Global green cement market to thrive

The global market for green cement is expected to grow to US$ 38.1 billion by 2024 from US$ 14.8 billion in 2015, a CAGR of 11.3 per cent between 2016 and 2024, according to a recent report from Transparency Market Research.   Europe currently accounts for a significant share of the green cement market and is expected to remain a key consumer sue to increasing demand for sustainable construction materials. Meanwhile, rising population is expected to drive demand for green cement as well as other construction materials in Asia Pacific.   Demand in the Middle East and Africa will also provide a “lucrative market for green cement in the next few years owing to the rise in construction activities, coupled with increase in demand for sustainable product,” as per a release by Transparency Market Research.   Green cement reduces the carbon footprint of construction activities by substituting cementitious industrial wastes, such as fly-ash from coal-fired power plants and slag from the steel and iron processing industry, for traditional cement.