Tuesday, 7 June 2016

Green Cement Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024

Global Green Cement Market: Description

Production of cement contributes around 10% of overall carbon dioxide emissions. Green cement or low-carbon cement holds the potential to reduce the carbon footprint of construction sites by 40%. The key challenge in developing greener cement is to maintain the durability and strength of the cement. Portland cement is the most common cement used at construction sites. Though economically cheap, Portland cement contains toxic ingredients such as chromium and silica. The production of Portland cement is not environmentally sustainable with higher energy consumption for mining activities and the emission of high volume of greenhouse gases. Green cement is considered as environmentally sustainable construction material as it releases less carbon dioxide and requires less water in construction activities.

In terms of end use, green cement is used across residential, non-residential, and infrastructure sectors. The residential sector is the largest end user of green cement owing to the increasing population density across urban regions and a surge in new residential projects. In countries such as India and China,

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Global Green Cement Market: Overview

The global cement industry faces a number of challenges such as scarcity of raw materials, depleting fossil fuel reserves, ever-increasing demand for cement and concrete, and growing environmental concerns associated to climate change with increased emission of carbon dioxide during cement production. Green cement addresses these issues efficiently. Manufacturing of green cement relies on technological advances that include novel cement formulations and energy-efficient low carbon production methods. These factors have augmented the growth of the global green cement market. The increasing awareness about green buildings in the construction sector has also fuelled the demand for green cement.

Extensive research activities are being carried out by cement companies to switch to greener alternatives. The Cement Sustainability Initiative started by the World Business Council for Sustainable Development has brought together the major cement producers worldwide to focus on reducing carbon dioxide emissions during cement production. Government support in form of incentives on the usage of green cement has further boosted the global green cement market.

With growing environmental concerns, an interesting trend has been witnessed in the global green cement market. Wastes such as used oils, foundry sand, solid recovered fuels, sewage sludge, animal meal, filter cakes, and fly ashes are being increasingly used as alternative fuels in cement kilns. These alternative fuels help to decrease carbon dioxide emissions during the process of cement production. Cement kilns efficiently use the calorific value of these waste materials.

Global Green Cement Market: Region-wise Outlook

The global green cement market has been segmented into four key regions: North America, Asia Pacific, Europe, and Rest of the World. The rapid growth of the construction sector across Asia Pacific, especially in countries such as India and China has boosted the demand for cement. Various environmental regulations implemented by governments in these regions have stressed on the usage of green cement, thereby augmenting the growth of the overall green cement market. In the Middle East and Africa, development of new multifamily housing projects will contribute towards the global demand for green cement.

Global Green Cement Market: Vendor Landscape

Some of the key players operating in the global green cement market are CEMEX, Anhui Conch Cement, Italcementi, CNBM, and LafargeHolcim. The key vendors are focussing on expanding applications of green cement. For example, CEMEX has launched a green cement, Rizal Green that can be used to construct residential structures such as ground-floor slabs, driveways, and fences. On the other hand, Ceratech, a Virginia-based cement manufacturing company has focussed on utilizing fly ash to produce green cement. Fly ash refers to the fine particles filtered out of the gases released by electricity plants running on coal. The company converts this ash into cement powder.

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