Sanjay Joshi, Chief Manufacturing Officer, Nuvoco: Our product portfolio includes 80% blended cement
The need for sustainable infrastructure, energy efficiency and cost effectiveness are the key factors driving the blended cement market in India. Most importantly, it can lead to a significant reduction of the carbon footprint of concrete. Cement companies across the globe are using blended cement or supplementary cementitious materials (SCMs) not just to meet government guidelines towards clean energy, but also to improve the workability of fresh concrete, increase strength and enhance the durability of concrete. As per Technavio’s market research report, the supplementary cementitious materials market size is set to grow by USD 6.3 billion accelerating at a CAGR of almost 6%, during the period spanning over 2020-2024. The key factors driving this growth are identified as -- the increase in building and construction activities, increasing investments in industrial parks and major infrastructural projects, the emergence of environment-friendly cement technology, and most importantly the rising need for sustainable infrastructure.