The global green Cement market revenue is expected to expand at a lucrative CAGR over the forecast period. Increasing efforts towards reduction of carbon emissions is one of a major factors expected to drive growth of the global market over the forecast period.
The global green cement market report has been segmented on the basis of product, application and region. On the basis of product, the target market is segmented into Fly ash based, Geo-polymer, Slag based and Others. Fly ash based products is witnessing higher growth rate because of abundant thermal plants and government regulations towards better utilization rather than dumping in open place, expected to provide number of opportunities to green cement market. In order to promote better management of thermal power plants, government of India launched an app for better management of fly ash from thermal plants.
By application, the target market is segmented into residential and non-residential. Non-residential segment will be the fastest growing segment due to product finds different application in construction which includes office buildings, pavements, car parking, and retail stores.
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Based on the region the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in North America is estimated to be highest share in terms of revenue over the forecast period, owing to stringent regulation in this region. Moreover, major countries such as U.K. and France witnessing the augmented demand for green cement. The market in Asia Pacific is expected to register significant share in terms of revenue over the forecasts period, owing to rising infrastructural development, growing number of construction activities in emerging economies and growing initiatives by governments. The Middle East and Africa are also showing a keen interest in using green cement, attributable to planning on developing multifamily housing projects in the near future.
Key players operating in the global flavored and functional water market include LafargeHolcim Ltd, CEMEX S.A.B. de C.V., Ecocem Ireland Ltd, China National Building Material Co., Ltd, HeidelbergCement , Calera , CarbonCure Technologies Inc., Anhui Conch Cement Co., Ltd., The Siam Cement Group Public Company Limited, Italcementi and among others.