The growth of the market is driven by the growing construction activities in Asia - Pacific and stringent environmental regulations.
Market Size – USD 21.42 Billion in 2018, Market Growth - CAGR of 8.7%, Market Trends – Growing construction in Asia-Pacific and stringent environmental regulations are boosting the demand for the market.
NEW YORK, April 29, 2019 (GLOBE NEWSWIRE) -- The Green Cement Market is forecasted to grow from USD 21.42 Billion in 2018 to USD 43.59 Billion by 2026, at a CAGR of 8.7%, during the forecast period. The market is primarily driven by the growing construction activities in emerging economies, increased use of alternative fuels from renewable & waste materials and increased efforts to reduce carbon emissions.
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The green cement market is highly fragmented in nature with different players involved in production and distribution. Green cement is an environmentally friendly replacement for the Portland cement.
Green cement is in its introduction stage as several companies are still carrying out research and development activities to improve the properties and capabilities of the product. Due to strict environmental regulations, government initiatives to improve tax conditions and subsidies for the production of green materials, demand is expected to rise further over the forecast period.
Due to the emergence of Limestone Calcinated Clay Cement (LC3) and Frerrocrete technologies to improve the effectiveness of green cement, the green cement market is expected to witness rapid technological developments over the forecast period.
As alternative fuels derived from waste materials such as solid recovered fuels, foundry sand, animal meals, used oil, filter cakes, sewage sludge, and fly ashes are increasing, demand for green cement is also increasing. The main factor that boosts this market's growth is the growing need to reduce carbon emissions and use clean and green fuel. The global green cement market is also supported by governments around the globe in promoting sustainable building and green architecture, which is certified as a leader in energy and environmental design (LEED).
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Further key findings from the report suggest
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Segments covered in the report:
This report forecasts volume and revenue growth at a global, regional & country level, and provides an analysis on the industry trends in each of the sub-segments from 2016 to 2026. For the purpose of this study, Reports and Data have segmented the market on the basis of type, application, end-user and regional analysis.
Type (Kilo Tons) (Revenue, USD Million; 2016-2026)
Application (Kilo Tons) (Revenue, USD Million; 2016-2026)
End-User (Kilo Tons) (Revenue, USD Million; 2016-2026)
Region (Kilo Tons) (Revenue, USD Million; 2016-2026)
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