Collaborations and Partnerships to Reduce Carbon Emissions In The Global Cement And Concrete Product

The Business Research Company’s cement and concrete product manufacturing global market opportunities and strategies to 2022, covers the year-on-year growth of the global cement and concrete product manufacturing market historic and forecast growth. It also includes chapters on the cement and concrete product manufacturing market trends, geographical analysis, and competitive landscape.

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The global cement and concrete product manufacturing market is forecast to grow at a CAGR (compound annual growth rate) of around 7 % to 2022.

Cement And Concrete Product Manufacturing Market Trends

The cement and concrete product manufacturing industry comprises businesses that manufacture cement, concrete and related products, including concrete pipes, bricks, and paving blocks. This industry includes the manufacturing of Portland cement, natural cement, masonry cement, pozzolanic cements, ready-mix concrete, and related products.

Companies in the cement and concrete products manufacturing market are collaborating to encourage research on the industry’s high carbon footprint. The Low Carbon Technology Partnership initiative (LCTPi) of World Business Council for Sustainable Development (WBCSD) is a group of cement industry leaders who plan to reduce CO2 emissions by 20-25% by 2030. The group aims to adopt substitutes of fuel components, develop new low carbon components, and improve the production process. The LCTPi has obtained CEO agreements and commitments from the 16 big cement companies around the globe. LEILAC (Low Emissions Intensity Lime And Cement) is a €21 million research and innovation project under the European Union Horizon 2020 (H2020) plan. It comprises of major players in the lime and cement industry across Europe. They plan to reduce carbon emissions using carbon capture technology provided by Calix.

The global cement and concrete product manufacturing market is primarily driven by Government Initiatives to Boost Housing, Low Interest Rates and Increasing Infrastructure Spending.

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The global cement and concrete product manufacturing market report covers the following regions under the geographical analysis section: Asia Pacific, Western Europe, North America, Middle East, Africa, South America, and Eastern Europe. Major countries under each of these regions are also covered under the country analysis chapters.

With economic growth, supply chain simplification, changing government policies and urbanization, the global cement and concrete product manufacturing market is expected to increase in potential and scope. TBRC’s report also covers the cement and concrete product manufacturing drivers and restraints in the market.

The global cement and concrete product manufacturing market’s segment shares in each geographic region are mentioned in the report, along with the historic and forecast growth rates for each segment presented visually with supporting reasons to justify the growth rates.

The top companies included in the global cement and concrete product manufacturing market report are Lafarge, CRH Plc, Cemex, China Resources, Companhia Siderurgica Nacional S.A. and others.

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