Rising Demand for CO2 Reduction is Emphasizing the Demand for Green Cement at a CAGR of 13.3%
Latest market study on Green Cement Market to 2025 – Global Analysis and Forecasts Type (Fly Ash, Recycled Aggregate, Slag, and Others); End Users (Commercial, Residential, and Industries) – Global Analysis and Forecast”, the Green Cement market is estimated to reach US$ 42.73 Bn by 2025 from US$ 15.55 Bn in 2017. The report include key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.
The industries across the globe are continuously engaging themselves in enhancing environmental sustainability and maintain a pollution free zone in the vicinity. The cement industry is one of the major industries in CO2 emission, accounting for more than 5% of global CO2 emission. The key reason behind the emission is the decarbonation of limestone as well as the enormous amount of energy needed to heat the raw materials. Various initiatives have been undertaken by the developed nations and developing economies across the globe in order to manufacture high-class cement with improved energy and reduced CO2 emissions. Several organizations and cement manufacturers are continuously focusing on the development of energy efficient concrete material and lower the CO2 emission percentage. As the demand for commercial, residential and industrial infrastructure is rapidly increasing across the globe, the demand for energy efficient, low carbon content cement is also growing simultaneously. Attributing to these two factors, the fly ash cement, slag cement, limestone calcined clay cement, and recycled aggregates cement among others are gaining substantial prominence in the current scenario.
The rising penetration of green cement in the developing economies of Middle East and Africa, and Asia coupled with the rapidly developing commercial, residential and industrial infrastructures in these regions are proving to be the major drivers for the growth in the adoption of green cement market in the present scenario and the trend is expected to boost the market to propel in the coming years. Additionally, with an objective to reuse and complete utilization of the fly ash and slag, various governments and private organizations are undertaking initiatives to set up cement factories near respective plants. These initiatives help the country and the government to increase industries as well as utilize the residuals of thermal power plants and steel plants, thereby, propelling the fly ash cement segment and slag cement segment in the industrial sector.
The global green cement market on a global context has been segmented into two segments namely; by types and by end users. Further the market is broken down on basis of five strategic regions globally as North America, Europe, Asia Pacific, Middle East and Africa, and South America. The regions are again segmented into various countries. Based on different types of green cement the market is categorized as fly ash, recycled aggregates, slag and others. The end users segment is classified as commercial sector, residential sector and industrial sector. Geographically, the market is presently dominated by Asia Pacific region, however, the market is expected to be in favor of Middle East and Africa region during the forecast period.
The leading companies operating in the field of green cement across the globe include LafargeHolcim, Heidelberg Cement AG, Anhui Conch Cement Company Limited, Cemex S.A.B DE C.V, Votorantim Group, China Resources (Holdings) Co. Ltd., Taiwan Cement Corporation, China National Building Material Co., Ltd., Taiheiyo Cement Corporation, and Ecocem among others. Various other companies are also operating in the market and are coming up with new technologies and offerings which is helping the market for green cement to expand over the years in terms of revenue and subscription.
The report segments the global green cement market as follows:
Global Green Cement Market – By Type
Global Green Cement Market – By End User
Global Green Cement Market – By Geography
Rest of Europe
Asia Pacific (APAC)
Rest of APAC
Middle East and Africa (MEA)
Rest of MEA
South America (SAM)
Rest of SAM
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