The global green cement market is expected to grow from $24.54 billion in 2021 to $27.79 billion in 2022 at a compound annual growth rate (CAGR) of 13.23%. The green cement market size is expected to reach $42.27 billion in 2026 at a CAGR of 11.06%.
What is the Global Green Cement Market?
The green cement market consists of sales of the green cement by entities (organizations, sole traders, and partnerships), which refers to a form of cement produced with the help of a carbon-negative manufacturing process. Green cement is an environmentally friendly product that reduces the carbon footprint of cement production. Green cement production reduces cement intakes, and the raw materials used in it discarded industrial wastes such as blast furnace slag, fly ash, and others.
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What drives the Global Green Cement Market?
The growth in awareness related to a reduction in carbon emissions and its detrimental effects are expected to propel the growth of the green cement market. The high contribution of the cement industry to Co2 emissions and its detrimental effects on human health has contributed to an increase in the shift towards the adoption of green cement. For instance, according to the study published in California Efficiency Intelligence in 2019, the global cement industry accounted for 2.3 gigatons (GT) of CO2 emission, out of which 1.4 GT of CO2 are process-related emissions, 0.6 GT are direct emissions, and 0.3 GT are indirect emissions. Communities across the globe are investing in green cement to reduce their contribution to emissions and increase support for sustainable building materials, which is expected to boost demand for green cement during the forecast period.
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Global Green Cement Market Segments
The global green cement market is segmented:
By Type: Fly-ash Based, Slag Based, Recycled Aggregates, Other Types
By Application: Residential, Commercial, Industrial
By End User: New Constructions Activities, Repair & Maintenance Activities
By Geography: The regions covered in the green cement market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Green Cement Global Market Report 2022provides market size and growth forecasts for the global green cement market, global green cement market share, green cement market segments and geographies, green cement market competitive landscape including leading competitors’ revenues, profiles and market shares. The green cement market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Green Cement Industry Playersinclude ACC Limited, Anhui Conch Cement, Solidia Technologies, Taiheiyo Cement Corporation, UltraTech Cement Limited, Votorantim Cimentos, Ecocem Ireland Ltd., Heidelberg Cement, Kiran Global Chems, LafargeHolcim Ltd, Navrattan Blue Crete Industries, Taiwan Cement Corporation, CNBM,, Navrattan Group, and Italcementi. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
