Green cement market set for growth
Published by Joseph Green,
Analysts forecast global green cement market to grow at a CAGR of 14.95% during the period 2016-2020 with increased use of waste as alternative fuels (AF) playing major role in this growth story. 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 reduces 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.
Developing innovative methods for use in the cement business could minimise the cement market waste and pollution to a large extent. Many options such as energy efficiency, AF, and clinker substitution are anticipated to reduce air pollutants emanating from cement plants. By investing in R&D and involving modelling techniques such as designing of processes, the cement market will minimise air pollution and comply with existing regulations for protection of the environment in the future.
According to the 2016 report, a key growth driver for green cement market is the rise in urbanisation. 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.
Declining family household size and rising interest for residential projects in urban regions will bolster the building and construction segment, especially in developing economies of the world. Rural to urban migration will be especially high in APAC and MEA. The non-residential sector in the US will grow after a period of descent, leading to the growth of the global non-residential market. To meet the demand from increasing population for entertainment, education, and healthcare infrastructure, developing economies such as China, India, Indonesia, and Brazil will invest heavily in the non-residential segment. This will further bolster the global sales of cement. The rise in demand for energy infrastructure in African countries such as Nigeria, South Africa, Ghana, and Egypt will also add to the high cement demand. Middle Eastern countries, including the UAE, Qatar, and Saudi Arabia, are also likely to develop their tourism infrastructure during the forecast period.
Adapted from press release by Joseph Green
Read the article online at: https://www.worldcement.com/europe-cis/10062016/green-cement-market-set-growth-256/
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