Portland, OR -- (SBWIRE) -- 11/06/2017 -- At present, the global cement industry is facing certain challenges related to growth in enironmental concerns, scarcity of raw materials, and depletion of fossil fuel reseres. It is estimated that, on aerage, a single ton of Portland cement releases approximately 6% of the total global man-made carbon emissions, significantly contributing to the current enironmental issues. This leads to emission of high olume of carbon dioxide and greenhouse gasses, which has enforced seeral builders, goernments, and architects to opt for greener solutions such as deelopment and use of green cement.
Early Buyers will get 20% customization on this report research.
Green cement is a cementitious material made from industrial waste that can reduce the carbon footprint of construction activities by 4050%. In addition, structures built using green concrete have a better chance of surviving a fire along with higher resistance to corrosion.
Get sample PDF Brochure of Green cement Market Study @ https://goo.gl/6ktZcF
The market is expected to witness various technological developments during the forecast period on account of the emergent technologies, such as LC3 and Ferrocrete, which are expected to improve the effectiveness of green cement. Furthermore, increase in environmental degradation and rise in greenhouse gas emission in the atmosphere have led several international agencies affiliated with the UN and other organizations to use green cement. Renewable Fuel Standard Program are recent examples of EPA that focus on safeguarding the environment and maintaining the ecological balance, resulting in increased demand for green cement during the forecast period. Moreover, high adoption rate in North America and Europe, owing to the presence of strict regulations, is expected to boost the market growth.
The report emphasizes on the different product types of green cement in the market, which include fly-ash based, slag based, recycled aggregates, and others. Based on application, the market is classified into residential, commercial, and others.
The key players profiled in the report are LafargeHolcim, 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, and ACC Limited.
Key Findings of the Green Cement Market
In 2016, Europe dominated the global market, constituting around one-third share of the global market.
In terms of volume, China was the leading consumer of green cement globally in 2016.
The commercial segment is estimated to grow at a CAGR of 14.5% from 2017 to 2023, in terms of revenue.
The residential segment accounted for nearly half of the market share.
The slag-based segment accounted for the highest share in 2016, and is estimated to grow at a CAGR of 14.2%.
Do purchase inquiry @ https://goo.gl/y9mG24
In 2016, Europe accounted for the highest share in the global market, attributable to the stringent regulations pertaining to carbon emissions and the growth in the taxes that could be levied on industrial emissions. However, Asia-Pacific is expected to surpass Europes share during the forecast period.