Fly Ash Segment is Anticipated to have the Largest Saudi Arabia Green Cement Market
Growing construction
projects in the nation are the main factors propelling the growth of
Saudi Arabia Green Cement market in 2024-2028.
According to TechSci Research report, Saudi Arabia Green Cement Market- By Region,
Competition Forecast & Opportunities, 2018-2028F, the Saudi Arabia Green Cement Market is expected to register
robust growth during the forecast period, 2024-2028. Green cement consumes less
water than traditional cement and is the primary factor driving its increased
use in more and more construction projects. In addition, it has high fire resistance
and good thermal insulation, allowing structures made with green cement to
survive temperatures of up to 2400F. Green
cement is renowned for providing exceptional insulation. Hence, it also renders
the system resistant to moisture, giving it a superior defence against
corrosion.
Furthermore,
it offers superior resistance to alkali attack during weather changes which is
why green cement is frequently employed in a variety of building &
construction projects. Green cement is renowned for minimizing carbon emissions by
roughly 40–50% during the production process due to which the market is
expected to grow in 2024-2028 with a high CAGR. Additionally, green cement
can reduce the use of freshwater in RMC by around 50%. The use of green cement
is anticipated to rise as green building efforts and the need for sustainable
cement for green building construction expands. Due to its resistance to
temperature fluctuations, green cement can save on cooling and heating
expenses.
The
high expenditure needed to produce green cement is anticipated to negatively
impact market expansion. Many producers and customers are reluctant to invest
in green cement because of the risk involved in a new product or production
method. Compared to the manufacturing of OPC, green cement has considerably
higher end setup and production expenses. A lack of knowledge about the product
in the building sector in many nations and among many customers is negatively
impacting its demand.
Browse over XX market data Figures spread
through XX Pages and an in-depth TOC on the "Saudi Arabia Green Cement Market".
The Saudi Arabia Green
Cement Market is segmented based on product type, application, and end user. Based
on end-user, the market is divided into new
construction, repair, and maintenance. Based on product type, the
market is divided into fly ash-based, slag-based, limestone-based,
silica fume-based, and others. Throughout the projected period, the category
fly ash is anticipated to have the most significant market share in the Saudi
Arabial green cement market. Only Class-F and Class-C varieties of fly ash are
used. Due to its pozzolanic qualities, fly ash is used in concrete mixes to
replace around 30% of the mass of ordinary Portland cement to reduce early heat
evolution and permeability. Because fly ash is a key raw material needed to
produce green cement, its demand is driven by rising building activity in
emerging nations.
Based
on application, the market is divided into residential,
commercial, industrial, and others. The residential segment is expected to
record consistent revenue growth. Construction of more energy-efficient
residential buildings is encouraged by rising construction activity and the use
of sustainable building materials due to the growing urban population growth. Establishing
building rules and supportive governmental policies for the construction of
green buildings is helping the construction industry's need for green cement.
Additionally, rising consumer awareness of the advantages of green buildings in
terms of energy efficiency, prudent fuel use, and health benefits is also contributing
to its growth.
Major market players in the Saudi Arabia Green Cement
Market are: -
- Kiran Saudi Arabia Chems
- Anhui Conch Cement Company
- CEMEX, S.A.B. DE C.V
- Italcementi
- LafargeHolcim
- CeraTech
- Calera Corporation
- Heidelberg Cement AG
- Navrattan Blue Crete
Industries Pvt.
- Siam Cement Public Company
(SCG)
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“The rising demand from
projects with a fast-expanding infrastructure and emerging needs, manufacturers
in the green cement sector is propelling the market growth in future. The green
cement industry is expected to increase in the coming years, due to escalating
industrial activity and quick urbanization. Collaboration with small- and
medium-scale manufacturers is also helping major industry participants in the Saudi
Arabia green cement market to grow their businesses.,"
said Mr. Karan Chechi, Research Director with TechSci Research, a research-based
global management consulting firm.
Saudi Arabia Green Cement Market segmented by
Product Type (Fly Ash Based, Slag Based, Limestone-Based, Silica Fume-Based,
Others), By Application (Residential, Commercial, Industrial, Others), By End
Use (New Construction, Repair and Maintenance), By Region, Competition Forecast
& Opportunities, 2018-2028F has evaluated the future growth potential of Saudi Arabia Green Cement Market and
provides statistics & information on market size, structure, and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision-makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Saudi
Arabia's Green Cement Market.
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