How Has the Green Cement Market Size Evolved in Recent Years?
The green cement market has seen considerable growth due to a variety of factors.
• In the past few years, the green cement market size has seen significant growth. It is projected to increase from a value of $32.57 billion in 2024 to $35.51 billion in 2025, which reflects a compound annual growth rate (CAGR) of 9.0%.
The growth during the historical period can be linked to growing awareness of sustainability, increased demand for materials with a low-carbon footprint, supportive government policies towards green buildings, heightened worry about greenhouse gas (GHG) emissions, and the escalating demand from the residential construction sector.
What are the Market Size and Expected Growth Rates for the Green Cement Market?
The green cement market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of green cement is anticipated to experience significant expansion in the coming years, reaching $52.15 billion by 2029 with a compound annual growth rate (CAGR) of 10.1%.
This projected growth during the forecast period is due to fast-paced urbanization in emerging markets, growth in industrial activities, an increase in infrastructure projects, a shift towards sustainable buildings among consumers, and an upsurge in demand from the residential construction sector. The forecast period also expects to see progress in green cement technologies, the use of carbon capture and utilization (CCU) in cement making processes, implementation of circular economy methods, the introduction of carbon labeling for construction materials, and joint research and development initiatives.
Which Drivers Are Accelerating Growth In The Green Cement Market?
The escalated cognizance about the importance of decreasing carbon outputs and their harmful impact is predicted to stimulate the expansion of the green cement market. The substantial role the cement sector plays in CO2 discharges and its adverse effects on public health have led to a gradual surge in the uptake of green cement. A study by the International Energy Agency in 2022, for example, revealed that world energy-related carbon dioxide (CO2) emissions had risen by 0.9%, or 321 million metric tons, attaining an all-time high exceeding 36.8 gigatons. Moreover, the Environmental Protection Agency, a US government body, reported in February 2022 that the overall increase in greenhouse gas emissions had grown by approximately 78%. The emissions resulting from fossil fuel combustion and industrial functions were responsible for nearly 90% of this global rise. Around the world, communities are investing in green cement to diminish their emissions contribution and ramp up their support for eco-friendly construction materials. This is anticipated to heighten the demand for green cement in the upcoming forecast period.
What Are The Core Segments Of The Global Green Cement Market?
The green cement market covered in this report is segmented –
1) By Type: Fly-Ash Based, Slag Based, Recycled Aggregates, Other Types
2) By Application: Residential, Commercial, Industrial
3) By End User: New Constructions Activities, Repair And Maintenance Activities
Subsegments:
1) By Fly-Ash Based: Class F Fly Ash, Class C Fly Ash
2) By Slag Based: Ground Granulated Blast Furnace Slag (GGBFS), Other Slag Types
3) By Recycled Aggregates: Recycled Concrete Aggregates (RCA), Recycled Glass Aggregates
4) By Other Types: Alkaline Activated Cement, Bio-Based Cement, Geopolymer Cement
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Which Emerging Trends Are Reshaping The Green Cement Market Size?
Prominent enterprises in the green construction market are striving to create innovative products to ramp up sustainability, minimize environmental damage, and boost energy efficiency. This strategy aligns with a larger goal to aid the decarbonization initiatives of the construction industry in the region. For instance, Hoffmann Green Cement Technologies, a cement firm based in France, marked its first manufacturing unit in Saudi Arabia, named "H-KSA 1", in June 2024. This venture underscores a crucial advancement for Hoffmann Green in augmenting its global footprint and reaffirming its dedication to delivering environmentally astute construction materials.
Who Are the Key Players in the Green Cement Market?
Major companies operating in the green cement market include:
• Associated Cement Companies Limited
• Anhui Conch Cement Company Limited
• Solidia Technologies Inc.
• Taiheiyo Cement Corporation
• UltraTech Cement Limited
• Votorantim Cimentos S. A.
• Ecocem Ireland Ltd.
• HeidelbergCement AG
• Kiran Global Chems Limited
• Navrattan Blue Crete Industries Pvt. Ltd.
• Taiwan Cement Corporation
• China National Building Material Group Co. Ltd.
• Navrattan Group
• Italcementi S. p. A.
• CarbonCure Technologies Inc.
• Sociedad Anonima Bursátil de Capital Variable
• CRH Public Limited Company
• Hallett Group
• JSW Cement Ltd.
• Calera Corporation
• CeraTech Inc.
• Green Cement Inc.
• Holcim Ltd.
• Ecoplus Industries Pvt. Ltd.
• Carbon Clean Solutions Ltd.
• Blue Planet Systems Corporation
• Novacem Ltd.
• Calix Limited
• Zeobond Pty Ltd.
• Ashcrete Technologies Inc.
• Green Island Cement Company Limited
• Cenin Cement Limited
• Banah UK Ltd.
What are the Regional Insights into the Green Cement Market?
North America was the largest region in the green cement market in 2024.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the green cement market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
