Global Green Cement Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Product (Granulated Blast Furnace Slag, Fly Ash Based, Recycled Aggregates, Others), By Application (Commercial, Residential, Industrial), And By Geography - Forecasts From 2021 To 2026

Published:  Aug 2021 Report Code: KSI061612281 Pages: 122

The global green cement market is expected to grow at a compound annual growth rate of 11.79% over the forecast period to reach a market size of US$40.916 billion in 2026 from US$20.962 billion in 2020. Green cement is a form of concrete/cement formed to reduce the carbon footprint during the time of manufacturing.

The rising need to reduce the carbon footprint on the environment is driving the global green cement market growth over the forecast period. Also, it is estimated that on average, a singleton of traditional portland cement releases approximately more than 5% of the total man-made carbon emissions globally.

The emission of greenhouse gas has been increasing globally as the trend of industrialization continues. In fact, the percentage of countries committed to peaking their emission is expected to increase from 36% in 2010 to 60% in 2030 (source: Emission Gap Report, United Nations Environment Programme). This is correlated with the steady increase in the production of ordinary Portland cement (OPC). In fact, the cement industry is estimated to contribute to approximately 5% of the carbon dioxide emission. Apart from the carbon dioxide, the cement factories are also responsible for steadily contributing to rising levels of Sulphur dioxide and nitrous oxides in the atmosphere.

As such, efforts are being made to reduce the overall emission level. The cement manufacturers focus on reducing the emissions released during cement production by tweaking the raw materials used in it. Furthermore, the use of green materials during cement production also tends to reduce the energy-requiring during the production, which further contributes to the overall goal of maintaining sustainable emission levels. Thus, the global focus on reducing the overall greenhouse gas emissions is driving the growth of the market.

The green cement market has been segmented as granulated blast furnace slag, fly-ash-based, recycled aggregates, and others by product. The fly-ash-based green cement is estimated to hold a noteworthy share in the global market and is anticipated to maintain its share during the forecast period. Additionally, the granulated blast furnace slag cement is projected to grow significantly on account of steady improvement in understanding of its benefits.

By application, the green cement market is segmented based on commercial, residential, and industrial. The residential application is estimated to dominate the market with more than 50% share in 2020 and is further anticipated to grow rapidly on account of rising disposable income and steady reduction in borrowing costs that is further driving the demand for residential units. Further, the commercial application segment is projected to grow at a significant pace on account of growing investment in the development of educational structures and shopping centres in developing countries like India and China. While the industrial application is also anticipated to provide significant growth opportunities for manufacturers in various parts of the world.

By geography, the global green cement market has been segmented into North America, South America, Europe, the Middle East and Africa, and the Asia Pacific. North America holds a major share in the market on account of burgeoning investment in green building construction by major countries like The U.S.A., Canada, and others. The United States Environment Protection Agency (EPA) set strict regulations regarding greenhouse gas emission reduction is driving the green cement market growth. The European region is projected to witness good growth during the forecast period owing to strict regulations imposed by local governments and the European Union (EU) to curb carbon emissions. Furthermore, growing construction activity in the region is further expected to upscale the green cement market in the coming years.

The Asia Pacific is expected to be the fastest-growing region on account of growing investment in the green building requiring the use of green cement. In addition, rising CO2 emissions in the region and increasing government initiatives to tackle carbon emissions are expected to boost the adoption of green cement in the region. In the Middle East and Africa, favourable government programs and policies promoting green construction in regions such as Saudi Arabia and Israel are expected to augment the demand for green cement in the upcoming years. The burgeoning focus of the government on reducing their carbon footprint is anticipated to bolster the green cement market growth in the region.

The major players profiled in the Global Green Cement market include LafargeHolcim, Anhui Conch Cement Company Limited, HEIDELBERG CEMENT AG, CEMEX S.A.B. de C.V., TAIHEIYO CEMENT CORPORATION, ECOCHEM, Solidia Technologies, UltraTech Cement Ltd., and Kiran Global Chem Limited.

Green Cement Market Scope:

Report Metric Details
 Market size value in 2020  US$20.962 billion
 Market size value in 2026  US$40.916 billion
 Growth Rate  CAGR of 11.79% from 2020 to 2026
 Base year      2020
 Forecast period  2021–2026
 Forecast Unit (Value)  USD Billion
 Segments covered  Type, Applications, And Geography
 Regions covered  North America, South America, Europe, Middle East and Africa, MEA, Asia Pacific
 Companies covered  LafargeHolcim, Anhui Conch Cement Company Limited, HEIDELBERG CEMENT AG,   CEMEX S.A.B. de C.V., TAIHEIYO CEMENT CORPORATION, ECOCHEM, Solidia   Technologies, UltraTech Cement Ltd., and Kiran Global Chem Limited.
 Customization scope  Free report customization with purchase

 

Segmentation:

  • By Type
    • Granulated blast furnace slag
    • Fly ash based
    • Recycled Aggregates
    • Others
  • By Applications
    • Commercial
    • Residential
    • Industrial
  • By geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • Germany
      • United Kingdom
      • France
      • Others
    • Middle East and Africa
      • Saudi Arabia
      • UAE
      • Others
    • Asia Pacific
      • China
      • Japan
      • South Korea
      • India
      • Others

Frequently Asked Questions (FAQs)

Q1. What will be the green cement market size by 2026?
A1. The global green cement market is expected to reach a total market size of US$40.916 billion by 2026.


Q2. What is the size of the global green cement market?
A2. Green Cement market was valued at US$20.962 billion in 2020. 


Q3. What are the growth prospects for the green cement market?
A3. The green cement market is expected to grow at a CAGR of 11.79% during the forecast period.


Q4. What factors are anticipated to drive the green cement market growth?
A4. The rising need to reduce the carbon footprint from the environment is driving the global green cement market growth over the forecast period.


Q5. Which region holds the largest market share in the global green cement market?
A5. North America holds a major share in the global green cement market on account of burgeoning investment in green building construction by major countries like The U.S.A., Canada, and others.

1. Introduction
1.1. Market Definition
1.2. Market Segmentation
 
2. Research Methodology
2.1. Research Data
2.2. Assumptions
 
3. Executive Summary
3.1. Research Highlights
 
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. The threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
 
5. Global Green cement Market Analysis, By Type (Value in US$ billion) (Volume in Tons)
5.1. Introduction
5.2. Granulated blast furnace slag
5.3. Fly ash based
5.4. Recycled Aggregates
5.5. Others
 
6. Global Green cement Market Analysis, By Applications (Value in US$ billion) (Vol-ume in Tons)
6.1. Introduction
6.2. Commercial
6.3. Residential
6.4. Industrial
 
7. Global Green cement Market Analysis, by Geography (Value in US$ billion) (Volume in Tons)
7.1. Introduction
7.2. North America (Value in US$ billion) (Volume in Tons)
7.2.1. North America Green cement Market Analysis, By Type, 2020 to 2026
7.2.2. North America Green cement Market Analysis, By Application, 2020 to 2026
7.2.3. By Country
7.2.3.1. United States
7.2.3.2. Canada
7.2.3.3. Mexico
7.3. South America (Value in US$ billion) (Volume in Tons)
7.3.1. South America Green cement Market Analysis, By Type, 2020 to 2026
7.3.2. South America Green cement Market Analysis, By Application, 2020 to 2026
7.3.3. By Country
7.3.3.1. Brazil
7.3.3.2. Argentina
7.3.3.3. Others
7.4. Europe (Value in US$ billion) (Volume in Tons)
7.4.1. Europe Green cement Market Analysis, By Type, 2020 to 2026
7.4.2. Europe Green cement Market Analysis, By Application, 2020 to 2026
7.4.3. By Country
7.4.3.1. Germany
7.4.3.2. United Kingdom
7.4.3.3. France
7.4.3.4. Others
7.5. The Middle East and Africa (Value in US$ billion) (Volume in Tons)
7.5.1. Middle East and Africa Green cement Market Analysis, By Type, 2020 to 2026
7.5.2. Middle East and Africa Green cement Market Analysis, By Application, 2020 to 2026
7.5.3. By Country
7.5.3.1. Saudi Arabia
7.5.3.2. UAE
7.5.3.3. Others
7.6. Asia Pacific (Value in US$ billion) (Volume in Tons)
7.6.1. Asia Pacific Green cement Market Analysis, By Type, 2020 to 2026
7.6.2. Asia Pacific Green cement Market Analysis, By Application, 2020 to 2026
7.6.3. By Country
7.6.3.1. China
7.6.3.2. Japan
7.6.3.3. South Korea
7.6.3.4. India
7.6.3.5. Others
 
8. Competitive Environment and Analysis
8.1. Major Players and Strategy Analysis
8.2. Emerging Players and Market Lucrativeness
8.3. Mergers, Acquisitions, Agreements, and Collaborations
8.4. Vendor Competitiveness Matrix
 
9. Company Profiles
9.1. LafargeHolcim
9.2. Anhui Conch Cement Company Limited
9.3. HEIDELBERGCEMENT AG
9.4. CEMEX S.A.B. de C.V.
9.5. TAIHEIYO CEMENT CORPORATION
9.6. ECOCHEM
9.7. Solidia Technologies
9.8. UltraTech Cement Ltd
9.9. Kiran Global Chem Limited

LafargeHolcim

Anhui Conch Cement Company Limited

HEIDELBERGCEMENT AG

CEMEX S.A.B. de C.V.

TAIHEIYO CEMENT CORPORATION

ECOCHEM

Solidia Technologies

UltraTech Cement Ltd

Kiran Global Chem Limited

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