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. Green concrete manufacturing process is characterized by relatively lower carbon dioxide emissions as compared to ordinary cement manufacturing. Moreover, with the use of green cement, significant reduction in water consumption to the level of about 20% can be effected. Green cement and concrete market is in its emerging stage and is currently limited to developed countries. However, increasing awareness pertaining to use of green cement is expected to boost its adoption in developing countries as well. Key factors driving the growth of global green cement market are availability of large quantity of raw material and also increasing adoption of the green building concept. The upcoming projects such as the construction of bridges and other infrastructural developments are anticipated to present a lucrative opportunities to the overall green cement market over the forecast period.
Global Green Cement Market: Dynamics, Segmentation, Regional Outlook, Market Participants
The anticipated steady growth in construction activities across the globe is expected to drive the growth of global green cement market. Demand for green cement is expected to witness steady growth owing to increasing uptake of alternative fuels derived from renewable materials and waste namely used oils, foundry sand, filter cakes, solid recovered fuels, animal meals, sewage sludge, and fly ashes. Moreover, growing need for and increasing efforts towards reduction of carbon emissions is also encouraging the usage of these fuels. Global green cement market is also gaining an impulsion from the government, which are supporting green architecture to ensure ecological buildings. The higher resistance to weathering and environmental forces imparted by green cement is also expected to play an important role in the development of global green cement market over the forecast period. However, strength of green cement is a subject of concern amongst several end users of green cement as depends on type of raw material used for the manufacturing of the green cement. Therefore, the uncertainty of the class of green cement is proposed to restrain the growth of the global green cement market in the future.
Global green cement market can be segmented on the basis of product type, applications and regions; On the basis of product type, global green cement market can be segmented as: Fly ash based, Geopolymer, Slag based, Others; On the basis of applications, global green cement market can be segmented as: Commercial, Industrial, Infrastructure, Residential.
North America is expected to show significant growth in demand for green cement, owing to stringent regulations implemented especially in the U.S. by Environmental Protection Agency (EPA) and also rising consumer demand for the cleaner, greener and sustainable products. Stringent regulations and restrictions by regional organizations on account of the growing concerns over climate change are expected to provide a thrust to the consumption of green cement over the forecast period. Asia Pacific is also anticipated to witness significant growth in demand for green cement owing to robust growth in construction industry in the emerging economies of China and India. Moreover, anticipated strong growth in construction activity, especially in Middle East countries such as Saudi Arabia, and United Arab Emirates, among others are expected to drive the growth in demand for green cement during forecast period.
Manufacturers of green cement are continuously focusing on refining technology and manufacturing processes by means of significant investments in research and development efforts. Several manufacturers are blending mixtures of various raw materials to develop effective, efficacious and yet cost effective product offerings for production of green cement.
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Examples of some of the market participants in global green cement market includes: LafargeHolcim, HeidelbergCement AG, Anhui Conch Cement Company, Calera Corporation, CEMEX, CeraTech, China National Building Material Company Limited (CNBM), Ecocem Ireland Ltd, Italcementi, Kiran Global Chems, Navrattan Blue Crete Industries Pvt., Ltd., Siam Cement Public Company (SCG), Taiheiyo Cement Corporation, Taiwan Cement Corporation, Votorantim cimentos S.A.