LONDON--(BUSINESS WIRE)--Technavio’s latest report on the global cement market provides an analysis of the most important trends expected to impact the market outlook from 2017-2021. Technavio defines an emerging trend as a factor that has the potential to significantly impact the market and contribute to its growth or decline.
Mahitha Mallishetty, a lead analyst from Technavio, specializing in research on metals and minerals sector, says, “By consumption volume, the global cement market is expected to grow at a moderate growth rate, and by revenue, it is expected to grow at a high rate during the forecast period. Markets in APAC and MEA will have high growth rates due to the increasing population, helping the building and construction industry to expand exponentially.”
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The top three emerging trends driving the global cement market according to Technavio research analysts are:
Use of alternative fuels
Alternative fuels such as waste oil, solvents, non-recyclable plastics, pre-treated industrial and municipal wastes, textiles, and paper residues; biomass such as animal meal, wood chips, waste wood, rice husk, sawdust, and sewage sludge; and unrecyclable tires from abandoned dumps have also been used successfully in many jurisdictions.
“A cement kiln is generally operated with coal. The use of alternative fuels in cement kilns mitigates carbon dioxide emissions during the cement production process. Waste is exchanged to the cement kiln, replacing a quantity of coal in proportion to its calorific value,” according to Mahitha.
Creative progress has brought improvements in production volumes of the cement manufacturers. However, higher production volumes have also resulted in an increase in the primary source of air pollution across the globe. The primary reason for air pollution in the cement business includes excavation activities, conveyer belts, crushing mills, and kiln emissions.
LafargeHolcim researchers are working to develop a cement type, which will be suitable to diverse customer needs while declining the impact of the products such as MaxCem, General Use (GU) Hydraulic Portland cement, and others on the environment.
Rising demand for green cement
The rise in construction and building activities is the primary growth initiator for the global green cement market. The demand for green cement is accelerating the growth of alternative fuels that are derived from waste materials such as, solid recovered fuels, foundry sand, used oils, sewage sludge, animal meals, filter cakes, and fly ashes.
The resistance offered by green cement to several construction projects for less alkali compound in comparison to OPC is expected to play an important role in the market’s development. The upcoming projects such as nuclear power plants, the construction of bridges and pavements, and other infrastructural developments are expected to present a high demand for lucrative opportunities to the overall market.
The key vendors are as follows:
- Anhui Conch Cement
- CNBM International
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