According to the Graphical Research new growth forecast report titled North America Green Cement Market share will surpass USD 130 million by 2026; rising residential and commercial infrastructure development will fuel green cement demand in North America.
The U.S. will provide potential growth prospects for green cement materials on a global level. The revival of the economy, growing immigration, and strengthening of the U.S. Dollar will provide a positive outlook for the market. Several governmental initiatives taken by the U.S. Green Building Council (USGBC) to promote sustainable construction will support infrastructure conditions and overcome housing deficits in the North America region. The cement industry contributes to a major chunk in the total carbon dioxide emissions. For every ton of cement produced, the process emits 900 Kg of Co2. Therefore, green construction ensures the usage of resource-efficient processes to provide improved building sustainability.
The U.S. construction industry has witnessed a shifting trend toward environmentally friendly construction material for manufacturing processes. The cost-effective production due to favorable socio-economic conditions along with abundant raw material availability is among the key factors driving growth. Regulatory authorities are continuously focusing on minimizing carbon footprints and are employing legislation, which will promote zero-energy buildings. Furthermore, growing concerns regarding resource scarcity will propel the use of energy-efficient building materials.
The slag-based segment will witness substantial growth in the green cement market. It is composed of magnesium aluminosilicates and calcium as it is a by-product of the steel industry. The product develops strong hydraulic cementation when in contact with an alkali such as Portland cement. Slag-based green cement can also be employed as an aggregate in bitumen and concrete applications. It offers significant Co2 reduction as the process involves less heat to perform the calcination process.
The increasing purchase power of customers along with rising density in urban cities and energy-savings plays a major role in the adoption of green cement products in the residential segment. In addition, an upsurge in modular construction & multi-dwelling projects and rising trends of home remodeling in the U.S. and Canada will augment the green cement industry.
The American Society of Civil Engineers (ASCE) supports key actions to address America's infrastructure crisis such as increased leadership in infrastructure renewal, promote sustainability, resiliency & innovation, and develop & prioritize plans to sustain and enhance infrastructure. This policy states that sufficient funds should be provided for the design, construction, operation, and long-term maintenance of public transportation systems as public transport plays an important role in the economic development of the country.
Some of the prominent players operating in the North America green cement 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. Price-based competition is integral to remaining competitive in the market. For example, green cement manufacturers producing high-quality products at lower costs will gain robust demand from the commercial and residential construction sector.
The North America 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:
Market Share, By Product
- Fly-ash based
- Recycled aggregates
- Others (geopolymer-based, etc.)
Market Trends, By Application
The above information is provided on a country basis for the following: