Dallas, TX -- (SBWire) -- 02/01/2019 --Adroit Market Research published a study titled, "Global Green Cement Market Size 2017, by Application (Residential, Commercial, Industrial and others) and by Region (North America, Europe, Asia Pacific, South America, Middle East and Africa) Trends and Forecast 2018 to 2025". The report consists of global green cement market trends such as drivers, restraints and opportunities. Porter's Five Forces analysis, PESTEL analysis, and value chain analysis are the analytical tools utilized in the published study in order to gain a better understanding of the global green cement market. The global green cement market study provides the market estimates in terms of volume (Kilo tons) and revenue (USD million), for a total period of 2015 to 2025. The historic market figures have been provided from 2015 to 2017 and forecast figures from 2018 to 2025. The global green cement market 2018 gives a holistic view encompassing production, consumption, import and export for key regions and countries.
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The global green cement market size is anticipated to reach USD 47.44 billion by 2025, owing to the increasing demand for eco-friendly cement production across the globe. Cement manufacturers have been constantly striving to achieve more efficient and environment-friendly production cements. Hence, the global green cement market will be driven by two key factors – population growth and cement consumption per capita.
After water, cement is the second most consumed product in the world. As per the US Geological survey, the production of Portland cement increased to 4.1 billion tons worldwide in 2017. This production of cement accounts for more than 5% of the total carbon dioxide emissions as well as consumes heavy amount of natural resources. Also, there is no viable replacement of cement, thus, forcing the global cement companies to determine the best way to reduce the environmental impact of their production processes. Due to this reasons, the global green cement market is expected to rise in the forecast period.
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According to the report provided by International Energy Agency, global cement production is set to rise to over 5 billion tons a year over the next 30 years. Economic development and rapid urbanization in regions such as South-east Asia and Africa will increase the demand for new construction and thus for cement. Also, the demand for cement is not limited housing. Cement is required to provide clean water, sanitation and energy services. According to the Paris agreement on climate change, the annual emissions of the cement sector should fall by 16 percent by 2030. Therefore, many organizations are working on alternatives for production of traditional cement, one them is green cement. As a result, the global green cement market is poised to grow significantly in the forecast period.
There are various new techniques in the cement industry that include better ways of carrying out the traditional cement production process as well as new methods to approach cement production. One of them is to utilize the waste products from one industry for some processes in another industry. Recently, governments of India and China have come under an increasing pressure of improving the urban air quality. The first mover advantage for players who align their processes towards clean energy consumption will lead to improved profitability in this evolving green cement market.
As green cement gets widely available in the global market, it will be used for different purposes including, residential, commercial, industrial and other. Currently, the share of residential application within the green cement market is the highest, as its consumption for small private projects is more in developed countries such as US and UK. This is due to the growing consciousness of environment among the individuals and less expenses involved. The commercial application of green cement had the second largest market share in 2017. This involves non-residential construction such as companies who present themselves as environmentally responsible and have enough funds to purchase greener materials. Geographically, the green cement market in Asia-Pacific region is expected to grow at the highest CAGR in the forecast period.
The global green cement market comprises of both players operating at the global and at the country level. Some of the major key players include Anhui Conch Cement Company, CEMEX S.A.B. de C.V., Calera Corporation, China National Building Material Company Limited (CNBM), LafargeHolcim, HeidelbergCement AG, Ecocem Ireland Ltd, Taiheiyo Cement Corporation, Taiwan Cement Corporation, Votorantim cimentos S.A. and others.
Key segments of the global green cement market
Application Overview, 2015-2025 (USD million) (kilo tons)
- Residential
- Commercial
- Industrial
- Others
Regional Overview, 2015-2025 (USD million) (kilo tons)
- North America
- Europe
- Asia Pacific
- Latin America
- Middle-East & Africa
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What does the report include?
- The study on the global green cement market includes qualitative factors such as drivers, restraints, opportunities and value chain analysis.
- The study covers qualitative and quantitative analysis of the market segmented on the basis of product, technology, access methods, application and region. Moreover, the study provides similar information for the key geographies.
- The study covers qualitative and quantitative analysis of the market segmented on the basis of applications. Moreover, the study provides similar information for the key geographies
- Actual market sizes and forecasts have been provided for all the above-mentioned segments
- The study includes the profiles of key players in the market with a significant global and/or regional presence
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Green Cement Market Overview by Suppliers, Environment Friendly Application, Concrete Solutions, Infrastructural Development, Key Futuristic Trends Analyzed Until 2025
Green Cement Market Provides essential information about breakdown data by manufacturers, region, and type also analyses the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's five forecast analysis.