Green Cement Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Green Cement Market
The global green cement market size was valued at USD 35.65 billion in 2023 and is projected to grow from USD 39.32 billion in 2024 to USD 83.28 billion by 2032, exhibiting a CAGR of 9.9% during the forecast period of 2024-2032.
The green cement market has been hit with notable impacts by the COVID-19 pandemic, mainly through lead disruptions in the supply chain and shrinking production capacity. With the regulation of international states and lockdowns, the number of orders for cement products is going down, and thus, the income of groups, as well as the green cement market industry, is decreasing, affecting green cement market growth.
The growing concern for the environment, government regulations, and investment in client opportunities force the production of green cement. To lower greenhouse gas emissions and carbon footprint, attention has been brought to the question of environment-friendly substances like green cement.
The unproven building movement is gaining help, and developers are likelier to pay attention to environmental sustainability. Green cement’s alternative option to regular cement is a ploy experiencing a rise in the queries for green solutions as builders are pursuing green alternatives for production purposes, paving the way for the global rise in the green cement market share. Indeed, the reduction of carbon footprint makes inexperienced cement eligible to carry on a considerable function in the greening of the construction industry. The environmental problems are constantly rising, and so the requirement for environmentally friendly stuff like green cement is expected to grow, hence the innovation and transformation of the construction industry.
Comprehensive Analysis of Green Cement Market
The inexperienced cement marketplace is segmented via type, with fly ash being the dominant section because of its growing adoption over traditional Portland Cement. The slag segment is also growing, pushed by its use in building precast concrete products and infrastructure tasks. Recycled aggregates are also gaining traction, especially in infrastructure tasks, which include pavement and highway production. The ""others"" section consists of limestone-based, silica fume-based totally, and geopolymers, which are anticipated to grow due to government-supportive policies. By software, the residential segment dominates the market, pushed using purchaser demand for sustainable homes and government policies promoting green building. The non-residential section is also developing, and a call has moved it to surroundings-friendly business buildings. At the same time, the infrastructure segment is predicted to grow due to government tasks for sustainable infrastructure development.
The North American region led the medical devices market by benefitting a size of USD 13.25 billion in 2023 due to the growing call for sustainable creation, infrastructure development, and authorities-supportive environmental policies.
The leading players in the green cement market significantly influence its growth trajectory and set industry standards. These key players, including JSW Cement (India), Green Cement Inc. (U.S.), Holcim Ltd. (Switzerland), ACC Limited (India), UltraTech Cement Limited (India), Anhui Conch Cement (China), CEMEX S.A.B. de C.V. (Mexico), CRH plc (Ireland), CarbonCure Technologies Inc. (Nova Scotia), and Heidelberg Cement (Germany), contribute to a competitive landscape, driving innovation and market advancement in the production of green cement products.
In November 2023, Heidelberg Cement came up with the low-carbon cement symbol, which is designed to achieve a considerably smaller environmental effect by reducing greenhouse gas emissions during production and marking the ecological system through its cement products.
Segmentation Table
Attribute Details
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 9.9% from 2024 to 2032
Unit Value (USD Billion); Volume (Kiloton)
Segmentation By Type
Fly Ash
Slag
Recycled Aggregate
Others
By Application
Residential
Non-Residential
Infrastructure
By Geography
North America (By Type, By Application, By Country)
- U.S. (By Application)
- Canada (By Application)
Europe (By Type, By Application, By Country)
- Germany (By Application)
- U.K. (By Application)
- France (By Application)
- Italy (By Application)
- Rest of Europe (By Application)
Asia Pacific (By Type, By Application, By Country)
- China (By Application)
- Japan (By Application)
- India (By Application)
- South Korea (By Application)
- Rest of Asia Pacific (By Application)
Rest of World (By Type, By Application, By Sub-Region)
- Latin America (By Application)
- Middle East & Africa (By Application)
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- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Key Emerging Trends – For Major Regions
- 4.2. Key Developments: Capacity Expansions, Acquisitions, Partnerships, etc.
- 4.3. Latest Technological Advancement
- 4.4. Insights on Regulatory Scenario
- 4.5. Porters Five Forces Analysis
- 4.6. Impact of COVID-19 on Global Green Cement Market
- 5. Global Green Cement Market Analysis, Insights and Forecast, 2019-2032
- 5.1. Key Findings / Summary
- 5.2. By Type (Value and Volume)
- 5.2.1. Fly Ash
- 5.2.2. Slag
- 5.2.3. Recycled Aggregate
- 5.2.4. Others
- 5.3. By Application (Value and Volume)
- 5.3.1. Residential
- 5.3.2. Non-Residential
- 5.3.3. Infrastructure
- 5.4. By Region (Value and Volume)
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. Rest of World
- 6. North America Green Cement Market Analysis, Insights and Forecast, 2019-2032
- 6.1. Key Findings / Summary
- 6.2. By Type (Value and Volume)
- 6.2.1. Fly Ash
- 6.2.2. Slag
- 6.2.3. Recycled Aggregate
- 6.2.4. Others
- 6.3. By Application (Value and Volume)
- 6.3.1. Residential
- 6.3.2. Non-Residential
- 6.3.3. Infrastructure
- 6.4. By Country (Value and Volume)
- 6.4.1. U.S
- 6.4.1.1. By Application (Value and Volume)
- 6.4.1.1.1. Residential
- 6.4.1.1.2. Non-Residential
- 6.4.1.1.3. Infrastructure
- 6.4.2. Canada
- 6.4.2.1. By Application (Value and Volume)
- 6.4.2.1.1. Residential
- 6.4.2.1.2. Non-Residential
- 6.4.2.1.3. Infrastructure
- 7. Europe Green Cement Market Analysis, Insights and Forecast, 2019-2032
- 7.1. Key Findings / Summary
- 7.2. By Type (Value and Volume)
- 7.2.1. Fly Ash
- 7.2.2. Slag
- 7.2.3. Recycled Aggregate
- 7.2.4. Others
- 7.3. By Application (Value and Volume)
- 7.3.1. Residential
- 7.3.2. Non-Residential
- 7.3.3. Infrastructure
- 7.4. By Country (Value and Volume)
- 7.4.1. Germany
- 7.4.1.1. By Application (Value and Volume)
- 7.4.1.1.1. Residential
- 7.4.1.1.2. Non-Residential
- 7.4.1.1.3. Infrastructure
- 7.4.2. U.K.
- 7.4.2.1. By Application (Value and Volume)
- 7.4.2.1.1. Residential
- 7.4.2.1.2. Non-Residential
- 7.4.2.1.3. Infrastructure
- 7.4.3. France
- 7.4.3.1. By Application (Value and Volume)
- 7.4.3.1.1. Residential
- 7.4.3.1.2. Non-Residential
- 7.4.3.1.3. Infrastructure
- 7.4.4. Italy
- 7.4.4.1. By Application (Value and Volume)
- 7.4.4.1.1. Residential
- 7.4.4.1.2. Non-Residential
- 7.4.4.1.3. Infrastructure
- 7.4.5. Rest of Europe
- 7.4.5.1. By Application (Value and Volume)
- 7.4.5.1.1. Residential
- 7.4.5.1.2. Non-Residential
- 7.4.5.1.3. Infrastructure
- 8. Asia-Pacific Green Cement Market Analysis, Insights and Forecast, 2019-2032
- 8.1. Key Findings / Summary
- 8.2. By Type (Value and Volume)
- 8.2.1. Fly Ash
- 8.2.2. Slag
- 8.2.3. Recycled Aggregate
- 8.2.4. Others
- 8.3. By Application (Value and Volume)
- 8.3.1. Residential
- 8.3.2. Non-Residential
- 8.3.3. Infrastructure
- 8.4. By Country (Value and Volume)
- 8.4.1. China
- 8.4.1.1. By Application (Value and Volume)
- 8.4.1.1.1. Residential
- 8.4.1.1.2. Non-Residential
- 8.4.1.1.3. Infrastructure
- 8.4.2. Japan
- 8.4.2.1. By Application (Value and Volume)
- 8.4.2.1.1. Residential
- 8.4.2.1.2. Non-Residential
- 8.4.2.1.3. Infrastructure
- 8.4.3. India
- 8.4.3.1. By Application (Value and Volume)
- 8.4.3.1.1. Residential
- 8.4.3.1.2. Non-Residential
- 8.4.3.1.3. Infrastructure
- 8.4.4. South Korea
- 8.4.4.1. By Application (Value and Volume)
- 8.4.4.1.1. Residential
- 8.4.4.1.2. Non-Residential
- 8.4.4.1.3. Infrastructure
- 8.4.5. Rest of Asia Pacific
- 8.4.5.1. By Application (Value and Volume)
- 8.4.5.1.1. Residential
- 8.4.5.1.2. Non-Residential
- 8.4.5.1.3. Infrastructure
- 9. Rest of World Green Cement Market Analysis, Insights and Forecast, 2019-2032
- 9.1. Key Findings / Summary
- 9.2. By Type (Value and Volume)
- 9.2.1. Fly Ash
- 9.2.2. Slag
- 9.2.3. Recycled Aggregate
- 9.2.4. Others
- 9.3. By Application (Value and Volume)
- 9.3.1. Residential
- 9.3.2. Non-Residential
- 9.3.3. Infrastructure
- 9.4. By Sub-Region (Value and Volume)
- 9.4.1. Latin America
- 9.4.1.1. By Application (Value and Volume)
- 9.4.1.1.1. Residential
- 9.4.1.1.2. Non-Residential
- 9.4.1.1.3. Infrastructure
- 9.4.2. Middle East & Africa
- 9.4.2.1. By Application (Value and Volume)
- 9.4.2.1.1. Residential
- 9.4.2.1.2. Non-Residential
- 9.4.2.1.3. Infrastructure
- 10. Company Profiles
- 10.1. JSW Cement
- 10.1.1. Overview
- 10.1.2. Description
- 10.1.3. Product Portfolio
- 10.1.4. Financials (Data as available in public domain and/or on paid databases)
- 10.1.5. Recent Developments
- 10.2. Green Cement Inc.
- 10.2.1. Overview
- 10.2.2. Description
- 10.2.3. Product Portfolio
- 10.2.4. Financials (Data as available in public domain and/or on paid databases)
- 10.3. Holcim Ltd
- 10.3.1. Overview
- 10.3.2. Description
- 10.3.3. Product Portfolio
- 10.3.4. Financials (Data as available in public domain and/or on paid databases)
- 10.4. ACC Limited
- 10.4.1. Overview
- 10.4.2. Description
- 10.4.3. Product Portfolio
- 10.4.4. Financials (Data as available in public domain and/or on paid databases)
- 10.5. UltraTech Cement Limited
- 10.5.1. Overview
- 10.5.2. Description
- 10.5.3. Product Portfolio
- 10.5.4. Financials (Data as available in public domain and/or on paid databases)
- 10.6. Anhui Conch Cement
- 10.6.1. Overview
- 10.6.2. Description
- 10.6.3. Product Portfolio
- 10.6.4. Financials (Data as available in public domain and/or on paid databases)
- 10.7. CEMEX S.A.B. de C.V.
- 10.7.1. Overview
- 10.7.2. Description
- 10.7.3. Product Portfolio
- 10.7.4. Financials (Data as available in public domain and/or on paid databases)
- 10.8. CRH plc
- 10.8.1. Overview
- 10.8.2. Description
- 10.8.3. Product Portfolio
- 10.8.4. Financials (Data as available in public domain and/or on paid databases)
- 10.9. CarbonCure Technologies Inc.
- 10.9.1. Overview
- 10.9.2. Description
- 10.9.3. Product Portfolio
- 10.9.4. Financials (Data as available in public domain and/or on paid databases)
- 10.10. Heidelberg Cement
- 10.10.1. Overview
- 10.10.2. Description
- 10.10.3. Product Portfolio
- 10.10.4. Financials (Data as available in public domain and/or on paid databases)
- 11. Strategic Recommendations
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