Green Cement Market Analysis | 2022-2028

Market Insights

"The global 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."

Would you like to get a free sample? Register Here

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.

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.

The green cement market has a lot of growth potential which is due to the increasing recognition of the need for lowering of carbon footprints and reducing the negative impact of traditional cement production. Green cement, a fermentation product from industrial wastes such as slag and fly ash, which not only solves waste disposal problem but also reduces fossil fuel consumption. The market advantages from the increasing use of sustainable cement in residential and non-residential projects. This contributes to market growth. Governments across the globe are reinforcing their emission reduction targets and green construction methods to support green cement as a low-carbon alternative. Green cement formulations with circular economy principles will see a growth in the trend of innovation over time. The main players are reducing atmospheric CO2 emissions and creating sustainable roles that lead to market growth.

Key Players

Some of the major players in the global 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

Note: The above list does not necessarily include all the top players in the market.

Are you the leading player in this market? We would love to include your name. Write to us at sales@stratviewresearch.com

Segments Analysis

Product Trends

"The fly-ash-based segment accounted for the largest market share."

The fly-ash-based segment held the largest share more than 35% 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.

Application Trends

"The commercial segment accounted for the largest market share."

The commercial segment held the largest share more than 40% 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.

Regional Insights

"Asia-Pacific accounted for the largest market share."

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.

Would you like to get a free sample? Register Here

Report Features

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

What deliverables will you get in this report?

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

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 market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market.

Research Methodology

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s green cement market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.

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 market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

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.