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
Opportunities & Challenges For UK Cement
Dr Diana Casey, Mineral Products Association, gives an overview on the current state of the British cement industry and what benefits and hurdles lie ahead for operators in the UK.
