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Global Green Cement Market to Grow at a CAGR of 9.3% During 2021-2026, Aided by the Rising Demand for Sustainable Building Products

According to a new report by EMR titled, ‘Global Green Cement Market Report and Forecast 2021-2026’, the global market for green cement is expected to witness a healthy growth over the forecast period of 2021-2026, growing at a CAGR of 9.3%.

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.

Market Breakup by Product Type, End Use, and Region:

  • On the basis of product type, the global green cement industry has been divided into slag-based, fly ash-based, limestone-based and silica fume-based green cement.
  • The industry, based on end use, has been categorised into residential, non-residential and infrastructure sectors. 
  • Region-wise, the market can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The global market for green cement is being driven by the rising awareness regarding sustainability and the growing need to curb pollution in the environment. 
  • The growing construction industry owing to rapid urbanisation and industrialisation is further aiding the market growth. 
  • Rapid technological advancement is providing further impetus to the industry. 
  • Increased research and development (R&D) activities and the growing need for sustainable solutions in the construction sector is expected to provide a further boost to the industry. 
  • Stringent government regulations regarding the use of sustainable construction materials will further contribute to the growth of the global industry.

Key Offerings of the Report:

  • The EMR report gives a detailed analysis of the global market for green cement for the periods (2016-2020) and (2021-2026). 
  • The report offers historical (2016-2020) and forecast (2021-2026) market information for the types, raw materials, applications, and regional markets for the global green cement industry. 
  • The report also gives the price trends of green cement. 
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

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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Expert Market Research (EMR) is a leading market research and business Intelligence Company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

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