Global Green Cement Market
Global Green Cement Market was valued US$ 15 Bn in 2017 and is anticipated to reach US$ 38.48 Bn by 2026 at a CAGR of about 12.5 % during a forecast period.
Global Green Cement Market is segmented by product, by application and by region. Green Cement market is segmented into Fly ash based, Slag based, Geopolymer and Others. Residential, Non-residential, Industrial and Infrastructure are application segment of Green Cement market. Geographically into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
Green cement is considered as a sustainable construction material owing to significant reduction in carbon footprint associated with manufacturing and use of green cement. Green cement is a class of cements comprising varieties of cement that exhibit functional properties which are at par with conventional cement and do not involve adverse impact on the environment. Moreover, with the use of green cement, significant reduction in water consumption to the level of about 20% can be effected.
Based on product type, fly ash is expected to show a good growth rate because of abundance availability from thermal plants combined with the government regulations towards better utilization rather than dumping in open lands is expected to provide opportunities for green cement market.
Growing application in the construction industry is acting as a driving factor in the growth of global green cement market during the forecast period. Various government initiatives that aims at encouraging green architecture and sustainable building is also expected to bolster the market demand for green cement.
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Last Update : Jan 11, 2019
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