Economy & Market

Green cement market to reach $37.76 billion by 2024

Published

9 years ago

September 5, 2016

admin

The global green cement market is expected to reach $37.76 billion by 2024, according to a new report by Grand View Research, Inc. Growing awareness regarding reduction in carbon emissions and its detrimental effect on the environment will fuel market growth. Its ability to reduce carbon emissions and improve the setting time and curing time of the cement will eventually have a significant impact on the penetration of the product over the next eight years.
Companies are continuously improving technology by undertaking research and development. Several companies are blending mixtures of various raw materials to get the best possible cost-effective solution for the production of green cement. Green cement is expected to act as a direct substitute for the traditional Portland cement over the next eight years. Asia Pacific will be a high potential market over the next eight years on account of rapid infrastructural development in China, India, and the Southeast Asia.

Concrete

Shree Cement reports 2025 financial year results

Published

6 days ago

June 17, 2025

admin

Shree Cement posted revenue of US$2.38 billion for FY2025, marking a 5.5 per cent decline year-on-year. Operating costs rose 2.9 per cent to US$2.17 billion, resulting in an EBITDA of US$528 million—down 12 per cent from the previous year. Net profit fell 50 per cent to US$141 million. The company reported cement sales of 9.84Mt in Q4 FY2025, a 3.3 per cent increase from 9.53Mt in Q4 FY2024, with premium products making up 16 per cent of total sales.

Image source:https://newsmantra.in/

Concrete

Rekha Onteddu to become director at Sagar Cements

Published

6 days ago

June 17, 2025

admin

Sagar Cements has announced the appointment of Rekha Onteddu as a non-executive independent director, effective 30 June 2025. According to People in Business News, Rekha Onteddu is currently serving in a similar capacity at Andhra Cements, the parent company of Sagar Cements.

Image source:https://sagarcements.in/

Concrete

India’s cement consumption set to rise

Published

6 days ago

June 17, 2025

admin

According to a Moody’s report, India’s cement consumption is projected to rise by 50 per cent over the next five years, increasing from 445 million metric tons per annum (MMTPA) in FY24 to 670 MMTPA by 2030. This growth is expected to be driven by government infrastructure spending and rising housing demand, with an anticipated annual growth rate of 6-7 per cent. To meet this demand, major cement companies are likely to continue acquiring smaller, less profitable firms.

Image source:https://www.telegraphindia.com/