 – 2024)

  • Residential

  • Commercial

  • Industrial

  • Others

Green Cement Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 – 2024)

  • North America

    • U.S.

  • Europe

    • Germany

  • Asia Pacific

    • China

    • India

    • Indonesia

  • Latin America

    • Brazil

  • Middle East & Africa

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About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

For more information: www.grandviewresearch.com

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