The Green Cement Market size is projected to reach US$ 86.49 billion by 2031 from US$ 34.2 billion in 2023. The market is expected to register a CAGR of 10.65% in 2023–2031. Many manufacturers are now focusing on using innovative materials for the production of green cement. Graphene has emerged as one of the most sustainable materials for green cement compared to fly ash, recycled aggregate, slag, and others.
Green Cement Market Analysis
The increased demand for decarbonization mainly drives the adoption of green cement as the cement industries are among the most difficult to decarbonize. Many companies and governments across the world are taking various initiatives to reduce carbon emissions from the cement industry. Many of the European Union’s large cement manufacturers are taking various steps to reduce their carbon footprint by 30% by 2030. Further, the US government has taken various initiatives to reduce its carbon footprint. One of the projects is the Mitchell Cement Plant Decarbonization Project, with a funding of US$ 500 million. Such government and company initiatives are driving the green cement industry.
Green Cement Market Overview
The global green cement market is highly competitive and is dominated by very key players. Approximately 30% of the total global green cement market is acquired by the key players. Players in the industry are focusing on strategies such as geography expansion, acquisition, and product development.
The adoption of green cement is higher in developed nations compared to developing nations owing to low awareness of carbon emissions. However, the growth of the Middle East and Asia Pacific is lucrative and expected to grow with a higher growth rate as the construction industry is continuously growing.
The US market acquired a larger market share in the North American green cement industry owing to increased government initiatives and programs to reduce carbon emissions from the construction industry. Germany, in the European region, dominated the European green cement industry.
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Green Cement Market: Strategic Insights
Market Size Value in US$ 15,552.7 Million in 2017 Market Size Value by US$ 42,731.2 Million by 2025 Growth rate CAGR of 13.3% from 2018-2025 Forecast Period 2018-2025 Base Year 2018
Naveen
Have a question?
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Green Cement Market: Strategic Insights
| Market Size Value in | US$ 15,552.7 Million in 2017 |
| Market Size Value by | US$ 42,731.2 Million by 2025 |
| Growth rate | CAGR of 13.3% from 2018-2025 |
| Forecast Period | 2018-2025 |
| Base Year | 2018 |
Naveen
Have a question?
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
Green Cement Market Drivers and Opportunities
Increased construction activities across the globe
As per the data published by Ryfan Electric in 2018, the global construction sector's GDP was approximately 13%, generating revenue of US$ 10 trillion. In 2024, the construction sector is generating revenue of approximately US$ 15 trillion. This shows increased construction sector and demand for residential and commercial construction growth. As per the data provided by the National Association of Home Builders in 2024, the spending on residential construction increased by 1.4% in December 2023 in the US. Such growth in the construction industry has led to increased demand for construction materials, ultimately driving the green cement industry.
Growing demand from Middle Eastern countries
The construction activities in the UAE and Saudi Arabia are driving the demand for green cement. As per the construction industry experts, construction activities are expected to grow with a growth rate of 4.5% during the forecast period. Currently, the UAE is undertaking various construction activities. UAE is undertaking approximately 20 construction projects in 2024 alone. Further, as per the data published by the IEA in 2023, the Saudi Arabian market is estimated to reach approximately US$ 90 billion by 2029. Such growth of the construction is projected to generate lucrative opportunities for the green cement market in Middle Eastern countries.
Green Cement Market Report Segmentation Analysis
Key segments that contributed to the derivation of the Green Cement Market analysis are type, cause, disorder type, category, and end user.
Based on type, the Green Cement Market is divided into fly ash, recycled aggregate, slag, and others. The fly ash segment held a larger market share in 2023.
- By end users, the market is segmented into commercial, residential, and industries. The residential segment held the largest share of the market in 2023.
Green Cement Market Share Analysis by Geography
The geographic scope of the Green Cement Market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America.
Asia Pacific has dominated the Green Cement Market in 2023. The Asia Pacific region includes Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. Countries such as China and India, Japan are undertaking various infrastructure and commercial construction activities. As per the data published by the Indian government in 2024, India allocated approximately 3.3% of its GDP to the infrastructure development project. The majority of the investments are allocated to the road and highway sectors. India has set a target of development of a 2 lakh-km roadway network by 2025. Such activities are projected to increase the consumption of construction materials, ultimately driving the green cement industry in the region.
Green Cement Market News and Recent Developments
The Green Cement Market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for green cement and strategies:
- Cemvision, a Swedish startup company received approximately US$ 12 million funding for producing green cement with industrial waste. (Source: Cemvision, Press Release/Company Website/Newsletter, 2024)
- ACC Cement, a subsidiary of Adani Group, launched ACC ECOMaxX in India. (Source: ACC Cement, Press Release/Company Website/Newsletter, 2023)
Green Cement Market Report Scope
Green Cement Market Report Coverage and Deliverables
The “Green Cement Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type ; End Users ;
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
Trends and growth analysis reports related to Green Cement Market
May 2024
End Mills Market
Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Material (Carbide, Steel, and Others), Type (Square Nose, Ball Nose, and Others), Diameter Size (Upto 4 mm, 4–6 mm, 6–8 mm, 8–12 mm, and Above 12 mm), End-Use Industry (Automotive, Heavy Machinery, Semiconductor and Electronics, Medical and Healthcare, Energy, Aerospace and Others), and Geography
May 2024
Plain Bearings Market
Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Product Type [Spherical Bearings (Radial, Angular, and Thrust), Rod Ends (Female Thread, Male Thread, and Welding Shank), and Bushings], Application (Agriculture, Construction, Industrial Vehicles, Automotive and Transportation, Aerospace and Defense, Energy and Power, and Others), and Geography
May 2024
Thermostatic Mixers Market
Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Mounting Type (Deck Mount and Wall Mount), Application (Residential and Commercial), Design Type (Concealed and Exposed), and Geography
May 2024
May 2024
Trenchless Pipe Relining Market
Size and Forecast (2020–2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage - by Method (Cured in Place Pipe, Pull-in-Place, Pipe Bursting, and Internal Pipe Coating), End User (Residential, Commercial, Industrial, and Municipal), and Diameter (Below DN 50, DN 51–DN 150, DN 151–DN 250, and Above DN 251), and Geography
May 2024
Green Cement and Concrete Market
Size and Forecast (2020–2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Product Type (Fly Ash Based, Geopolymer, Slag Based, and Others), End-user (Commercial and Public Infrastructure, Industrial, and Residential), and Geography
May 2024
Cold Storage Market
Size and Forecast (2020–2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Temperature Type (Chilled, Frozen), Warehouse Type (Public, Private and Semi-Private) and Application (Dairy Products, Meat and Seafood, Fruits and Vegetables, Pharmaceuticals, Processed Food) and Geography
May 2024
Chopper Pumps Market
Size and Forecast (2020–2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type (Submersible Chopper Pumps, Cantilever Chopper Pumps, Vertical Dry Pit Chopper Pumps, Self-Priming Chopper Pumps, End Suction Chopper Pump, Vertical Wet Well Chopper Pump), By End-user (Agriculture, Food and Beverages, Water and Waste Water Treatment, Chemical and Petrochemical, and Others), and Geography
Get Free Sample For