Global Green Cement Market

Green Cement Market Size, Share, Growth Analysis, By Product(Fly-Ash Based, Slag Based, Recycled Aggregates, Others), By End Use(Commercial Sectors, Residential Sector, Industrial Sector, Others), By Region - Industry Forecast 2024-2031

Report ID: SQMIG15F2081 | Region: Global | Published Date: July, 2036
Pages: 157 | Tables: 65 | Figures: 75

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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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).

market for green cement is slightly fragmented, with a number of major manufacturers active on both a and regional scale. To increase their individual product portfolios and establish a solid foothold in the 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. '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'

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.

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.

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 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.

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Global Green Cement Market

Report ID: SQMIG15F2081