The global green cement market is witnessing an exponential growth with regards to the innovations and up gradations of raw materials being carried out by the market players. Another factor boasting the market growth in the current scenario is the initiatives undertaken by various governments of developed countries as well as developing economies. The market for green cement consists of large and well-established players as well as tier-2 and tier-3 companies across the globe, which invests huge amounts in order to deliver the most enhanced cementitious product to their customers.
Slag Cement is the most prominent green cement in the industry across the globe, and the same is expected to boast the growth of green cement in the future
In addition, the infrastructure / construction industry across the globe is experiencing significant growth rate attributing to the demand from the mass. Parallel to this, the global infrastructure industry is experiencing a substantial demand to reduce the usage of Ordinary Portland Cement (OPC), which emits enormous amount of toxic CO2 gases. Owing to this factors, the players operating in the cement industry are shifting their focus towards eco-friendly raw materials such as fly ash, slag, recycled aggregates, and silica fumes, and burnt clay among others to mix them with lime and other solutions to prepare cement. These cementitious products emit much less CO2 as compared to Ordinary Portland Cement (OPC).
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Rising awareness related to environmental problems and declining natural resources, the global construction industry is experiencing a paradigm shift from traditional concretes to advanced material concretes. Slags or Ground Granulated Blast Furnace Slags (GGBFS) are environmental friendly, and is one of the appropriate substitute of Ordinary Portland Cement (OPC). The slag cement has several advantages over the conventional cements such as; it enhances workability, reduces permeability, increases performance, and improves durability among others.
The usage of slag cement reduces the weight of the cement by 30% – 85%, however, increases the strength and durability of the cement. Attributing to the benefits of the slag cement, the consumers in the US are increasingly adopting this product year on year. With the use of slag cement, chloride penetration is highly reduced, thereby enabling the end user to design smoother surface and improving aesthetics. Slag cement also reduces chances of efflorescence. The maintenance and repairing of structures made up of slag cement is much cheaper as compared to Ordinary Portland Cement (OPC). Slag cement also increases the life cycle of the structure, thereby attracting the end user to opt for this product while concrete construction. These advantages of slag cement over conventional cement are the primary reasons for the end users to adopt the material at a higher rate is propelling the market to flourish in the current scenario.
The global green cement market by geography is segmented into five regions including; North America, Europe, Asia Pacific, Middle East and Africa, and South America. Asia Pacific accounted for the largest share in 2017 in global green cement market. Europe is anticipated to exhibit enormous growth in adopting green cement during the forecast period, thereby escalating at a prime rate over the years from 2018 – 2025.
The leading companies operating in the field of green cement across the globe include LafargeHolcim, Heidelberg Cement AG, Anhui Conch Cement Company Limited, Cemex S.A.B DE C.V, Votorantim Group, China Resources (Holdings) Co. Ltd., Taiwan Cement Corporation, China National Building Material Co., Ltd., Taiheiyo Cement Corporation, and Ecocem among others. Various other companies are also operating in the market and are coming up with new technologies and offerings which is helping the market for green cement to expand over the years in terms of revenue and subscription.
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