Green Cement Market Size & Share, by Product (Fly Ash Based, Slag Based Concrete, Geo-polymer, Silica Fume Based); Application (Mass Construction, Bridges, Roads); End-user (Commercial, Infrastructural, Industrial) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 363
  • Published Date: Sep 04, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

Green Cement Market size was valued at USD 36.29 billion in 2023 and is set to cross USD 131.34 billion by 2036, registering more than 10.4% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of green cement is evaluated at USD 39.31 billion.

The growth of the green cement market can be attributed to the increasing adoption of green construction practices, combined with massive increase in construction activities to support the growing population. According to the data by the International Energy Agency, buildings construction is responsible for over 33% of global final energy consumption, and 40% of the carbon dioxide emissions. The green construction initiatives are being extensively adopted owing to the rising environment awareness regarding pollution caused by various construction activities, including production of cement. Energy consumption accounts for around 20 to 40% of production costs of cement, as more than 2oo kg of coal is used to manufacture 1 ton of cement. On the other hand, green cement is produced by recycling waste material, such as, fly ash, or silica fumes, which makes the concrete environment friendly. Such factors are estimated to boost the market growth. Furthermore, green concrete offers greater strength and resistance against weather conditions and other damages, which is also expected to propel its demand over the forecast period.  


Green-Cement-Market
Get more information on this report: Request Free Sample PDF

Green Cement Sector: Growth Drivers and Challenges

Growth Drivers

  • Growing Adoption of Sustainable Construction
  • Environment Friendly Nature of Green Cement

Challenges

  • Increase in the Construction Costs
  • Lack of Awareness Regarding Green Cement

Green Cement Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

10.4%

Base Year Market Size (2023)

USD 36.29 billion

Forecast Year Market Size (2036)

USD 131.34 billion

Regional Scope

  • North America (U.S., and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, South Korea, Malaysia, Australia, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
Get more information on this report: Request Free Sample PDF

Green Cement Segmentation

The market is segmented by application into mass construction, bridges and roads, and others, out of which, the mass construction segment is anticipated to hold the notable share in the global green cement market over the forecast period on account of high strength delivered by green cement, which is required for mass construction projects, such as, dams, retaining walls, and drains. Moreover, a large quantity of cement is required for such massive projects, and use of traditional cement can negatively impact the environment. This is why, the use of green cement is popular for larger construction. 

Our in-depth analysis of the global market includes the following segments

By Product

  • Fly Ash Based
  • Slag Based Concrete
  • Geo-polymer
  • Silica Fume Based 
  • Others

 

By Application

  • Mass Construction
  • Bridges and Roads
  • Others

By End-User

 

  • Commercial
  • Infrastructural
  • Industrial
  • Others

Want to customize this research report as per your requirements? Our research team will cover the information you require to help you take effective business decisions.

Customize this Report

Green Cement Industry - Regional Synopsis

APAC Market Statistics

On the basis of geographical analysis, the global green cement market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Asia Pacific is estimated to hold largest revenue share by 2036, on the back of increasing construction activities to accommodate the growing population, along with rising government initiatives to curb the pollution levels.

North America Market Analysis

The green cement market in the North America region is anticipated to gain the largest market share throughout the forecast period owing to the increasing environment concerns amongst the population as well as the government authorities. The adoption of green construction practices in the developed countries, backed by presence of major market players are estimated to boost the market growth. According to the data by the U.S. Green Building Council, buildings are responsible for around 40% of the CO2 emissions in the United States.

Research Nester
chemicals Graph
Get more information on this report: Request Free Sample PDF

Companies Dominating the Green Cement Landscape

    • Holcim Ltd.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis 
    • Navrattan Group
    • Ecocem Ireland Ltd.
    • Kiran Global Chem Limited
    • Heidelbergcement AG
    • Votorantim Cimentos
    • Minerals Technologies Inc.
    • Taiheiyo Cement Corporation
    • CEMEX S.A.B. de C.V.
    • Calera Capital

In the News

  • March, 2021: Taiheiyo Cement Corporation to set up a new production line at Taiheiyo Cement Philippines starting from April, 2021.

  • March, 2020: Calera Capital announced the acquisition of Thayer Power & Communication, to upgrade services for the utility and telecommunications industries.

Author Credits:  Rajrani Baghel


  • Report ID: 363
  • Published Date: Sep 04, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of green cement is evaluated at USD 39.31 billion.

Green Cement Market size was valued at USD 36.29 billion in 2023 and is set to cross USD 131.34 billion by 2036, registering more than 10.4% CAGR during the forecast period i.e., between 2024-2036. The growing adoption of sustainable construction practices will boost the market growth.

Asia Pacific is estimated to hold largest revenue share by 2036, on the back of increasing construction activities to accommodate the growing population, along with rising government initiatives to curb the pollution levels.

The major players in the market are Navrattan Group, Ecocem Ireland Ltd., Kiran Global Chem Limited, Heidelbergcement AG, Votorantim Cimentos, Minerals Technologies Inc., Taiheiyo Cement Corporation, CEMEX S.A.B. de C.V., and Calera Capital.
Green Cement Market Report Scope
logo
  GET A FREE SAMPLE

FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.

 Request Free Sample Copy

Have questions before ordering this report?

Inquiry Before Buying
Inquiry Before Buying Request Free Sample