Green Cement Market Insights
The global green cement market is projected to grow at a significant CAGR over the forecast period. This growth is mainly attributed to the environment-friendly nature of the product which is likely to increase its application in commercial construction segment in the coming years. The industry is also expected to be influenced by rising demand from the construction industries in the Asia Pacific region.
Green cement is a cementitious material which is estimated to be superior in terms of functional performance to ordinary Portland cement. It is generally made up by incorporating recycled materials, which thereby reduces consumption of natural raw materials, water, and energy. This results in a more sustainable construction material.
Stringent government regulations for environmental protection coupled with subsidies for the production of green materials are also likely to have a positive influence on the overall market. However, factors such as less compressive strength as compared to conventional cement along with low flexural strength can potentially hinder the market growth up to some extent.
Green Cement Market: Application Insights
On the basis of application, the industry is segmented into residential, commercial and industrial segment among others. The commercial segment is anticipated to grow at a healthy CAGR owing to rising application of the product in the construction of car parking, office buildings, retail stores and pavements among others. Along with this, growing construction industry in regions like the Asia Pacific and Latin America is also expected to propel market growth.
The residential segment is also projected to grow exponentially over the coming years. This can be attributed to rising urbanization and increasing demand for green homes. Demand is anticipated to rise from countries such as India and China wherein the need for the environmentally safe building is increasing.
Green Cement Market: Regional Insights
The market in North America accounted for a substantial share in 2015 and is further anticipated to grow at a high CAGR over the coming years. The regional growth is attributed to the presence of key players coupled with increasing adoption of stringent government regulation towards environmental protection.
Rapid urbanization along with increasing population in the Asia Pacific is also projected to stimulate the market growth. Demand is expected to rise from countries such as India, China, Malaysia and Hong Kong among others on account of increasing economic growth and rising disposable income.
Green Cement Market: End-Use Landscape
The end-use landscape entails a list of current and prospective consumers prevailing across the regions. This section provides company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase green cement over the coming years. Some leading consumers of green cement are Laing O’Rourke, Kiewit, Bouygues Construction, Balfour Beatty, Hochtief, Grupo ACS and Vinci.
Green Cement Market: Vendor Landscape
The report contains a chapter dedicated to vendors operating in the market, covering raw material manufactures, equipment developers, manufacturers, and distributors. The report provides these insights on a regional level. This section of the report entails contact details, experience, products manufactured/supplied, and geographical presence of companies.
Green Cement Market Share & Competitor Analysis
Some of the players operating in the global green cement market include Anhui Conch Cement Company, Italcementi, CNBM, CeraTech, CEMEX, LafargeHolcim, Kiran Global Chems, Heidelberg Cement AG, Navrattan Blue Crete Industries Pvt., Ltd. and Siam Cement Public Company.
In June 2018, ACC Limited, India's foremost manufacturer of cement and ready mixed concrete, became the first Indian cement company to go green and publish an Environmental Product Declaration (EPD) for all of its blended cement products manufactured across all of its 17 cement plants.
In June 2018, Ecocem France announced opening its new production plant in Dunkirk. The initial production capacity at Dunkirk site which of 750,000 tonnes, is estimated to be almost doubled to 1,400,000 tonnes. Along with this, the new plant is also estimated to improve access to the markets in the North of France, Paris region and the markets in the United Kingdom and Northern Europe. While the exports of Ground Granulated Blast Furnace Slag (GGBS) to England is projected to be around 250,000 tonnes, for Sweden, the estimate is around 50,000 tonnes.