Green Cement Market
REPORT DESCRIPTION
Green Cement Market ( Product - Fly Ash-based , Slag-based , and Geopolymer ; Application - Residential , Non-residential , Industrial , and Infrastructure ) - Global Industry Analysis , Size , Share , Growth , Trends , and Forecast 2016 - 2024
The top five players in the global green cement market held a lion ’ s share of 51 % in the overall market in 2015 . These leading players are Heidelberg Cement AG , China National Building Material , Lafarge S . A ., CEMEX S . A . B . de C . V ., and Taiheiyo Cement Corporation . These companies have been focused on strategic mergers and acquisitions to expand their capacity , observes Transparency Market Research . “ Persistent focus on technological developments and product differentiation to add value to products are expected to be one of the winning strategies of these companies ,” states the lead author of this research report .
According to the research report , the global green cement market is expected to be worth US $ 38.10 bn by the end of 2024 as compared to US $ 14.80 bn in 2025 . During the forecast period of 2016 and 2024 , the global market is projected to exhibit a CAGR of 11.3 %.
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Asia Pacific Shows Swift Consumption of Green Cement as Infrastructural Development Gains Momentum Out of all the geographical regions , Asia Pacific is estimated to acquire a share of 31.1 % in the global market due to increasing construction activities . The Asia Pacific green cement market will also experience a surge in demand due to the rapid industrialization and fast-paced urbanization . The monumental rise in the number of residential and non-residential activities are expected to drive the demand for green cement all across Asia Pacific . Partly corroborating the aforementioned statement is a statistic that says non-residential segment will account for a share of 34.7 % in the global market . The growing need for infrastructural development in emerging economies and the pressure to use green solutions for the same will be the key factors determining the demand for green cement in the non-residential segment .
Transparency Market Research
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