Market Research Report

Global Green Cement Market Research Report: Forecast (2024-2030)

Green Cement Market- By Type (Ekkomaxx Cement, Geopolymer Cement, Others), By Raw Material (Fly Ash, Slag, Recycled Glass, Silica Fumes, Recycled Concrete Aggregates, Others), By E...nd User (Residential, Commercial & Industrial, Public Infrastructures) and others Read more

  • Buildings, Construction, Metals & Mining
  • Apr 2024
  • 201
  • BM33031

Market Definition

Green cement, also known as sustainable or environmentally friendly cement, refers to a type of cement that is produced with a focus on minimizing its impact on the environment. The primary goal of green cement is to reduce carbon emissions and energy consumption associated with traditional cement production methods. Traditional Portland cement production involves high-temperature processes, emitting significant carbon dioxide. Green cement tackles this by using alternative materials or innovative production methods, aiming to minimize greenhouse gas emissions in the construction industry.

Market Insights & Analysis: Global Green Cement Market (2024-30):

The Global Green Cement Market is estimated to grow at a CAGR of around 8.7% during the forecast period, i.e., 2024-30. The market growth imputes regulatory support, surging investment infrastructure developments, business sustainability initiatives, etc. Stringent environmental regulations and government initiatives promoting sustainable construction practices encourage the adoption of green cement. Countries such as the UK, the US, Germany, Australia, etc., are implementing various environmental regulations to mitigate the carbon footprint from their construction sector, as it is one of the major sectors responsible for carbon emissions across the globe.

Report Coverage Details
Study Period Historical Data: 2019-22
Base Year: 2023
Forecast Period: 2024-30
CAGR (2024-2030) 8.7%
Regions Covered Americas: US, Canada, Mexico
Europe: Germany, The UK, France, Spain, Italy, Rest of Europe
Asia-Pacific: China, India, Australia, New Zealand, Rest of Asia-Pacific
Middle East & Africa: UAE, Saudi Arabia, South Africa, Rest of MEA
Key Companies Profiled 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, Others
Unit Denominations USD Million/Billion

 

Around 10 GT of carbon dioxide (CO2) was emitted into the atmosphere in 2021 by the construction sector, according to the 2022 Global Status Report for Buildings and Construction. Countries across the world have aimed to reduce carbon emissions from the construction sector as part of the Paris Agreement in 2021. As a result, to achieve this, the government has started to deploy stringent regulations to abate the carbon emissions from the sector. Consequently, this resulted in a higher requirement for low-carbon cement globally, fostering the growth & expansion of the Global Green Cement Market.

Moreover, as urbanization continues to shape the landscape of various regions, there is a parallel surge in infrastructure development projects and investment in developing economies to support the growing populations and economic activities. In 2021, the U.S. and its allies announced the initiation of the Build Back Better World (B3W) initiative, aiming to address the substantial infrastructure gap worth about USD 40 trillion in the developing world. These major investments would boost infrastructure activities across Asia, Africa, Latin America, and Europe. This would create a heightened necessity for green cement for infrastructure activities in the coming years, as many governments, such as the UK, India, Germany, etc., recognize the importance of sustainable infrastructure and implement initiatives that could encourage or mandate the use of environmentally friendly construction materials. Thus, the demand for green buildings would increase during the forecast period.


Global Green Cement Market Research Report: Forecast (2024-2030)

Global Green Cement Market Driver:

Growing Construction of Green Buildings to Amplify Market Growth – The increase in sustainability drive and climate change adaptation across the world is resulting in the rising construction of green buildings, which has created a favorable environment for green cement growth. In healthy and efficient green buildings, integrated and comprehensive processes and approaches are implemented during the planning, design, and construction phases of a building’s lifecycle to satisfy this holistic perspective. The utilization of green cement in green buildings exemplifies a sustainable construction approach. Green cement, produced with reduced carbon emissions and environmentally friendly raw materials, aligns with the eco-conscious principles of green buildings. This eco-friendly alternative contributes to lower environmental impact, improved energy efficiency, and a reduced carbon footprint in the construction industry. These factors lead to the increased adoption of green cement in the construction of green buildings.

Moreover, the national governments in the UK, India, the US, China, etc., are increasingly promoting the construction of green buildings to reduce carbon emissions from the construction sector by providing incentives, tax credits, and regulatory support. This heightened support from the authorities would result in the increased construction of green buildings in the world in the coming years, resulting in a surging requirement for green cement, thus in turn augmenting the size & volume of the Global Green Cement Market.

Global Green Cement Market Opportunity:

Surging Sustainable Smart City Projects to Offer Lucrative Opportunities – Developing economies like Saudi Arabia, Oman, Malaysia, India, Brazil, etc., have announced the biggest smart city projects such as NAINA Smart City India, Saudi’s NEOM, Forest Island Malaysia, Mukaab of the UAE, and more in recent times. These projects prioritize sustainable construction for residential, commercial, and high-rise structures to accommodate urban growth, emphasizing energy efficiency.

With a focus on environmentally conscious infrastructure, the demand for construction materials with a reduced carbon footprint, like green cement, is expected to rise. Developers and construction firms would favor green cement over Portland cement, as it is responsible for huge carbon emissions. According to the Portland Cement Association, manufacturing a cubic yard of concrete (about 3,900 lbs.) is responsible for emitting around 400 lbs. of CO2. Therefore, surging sustainable smart city projects are anticipated to offer lucrative opportunities for the growth & development of the Global Green Cement Industry in the coming years.

Global Green Cement Market Challenge:

Low Split Tensile Strength & Uncertainty of the Green Cement Lifecycle to Slow Down Market Growth – The split tensile strength of cement is a crucial mechanical property that measures its ability to resist tensile stresses and cracking. Tensile strength is the capacity of a material to withstand pulling or stretching forces, and in the context of concrete, it is particularly important for preventing cracks and ensuring structural integrity. The split tensile strength is determined by applying a force that tries to split a cylindrical concrete specimen. The case of green cement, which is designed to be more environmentally friendly and sustainable, is considered to have low split tensile strength compared to traditional ones due to factors such as material composition, curing & setting time, innovative mix design, etc. Green concrete incorporates alternative binders or supplementary materials such as fly ash, slag, silica fume, and calcined clay to reduce the carbon footprint of the production, but these materials do not exhibit the same split tensile strength compared to Portland cement. This would restrain the shift towards green cement from traditional cement, thus, in turn, slowing down market growth & expansion.

Global Green Cement Market Trend:

Rapid Expansion of Green Cement Production – The global cement industry is witnessing a notable shift as manufacturers increasingly invest in the expansion of green cement production. This is due to the heightened environmental concern related to traditional Portland cement manufacturing, the focus on the circular economy, and the growing demand for sustainable construction projects. This strategic pivot involves substantial investments in research, technology, and infrastructure to scale up the production of green cement by the biggest cement companies, such as Holcim, Cemex, ACC, etc., in recent years.

For instance, in 2023, Adani Cements announced its plan to quadruple the output of the product to around 140 million tons per year (MTPA) by FY28, mainly focused on green cement production. The expansion of green cement production is leading to market growth by expanding its availability and accessibility. This, in turn, influences market penetration in countries such as India, European nations, China, the US, etc., where sustainable construction practices are gaining traction due to the surging push for eco-friendly practices by governments, regulatory bodies, and consumers.

Global Green Cement Market (2024-30): Segmentation Analysis

The Global Green Cement Market study of MarkNtel Advisors evaluates & highlights the major trends and influencing factors in each segment. It includes predictions for the period 2024–2030 at the global level. According to the analysis, the market has been further classified as:

Based on Type:

  • Ekkomaxx
  • Geopolymer Cement
  • Others (Sequestrated Carbon Cement, Superheated Steam Cement, etc.

Ekkomax has held a prominent share of the market in recent years due to its growing introduction by companies, performance characteristics, and regulatory compliance. Ekkomaxx Cement offers a range of desirable features, including high early strength, resilience, crack resistance, low chloride permeability, sulfate attack resistance, etc. These characteristics make it an attractive choice for various construction applications, meeting both performance and sustainability criteria.

Additionally, the construction and building sector's heightened focus on sustainability, driven by stringent regulations, has led to a notable increase in the demand for green cement. In response to this trend, cement manufacturers are actively introducing products like Ekkomaxx cement to meet evolving market preferences. For instance, in 2023, ACC, one of the leading cement manufacturers in India, launched ACC ECOMaxX, an expert range of green concrete solutions. As a result, the expanding presence of Ekkomaxx is anticipated to play a role in augmenting its market share within the green cement sector in the forthcoming years.

Based on Raw Material:

  • Fly Ash
  • Slag
  • Recycled Glass
  • Silica Fumes
  • Recycled Concrete
  • Others (Bamboo Leaf Ash, Aluminum Sand, etc.)

Fly ash is poised to dominate the Global Green Cement Market from 2024 to 2030 due to its abundant availability and pozzolanic properties. Originating as a byproduct from the combustion of pulverized coal in thermal power plants, fly ash has seen heightened demand alongside the global surge in energy requirements. According to the Energy Institute in 2023, global coal production in 2022 has increased by around 7.9%, reaching an all-time high and resulting in more than 8,800 million tons. This upswing in coal production for thermal power plants is expected to result in a substantial rise in fly ash generation. Consequently, the increased availability of fly ash is anticipated to be strategically utilized for green cement production in the coming years, aligning with the principles of the circular economy and waste reduction.

Global Green Cement Market (2024-30): Regional Projections

Geographically, the Global Green Cement Market expands across:

  • The Americas
  • Europe
  • The Middle East and Africa
  • Asia-Pacific

The Americas holds a major share of the Global Green Cement market owing to growing sustainable construction practices, government initiatives, and innovations by manufacturers. Countries such as the US and Canada have seen a rise in sustainable construction practices, where builders and developers prioritize environmentally friendly materials, including green cement. This shift is driven by increased awareness of the environmental impact of construction activities. Hence, this has resulted in the growing usage of sustainable materials, including green cement, in recent years.

Moreover, many businesses and entities in the area are integrating sustainability into their strategic plans, showcasing their dedication to utilizing green building materials and green cement. For instance, in 2023, Amazon Web Services (AWS) signed an agreement with HOLICIM to use low-carbon EcoPact concrete for building work in Northern Virginia. As a result, the growing corporate embrace of green cement in construction projects is positioned to play a role in the market's expansion in the region in the upcoming years.

Global Green Cement Industry Recent Development:

  • In 2023, Holcim contracted with Amazon Web Services (AWS) to supply low-carbon green cement EcoPact concrete for building work in North Virginia.

Gain a Competitive Edge with Our Global Green Cement Market Report

  1. Global Green Cement Market Report by Markntel Advisors provides a detailed & thorough analysis of market size, growth rate, competitive landscape, and key players. This comprehensive analysis helps businesses gain a holistic understanding of market dynamics & make informed decisions.
  2. This report also highlights current market trends & future projections, allowing businesses to identify emerging opportunities & potential challenges. By understanding market forecasts, companies can align their strategies & stay ahead of the competition.
  3. Global Green Cement Market Report aids in assessing & mitigating risks associated with entering or operating in the market. By understanding market dynamics, regulatory frameworks, and potential challenges, businesses can develop strategies to minimize risks & optimize their operations.

Frequently Asked Questions

   A. The Green Cement Market is expected to grow at a compound annual growth rate (CAGR) of around 8.7% over the forecast period.

   A. The growing construction of green buildings is a prominent factor expected to drive the Green Cement Market during 2024-30.

   A. 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 some of the top companies in the Green Cement Market.

   A. Based on raw material, the fly ash segment is anticipated to hold the largest share of the Green Cement Market.

   A. The Americas would showcase higher growth prospects in the Green Cement Market during 2024-30.

   A. The rapid expansion of green cement production is one of the key trends shaping the growth of the Green Cement Market.

   A. The surging sustainable smart city projects are the growth opportunities driving the Green Cement Market.

  1. Market Segmentation
  2. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
  3. Executive Summary
  4. Global Cement Industry Outlook, 2024
    1. Production vs Consumption (Million Tons)
    2. Average Annual Emissions from Production of Cement
    3. Initiatives taken by National Governments to Curb Emissions
  5. The Potential Use of Green Hydrogen in Decarbonizing the Cement Industry, 2024
  6. Global Green Cement Market Trends & Insights
  7. Global Green Cement Market Dynamics
    1. Drivers
    2. Challenges
  8. Global Green Cement Market Growth Opportunities & Hotspots
  9. Global Green Cement Market Policy & Regulations
  10. Global Green Cement Market Supply Chain Analysis
  11. Global Green Cement Market Outlook, 2021-2030F
    1. Market Size & Outlook
      1. By Revenues (USD Million)
    2. Market Share & Outlook
      1. By Type
        1. Ekkomaxx Cement - Market Size & Forecast 2021-2030F, USD Million
        2. Geopolymer Cement - Market Size & Forecast 2021-2030F, USD Million
        3. Others (Sequestrated Carbon Cement, Superheated Steam Cement, etc.)- Market Size & Forecast 2021-2030F, USD Million
      2. By Raw Material
        1. Fly Ash- Market Size & Forecast 2021-2030F, USD Million
        2. Slag- Market Size & Forecast 2021-2030F, USD Million
        3. Recycled Glass- Market Size & Forecast 2021-2030F, USD Million
        4. Silica Fumes- Market Size & Forecast 2021-2030F, USD Million
        5. Recycled Concrete Aggregates- Market Size & Forecast 2021-2030F, USD Million
        6. Others (Bamboo Leaf Ash, Aluminium Sand)- Market Size & Forecast 2021-2030F, USD Million
      3. By End User
        1. Residential- Market Size & Forecast 2021-2030F, USD Million
        2. Commercial & Industrial- Market Size & Forecast 2021-2030F, USD Million
        3. Public Infrastructures (Roads, Bridges, etc.)- Market Size & Forecast 2021-2030F, USD Million
      4. By Region
        1. The Americas
        2. Europe
        3. The Middle East and Africa
        4. Asia-Pacific
      5. By Company
        1. Competition Characteristics
        2. Revenue Shares & Analysis
  12. The Americas Green Cement Market Outlook, 2021-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Type- Market Size & Forecast 2021-2030F, USD Million
      2. By Raw Material- Market Size & Forecast 2021-2030F, USD Million
      3. By End User- Market Size & Forecast 2021-2030F, USD Million
      4. By Country
        1. The US
        2. Canada
        3. Mexico
        4. Rest of the Americas
    3. The US Green Cement Market Outlook, 2021-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Type- Market Size & Forecast 2021-2030F, USD Million
        2. By End User- Market Size & Forecast 2021-2030F, USD Million
    4. Canada Green Cement Market Outlook, 2021-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Type- Market Size & Forecast 2021-2030F, USD Million
        2. By End User- Market Size & Forecast 2021-2030F, USD Million
    5. Mexico Green Cement Market Outlook, 2021-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Type- Market Size & Forecast 2021-2030F, USD Million
        2. By End User- Market Size & Forecast 2021-2030F, USD Million
  13. Europe Green Cement Market Outlook, 2021-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Type- Market Size & Forecast 2021-2030F, USD Million
      2. By Raw Material- Market Size & Forecast 2021-2030F, USD Million
      3. By End User- Market Size & Forecast 2021-2030F, USD Million
      4. By Country
        1. Germany
        2. The UK
        3. France
        4. Italy
        5. Spain
        6. Rest of Europe
    3. Germany Green Cement Market Outlook, 2021-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Type- Market Size & Forecast 2021-2030F, USD Million
        2. By End User- Market Size & Forecast 2021-2030F, USD Million
    4. The UK Green Cement Market Outlook, 2021-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Type- Market Size & Forecast 2021-2030F, USD Million
        2. By End User- Market Size & Forecast 2021-2030F, USD Million
    5. France Green Cement Market Outlook, 2021-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Type- Market Size & Forecast 2021-2030F, USD Million
        2. By End User- Market Size & Forecast 2021-2030F, USD Million
    6. Italy Green Cement Market Outlook, 2021-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Type- Market Size & Forecast 2021-2030F, USD Million
        2. By End User- Market Size & Forecast 2021-2030F, USD Million
    7. Spain Green Cement Market Outlook, 2021-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Type- Market Size & Forecast 2021-2030F, USD Million
        2. By End User- Market Size & Forecast 2021-2030F, USD Million
  14. The Middle East and Africa Green Cement Market Outlook, 2021-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Type- Market Size & Forecast 2021-2030F, USD Million
      2. By Raw Material- Market Size & Forecast 2021-2030F, USD Million
      3. By End User- Market Size & Forecast 2021-2030F, USD Million
      4. By Country
        1. Saudi Arabia
        2. The UAE
        3. South Africa
        4. Rest of Middle East and Africa
    3. Saudi Arabia Green Cement Market Outlook, 2021-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Type- Market Size & Forecast 2021-2030F, USD Million
        2. By End User- Market Size & Forecast 2021-2030F, USD Million
    4. The UAE Green Cement Market Outlook, 2021-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Type- Market Size & Forecast 2021-2030F, USD Million
        2. By End User- Market Size & Forecast 2021-2030F, USD Million
    5. South Africa Green Cement Market Outlook, 2021-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Type- Market Size & Forecast 2021-2030F, USD Million
        2. By End User- Market Size & Forecast 2021-2030F, USD Million
  15. Asia-Pacific Green Cement Market Outlook, 2021-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Type- Market Size & Forecast 2021-2030F, USD Million
      2. By Raw Material- Market Size & Forecast 2021-2030F, USD Million
      3. By End User- Market Size & Forecast 2021-2030F, USD Million
      4. By Country
        1. China
        2. India
        3. Australia & New Zealand
        4. Rest of Asia Pacific
    3. China Green Cement Market Outlook, 2021-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Type- Market Size & Forecast 2021-2030F, USD Million
        2. By End User- Market Size & Forecast 2021-2030F, USD Million
    4. India Green Cement Market Outlook, 2021-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Type- Market Size & Forecast 2021-2030F, USD Million
        2. By End User- Market Size & Forecast 2021-2030F, USD Million
    5. Australia & New Zealand Green Cement Market Outlook, 2021-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Type- Market Size & Forecast 2021-2030F, USD Million
        2. By End User- Market Size & Forecast 2021-2030F, USD Million
  16. Global Green Cement Market Key Strategic Imperatives for Growth & Success
  17. Competitive Benchmarking
    1. Company Profiles (Business Description, Product Offering, Strategic Alliances or Partnerships, etc.)
      1. HOLCIM 
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      2. CEMEX, S.A.B. de C.V.    
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      3. Heidelberg Materials 
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      4. Hallett Group
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      5. SCG (Siam Cement Group)
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      6. Ecocem 
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      7. Green Cement Inc.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      8. Taiheiyo Cement 
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      9. Taiwan Cement Ltd.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      10. Euro Cement Group 
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      11. JSW Cement
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      12. Navrattan Group
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      13. UltraTech Cement Ltd.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      14. Brimstone Energy
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      15. Others
  18. Disclaimer


Green Cement Market Segmentation