The global Green Cement Market size was USD 28 Billion in 2022 and is expected to reach USD 91.05 Billion in 2032, and register a rapid revenue CAGR of 14% during the forecast period. Rising demand for environment-friendly and sustainable building materials, increasing public awareness about damaging environmental effects of conventional cement production, and strict government regulations on carbon emissions from the construction industry are major factors driving market revenue growth.
Low-carbon cement, commonly referred to as green cement, is a form of cement made with eco-friendly components and procedures. In comparison to conventional cement, green cement has a smaller environmental impact and lowers carbon footprint of construction activities. Demand for green cement in the worldwide construction sector is rising as popularity of green buildings and sustainable construction techniques increases.
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Top Leading Players In The Global Green Cement Market Are:
Anhui Conch Cement Co., Ltd., Cemex, China National Building Material Co., Ltd. (CNBM), Italcementi, HeidelbergCement, Navrattan Blue Crete Industries Pvt., Ltd, Siam Cement Group Public Company, Holcim Group, UltraTech Cement Limited, and Taiheiyo Cement Corporation
Some Key Highlights From the Report
- In July 2021, Holcim group launched EcoPlant global range of green cement, which reduces carbon footprint by 30% without comprising performance. It is available in Romania, Germany, Switzerland, France, Spain, Italy, and Canada and is expected to be distributed across 15 countries in 2021 to enable low-carbon construction at scale. This is the first cement in the world containing 20% recycled construction and demolition waste, advancing the NetZero vision of the company in a nature-friendly manner.
- Fly ash segment is expected to account for largest revenue share in the global green cement market over the forecast period owing to its easy availability and cost-effectiveness. Growth in the construction industry in developing countries is leading to a rise in consumption of sustainable construction materials like green cement. Consequently, this is also driving the demand for fly ash because it is considered a crucial raw material needed for the production of green cement.
- New construction activities segment is expected to register significant revenue growth over the forecast period. Increasing interest on the energy saving solution is associated with new construction activities and the need for greater environmental protection. These trends are resulting in the growing utilization of green cement in the construction industry.
- Residential segment is expected to account for a considerable revenue share in the global green cement market. Favorable government policies for construction of green residential buildings to improve energy conservation and establishment of building codes by setting minimum energy standards for new buildings are driving the demand for sustainable construction materials.
- The green cement market in North America is expected to account for largest revenue share over the forecast period. Presence of stringent regulations regarding the emission of greenhouse gas during cement production and establishment of National Emission Standards for Hazardous Air Pollutants (NESHAP) for the Portland cement manufacturing industry and standards of Performance for Portland cement plants by Environmental Protection Agency (EPA) are resulting in more production of green cement in order to comply with the regulations.
Segments covered in the report:
Type Outlook (Revenue, USD Billion; Volume, Kilo Tons, 2018-2028)
- Fly Ash Market
- Recycled Aggregate Market
- Slag Market
- Others
End Use Outlook (Revenue, USD Billion; Volume, Kilo Tons, 2018-2028)
- New Constructions Activities
- Repair & Maintenance Activities
Application Outlook (Revenue, USD Billion; Volume, Kilo Tons, 2018-2028)
- Residential
- Commercial
- Industrial
- Others
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Green Cement Market Upcoming Growth:
Green cement is a type of cement that is produced using industrial waste materials or byproducts, such as fly ash, slag, and silica fume, instead of traditional raw materials like limestone and clay. The production of green cement results in lower carbon dioxide emissions and energy consumption, making it an environmentally friendly alternative to traditional cement.
The growing demand for sustainable construction materials, coupled with the increasing awareness about the environmental impact of traditional cement production, is expected to drive the growth of the green cement market in the near future.
Moreover, various governments and organizations are implementing regulations and incentives to encourage the use of green cement in construction projects, which is expected to contribute to the market growth.
Additionally, advancements in technology and innovation in the development of green cement, such as the use of nanotechnology and biotechnology in the production process, are expected to fuel the market growth further.
Overall, the green cement market is expected to experience substantial growth in the coming years, driven by factors such as the demand for sustainable construction materials, government regulations, and technological advancements.
Regional Outlook:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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