The Asia-Pacific Green Cement Market size is estimated at 0.75 Million tons in 2024, and is expected to reach 1.21 Million tons by 2029, growing at a CAGR of greater than 10% during the forecast period (2024-2029).
The COVID-19 pandemic affected several industries negatively. The lockdown in most Asian countries caused disruptions in cement production, as well as construction activities, restrictions in freight transportation, and disturbance of the supply chain. However, the conditions started recovering in 2021, restoring the market's growth trajectory.
Over the short term, growing construction projects in major economies like China and India, favorable government policies for the usage of green cement, and abundant availability of raw materials are major factors driving the growth of the studied market.
However, the lack of awareness regarding green cement and the rising cost of construction is likely to restrain the growth of the market.
Nevertheless, research and development of novel products as raw materials for green cement will likely create lucrative growth opportunities for the global market.
China represents the largest market over the forecast period due to the increasing adoption of green cement in its construction projects.
The Asia-Pacific green cement market is partially consolidated in nature. The major players include (not in any particular order) JSW Cement, UltraTech Cement Ltd., TAIHEIYO CEMENT CORPORATION, Kiran Global Chem Limited, and Navrattan Group, among others.
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