Theglobal green cement market displaysa highly consolidated landscape with a few major market players holding half ofthe market’s share, reports Transparency Market Research (TMR). Prominentplayers in the global green cement market include Lafarge S.A., Taiheiyo CementCorporation, CEMEX S.A.B. de C.V., China National Building Material, and HeidelbergCement AG. These companies are engaging in strategic alliances and productdifferentiation to expand their market’s share. Moreover, they are expandingtheir production capacity to gain a stronghold in the market.
Asprojected by TMR analysts, the global green cement market to exhibit immensegrowth potential rising at 11.3% CAGR during the forecast period, which is 2016to 2024. The market is expected to rise from its initial valuation of US$14.80bn to reach a value of US$38.10 bn by 2024.
Interms of applications, the global green cement market is segmented intoinfrastructure, residential, and non-residential sectors. Out of these, theresidential sector is anticipated to hold a leading position in the marketowing to a rapidly growing population and developments in infrastructure.
Onthe geographical front, the global green cement market is divided into AsiaPacific, Europe, North America, Latin America, and Middle East and Africa.Among these, Europe is expected to present lucrative growth opportunities forthe market owing to the stringent environmental regulations laid down by itsgovernments.
Request Sample
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=11963
Rising Carbon DioxideEmissions to Strengthen the Market’s Growth
Oneof the prominent factors driving the growth of the global green cement marketis the rise in construction activities. The growth in construction activitiesis attributable to the growing population and rapid urbanization. Moreover,carbon dioxide emissions caused by the ordinary cement have also driven themarket’s growth. Governments have laid down strict laws mandating the use ofgreen cement.
Inaddition to the aforementioned drivers, a rising awareness regarding thedetrimental effects of carbon dioxide emissions on the environment and thebenefits offered by green cement has spiked the green cement market’s growth.In addition, green cement offers better functionality as compared totraditional cement leading to increased penetration in the global market.
Furthermore,easy access to raw materials has played a key role in augmenting the globalgreen cement market’s growth. Along with this, infrastructural development andmassive investment in green construction projects will support the growth ofthe green cement market. This has also resulted in an increase in research anddevelopment activities pertaining to green cement, thus benefiting the market.
More Trending Reports
However,along with the drivers, there are a few restraints that may pose a threat tothe global green cement market’s growth. There is a lot of variance in thestrength of different types of green cement, depending on the raw materials.This may pose a major threat to the market, thus impeding its growth.Nonetheless, the rise in expenditure on infrastructure and favorable home loanpolicies may offset the effects of the restraints.
New ProductInnovations to Present Lucrative Growth Opportunities
ACanadian startup, CarbonCure has invented a new system that captures carbondioxide emission. This captured carbon dioxide is then injected into theconcrete while it is mixed. The carbon is sequestered once the concrete hardensas it becomes a mineral after reacting with the concrete. This system alsoreduces the need for cement, thereby lowering carbon dioxide emissions. Inaddition, the mineral enhances the compressive strength of the concrete. Suchinnovations significantly enhance the growth prospects of the global greencement market.
Buy Now
https://www.transparencymarketresearch.com/checkout.php?rep_id=11963<ype=S
About Us
TransparencyMarket Research is a next-generation market intelligence provider, offeringfact-based solutions to business leaders, consultants, and strategyprofessionals.
Ourreports are single-point solutions for businesses to grow, evolve, and mature.Our real-time data collection methods along with ability to track more than onemillion high growth niche products are aligned with your aims. The detailed andproprietary statistical models used by our analysts offer insights for makingright decision in the shortest span of time. For organizations that requirespecific but comprehensive information we offer customized solutions throughadhoc reports. These requests are delivered with the perfect combination ofright sense of fact-oriented problem solving methodologies and leveragingexisting data repositories.
TMRbelieves that unison of solutions for clients-specific problems with rightmethodology of research is the key to help enterprises reach right decision.
US Office Contact
90 State Street,Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com
