According to a recently released industry report on the low carbon cement market, the global market grew annually (YoY) by 5.2% in 2021 to reach US$ 1.5 billion. The market is anticipated to reach $5 billion by 2032, with the demand for low-carbon cement forecast to grow at a CAGR of 11.2% over the following ten years.
The value of green energy stocks will rise as more and more attention is focused to finding environmentally appropriate replacements for fossil fuels. Despite the pandemic situation, demand for renewable energy technologies surged, particularly in 2020, while consumption of all other fuels fell.
Get Free Sample Copy of This Report:
https://www.factmr.com/connectus/sample?flag=S&rep_id=5044
Low carbon cement, also known as green cement or sustainable cement, refers to various types of cement that are produced with a significantly reduced carbon footprint compared to traditional Portland cement, which is one of the largest sources of carbon dioxide (CO2) emissions in the construction industry. The primary goal of low carbon cement is to reduce the environmental impact associated with cement production and construction.
Here are some key points about the low carbon cement market:
Types of Low Carbon Cement:
Fly Ash-based Cement: This type of cement incorporates fly ash, a waste product from coal combustion, to reduce the amount of clinker (the main source of CO2 emissions) in the cement mix.
Slag-based Cement: Slag, a byproduct of the steel industry, is used as a partial replacement for clinker.
Limestone Calcined Clay Cement (LC3): LC3 is a novel low carbon cement that uses limestone and calcined clay as raw materials, significantly reducing CO2 emissions.
Geopolymer Cement: Geopolymer cement is made from industrial byproducts and has a lower carbon footprint.
Drivers for the Low Carbon Cement Market:
Environmental Concerns: Growing awareness of the environmental impact of traditional cement production has led to a demand for greener alternatives.
Government Regulations: Many governments and international bodies have implemented or proposed regulations to limit CO2 emissions, which incentivize the adoption of low carbon cement.
Sustainability Initiatives: Companies in the construction industry and investors increasingly focus on sustainability, which drives the demand for low carbon building materials.
Challenges:
Cost: Low carbon cement can be more expensive to produce compared to traditional cement, which can deter its widespread adoption.
Resistance to Change: The construction industry often relies on established practices, and transitioning to low carbon cement may require changes in infrastructure and processes.
Market Outlook:
The low carbon cement market was expected to grow as governments, industries, and consumers place a higher premium on sustainable construction practices.
Research and development efforts were ongoing to further reduce the carbon footprint of cement and improve the cost-effectiveness of low carbon alternatives.
Collaboration between cement manufacturers, construction companies, and governments is vital for driving the adoption of low carbon cement.
Get Customization on this Report for Specific Research Solutions:
https://www.factmr.com/connectus/sample?flag=RC&rep_id=5044
Key Players:
- CarbiCrete
- Carbon Cure
- Cemex
- CeraTech
- Ecocem Ireland Lt
- Heidelberg Cement
- Holcim
- Kiran Global Chems Ltd
- Navrattan Green Cement Industries Pvt. Ltd
- U.S. Concrete, Inc.
About Fact.MR
Fact.MR is a market research and consulting agency with deep expertise in emerging market intelligence. Spanning a wide range – from automotive & industry 4.0 to healthcare, technology, chemical and materials, to even the most niche categories. We are committed to deliver insights that help businesses gain deeper understanding of their target markets. We understand that making sense of the vast labyrinth of data can be overwhelming for businesses. That’s why focus on offering insights that can actually make a difference to bottom-lines.
Contact:
Mahendra Singh
US Sales Office
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583, +353-1-4434-232
E: sales@factmr.com
