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.