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Europe Green Cement Market to Reach $159 million by 2026
Published Date: 2020-12-02
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According to the Graphical Research new growth forecast report titled “Europe Green Cement Market size will surpass USD 159 million by 2026”. Stringent regulatory norms regarding reduction in atmospheric GHG emission levels will fuel green cement consumption in Europe.
Increasing concerns on climate change and various government initiatives to reduce carbon footprint have raised concerns over the utilization of conventional concrete. Ordinary concrete is composed of limestone, clay, and sand that are heated to extreme temperature. This process itself is contributing up to 8% of the global carbon dioxide emission; therefore, the World Business Council for sustainable development has come up with the Cement Sustainability Initiative aimed toward reduction in Co2 emissions. Green cement production process emits up to 80% lower Co2 and reduces the overall consumption of cement. These factors will subsequently propel market growth in near future.
Green concrete has improved workability and decreased permeability compared to portland cement. Green cement is also preferred in European countries due to its resistance to temperature changes. The employment of green cement in precast concrete for industrial construction will propel consumption. Green cement also helps in reducing energy cost as the product exists in the form of byproduct of another industrial process; thereby, saving heating and cooling costs. Green cement is economical compared to conventional concrete; however, the structures built with green cement have comparatively lower life cycle and high-water absorbability. These factors might hinder market growth during the assessment period.
Recycled aggregate will foresee promising gains in the Europe green cement market as the product promotes sustainability and is environment friendly as it significantly reduces the accumulation of landfills with concrete debris and pollution. Recycled aggregates are aggregates that are extracted from demolition waste. As per the European Aggregate Association, Germany is the largest producer of recycled aggregates, followed by the UK, the Netherlands, and France; therefore, the employment of recycled aggregates in various applications of civil engineering work, sub-basement, sub-ground improvement, and road pavement will escalate green cement industry growth.
The emergence of different industry players in power, oil & gas, nuclear, chemicals, automotive, and HVAC in the developed nations of Europe will escalate green construction industry growth. In addition, surge in healthcare facilities in the region will propel sustainable construction. Building of warehouses, workshops, and offices will further drive the consumption of green cement.
Strong presence of local players makes the region a hub for green cement production. Since the market is in the growing stage, there is a huge potential for new entrants in the green cement market; thereby promoting healthy completion. Some of the Industry participants operating in the Europe market are Anhui Conch Cement Company, Heidelberg Cement, LafargeHolcim, CEMEX, Navrattan Blue Crete Industries, Siam Cement Public Company, CNBM, and Kiran Global Chems, among others.
Europe Green Cement Market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in kilo tons and revenue in USD million from 2016 to 2026 for the following segments:
Europe Green Cement Market, By Product
- Fly-ash based
- Slag based
- Recycled aggregates
- Others (geopolymer based, etc.)
Green Cement Market, By Application
The above information is provided on a regional and country basis for the following: