Albany, NY -- (SBWIRE) -- 04/13/2018 -- The top five players in the global green cement market held a lion's share of 51% in the overall market in 2015. These leading players are Heidelberg Cement AG, China National Building Material, Lafarge S.A., CEMEX S.A.B. de C.V., and Taiheiyo Cement Corporation. These companies have been focused on strategic mergers and acquisitions to expand their capacity, observes Transparency Market Research. "Persistent focus on technological developments and product differentiation to add value to products are expected to be one of the winning strategies of these companies," states the lead author of this research report.
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According to the research report, the global green cement market is expected to be worth US$38.10 bn by the end of 2024 as compared to US$14.80 bn in 2025. During the forecast period of 2016 and 2024, the global market is projected to exhibit a CAGR of 11.3%.
Asia Pacific Shows Swift Consumption of Green Cement as Infrastructural Development Gains Momentum
Out of all the geographical regions, Asia Pacific is estimated to acquire a share of 31.1% in the global market due to increasing construction activities. The Asia Pacific green cement market will also experience a surge in demand due to the rapid industrialization and fast-paced urbanization. The monumental rise in the number of residential and non-residential activities are expected to drive the demand for green cement all across Asia Pacific. Partly corroborating the aforementioned statement is a statistic that says non-residential segment will account for a share of 34.7% in the global market. The growing need for infrastructural development in emerging economies and the pressure to use green solutions for the same will be the key factors determining the demand for green cement in the non-residential segment.
Using Green Alternatives for Reducing Carbon Emissions Fuels Demand
The rise in construction and building activities is the primary growth driver for the global green cement market. The demand for these types of cement is being accelerated by uptake of alternative fuels derived from waste materials such as foundry sand, used oils, sewage sludge, solid recovered fuels, filter cakes, animal meals, and fly ashes. The urgent need to cut down carbon emissions is encouraging usage of these fuels. The market is also gaining an impetus from governments, which are promoting green architecture to ensure sustainable building, which is certified under Leader in Energy and Environment Design (LEED).
The demand for green cement is also soaring as it is known to safeguard the buildings from sulfate attacks and heat stress that is caused due to water and moisture. The superior resistance offered by green cement to several commercial as well as residential construction projects as it contains lesser alkali compound in comparison to OPC is also projected to play an important role in the market's development. The upcoming projects such as the construction of bridges and pavements, nuclear power plants, and other infrastructural developments are expected to present a plethora of lucrative opportunities to the overall market.
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Quality Issues to Impede Market Growth
The strength of green cement has been a topic of debate amongst several end users as it entirely depends on the type of industrial waste used for the manufacturing processes. For instance, usage of low calcium fly ashes is known to compromise the strength in early stages as compared to OPC. In case such cement is used it can lead to product failure. Thus, the uncertainty of the quality of green cement is projected to restrain the growth of the global market in the coming years.
This review is based on Transparency Market's Research report, titled "Green Cement Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024."