Jan 19, 2022/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Green Cement Market.
It was estimated prior to this unanticipated outbreak that the Green Cement Market is likely to witness an impressive CAGR of 14.9% during the forecast period. The prime factor generating a major thrust to the demand for green cement is mainly the growing infrastructure and construction activities, such as construction of bridges, under passes, and sewages. Also, favorable government policies for green buildings and increasing concern on GHG emissions from cement production are bolstering the market.
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Green Cement is a cementitious material, meeting or exceeding the functional performance capabilities of ordinary Portland cement by incorporating and improving recycled materials, thereby reducing the consumption of water and natural raw materials resulting in a more sustainable construction material.
Green Cement is of different types, such as fly ash based, slag based, recycled aggregates, and others which provide its service in various applications, such as residential, commercial, and others.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Based on the product type, the market is segmented as fly ash based, slag based, recycled aggregates, and others. The fly ash-based segment held the largest share of the market in 2020, and is expected to remain dominant during the forecast period. The fly ash-based green cement provides cost effectiveness of products, which is one of the primary reasons for its growing demand in the recent years. The composition of these types of cements is comparatively simple with better compressive strength than other green cements, which is driving the growth of the segment.
Based on the application type, the green cement market is segmented as residential, commercial, others. The commercial segment dominates the market. Progressive infrastructure advancement is one of the key factors responsible for the increasing demand for green cements in commercial applications. Improvement in the emerging construction industry will inflate the segment’s growth. Also, construction activities in various South Asian countries, such as Thailand, India, Vietnam, China, and Thailand, are driving the segment’s growth.
In terms of regions, Asia-Pacific is estimated to be the largest as well as the fastest-growing market for green cement during the forecast period. Asia-Pacific generates maximum revenue compared to any other region due to growing infrastructure and construction activities in emerging economies. ASEAN countries, such as Malaysia, the Philippines, and Thailand have shown recent significant investments in the construction segment through various public projects such as seaports, transports, and power, which is underpinning the region’s market. North America and Europe are expected to offer substantial growth opportunities during the forecast period.
Key players operating in the global Green Cement market are-
- HeidelbergCement AG
- Anhui Conch Cement
- CEMEX S.A.B. de C.V.
- Taiheiyo Cement Corporation
- China National Building Material
- Votorantim cimentos S.A.
- UltraTech Cement Ltd.
- Taiwan Cement Corporation
- ACC Limited
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Green Cement analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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