Green Cement Market Expected to Expand with a CAGR of over 11.3% from 2016 to 2024
The global green cement market displays a highly consolidated landscape with a few major market players holding half of the market’s share, reports Transparency Market Research (TMR). Prominent players in the global green cement market include Lafarge S.A., Taiheiyo Cement Corporation, CEMEX S.A.B. de C.V., China National Building Material, and Heidelberg Cement AG. These companies are engaging in strategic alliances and product differentiation to expand their market’s share. Moreover, they are expanding their production capacity to gain a stronghold in the market. As projected by TMR analysts, the global green cement market to exhibit immense growth potential rising at 11.3% CAGR during the forecast period, which is 2016 to 2024. The market is expected to rise from its initial valuation of US$14.80 bn to reach a value of US$38.10 bn by 2024. In terms of applications, the global green cement market is segmented into infrastructure, residential, and non-residential sectors...