Green Cement Market to be worth $38.10 bn by 2024 | Page 3

Green Cement Market
The market share of North America green cement market is expected to decline during the forecast period , due to the limited usage of cement in the residential sector . Europe share in the global green cement market is also expected to decline between 2015 and 2024 due to stringent regulations for carbon emissions and the growing apprehensions about taxes that could be levied on industrial emissions .
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Demand for Green Alternatives to Reduce Carbon Footprint Drives Growth
The booming construction activities , which includes construction of residential buildings , nonresidential buildings , and infrastructural development is the primary factor driving the growth of the global green cement market . The demand for green cement is increasing due to the uptake of alternate fuels that are derived from waste matter such as used oils , solid recovered fuels , foundry sand , filter cakes , fly ashes , and animal meals . Moreover , the need of the hour to cut down carbon emissions is promoting the use of these fuels . Several governments around the world are also encouraging green architecture for sustainable development , which receives a certification under Leader in Energy and Environment Design ( LEED ).
The use of green cement also safeguards buildings from heat stress and sulfate attacks due to contact with water and moisture . Green cement offers superior resistance for residential as well as commercial construction projects due to low alkali concentration as compared to ordinary Portland cement ( OPC ), which is expected to play a significant role in the market ’ s growth . In several parts of the world , developmental projects , which include construction of pavements and bridges , infrastructural developments , and nuclear power plants are expected to extend a plethora of growth opportunities to the market .
The growth of the green cement market faces certain restraints as well . The strength of green cement is entirely dependent on the type of industrial waste utilized during the manufacturing process , thus it has been debatable amongst several end users . For example , use of low calcium fly ashes compromises the strength in early stages in comparison to OPC .
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