Press Release Description

Global Green Cement Market to Accelerate at a Steady CAGR of Around 8.7% During 2024-30

The Global Green Cement Market is anticipated to grow at a CAGR of about 8.7% during the forecast period of 2024–30, cites MarkNtel Advisors in the recent research report. Countries like the UK, the US, Germany, and Australia, among others, are actively implementing measures to reduce the carbon footprint of their construction sectors, a significant source of global carbon emissions. In 2021 alone, the construction sector emitted around 10 GT of carbon dioxide (CO2), as reported in the 2022 Global Status Report for Buildings and Construction. In line with the Paris Agreement's goals, countries worldwide are striving to decrease carbon emissions from the construction industry. Consequently, governments are enacting stringent regulations to curb carbon emissions from the sector, driving the demand for low-carbon cement and contributing to the growth of the green cement market in recent years.

Furthermore, the ongoing process of urbanization is transforming various regions, accompanied by a simultaneous surge in infrastructure development investments in developing economies to accommodate growing populations and economic activities. For instance, India is projected to spend about USD 17.19 billion on infrastructure in the seven fiscal years through 2030, which is more than twice that spent in the previous seven fiscal years. These substantial investments are poised to elevate infrastructure development in Asia, Africa, Latin America, and Europe. This surge underscores the increasing need for green cement in upcoming infrastructure projects.

Governments, including the UK, India, Germany, etc., are acknowledging the significance of sustainable infrastructure. They are rolling out initiatives that promote or even require the utilization of environmentally friendly construction materials. Consequently, there would be an increased upswing in demand for green buildings during the forecasted period, further states the research report, “Global Green Cement Market Analysis, 2024.”

Global Green Cement Market

Global Green Cement Market Segmentation Analysis:

Ekkomax Segment Holds a Major Share of the Market

Based on the type, the market is further bifurcated into ekkomaxx cement, geopolymer cement, and others (sequestrated carbon cement, superheated steam cement, etc.). The Ekkomax segment leads the market and is poised to secure a significant market share in the upcoming years, driven by increased adoption by companies, commendable performance attributes, and adherence to regulatory standards. Ekkomaxx Cement boasts a spectrum of appealing features such as high early strength, durability, crack resistance, low chloride permeability, and resistance to sulfate attacks. These attributes position it as an attractive option for diverse construction applications, aligning seamlessly with both performance and sustainability criteria.

Further, the construction and building sector's increased emphasis on sustainability, spurred by rigorous regulations, has resulted in a significant uptick in the request for green cement. In line with this shift, cement manufacturers such as ACC, Ambuja, HOLICIM, etc., are proactively launching products such as Ekkomaxx cement to align with changing market preferences. Consequently, the growing prominence of Ekkomaxx is expected to contribute to the growth & expansion of its market share in the green cement industry in the coming years.

The Americas to Lead the Global Green Cement Market

The increasing adoption of sustainable construction methods, government-led initiatives, and innovative approaches by manufacturers are the major factors contributing to market growth in the Americas. Nations like the US and Canada are witnessing a surge in sustainable construction practices, with builders and developers giving precedence to environmentally friendly materials, including green cement. This shift is a response to the heightened awareness of the environmental repercussions of construction activities, leading to a notable increase in the use of sustainable materials, particularly green cement, in recent years.

Furthermore, numerous companies and organizations in the region are integrating sustainability into their business strategies. This involves firm commitments to utilizing green building materials, including green cement. For instance, in 2023, Microsoft tested low-carbon concrete mixes in construction projects at its data center site in Quincy, Washington. Consequently, the increasing adoption of green cement for corporate building construction in the region is poised to drive market expansion in the upcoming years.

Global Green Cement Market Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including HOLCIM, CEMEX,S.A.B.de C.V, Heidelberg Materials, Hallett Group, SCG (Siam Cement Group), Ecocem, Green Cement Inc., Taiheiyo Cement, Taiwan Cement Ltd., Euro Cement Group, JSW Cement, Navarattan Group, UltraTech Cement Ltd., Brimstone Energy, and others are looking forward to strengthening their market positions.

Key Questions Answered in the Research Report

  1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
  2. What are the trends influencing the current scenario of the market?
  3. What key factors would propel and impede the industry across the globe?
  4. How has the industry been evolving in terms of geography & product adoption?
  5. How has the competition been shaping up across various regions?
  6. How have buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2019-30?
  7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?

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