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(USGovernment-News.Com, October 16, 2018 ) Increasing environmental concerns and rising prices of fossil fuels across geographies have led the concrete mixers or builders to shift from the traditional concrete concept to the robust green cement concept, thereby, bolstering the green cement market. In the present market, several leading cement manufacturers are venturing into the green cement manufacturing, which is increasing the proliferation of green cement market.
The global green cement market is a highly fragmented and evolving market worldwide. Leading players in the global green cement market capture merely >35% of the market, whereas the rest of the market is occupied by regional players including tier-2 and tier-3 companies in respective regions. The green cement market operates in a highly competitive marketplace. As leading companies in the green cement market continue 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 face an increasing level of competition, both from start-ups as well the leading global industrial companies in the world.
The rising penetration of green cement market in the developing economies of Middle East and Africa, and Asia coupled with the rapidly developing commercial, residential and industrial infrastructures in these regions are proving to be the major drivers for the growth in the adoption of green cement market in the present scenario and the trend is expected to boost the market to propel in the coming years. Additionally, with an objective to reuse and complete utilization of the fly ash and slag, various governments and private organizations are undertaking initiatives to set up cement factories near respective plants. These initiatives help the country and the government to increase industries as well as utilize the residuals of thermal power plants and steel plants, thereby, propelling the fly ash cement segment and slag cement segment in the industrial sector.
The global green cement market is segmented on basis of types, and end users. The slag segment is the most prominent green cement across geographies, pertaining to the increased strength, workability enhancement, permeability reduction, improved performance, and increased durability among others. These advantages of the segment are the major drivers for the segment to exhibit a prime growth rate during the forecast period from 2018 – 2025. Geographically, the market for green cement is largely dominated by Asia Pacific region, owing to the huge availability of raw materials required for preparing green cement. Another factor boosting the market for green cement in the region is the rise in population in Asia Pacific countries, which demands more residential areas. However, the market for green cement is foreseen to be tending towards the European market during the forecast period, due to various government initiatives and an increase in manufacturing facilities.
The prominent players operating in green cement market globally include Anhui Conch Cement Company Limited, CEMEX, S.A.B. DE C.V., China National Building Material Co., Ltd., China Resources Cement Holdings Limited, HEIDELBERGCEMENT AG, LAFARGEHOLCIM Ltd., Taiwan Cement Corporation, Votorantim Cimentos, Ecocem, and Taiheiyo Cement Corporation among others.
Reason to Buy Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the green cement market, thereby allowing players to develop effective long term strategies.
- Develop/modify business expansion plans by using substantial growth offering in developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to segmentations like type and end users.
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