Demand for Green and Sustainable Solutions
Cement is a strong binding and adhesive substance that has a large carbon footprint, but is vital in building. Green cement is made from industrial by-products such as fly ash, blast furnace slag, aluminosilicates, and recycled industrial waste.
Global building material demand is increasing, requiring sustainable solutions. This academic engagement stems from the company’s aim to build a greener, smarter, and more sustainable future for all. The LafargeHolcim Innovation Centre (LHIC) will fund the collaborative research study on “Binder Optimization for Alternate Reinforcements”.
ACC and Ambuja Cements are growing academic connections and contributing to the greatest minds worldwide.
Green cement’s main benefit is a large reduction in carbon emissions, while also increasing global demand. Sustainable architectural programs around the world use it to build structural columns, bridges, dams, and buildings.
The Global Green Cement Market was valued at $15 million in 2016 and is expected to hit $37 million by 2024, increasing at a 14.12% CAGR.
The worldwide cement industry is currently confronting issues connected to environmental concerns, raw material constraints, and fossil fuel depletion. A single tonne of Portland cement is projected to contribute to around 6% of the total global man-made carbon emissions, considerably contributing to contemporary environmental challenges. This results in a lot of carbon dioxide and greenhouse gas emissions, which forces builders, governments, and architects to come up with and use greener alternatives like green cement.
Various firms are conducting R & D to develop technologies. These firms used a variety of raw ingredients to produce low-cost green cement. Thus, manufacturers’ initiatives and developments should give attractive chances for market expansion.
Top Global Players in Green Cement Market: CarbonCure Technologies Inc., Cemex, CRH plc, LafargeHolcim, Calera, Heidelberg Cement, Siam Cement Public Company (SCG), Kiran Global Chems, CeraTech, Taiheiyo Cement Corporation, Anhui Conch Cement, Votorantim cimentos S.A., UltraTech Cement Ltd., ACC Ltd., etc.
The research covers all areas of the global green cement industry. For example, a SWOT analysis, a Porter’s five forces analysis, or a value chain analysis. Everyone who has an interest in or plans to enter the global green cement market should read this paper.
See Also: Global Composite Materials Market Factors & Trends, Review of the Market Drivers
