Product ID: SQMIG15F2081
Global Green Cement Market Size, Share, Growth Analysis, By Product(Fly-Ash Based, Slag Based), By End Use(Commercial Sectors, Residential Sector) - Industry Forecast 2024-2031
Report ID:
SQMIG15F2081 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
65 |
Figures:
75
Global Green Cement Market Insights
Green Cement Market size was valued at USD 28.48 billion in 2019 and is poised to grow from USD 32.28 billion in 2023 to USD 73.1 billion by 2031, growing at a CAGR of 10.76% in the forecast period (2024-2031).
A carbon-negative manufacturing process is used to create green cement, an environmentally beneficial cement. The primary waste products from the industry make up the majority of the raw materials utilised to make green cement. The primary components utilised in the production of green cement are fly ash and blast furnace slag. Fly ash, recycled concrete aggregates, and fibres from aluminium cans are the three new raw materials used to make green concrete. A waste product from coal power plants, fly ash is frequently dumped in ponds and landfills. Examples of green cement include Ekkomaxx cement, magnesium oxychloride cement, geopolymer cement, ferrocrete, calcium sulfoaluminate cement, and sequestrated carbon cement.
The increased awareness of the need to reduce carbon emissions and their harmful effects on the environment is the driver of the global market for green cement. Additionally, compared to standard cement, green cement offers better functionality, uses fewer natural resources in production, and emits less carbon dioxide, leading to higher market penetration during the projection period. Additionally, strict environmental rules, government programs to amend tax laws, and grants for the manufacturing of green products are anticipated to encourage market expansion.
US Green Cement Market is poised to grow at a sustainable CAGR for the next forecast year.
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Global Green Cement Market Segmental Analysis
Global green cement market is segmented based on the product, end use, and region. Based on the product, the global green cement market is segmented as fly-ash based, slag based, recycled aggregates, and others. Based on end use, the global green cement market is segmented as commercial sectors, residential sector, industrial sector, others, and others. Based on region Green Cement Market categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Green Cement Market Analysis by Product
Based on the product, in 2019, the market share for fly-ash-based green cement was 40%. Its mixing techniques result in the least amount of carbon dioxide production. One of the main factors contributing to this product's rising popularity in recent years is also its affordability. Additionally, compared to other green cements, the composition of these types of cements is comparably simpler and has a higher compressive strength.
Green Cement Market Analysis by End Use
Global green cement market has been segmented on the basis of end use as commercial sectors, residential sector, industrial sector, and others. Among these, because of the wide usage of green cement in residential construction, this sector's end users are the most prosperous. The rising number of applications is a significant factor in the residential sector's dominance of the green cement market. The condition of roads, motorways, and flyovers, on the other hand, is currently being improved and enhanced with the use of green cement by numerous governments in both established economies and developing countries. The market for green cement in the commercial sector is expected to develop during the forecast period due to this factor's significant impact on the growth of green cement in the commercial sector.
On the other hand, the industrial sector is experiencing a fair amount of demand for green cement because fly ash cement, slag cement, or recycled cement have the ability to improve workability, reduce the permeability of water as well as various chemicals, and also protect the infrastructure from acid attacks. The market for green cement in the industrial sector is anticipated to grow with time due to the advantages of various forms of green cement.
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Global Green Cement Market Regional Insights
Because of the development of National Emission Standards for Hazardous Air Pollutants (NESHAP) for the Portland cement manufacturing industry, the market in North America is anticipated to account for the greatest revenue share in the global market. The Environmental Protection Agency also regulates these Portland cement plant performance standards (EPA). According to the region's current legislation, cement factories in the state are required to report their greenhouse gas emissions in accordance with all of the specifications listed in the regulations. As green cement helps to reduce the carbon footprint of cement manufacturing, manufacturers in the area are investing more and more in its production to comply with laws.
Over the course of the projected period, the Asia Pacific market is anticipated to show consistent revenue CAGR growth. As a result of the region's rapid urbanisation and population increase, rising construction activities in the developing nations are anticipated to fuel market expansion.
Other States, including Malaysia, the Philippines, Thailand, and others, have recently seen a large increase in investment in the construction sector through a variety of public projects, including seaports, transportation, and power.
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Global Green Cement Market Dynamics
Green Cement Market Driver
- The green cement market is driven due to the growing use of specialty green cementing polymer synthesis is the growth driver for the underground specialty cement industry. Utilized in wires and links, devices, conductive bundling, film and sheet, filaments, mouldings, and lines are the polymer created using specialty green cement. Specialty green cement is increasingly being employed to give polymers unmatched functions like UV security and conductive characteristics. Green cement also has a wide range of applications in the construction of printing inks as a result of its extraordinary pigmenting ability. The need for specialty green cement is being driven by the overall growing interest in printing inks in the packaging industry during the anticipated period.
- There has been a move toward eco-friendly supplies as environmental damage from carbon emissions is becoming more widely recognized. As a result, green cement is widely used in residential, commercial, and industrial building. Furthermore, strict laws and regulations enacted by governments of both developed and developing countries have promoted the use of green cement and the building of eco-friendly structures.
Green Cement Market Restraint
- The high expenditure needed to produce green cement is anticipated to adversely hinder market expansion. Both producers and customers are reluctant to invest in green cement because of the risk involved in doing so for a new product or production method. Compared to the manufacturing of OPC, green cement has relatively higher setup and production expenses. Demand is also being negatively impacted by a lack of knowledge about the product in the building sector in many nations and among many customers. Since the product is still in its early stages of development, many businesses are investing more money in R&D projects to create more sophisticated and useful goods that might reduce the carbon footprint of cement production.
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Global Green Cement Market Competitive Landscape
Global market for green cement is slightly fragmented, with a number of major manufacturers active on both a global and regional scale. To increase their individual product portfolios and establish a solid foothold in the global market, key players are working on product development and strategic alliances. Anhui Conch Cement Co., Ltd., Cemex, China National Building Material Co., Ltd. (CNBM), Italcementi, HeidelbergCement, Navrattan Blue Crete Industries Pvt., Ltd, and others are major market participants.
Top Players in the Global Green Cement Market
- LafargeHolcim Ltd.
- HeidelbergCement AG
- CEMEX S.A.B. de C.V.
- CRH plc
- Taiheiyo Cement Corporation
- China National Building Material Company Limited
- Vicat
- Ecocem Ireland Ltd.
- CeraTech Inc.
- Solidia Technologies, Inc.
- CarbonCure Technologies Inc.
- Calera Corporation
- Ash Grove Cement Company
- Cement Australia Holdings Pty Limited
- Italcementi S.p.A.
- China Resources Cement Holdings Limited
- Titan Cement Company S.A.
- Birla Corporation Limited
- UltraTech Cement Limited
- Ramco Cements Limited
Green Cement Market Recent Developments
- In July 2022, Holcim signed an agreement with Ol-Trans, the leader in ready-mix concrete in the Gdansk-Sopot-Gdynia area, to acquire its five concrete plants. With 2022 estimated net sales of CHF 27 million, the transaction will strengthen Holcim’s local ready-mix concrete network and firmly establish it as the leader in Northern Poland.
- In May 2022, HeidelbergCement has joined the First Movers Coalition (FMC), a public-private partnership between the US State Department, the World Economic Forum and forward-thinking companies from different industry sectors. The First Movers Coalition has been created in 2021 as a platform for companies to use their scale and create demand to make emerging clean technologies accessible and scalable.
Global Green Cement Key Market Trends
- Green cement use has increased in the residential sector as a result of an increase in building rules and legislation that demand energy-efficient buildings.
- For instance, the latest changes to Canada's energy code now require continuous below-grade insulation in residential constructions. Green cement is in high demand in emerging economies, including India.
- The emphasis on creating zero waste regions is growing as a result of rising demand for sustainable products and the adoption of strict carbon emission rules. Additionally, strict US Environmental Protection Agency (EPA) laws surrounding GHG emissions are driving up consumer demand for renewable energy sources in North America.
- Additionally, throughout the course of the forecast period, the residential green cement market is anticipated to be driven by rising consumer awareness of the energy advantages of green homes, particularly in developed countries.
Global Green Cement Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global green cement market analysis, in terms of product, the fly ash segment held the largest share during the forecast period. Fly ash utilisation is rising as a result of favorable government policies and investments in the creation of more sustainable infrastructure. Additionally, the need for fly ash is rising as people turn to recycling trash and renewable resources as alternative fuels to offset the excess carbon dioxide that OPC releases into the atmosphere. Fly ash is increasingly being used in the building sector in underdeveloped nations due to its simple availability and affordability.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 28.48 billion |
| Market size value in 2031 | USD 73.1 billion |
| Growth Rate | 10.76% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Green Cement Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Green Cement Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Green Cement Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Green Cement Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Green Cement Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Green Cement Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Green Cement Market Report Snapshots
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