Global green cement market to thrive
Published by Jonathan Rowland,
Editor
World Cement,
The global market for green cement is expected to grow to US$38.1 billion by 2024 from US$14.8 billion in 2015, according to a recent report from Transparency Market Research, a CAGR of 11.3% between 2016 and 2024.
Europe currently accounts for a significant share of the green cement market and is expected to remain a key consumer sue to increasing demand for sustainable construction materials. Meanwhile, rising population is expected to drive demand for green cement – as well as other construction materials – in Asia Pacific.
Demand in the Middle East and Africa will also provide a “lucrative market for green cement in the next few years owing to the rise in construction activities coupled with increase in demand for sustainable product,” Transparency Market Research said in a press release.
Green cement reduces the carbon footprint of construction activities by substituting cementitious industrial wastes, such as fly ash from coal-fired power plants and slag from the steel and iron processing industry, for traditional cement.
Read the article online at: https://www.worldcement.com/special-reports/05012017/global-green-cement-market-to-thrive/
You might also like
The World Cement Podcast - What's next for US Cement?
In this episode of the World Cement Podcast, we are joined by Mike Ireland, President and CEO of the ACA or American Cement Association. Listen in as Mike and David dive into a range of topics, including the ACA’s recent rebranding efforts, decarbonisation, policy and legislation, and the impact of AI on cement demand.
Tune in to the World Cement Podcast on your favourite podcast app today.
