Report ID: SQMIG15F2081
Report ID:
SQMIG15F2081 |
Region:
Global |
Published Date: July, 2036
Pages:
157
|
Tables:
65 |
Figures:
75
Green Cement Market size was valued at USD 28.48 billion in 2019 and is poised to grow from USD 32.28 billion in 2023 to USD 73.1 billion by 2031, growing at a CAGR of 10.76% in the forecast period (2024-2031).
A carbon-negative manufacturing process is used to create green cement, an environmentally beneficial cement. The primary waste products from the industry make up the majority of the raw materials utilised to make green cement. The primary components utilised in the production of green cement are fly ash and blast furnace slag. Fly ash, recycled concrete aggregates, and fibres from aluminium cans are the three new raw materials used to make green concrete. A waste product from coal power plants, fly ash is frequently dumped in ponds and landfills. Examples of green cement include Ekkomaxx cement, magnesium oxychloride cement, geopolymer cement, ferrocrete, calcium sulfoaluminate cement, and sequestrated carbon cement.
The increased awareness of the need to reduce carbon emissions and their harmful effects on the environment is the driver of the global market for green cement. Additionally, compared to standard cement, green cement offers better functionality, uses fewer natural resources in production, and emits less carbon dioxide, leading to higher market penetration during the projection period. Additionally, strict environmental rules, government programs to amend tax laws, and grants for the manufacturing of green products are anticipated to encourage market expansion.
US Green Cement Market is poised to grow at a sustainable CAGR for the next forecast year.
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Report ID: SQMIG15F2081