About the Green Cement Market
Cement is an essential material in any construction. It is used as a part of the blend with different materials such as bricks, stones, and sand. Cement is a gray-colored inorganic substance with extreme pressure driven binding properties. It is a finely ground blend of minerals that turns into a stone-like material when mixed with water, sand, and gravel. It is used as a part of the production of concrete, which is an essential building material for mass construction. Cement and mortar are the two fundamental mixtures used in construction. Cement, for the most part, is used as a construction material as a part of residential, non-residential, and infrastructure segments. It is also used for building beautifying applications, for example, expanding the visual offer of construction.
Technavio’s analysts forecast the global green cement market to grow at a CAGR of 14.95% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global green cement market for 2016-2020.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Green Cement Market 2016-2020
Technavio recognizes the following companies as the key players in the global green cement market: Anhui Conch Cement, CEMEX, China National Building Material, Italcementi, and LafargeHolcim.
Other Prominent Vendors in the market are: CeraTech, Calera, and Kiran Global Chems.
Commenting on the report, an analyst from Technavio’s team said: “A trend that will have a positive impact on market growth is the use of waste as alternative fuels (AF). The use of wastes such as used tires, solid recovered fuels, used oils, animal meal, sewage sludge, foundry sands, fly ashes, and filter cakes as AF in cement kilns helps reduce CO2 emissions during the cement production process. Waste is burnt in an incinerator with energy recovery facilities. The power generated is passed to the national electricity grid system.”
According to the report, a key growth driver is the rise in urbanization. A number of countries are observing the large-scale migration of the population from rural areas to urban areas. The present growth rate of the population of India (1.55% YoY basis) is more than double the growth rate of China's population (0.66% YoY basis). It is likely that the population in rural areas will be moving to urban areas rapidly during the forecast period. So, with an increase in urban population, problems such as traffic congestion, shortage of housing, and increasing passenger traffic will arise. To meet the needs of such a large scale migration, countries around the world are focusing on developing infrastructure.
Further, the report states that one challenge that could restrict market growth is the increase in construction costs.
Anhui Conch Cement, CEMEX, China National Building Material, Italcementi, LafargeHolcim, CeraTech, Calera, and Kiran Global Chems.