According to the new research report published by The Insight Partners, titled “Green Cement Market – Global Analysis and Forecast to 2025”, the global green cement market is expected to reach US$ 42.73 billion in 2025, registering a CAGR of 13.3% during the forecast period 2018-2025. The growth in the Asia Pacific region is highly attributed to the demand for infrastructure across the Asia Pacific region outpaces the current supply in the region. The region is witnessing rapid growth in various sectors and thereby needs new and upgraded infrastructure that exhibits quality, enable further economic growth through generating employment, and also be sustainable in nature.
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The market players present in green cement market are mainly focusing towards product enhancements by implementing advance technologies. By signing partnership, contracts, joint ventures, funding, and inaugurating new offices across the world permit the company maintain its brand name globally. Most of the market initiative were observed in Asia Pacific, North America, Europe regions, which have high density of green cement related products and solutions. In 2018, China Resources Cement Holdings Limited and Siemens Entered into Strategic Co-operation Agreement; 2018, Lafarge Holcim’s UK company Aggregate Industries awarded contract to deliver pavement solutions to Highways England.
The global green cement market on a global context has been segmented into two segments namely; by types and by end users. Further the market is broken down on basis of five strategic regions globally as North America, Europe, Asia Pacific, Middle East and Africa, and South America. The regions are again segmented into various countries. Based on different types of green cement the market is categorized as fly ash, recycled aggregates, slag and others. The end users’ segment is classified as commercial sector, residential sector and industrial sector. Geographically, the market is presently dominated by Asia Pacific region, however, the market is expected to be in favor of Middle East and Africa region during the forecast period.
The global green cement market is a highly fragmented and evolving market worldwide. Leading players in the global market captures merely >35% of the market, whereas rest of the market is occupied by regional players including tier-2 and tier-3 companies in respective regions. The market operates in a highly-competitive marketplace. As leading companies in this market continues to broaden their addressable market, by expanding its current product portfolio, diversifying its client base, and developing new products and markets, all the prominent players faces an increasing level of competition, both from start-ups as well the leading global industrial companies in the world. The leading companies operating in the field of green cement across the globe include LafargeHolcim, Heidelberg Cement AG, Anhui Conch Cement Company Limited, Cemex S.A.B DE C.V, Votorantim Group, China Resources (Holdings) Co. Ltd., Taiwan Cement Corporation, China National Building Material Co., Ltd., Taiheiyo Cement Corporation, and Ecocem among others.
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