Green cement is gaining popularity among green building materials market trends
The Business Research Company’s Green Building Materials Market research report expands on key drivers, trends, and opportunities for market growth.
LONDON, July 12, 2022 /PRNewswire/ — The search for better, stronger and more durable concrete has always been a priority for the construction industry. Green cement therefore appears to be the ideal option. Green cement is cement made with a carbon negative manufacturing technique. Most of the waste discarded by industry is one of the main raw materials used to make green cement. To produce green cement, blast furnace slag and fly ash are the main ingredients. The amount of carbon dioxide released during the manufacture of green cement is remarkably low, reducing the carbon footprint by 40%. It is a less expensive and ecological alternative to traditional cement because it uses industrial waste as a raw material.
In February 2021ACC Ltd., a Indiacement manufacturer in the capital, has launched ECOPact, its new range of low-carbon ready-mixed concrete. The introduction of ECOPact is crucial to advancing the transition to low carbon and circular building, reducing CO2 emissions by up to 100%.
The global green building materials market size should go from $238.91 billion in 2021 for $276.13 billion in 2022 at a compound annual growth rate (CAGR) of 15.6%. The growth of the green building materials market is expected to reach $421.64 billion in 2026 at a CAGR of 11.2%.
Types of green building materials
The main types of green building materials are structural, exterior, interior and other. The materials, equipment and elements that make up the walls, roof, foundations, stairs, associated projections and other external sections and features are called the exterior of the building. Bamboo, recycled steel and reclaimed wood are some of the green building materials used for outdoor purposes. It is used in framing, insulation, roofing, exterior cladding, interior finishing and others and is implemented in various sectors such as residential buildings and non-residential buildings.
According to the Green Building Materials Industry Report, North America was the largest market area and was worth $85.51 billion in 2021. The market for green building materials in North America is supported by increased awareness of the use of sustainable technologies for building construction and the presence of major players in the green building construction industry such as AECOM in the region. The market is also supported by government initiatives.
Awareness of the availability and functions of many of these new era green products is quite low. Information about their availability, cost, and function is limited, leading to misconceptions about long-term viability and cost savings. Hence, the lack of awareness about the benefits of eco-friendly materials in the construction industry has hampered the growth of the green building materials market.
Check out similar market reports:
Global Green Cement Market Report 2022 – By Type (Fly Ash Based, Slag Based, Recycled Aggregate, Other Types), By Application (Residential, Commercial, Industrial), By End User (New Construction Activities, repair and maintenance activities) – Market size, trends and global forecasts 2022-2026
Global Non-Residential Green Building Market Report 2022 – By Product (Indoor Products, Outdoor Products), By Application (Office, Education, Hotels & Restaurants, Retail, Institutional/Assembly, Healthcare, Warehouse) ), by Component (Roofing, Insulation, Framing, Exterior Cladding, Interior Finishing) – Global Market Size, Trends and Forecast 2022-2026
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