Europe Green Cement Market Insights Forecasts to 2032
- The Europe Green Cement Market Size was valued at USD 8.1 Billion in 2022.
- The Market is growing at a CAGR of 5.92% from 2022 to 2032.
- The Europe Green Cement Market Size is expected to reach 14.4 Billion by 2032.
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The Europe Green Cement Market Size is expected to reach USD 14.4 Billion by 2032, at a CAGR of 5.92% during the forecast period 2022 to 2032.
Green cement is made from waste materials such as recycled concrete, slag, quarrying and mining waste, and power plant trash. Since its environmentally benign features, the product is in high demand as a replacement for porcelain cement. Rising concern about carbon dioxide emissions and their impact on green cement is a product that is safe for the environment and reduces the carbon footprint of cement manufacture. It has high early durability, adaptability, crack resistance, minimal chloride permeability, sulphate attack resistance, resilience, corrosion resistance that is more than three times that of conventional cement, and freezing and thawing resistance that is greater than that of conventional cement. the environment is likely to drive product demand over the forecast period. Globally, Europe is now the leading exporter of green cement. Nations in European Union (EU) both established and emerging, are constantly enacting favorable policies that reduce trade volatility and increase economic stability. Several countries, like Germany, France, Spain, and Italy, have seen an increase in FDI inflows, which are expected to stimulate the demand for the domestic building industry. Furthermore, green buildings are more likely to withstand fire, even at temperatures as high as 2,400°F. These factors will increase the need for a green cement market in Europe in the forecast period.
This research report categorizes the market for Europe Green Cement Market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Europe Green Cement Market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Europe green cement market.
Europe Green Cement Market Report Coverage
|Market Size in 2022:||USD 8.1 Bn|
|Forecast Period:||2022 – 2032|
|Forecast Period 2022 – 2032 CAGR:||5.92%|
|022 – 2032 Value Projection:||USD 14.4 Bn|
|Historical Data for:||2020-2021|
|No. of Pages:||200|
|Tables, Charts & Figures:||150|
|Segments covered:||By Type, By Application, By Country.|
|Companies Covered:||Anhui Conch Cement Company, Heidelberg Cement, LafargeHolcim, CEMEX, Navrattan Blue Crete Industries, Siam Cement Public Company, CNBM, CarbonCure Technologies Inc, CRH plc and Others.|
|Pitfalls & Challenges:||COVID-19 Empact, Challenge, Future, Growth, & Analysis|
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The rising demand for residential buildings Europe region will encourage the products greatly. The market is also expected to be boosted by rising population, urbanization, and increased residential buildings as consumer disposable income rises. In addition, the growing number of building laws and codes requiring energy-efficient structures has aided in the product's adoption in the residential sector. Furthermore, the refurbishment of old buildings in the UK, Italy, Poland, Sweden, and France is primarily responsible for the rise of the green cement market in Europe. Moreover, the increasing price of energy and dwindling fuel supplies have increased the demand for environmentally friendly green cement. Rising worries over GHG emissions from the building industry have driven up cement market prices as producers face additional costs, such as green taxes if emissions are not reduced. Environmental Permitting Regulations (EPR) and Pollution Prevention Control (PPC), as well as other European authorities, have adopted legislation and incentives, such as quarrying and extraction taxes, to restrict industrial sector operations. These factors will have a substantial outcome on the adoption of green cement in the accelerated in forecast period.
Since the production of green cement necessitates substantial infrastructure, competent labor, and a robust supply network, cement producers frequently contemplate taking risks when investing in this market. As a result, changes in production technology from conventional to greener options make cement firms financially risky. Furthermore, the lack of understanding about the benefits of this type of cement in rural regions boosts demand for substitute goods. As, lack of knowledge, advanced manufacturing, and expensive technology expenses may restrain product adoption during the analysis period.
- In 2022, the fly ash-based segment accounted for the largest revenue share over the forecast period.
Based on the type, the Europe green cement market is segmented into fly ash-based, slag-based, and recycled aggregates. Among these, the fly ash-based segment has the largest revenue share over the forecast period. The increased acceptance of fly ash as a sustainable alternative to portland cement is driving demand. Fly ash-based slag replaces 15-30% of the portland cement in mass concrete constructions. Using fly ash in Portland Cement Concrete (PCC) helps to improve concrete performance and plastic concrete workability. It gives the concrete durability and strength. This can lower the amount of cement needed while also diverting trash away from landfills.
- In 2022, the residential segment accounted for the largest revenue share over the forecast period.
On the basis of application, the Europe green cement market is segmented into residential, commercial, and industrial. Among these, the residential segment has the largest revenue share over the forecast period. The increased consumer desire for environmentally friendly buildings to improve their standard of living and preserve wellness is propelling the residential segment forward. Furthermore, government-backed requirements for green building construction encourage product uptake and boost the residential industry.
- In 2022, the Germany segment is expected to hold the largest share of the Europe green cement market during the forecast period.
Based on the country, the Europe green cement market is classified into Germany, the UK, France, Italy, Spain, Russia, Rest of Europe. Among these, the Germany segment is expected to hold the largest share of the Europe green cement market during the forecast period. Rising product usage in commercial buildings will drive the market forward in the approaching years. The rise is mostly due to increased use in the construction of shopping malls, office buildings, hospitals, and theatres. Additionally, Exceptional cement qualities such as rapid setting time, compressive strength, and greater weather resistance are predicted to aid the region's expansion.
The report offers the appropriate analysis of the key organizations/companies involved within the Europe green cement market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Companies
- Anhui Conch Cement Company
- Heidelberg Cement
- Navrattan Blue Crete Industries
- Siam Cement Public Company
- CarbonCure Technologies Inc
- CRH plc
Key Target Audience
- Market Players
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
- On January 2023, The European Union aims to complete up to five trade treaties in record time to secure its future as a clean tech leader by securing vital raw material sources, expanding markets for green exports, and decreasing its reliance on China.
This study forecasts revenue at global, regional, and country levels from 2021 to 2032. Spherical Insights has segmented the Europe green cement market based on the below-mentioned segments:
Europe Green Cement Market, By Type
- Fly Ash-based
- Recycled Aggregates
Europe Green Cement Market, By Application
Europe Green Cement Market, By Country
- Rest of Europe
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