Global Green Cement Market Size Was Worth USD 20.962 billion in 2020 and Is Projected to Grow to USD 40.916 billion by 2026

Global Green Cement Market Size Was Worth USD 20.962 billion in 2020 and Is Projected to Grow to USD 40.916 billion by 2026

Green Cement: Introduction

Cement that requires less energy to make and releases fewer carbon emissions is known as eco-friendly (or green) cement. It is a type of environment-friendly concrete. It is made from power plant wastes, concrete wastes such as slag, mining and quarrying waste and recycled concrete.  

Green cement is less prone to the rate of shrinkage and is also more durable than conventional cement. When compared to traditional cement, green cement uses less natural resources for its production and emits lesser carbon dioxide. The structures constructed with green cement have a higher resistance to fire and also have greater corrosion resistance and significantly greater resistance to fire (up to 2400 deg / F)

The Global Green Cement Market Forecast: 

The market for global green cement is predicted to grow at the rate of compound annual growth of 11.79 percent in the next forecast period. It is expected to reach a worth US$40.916 billion by 2026, from US$20.962 billion in 2020.

The cement industry in the world is confronting particular challenges arising from the growth in environmental concerns, the scarcity of raw materials and the depletion of fossil reserves of fuel. According to estimates, on average, one kilogram of Portland cement produces about 6 percent of global man-made carbon emissions, significantly contributing to current environmental challenges. This causes the release of large quantities of carbon dioxide and greenhouse gases that has forced many construction companies, government officials and architects to go for eco-friendly solutions like development and the use of green cement.

The increasing construction activity, owing to urbanization and population growth, is expected to propel the growth of the market for green cement. In addition, the supply of raw materials, as well as the increasing acceptance of green building concepts, are major factors that are expected to propel growth in the global market during the forecast time. Additionally, the increasing demand and efforts to reduce carbon emissions due to the current environmental challenges act as a trigger to fuel further growth of the market. In addition, the development of innovative products and the introduction of new flavours from manufacturers are other reasons that are expected to boost growth in that market over the near term.

Market Trend and Dynamics of the Global Green Cement Market:

There is a rise in demand for the Residential Industry:

The increasing quantity of building codes, as well as policies that mandate energy-efficient buildings, have led to the rise of green cement in the residential market.

In particular, the latest codes of energy in Canada has demanded continuous insulation at a lower grade in coatings for residential structures in recent years. Emerging economies, including India, also are seeing the growing need for sustainable cement.

In the wake of the increasing demand for environmentally friendly products, and the enactment of strict carbon emission regulations, the emphasis on the creation of zero-waste areas is growing.

In addition to that, in North America, stringent regulations of the U.S. Environmental Protection Agency (EPA) in relation to GHG emissions are driving the demand of consumers for clean energy sources.

Additionally, the growing awareness among consumers, particularly in developed countries, about the energy savings of green homes is expected to propel the market for green cement for residential properties during the forecast time.

The demand in the North American Region Will be dominated by the United States:

The demand for new houses within the United States has been increasing over the last few years due to the population growth and the rising incomes of consumers in the United States.

With the increasing trend of multi-family construction and the increase in people moving to cities and cities, the U.S. Census Bureau has been offering more permits for building new residential homes.

A decrease in household size is also a major element in the increase of new construction homes across the United States, with single-family housing increasing at a rapid rate.

The United States leads the North American cement market, mostly because of the numerous tax incentives and certifications offered in these regions for green building.

Furthermore, the above factors, as well as the growing emphasis on green building, have created opportunities for the use of green cement utilized in the construction industry in a steady manner in the coming years.

The Key Market Segmentation of the Global Green Cement Market: 

Global Green Cement Market can be divided into Product Types, Packaging Types, End-User / Applications, and Geographical landscapes, etc. 

Green Cement Market Segmentation By Product Type:

  • Limestone-Based
  • Fly Ash-Based
  • Silica Fume-Based
  • Slag-Based
  • Others

Green Cement Market Segmentation By Product Application:

  • Residential
  • Non-residential
  • Others

Green Cement Market Segmentation by Geographical Landscape:

  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East and Africa

Major Key Players in the Global Green Cement Market Are:

  • HeidelbergCement AG (Germany)
  • LafargeHolcim Ltd. (Switzerland) 
  • UltraTech Cement Ltd (India) 
  • Calera Corporation (U.S.)
  • Taiwan Cement Corporation (Taiwan) 
  • Ecocem Ireland Ltd. (Ireland) 
  • ACC Limited (India)
  • Ceratech, Inc (U.S.) 
  • Taiheiyo Cement Corporation (Japan) 
  • Solidia Technologies, Inc. (U.S.) 
  • Cenin Cement (U.K.)

The Global Green Cement Market Report Highlights:

  • North America is expected to be the dominant market in the world in the coming forecast time.
  • In 2016, Europe represented the biggest percentage of the market due to strict regulations regarding carbon emissions as well as the increased taxes that are imposed for industrial emissions. But, Asia-Pacific is expected to surpass Europe's share in the forecast time.
  • The positive efficiency of HBC (High Belite Cement) in China could be seen as an opening in the coming years.
  • The commercial segment is predicted to become the largest and most profitable for investment in the market, being followed by the residential sector between 2017 and 2023.
  • The increase in demand for green cement within commercial spaces has been fueled by the growth in its use in commercial establishments like offices, shopping malls, theatres, hospitals, and other places of business.

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