Green Cement Market Industry - 2023
The Global Green Cement Market size was valued at $14,947 million in 2016, and is anticipated to reach at $36,481 million by 2023, growing at a CAGR of 14.1% from 2017 to 2023. At present, the global cement industry is facing certain challenges related to growth in environmental concerns, scarcity of raw materials, and depletion of fossil fuel reserves. It is estimated that, on average, a single ton of Portland cement releases approximately 6% of the total global man-made carbon emissions, significantly contributing to the current environmental issues. This leads to emission of high volume of carbon dioxide and greenhouse gasses, which has enforced several builders, governments, and architects to opt for greener solutions such as development and use of green cement.
The global green cement market is driven by growth in awareness related to reduction in carbon emissions and its detrimental effect on the environment. In addition, the green cement provides better functionality, requires less natural materials during production, and releases less carbon dioxide than the traditional cement, resulting in higher market penetration during the forecast period. Moreover, stringent environment regulations, government initiatives to improve tax conditions, and subsidy grants for green materials production are expected to boost the market growth.
The report emphasizes on the different product types of green cement in the market, which include fly-ash based, slag based, recycled aggregates, and others. Based on application, the market is classified into residential, commercial, and others. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. In addition, the report highlights various factors that impact the market growth, such as key drivers, restraints, growth opportunities, and the role of key players. It presents the quantitative data, in terms of both value and volume, which are obtained from secondary sources, such as company publications, Factiva, Hoovers, OneSource, and others.
Global Green Cement Market Segmentation
Various companies are undertaking R&D activities to improve the technology. These companies have utilized numerous raw materials to obtain cost-effective green cement mixture. Thus, such initiative and advancements by manufacturers are expected to provide lucrative opportunities for the market growth.
Green Cement Market Share, By Geography, 2016 (%)
Top Investment Pockets
The commercial segment is expected to be the most lucrative for investment in the market, followed by the residential segment between 2017 and 2023. The growth in demand for green cement in the commercial segment is due to the increase in its application in commercial establishments such as office spaces, shopping malls, theaters, and hospitals. Furthermore, certain properties of cement, such as greater resistance to extreme weather conditions, compressive strength, and short setting time, are expected to boost the industry growth.
Top Inestment Pocket, By Product
Europe Green Cement Market Analysis
In 2016, Europe accounted for the highest share in the global market, owing to the stringent regulations pertaining to carbon emissions and increase in the taxes that could be levied on industrial emissions. However, Asia-Pacific is expected to surpass Europe’s share during the forecast period.
Italy Green Cement Market Growth, 2016-2023 ($Million)
The key players profiled in the report are LafargeHolcim, HeidelbergCement AG, Anhui Conch Cement, CEMEX S.A.B. de C.V., Taiheiyo Cement Corporation, China National Building Material, Votorantim cimentos S.A., UltraTech Cement Ltd., Taiwan Cement Corporation, and ACC Limited.
The other major players (not profiled in report) in the market include Ecocem Ireland Ltd., Calera Corporation, Ceratech, Inc., Solidia Technologies, Cenin Cement, Zeobond Pty Ltd., and Green Island Cement Limited.
Key Benefits:
- This report provides an extensive analysis of the current & emerging market trends and dynamics of the global green cement market.
- The green cement market trends analysis for all the regions is done by constructing estimations for key segments from 2017 to 2023 to identify the prevailing opportunities.
- The report assists to understand the strategies adopted by the leading companies in the industry.
- This study evaluates competitive landscape of the industry to understand the global market scenario.
- The global green cement market forecast analysis from 2017 to 2023 is included in the report.
- Extensive analysis is conducted by key player positioning and monitoring the top competitors in the global market.
Market Key Segments:
By Product
- Fly-ash Based
- Slag Based
- Recycled Aggregates
- Others
By Application
- Residential
- Commercial
- Others
By Geography
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- Italy
- UK
- Russia
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Argentina
- South Africa
- Rest of LAMEA
Green Cement Market Report Highlights
| Aspects | Details |
 By PRODUCT TYPE |
|
 By APPLICATION |
|
 By Region |
|
 Key Market Players | Taiwan Cement Corporation, CEMEX S.A.B. de C.V., China National Building Material, ACC Ltd., Anhui Conch Cement, LafargeHolcim, Taiheiyo Cement Corporation, UltraTech Cement Ltd., HeidelbergCement AG, Votorantim cimentos S.A. |
Analyst Review
Green cement can reduce the carbon footprint by 40–50% during its production process. It provides excellent thermal insulation and superior fire resistance, which enables structures to withstand temperatures up to 2,400-degree F. Green cement further increases moisture-resistant capacity with higher protection against corrosion as well. In 2016, the residential segment accounted for nearly half of the share of the global market, and is expected to witness a steady growth rate, registering a CAGR of 13.9% during the forecast period.
In 2016, Europe accounted for a major share of the global market, followed by Asia-Pacific and North America. China dominated the Asia-Pacific market in 2016, in terms of both value and volume. The rapid growth in Asia-Pacific is due to the rapid rise in construction industry, fast-paced urbanization, and increase in awareness related to environment protection. Furthermore, supportive government policies in countries, such as China and India, and heavy inflow of foreign investments in building & construction sector are anticipated to boost the market in the near future.
The green cement market growth is expected to have a CAGR of 14.1% from 2017-2023.
Increasing environmental concern and Stringent environment regulations are some of the factors drives the green cement market growth.
The report sample for green cement market report can be obtained on demand from the website.
Use of renewable energy sources for production is one of the key emerging trends in the green cement market.
Product launch is one of the key growth strategies of green cement market players.
The statistical data of the top market players of green cement market can be obtained from the company profile section mentioned in the report.
Asia-Pacific region will provide more business opportunities for green cement market in coming years.
By application, residential segment holds the maximum share of the green cement market.
Some of the leading players in green cement market are LafargeHolcim, HeidelbergCement AG, Anhui Conch Cement, Taiheiyo Cement Corporation, China National Building Material, Votorantim cimentos S.A., UltraTech Cement Ltd.
Some of the potential customers of green cement industry are residential, commercial, and industrial sector.
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