The report titled “Green Cement Market” assesses the global and regional market based on type, packaging, end use, and region. A comprehensive report provides a detailed historical and future market size with a trend analysis. The report underlines the market share analysis, production capacities by leading players, competition overview, strategic imperatives, annual sales figures, growth avenues, production overview, and competition assessment for the target players assessed in the global green cement market study.
Market Overview and Dynamics: Demand for Green Cement to rise during the Forecast Period
The green cement market is expected to grow at a CAGR of over 11% during the forecast period of 2022-2028. Growing environmental concerns are leading to the increased adoption of green building construction materials. Moreover, enhanced product characteristics of green cement are also spurring the demand for green cement globally.
Extensive applications in residential, commercial, and industrial construction have encouraged the production of green cement in recent years. Moreover, the growing adoption of environment-friendly products in construction activities coupled with stringent regulations to minimize carbon emissions resulting from construction activities are some of the factors supporting the growth of the global green cement market.
North America dominates the global green cement market in 2021 on account of increased product adoption, increasing technological advancements, growing environmental concerns, and rising government focus to curb the environmental pollution resulting from cement production. Moreover, the Asia Pacific green cement market is anticipated to observe significant growth on account of the rising number of construction activities and the rapidly growing real estate sector. The Middle East and Africa are projected to witness moderate growth during the forecast year.
Segmental Analysis
- Based on end use, the non-residential sector is dominating the global green cement market and is expected to dominate the global market in the next couple of years as well.
- On the basis of type, the fly ash-based segment is dominating the global green cement market on account of the pozzolanic properties of fly ash, and favorable government policies to support infrastructural development.
- Based on the region, the Asia Pacific is expected to grow at a rapid pace due to growing construction activities.
Competition Analysis
The global green cement market observes intense competition as a result of the presence of a large number of established players. The US General Services Administration (GSA) announced actions to reduce emissions from building materials. GSA intends to use the industry's responses to the RFI to inform how it implements new low-carbon concrete and sustainable asphalt criteria at the national level for projects at land ports of entry. Manufacturers in the North America are highly investing in the production of green cement which leads to minimizing the carbon footprints of cement production.
Product innovations, acquisitions and mergers, capacity expansion, and partnerships are the identified industry trend in the global green cement market. Significant consolidation is expected in the global market during the assessed period 2022-2028.
- In July 2022, Hoffman Green Cement Technologies acquired ABC Broyage, which operated a slag grinding plant in North Dordogne.
- In July 2022, The Hallett Group break into Australia’s cement sector by building a cement plant in Port Augusta to Supply green cement and expand their presence geographically.
Some of the prominent players involved in the green cement market include CarbonCure Technologies Inc., Cemex, CRH plc, LafargeHolcim, Calera Corporation, Heidelberg Cement, Siam Cement Public Company (SCG), Kiran Global Chems, CeraTech, Taiheiyo Cement Corporation, Anhui Conch Cement, Votorantim cimentos S.A., UltraTech Cement Ltd., ACC Ltd, Holcim Group, China National Building Material Co., Ltd. (CNBM), Ital cement, Navrattan Blue Crete Industries Pvt., Ltd, LafargeHolcim Anhui Conch Cement Compan, and Taiwan Cement Corporation among others.
RationalStat has segmented the global green cement market on the basis of types, packaging, end use, and region.
- By Type
- Fly Ash based
- Geopolymer
- Lime Stone Based
- Silica Fume Based
- Others (Slag based)
- By Packaging
- Up to 5kg bag
- Up to 10kg bag
- Up to 25kg bag
- Up to 50Kg bag
- By End Use
- Residential
- Non-Residential
- Industrial
- Commercial
- By Region
- North America
- US
- Canada
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Western Europe
- Germany
- UK
- France
- Spain
- Italy
- Benelux
- Nordic
- Rest of Western Europe
- Eastern Europe
- Russia
- Poland
- Rest of Eastern Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- ASEAN (Indonesia, Vietnam, Malaysia, etc.)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- South Africa
- Turkey
- Rest of the Middle East & Africa
- North America
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