Lower Carbon Cement Industry - Regional Synopsis
On the basis of geographical analysis, the global lower carbon cement market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa region. The market in Asia Pacific industry is set to hold largest revenue share by 2037, owing to increasing population, leading to a mounting need for economic development in the region. As per the World Bank, in 2020, the population of South Asia was 1.857 billion, up from 1.836 billion and 1.814 billion in 2019 and 2018.
In addition, growing concerns associated with carbon dioxide emissions is also expected to augment the sales of lower carbon cement in the region. Moreover, the market in North America is also projected to gather a significant share during the forecast period owing to stringent regulations associated with carbon emissions, and high disposable income of the region.
