Increase in Investments in the Construction Industry Predicted to Drive the Global Green Cement Market Until 2020, Says Technavio
By Business Wire News
By Business Wire News
According to the latest research study released by Technavio, the global green cement market is expected to expand at a CAGR of over 14% until 2020.
This research report titled ‘Global Green Cement Market 2016-2020’, provides an in-depth analysis of market growth in terms of revenue and emerging market trends. It also presents the vendor landscape and a corresponding detailed analysis of the top four vendors in the global green cement market.
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“Developing innovative methods for use in the cement business could minimize the cement market waste and pollution to a large extent. Many options such as energy efficiency, AF, and clinker substitution are anticipated to reduce air pollutants emanating from cement plants,” said Chandrakumar Badala Jaganathan, one of Technavio’s lead analysts for metals and minerals research.
“By investing in R&D and involving modeling techniques such as designing of processes, the cement market will minimize air pollution and comply with existing regulations for protection of the environment in the future,” added Chandrakumar.
Global green cement market by end-use 2015
- Residential 52%
- Non-residential 30%
- Infrastructure 18%
Source: Technavio research
Global green cement market by residential segment
Declining family household size and rising interest for residential projects in urban regions will bolster the building and construction segment, especially in developing economies of the world. Rural to urban migration will be especially high in APAC and MEA, and these new urban inhabitants will likely showcase significant interest in multifamily housing projects. Around the world, development of new multifamily housing projects will rise by 3%-4% annually, with 85%-90% of the development occurring in APAC and MEA. Single family housing projects will continue to account for the largest share of new residential units, and this trend will likely boost the global green cement market over the forecast period.
Global green cement market by non-residential segment
By consumption volume, the global green cement market by the non-residential construction segment was valued at close to 41.4 million metric tons in 2015. The non-residential segment consists of commercial buildings such as shops, hotels, restaurants, office spaces, industrial buildings, schools, and hospitals. The non-residential segment of the global green cement market is predicted to fare better than the other two segments of this market, as governments in both developed and developing economies are likely to invest heavily in this segment during the forecast period.
The non-residential sector in the US will grow after a period of descent, leading to the growth of the global non-residential market. To meet the demand from increasing population for entertainment, education, and healthcare infrastructure, developing economies such as China, India, Indonesia, and Brazil will invest heavily in the non-residential segment. This will further bolster the global sales of cement.
Global green cement market by infrastructure segment
It is estimated that USD 57 trillion will be spent on the development of infrastructure worldwide until 2030. An ascent in the demand for public infrastructure from emerging economies will act as a major growth driver for this market during the forecast period. China and India, the two most populous countries in the world, are also the fastest growing economies. This has made their respective governments invest massively in the infrastructure segment.
The rise in demand for energy infrastructure in African countries such as Nigeria, South Africa, Ghana, and Egypt will also add to the high cement demand. Middle Eastern countries, including the UAE, Qatar, and Saudi Arabia, are also likely to develop their tourism infrastructure during the forecast period. Qatar will be the host for the FIFA World Cup in 2022, leading to further infrastructure growth in this region. These trends will immensely benefit the global green cement market until 2020.
Browse related reports:
- Global Concrete and Cement Market 2016-2020
- Cement Market in China 2015-2019
- Cement Market in the UAE 2015-2019
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Technaviois a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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