Product ID: SQMIG15F2081
Report ID: SQMIG15F2081 | Region: Global | Published Date: February, 2024 | Pages: 157 | Tables: 65 | Figures: 75
Green Cement Market size was valued at USD 28.48 billion in 2021 and is poised to grow from USD 32.28 billion in 2022 to USD 73.1 billion by 2030, growing at a CAGR of 10.76% in the forecast period (2023-2030).
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.
To get more reports on the above market click here to Buy The Report
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.
To get detailed analysis on other segments, Request For Sample Report
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.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Green Cement Market Driver
Green Cement Market Restraint
Speak to one of our ABIRAW analyst for your custom requirements before the purchase of this report
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
Green Cement Market Recent Developments
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.
|Market size value in 2021
|USD 28.48 billion
|Market size value in 2030
|USD 73.1 billion
|Forecast Unit (Value)
|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)
Free report customization with purchase. Customization includes:-
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
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.
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.
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "
- Mr. Ali Zali, Commercial Director, ICIIC Iran.