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Green Cement Market : Global Demand Analysis & Opportunity Outlook 2024

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Extensive insights into the Growth of Green Cement Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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Green Cement Market Overview

Green cement is a type of cement which is manufactured from industrial waste such as mining and quarrying wastes, burnt clay and others. Green cement is known for reducing the carbon footprint during its production process.

Further, green cement provide thermal insulation and superior fire resistance and it is widely used by residential, commercial and many other sectors. It also has the capability to resist alkali attack during climate change.   

Market Size and Forecast

The global green cement market is expected to grow at a CAGR of 10.2% over the forecast period i.e. 2017-2024. Further, green cement market is anticipated to reach USD 35.1 billion globally by 2024. The growth of green cement market is driven by various factors such as growing number of construction activities and rising awareness about the environmental risks. Likely, residential sector by end user is the fastest growing segment and it is anticipated to grow at a CAGR of 7.2% by the end of 2024. Residential sector accounts for 42.3% of the overall revenue of green cement in 2016. CLICK TO DOWNLOAD SAMPLE REPORT  

green cement

In terms of geography, Europe is expected to dominate the global green cement market over the forecast period. Additionally, Europe region in 2016 accounted for the highest market share of 36% of the overall green cement market. Europe is anticipated to witness significant growth owing to the strict regulations taken by government regarding greenhouse gas emission. The major countries witnessing the augmented demand for green cement are U.K. and France.

After Europe, Asia-Pacific is expected to dominate the green cement market over the forecast period i.e. 2017-2024. Further, the growth in this region is attributed to various factors such as rising infrastructural development, growing number of construction activities and rapid urbanization. North America is also expected to show tremendous growth over the forecast period owing to the rising awareness among the population to adopt energy saving solutions like green cement to reduce greenhouse gas emission. Furthermore, Latin America is also envisioned to expand at a CAGR of 7.9% during the forecast period.      

Market Segmentation

Our in-depth analysis segmented the global green cement system market in the following segments:

By Product Type

  • Fly Ash Based
  • Slag Based
  • Geopolymer
  • Others

By End User

  • Residential Sector
  • Commercial Sector
  • Industrial Sector
  • Others

By Region

Global green cement market is further classified on the basis of region as follows:

  • North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis

Growth Drivers and Challenges

Increasing infrastructural development and rising number of building and construction activities are believed to be the dynamic factor behind the rapid growth of green cement market across the globe. Further, rising greenhouse gases emission has led to various agencies such as United Nation (UN) and others organizations to recommended more use of green cement. This factor is expected to bolster the demand for green cement over the forecast period.  

Moreover, presence of strict government regulation for the safety of environment and maintaining the ecological balance is also envisioned to foster the growth of green cement market by the end 2024. Additionally, rising awareness of the green building concept and increasing demand for sustainable products are one of the major factors propelling the growth of green cement market globally. Furthermore, rising adoption of green cement by different sectors owing to greater resistance of green cement to extreme weather conditions, longer life and short setting time is anticipated to garner the growth of green cement market.

However, increase in the construction costs is expected to hamper the growth of green cement market over the forecast period. Moreover, lack of awareness regarding green cement is also envisioned to dampen the growth of green cement market.

Key players

The major key players for green cement market are as follows

Scope and Context

Overview of the Parent Market

Analyst View


The global green cement market is segmented as follows:

  • By Product Type Market Size & Y-O-Y Growth Analysis
  • By End User Market Size & Y-O-Y Growth Analysis
  • By Region Market Size & Y-O-Y Growth Analysis

Market Dynamics

Supply & Demand Risk

Competitive Landscape

Porter’s Five Force Model

Geographical Economic Activity

Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio

Recent Trends and Developments

Industry Growth Drivers and Challenges

Key Information for Players to establish themselves in current dynamic environment

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