Global Green Cement Market: Investment & Growth Opportunity Analysis, 2019-2028

The global green cement market is expected to witness a robust growth rate of more than 11% during the forecast period of 2022-2028. Green cement is an eco-friendly cement that uses a carbon-negative process of manufacturing. Raw materials used to produce green cement include mostly discarded waste from the industry. Moreover, as green cement is made up of mostly industrial waste, green cement is more economical than conventional cement and can be hybridized easily. Hybridization promotes more sustainable construction, thereby augmenting its demand. Modern buildings built with green cement are rated high in the green homes rating systems and this leads to the growth of green building constructions globally.

Additionally, green cement is a cleaner alternative to traditional cement as it helps to solve the major problem of industrial waste disposable which is a significant contributor to land pollution. Additionally, no fossil fuels are used for the production of green cement which further makes it both economical and eco-friendly. Green cement has a lower shrinkage rate, making it more long-lasting than conventional cement. Also, green cement can withstand the negative impact of acid rain and changing temperatures which further attracts consumers to use them extensively in construction activities. The carbon emission in the production of green cement is at least 40% lower than the production of traditional cement. The increasing focus on sustainable development is leading to the increasing construction of green buildings which is acting as a major driver for the global green cement market.

Government initiatives benefiting the Fly ash-based segment to experience significant growth

Based on type, the fly ash-based segment is dominating the global green cement market and is expected to experience significant growth during the forecast period owing to the pozzolanic properties of the fly ash, favorable government policies, and investment in the development of much more sustainable infrastructure. Additionally, the demand for fly ash is rising due to the growing need for alternative fuels and the recycling of waste and renewable resources in an effort to reduce the excessive quantity of carbon dioxide generated by Ordinary Portland cement (OPC).

The cost-effectiveness and easy access of raw materials like fly ash are boosting the use of fly ash-based green cement in the construction and building sector of growing regions. Usage of green cement widely depends on the application, the properties of the fly ash, specification limits, and the geographic location and climate. Higher levels (30% to 50%) have been used in massive structures (for example, foundations, and dams) to control temperature rise. In recent decades, research has demonstrated that high dosage levels (40% to 60%) can be used in structural applications, producing concrete with good mechanical properties and durability.

The North America region is expected to grow significantly

North America is anticipated to grow at a significant rate over the forecast period as manufacturers in the region are highly investing in the production of green cement so as to curb the carbon footprints resulting from cement production. However, the rising population and growth in construction activities in India, China, and Southeast Asian countries are helping the Asia Pacific green cement market to grow considerably. The Middle East & Africa is projected to witness substantial growth with the increasing demand for the product from the rising infrastructural activities in the region. In Latin America and MEA, the rapidly growing industries and construction activities lead the market to witness moderate growth in the upcoming years.

Market Structure and Competitive Landscape

The global green cement market is fragmented in nature with the presence of many players in the global market. Some of the prominent players that contribute significantly to the global 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.

These players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & acquisitions, partnerships and collaborations, geographical expansion, and capacity addition are some of the strategies followed by industry players. Some of the key developments in the global green cement market include,

• 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.

Key Market Segmentation

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 etc.)
• 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

Research Methodology

RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.

RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:

• Defining the problem by understanding the type of market and data required by the client.
• Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
• Formulating a hypothesis to create market numbers, forecast, influencing factors, and their relevance.
• Evaluating and analyzing the data by referring to data sources utilized and leveraged.
• Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.

Secondary Sources

• Annual reports, company filings, investor presentations, product catalogs, and company documents
• Industry and market-related documents available in the public domain
• Paid database including Bloomberg, Factiva, S&P Capital IQ, FactSet, Refinitiv Eikon, ICIS, EUWID, and Thomson Reuters, among others
• Whitepapers, research papers, and industry blogs.

Why Buy this Report?

The report is intended for green cement market manufacturers and suppliers, government organizations, construction builders, building agencies, educational organizations, regulatory agencies, and market research firms, among others. The report provides an in-depth analysis of market size, consumption patterns, ongoing market trends and challenges, and future market opportunities. The report will serve as a source for a 360-degree analysis of the market thoroughly delivering insights to clients to find the right answers to their business questions.

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