Growth for green cement
The green cement market is set for increased growth.
A new report, Green Cement - Global Market Outlook (2017-2023), has predicted a growth of 17.8% in the green cement market by 2023, rising from US$2.47bln in 2016 to US$7.83bln. The factors that are reported to be propelling the market growth are increased demand for construction of non-residential, residential buildings and governments supporting green architecture for sustainable development.
The residential segment has the highest market share, and growth here has been attributed to the growing population density and more multifamily housing projects in developing regions. The demand for green cement is rapidly rising in this sector.
In particular, the USA is expected to experience large growth rates in the residential sector because of industrialisation and urbanisation.
The report is available at bit.ly/2z9fuKT