The leading five players held a 51% share in the global green cement market in 2015, notes a recent market study by Transparency Market Research. The key leading players are Heidelberg Cement AG, Lafrage S.A., Taiheyo Cement Corporation, China Building Material, and CEMEX S.A.B. de C.V. Mergers and acquisitions for capacity expansion is the focus of key players in this market, says a TMR analyst. “Continual focus on technological advancements and product differentiation are the sought-after winning strategies of these companies,” says the lead author of the study. The global green cement market is projected to reach a valuation of US$38.10 bn by 2024 increasing from US$14.80 bn in 2015 at a CAGR of 11.3% therein. Asia Pacific to Remain at Forefront Due to Booming Construction Sector In terms of application, residential sector is expected to lead the market due to the growing population density in urban areas. The increasing demand for residen...
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