Green Cement Market Growth & Forecast | 2022-2028

Market Insights

The Green Cement Market is estimated to grow from US$ 699.31 Million in 2021 to US$ 1016.5 Million by 2028 at a CAGR of 5.4% during the forecast period of 2022-2028.

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What is green cement?

Green cement is a cementitious material, that meets or exceeds the functional performance capabilities of ordinary Portland cement by incorporating and improving recycled materials, thereby reducing the consumption of water and natural raw materials resulting in a more sustainable construction material.

Green cement is of different types, such as fly ash-based, slag-based, recycled aggregates, and others which provide its service in various applications, such as residential, commercial, and others.

Key Players

Some of the major players in the market are-

• Lafarge Holcim
• China National Building Material
• ACC Limited
• Heidelberg Cement AG
• Anhui Conch Cement
• CEMEX S.A.B. de C.V.
• Taiheiyo Cement Corporation
• Votorantim Cimentos S.A.
• UltraTech Cement Ltd.
• Taiwan Cement Corporation

Market Drivers

The prime factor that is contributing to the growth of the market are-

• The demand for green cement is mainly the growing infrastructure and construction activities, such as the construction of bridges, underpasses, and sewages.
• Favorable government policies for green buildings and increasing concern about GHG emissions from cement production are bolstering the market.

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Segments Analysis

By Product Type

The Fly Ash-Based segment held the largest share more than 39.5% of the market in 2021 and is expected to remain dominant.

The market is segmented into fly ash-based, slag-based, recycled aggregates, and others. Fly ash-based green cement provides cost-effective of products, which is one of the primary reasons for its growing demand in recent years. The composition of these types of cement is comparatively simple with better compressive strength than other green cement, which is driving the growth of the segment.

By Application Type

The Commercial segment held the largest share more than 4.4% of the market in 2021 and is expected to remain dominant.

The market is segmented into residential, commercial, and others. Progressive infrastructure advancement is one of the key factors responsible for the increasing demand for green cement in commercial applications. Improvement in the emerging construction industry will inflate the segment’s growth. Also, construction activities in various South Asian countries, such as Thailand, India, Vietnam, China, and Thailand, are driving the segment’s growth.

By Region

Asia-Pacific is estimated to be the largest as well as the fastest-growing market for green cement.

Asia-Pacific generates maximum revenue compared to any other region due to growing infrastructure and construction activities in emerging economies. ASEAN countries, such as Malaysia, the Philippines, and Thailand have shown recent significant investments in the construction segment through various public projects such as seaports, transports, and power, which is underpinning the region’s market. North America and Europe are expected to offer substantial growth opportunities.

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The market is segmented into the following categories. 

By Product Type

• Fly ash Based
• Slag-Based
• Recycled Aggregates
• Others

By Application Type

• Residential
• Commercial
• Others

By Region

• North America
• Europe
• Asia-Pacific
• Rest of the World

Report Features

This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

The following are the key features of the report:

• Overview, industry life cycle analysis, supply chain analysis.
• Environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Trends and forecast analysis.
• Segment trend and forecast.
• Competitive landscape and dynamics: Market share, product portfolio, Technology launches, etc.
• Attractive segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

Target Audience

The following is a list of the customers that the market aims to convert the most:

• Manufacturers
• Suppliers
• Distributors
• Organizations
• Government bodies

Customization Options

Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.