Research Nester published a report titled “Lower Carbon Cement Market: Global Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of thegloballower carbon cement market in terms of market segmentation by type of product, application, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global lower carbon cement market is estimated to occupy a large amount of revenue by growing at a CAGR of 8.5% during the forecast period, i.e., 2022 – 2030, owing to the growing need to combat climate changes globally, which is giving rise to the use of sustainable products. Along with this, increasing development of net zero buildings, rapidly growing urbanization, and rising construction activities around the world is also expected to accelerate the growth of the market in the upcoming years.
The market is segmented by type of product and application. Based on type of product, the recycled aggregates segment is anticipated to occupy the largest share during the forecast period on the back of high growth of urbanization, elevating the use of recycled aggregate concrete for construction projects. Additionally, by application, the residential segment is projected to grab the largest share over the forecast period attributing to the surging economic growth in developed and developing regions.
Geographically, the global lower carbon cement market is segmented into five major regions, namely North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa. Asia Pacific is evaluated to grab the largest share and witness the highest growth in the market during the forecast period ascribing to the growing population in the region. The World Bank states that in 2020, the population of South Asia was 1.857 billion, up from 1.836 billion and 1.814 billion in 2019 and 2018 respectively. Moreover, the market in North America region is also assessed to gather significant share in the future owing to the high disposable income of the region.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Rising Need to Combat Climate Changes Worldwide to Drive Market Growth
Since the last few years, the upsurge in emissions across the globe has led to detrimental changes in the climate. This has given rise to the development of sustainable technologies, and one such product is lower carbon cement that can reduce the carbon emissions significantly, by up to 80 percent. The factor in turn is predicted to bolster the market growth notably in the near future.
However, low awareness about the benefits of this cement in underdeveloped regions is expected to operate as key restraint to the growth of the global lower carbon cement market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global lower carbon cement market which includes company profiling of Hoffmann Green Cement Technologies, Celitement GmbH & Co. KG, The Holcim Group, SCHWENK ZEMENT KG, HEIDELBERGCEMENT AG, Navrattan Group, Taiheiyo Cement Corporation, CEMEX S.A.B. de C.V., Votorantim Cimentos, Orient Cement Limited, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global lower carbon cement market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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