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The growing demand for sustainable building products owing to the rising environmental concern is driving the growth of the green cement industry globally. Cement is one of the most widely used construction material worldwide as it offers beneficial as well as desirable properties, like compressive strength (construction material with highest strength per unit cost), durability, and aesthetics to a variety of construction applications. The growing demand for sustainable approach due to issues like climate change and global warming is supporting the industry. On the basis of product type, the slag-based cement is the most popular variant. North America represents the leading green cement industry owing to the presence of stringent government regulations and increased consumer awareness.
Some of the leading players in the global market for green cement include CEMEX, S.A.B. de C.V. (NYSE: CX) and Lafargeholcim Ltd (SWX: LHNZ). CEMEX, S.A.B. de C.V. has earned a place on CDP’s Climate A List and is recognised as a leader of corporate Climate Action through transparency. In 2019, only two building materials companies were able to make it into the A List. As of December 2019, the company has contributed to the development of more than 850 green building projects. Further, in January 2020, CEMEX announced that it has applied its technological capabilities to especially develop concrete for the construction of the Presa Bicentenario (Bicentennial) dam in the state of Sonora in Northwest Mexico. Thus, such developments are expected to aid the growth of the green cement industry over the forecast period.
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The major players in the global green cement market are CEMEX S.A.B. de C.V., HeidelbergCement AG, UltraTech Cement Ltd., and LafargeHolcim Ltd, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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