GREEN CEMENT MARKET SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS (2023 - 2028)


Green Cement Market Analysis:

During the projected period, the green cement market is anticipated to experience a compound annual growth rate (CAGR) exceeding 6%.

The market was adversely affected by the COVID-19 pandemic in 2020, as construction projects and related activities were halted to mitigate the spread of the virus, resulting in a negative impact on the market. However, in 2021, the market exhibited steady growth, primarily driven by an upsurge in building and construction endeavors. It is expected that the market will continue to follow a similar trajectory throughout the forecast period.

The market’s growth is primarily propelled by favorable government policies pertaining to green buildings and an increasing concern regarding greenhouse gas (GHG) emissions associated with cement production. Additionally, the ample availability of raw materials, such as fly ash, is anticipated to further drive the market forward.

Conversely, the inherently unpredictable nature of the construction market is expected to significantly impede the growth of the green cement market. However, in the coming years, the promising performance of high belite cement (HBC) in China is likely to present growth opportunities.

North America is projected to dominate the global market during the forecast period, owing to the exponential growth of construction activities in the region.

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