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North America green cement market to garner significant revenues through 2026

Author : Ronak Bora | Published Date : 2021-01-16 

The North America green cement market was valued at $115 million in 2019 and is anticipated to rise at a 5% CAGR between 2020 and 2026. As the concerns regarding the global carbon footprint amplify, addressing the issue of greenhouse gas emissions has become more imperative than ever. A staggering 39% of the total carbon dioxide emissions across the world can be attributed to the CO2 emissions originating from construction activities across the world, according to a 2019 report by Global Alliance for Buildings and Construction (Global ABC).

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To that end, numerous countries have been actively promoting greener alternatives in the region under policies such as the French RE2020. Driven by similar efforts, by 2026, the North America green cement market is set to achieve revenue worth $130 million.

The following top three trends are transforming the North America green cement market dynamics:

Supported by government policies, distinct growth of US on the cards

The US has been prioritizing reduction of carbon emissions since over a couple of decades or so. The net emissions across the nation dropped by a sheer 12% from 2005 to 2017, according to the findings of the Center for Climate and Energy Solutions. It has also predicted that by 2025, the CO2 emissions across the US would be far below the required amount to address the issue of climate change, between 14 and 18% below those registered during 2005.

Moreover, the United States Environmental Protection Agency (EPA) has been implementing numerous regulations pertaining to the emissions from construction equipment. A comprehensive national program has also been adopted by the EPA under multiple tiers of emission related standards. This is likely to improve the regional growth prospects, leading to an increase in the North America green cement market share.

Slag-based segment to soar due to multiple advantages

The slag-based green cement segment is expected to contribute a major share toward the total revenue in the North America green cement market by 2026. Slag-based green cement is produced from a by-product of the steel industry. When combined with an effective alkali, this type of green cement can offer a hydraulic concentration of magnificent strength. Apart from bringing down carbon emissions, the product requires relatively less heat in its calcination process.

Moreover, slag-based cement is highly compressive, apart from being resistant to aggressive chemicals. It also exhibits superior workability and improved finesse with higher flexural strengths. These advantages offered by the slag-based green cement are likely to push the North America green cement market share further.

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Market to benefit as industry leaders offer competitive and compliant range of products

The competitive landscape of the North American green cement industry appears to be rife with battles, as new players have been making a debut with innovative solutions. For instance, in February 2020, Canada based green cement startup Nexii Biuildings Solutions Inc. introduced a superior quality carbon-intensive material, Nexiite, which features near-zero carbon emissions compared to conventional cement. Nexii aims to construct net-zero buildings in the future – that is to say, these buildings will produce as much or almost as much energy as they use, every year.

The North America green cement market is thus a fertile ground, ready for the seeds of exponential growth. Driven by rising efforts by the private sector and the governments alike, the region is bound to depict commendable advancement in the deployment of green cement.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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