Green Cement and Concrete Market Report – Size & Share 2030

Green Cement and Concrete Market Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Product Type (Fly Ash Based, Geopolymer, Slag Based, and Others), End-user (Commercial and Public Infrastructure, Industrial, and Residential) and Geography

  • Report Code : TIPRE00005030
  • Category : Manufacturing and Construction
  • Status : Published
  • No. of Pages : 146
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The green cement and concrete market was valued at US$ 28,662.51 million in 2022 and is projected to reach US$ 39,973.97 million by 2030; it is expected to grow at a CAGR of 4.2% during 2022–2030.

Analyst Perspective:

The global green cement and concrete market is broadly segmented into five major regions—North America, Europe, Asia Pacific, South America, and Middle East & Africa. Asia Pacific dominates the global green cement and concrete market due to the presence of top cement-producing countries such as China and India. In addition, government initiatives to reduce carbon emissions are another factor driving green cement growth in the region.

Europe is the second largest green cement and concrete market globally. Several European countries have set ambitious targets for reducing carbon emissions. For instance, in 2020, the Verein Deutscher Zementwerke e.V. (VDZ), the German cement association, presented plans for decarbonizing cement and concrete by 2050.

In North America, various cement manufacturers have been actively exploring sustainable methods of cement production by incorporating alternative raw materials and deploying carbon capture technologies. In 2022, CEMEX USA signed a corporate agreement worth US$ 3.7 million with the US Department of Energy to develop and install carbon capture technology in its cement plant. Such government initiatives is anticipated to boost the green cement and concrete market growth.

Growing construction projects in Saudi Arabia and the UAE propel the green cement and concrete market in the Middle East & Africa. In 2023, the UAE unveiled one of the major projects, Burj Binghatti, the world's tallest residential tower.

Brazil has strong construction industries, which generates the demand for green cement in South America. For instance, in 2023, the Government of Brazil announced an infrastructure development plan worth US$ 300 billion over the next four years. Such government investments are expected to boost the green cement and concrete market share of South America.

Market Overview:

Procuring stronger, better, more sustainable concrete has always been one of the major goals of the construction industry. Green cement and concrete mix, produced from industrial waste, have emerged as an alternative to ordinary Portland cement. Green cement is an environment-friendly product with a low carbon footprint. Fly ashes and slag from the blast furnace are a few of the key raw materials used in the fabrication of green cement. Disposing of fly ash and blast furnace slag can have toxic effects on the environment. Recycling them in green cement and concrete manufacturing processes helps protect the environment and ecosystems. The application of waste or recycled materials is considered a sustainable alternative as it can reduce the harmful environmental impact of carbon emissions. Nonetheless, green cement is also energy efficient and less expensive as it is manufactured from industrial waste. Further, green concrete is more tangible compared to ordinary cement, making it a viable option for high-rise constructions. In addition to industrial waste, green cement also includes limestone and calcinated clay, which help moderate its porosity and improve its mechanical strength.

Based on product type, the green cement and concrete market share is segmented into fly ash-based, geopolymer-based, and slag-based. The fly ash-based product segment leads the green cement and concrete market; this type finds potential application in structural fill for road construction. In addition, fly ash can be utilized to make ceramic tiles, bricks, plaster, ready-mix cement, and portland cement. Other segment includes grout fill, hot mix asphalt, wallboard, concrete bricks, and concrete pipes.  

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Green Cement and Concrete Market: Strategic Insights

Green Cement and Concrete Market

  • CAGR (2022 - 2030)
    4.2%
  • Market Size 2022
    US$ 28.66 Billion
  • Market Size 2030
    US$ 39.97 Billion

Market Dynamics

GROWTH DRIVERS
  • Increasing concern for mitigating carbon emissions
  • Improved functional performance and capabilities
FUTURE TRENDS
  • Growing utilization of sustainable materials in public infrastructure
OPPORTUNITIES
  • Growing investment in sustainable infrastructure

Key Players

  • ACC Cement (Adani Group)
  • China National Building Material Company Limited (CNBM)
  • Green Cement Inc
  • Anhui Conch Cement
  • Holcim Ltd.
  • JSW Cement Limited
  • Navarattan Group
  • Cemex SAB de CV
  • HeidelbergCement AG
  • UltraTech Cement Ltd

Regional Overview

  • North America
  • Europe
  • Asia-Pacific
  • South and Central America
  • Middle East and Africa

Market Segmentation

Product Type
  • Fly Ash Based
  • Geopolymer
  • Slag Based
  • Others
End-user
  • Commercial and Public Infrastructure
  • Industrial
  • Residential
Geography
  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • South and Central America
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Market Driver:

Increasing Concerns for Mitigating Carbon Emissions Globally is Driving the Green Cement and Concrete Market

The US aims to achieve net-zero emissions by 2050. In alliance with the Paris Agreement, the French government aims to eliminate greenhouse gas emissions by 50% by 2030 compared with 1990 levels. Italy has expanded its climate goals by supporting the EU-wide goal of achieving climate neutrality by 2050, as mentioned in the European Green Deal. Russia's goal to reach net zero emissions by 2060 is a long-term approach. Australia has a goal for net zero emissions by 2050. The aim is to attain net zero carbon emissions by 2030. The growing governmental focus on attaining net zero carbon emissions is a significant factor boosting the scope of green cement and concrete market in the construction industry. The goal of decarbonizing the environment with measures such as using more sustainable and eco-friendly alternatives is one of the major driving factors for the green cement and concrete market globally.

  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Segmental Analysis:

Based on product type, the green cement and concrete market is segmented into fly ash based, geopolymer, slag based, and others. The green cement and concrete market are segmented by product type into fly ash based, geopolymer, and slag-based. Magnesium oxychloride cement, ferrocrete, calcium sulfoaluminate cement, and sequestrated carbon cement are examples of other types of green cement. Cement is among the materials that are most used in building construction. The CO2 intensity in cement production is one of the major concerns for environmental protection, and in the production process of conventional cement, the carbon emission is high. The growing focus on adopting a more sustainable and greener approach to mitigate carbon emissions is boosting the green cement and concrete market growth.

Thus, the cement and concrete industry has been searching for solutions to reduce its carbon footprint by incorporating eco-friendly materials in its concrete mix, such as fly ash-based, geopolymer, and slag-based. Fly-ash-based cement has the potential to make the most significant impact in the construction industry as it can improve the efficiency of plastic concrete and the durability of hardened concrete. Furthermore, the slag-based cement combines sodium carbonate as an activator to prepare alkali-activated cement from blast furnace slag. The growing importance of greener alternatives to mitigate the hostile impact of greenhouse gas emissions on the environment is boosting the global demand for green cement and concrete. The fly ash-based segment holds the largest share in 2022 and throughout the forecasted period due to increasing demand for sustainable materials in the green cement and concrete market.

manufacturing-and-construction
Segmental Analysis:
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Regional Analysis:

The US, Canada, and Mexico are the major economies in North America that have witnessed growth in their construction activities. These countries are using the sustainable material for the infrastructure development projects with government support and initiatives. In 2020, according to the CDP North America Inc. company report, in more than 97 cities across the US invested around US$ 25.6 billion for sustainable infrastructure development projects. Further, the US government announced investment of around US$ 1.9 trillion under the America Rescue Plan with aim to ‘green building’ investments. As of 2019, there were more than 70,000 buildings and commercial places registered under the Leadership in Energy and Environmental Design (LEED), standard for the green construction. Thus, North American countries are growing at rapid pace with highest CAGR of 7.6% during the forecast period. Such growth in construction industry is further boosting the green cement and concrete market share in the US.

Key Player Analysis:

ACC Cement (Adani Group), China National Building Material Company Limited (CNBM), Green Cement Inc, Anhui Conch Cement, Holcim Ltd., JSW Cement Limited, and Navarattan Group are among the key green cement and concrete market players operating in the market.

Recent Developments: 

Inorganic and organic strategies such as mergers and acquisitions are highly adopted by companies in the global green cement and concrete market. A few recent developments by key the green cement and concrete market players are listed below:

Year

News

Region

May 2023

Adani Group-owned Ambuja Cements Ltd announced it would expand its blended cement production capacity by 14 million metric tonnes, as part of a previously announced plan to double capacity over five years. Ambuja placed orders to expand clinker capacity by 8 million tonnes at two units that would operate on green power or renewable energy and help increase production of blended green cement by 14 million tonnes.

APAC

Green Cement and Concrete Market Report Scope

Report Attribute Details
Market size in 2022 US$ 28.66 Billion
Market Size by 2030 US$ 39.97 Billion
Global CAGR (2022 - 2030) 4.2%
Historical Data 2020-2021
Forecast period 2023-2030
Segments Covered By Product Type
  • Fly Ash Based
  • Geopolymer
  • Slag Based
  • Others
By End-user
  • Commercial and Public Infrastructure
  • Industrial
  • Residential
By Geography
  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • South and Central America
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • ACC Cement (Adani Group)
  • China National Building Material Company Limited (CNBM)
  • Green Cement Inc
  • Anhui Conch Cement
  • Holcim Ltd.
  • JSW Cement Limited
  • Navarattan Group
  • Cemex SAB de CV
  • HeidelbergCement AG
  • UltraTech Cement Ltd
    • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
    Report Coverage
    Report Coverage

    Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

    Segment Covered
    Segment Covered

    Product Type, End-user and Geography

    Regional Scope
    Regional Scope

    North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

    Country Scope
    Country Scope

    This text is related
    to country scope.

    Frequently Asked Questions


    What is the future trend for the green cement and concrete market?

    The increasing concern for environmental pollution and carbon emissions from different industries has encouraged the governments of several nations to adopt more eco-friendly and sustainable alternatives with low to zero carbon emission rates. The cement industry is a major carbon-centric sector with a substantial share in growing environmental pollution worldwide. Thus, the increasing proliferation of green cement as a viable alternative to conventional cement is anticipated to maintain its growing application in the commercial and public infrastructure sector.

    What are market opportunities for the green cement and concrete market?

    Growing investment in sustainable infrastructure paves the way for green cement and concrete opportunities, encouraging the application of eco-friendly alternatives, promoting economic growth, and improving livelihoods. It also offers a pathway for countries to incorporate their infrastructure development and climate goals together by participating in projects that decrease carbon presence, including sustainable and green construction and manufacturing ecosystems.

    What are reasons behind the green cement and concrete market growth?

    Cement production is one of the highest carbon-emitting industries, accounting for ~8% of the total global CO2 emissions in 2022 as per the International Energy Agency Report. Cement is among the materials that are an integral part of modern civilization. The goal of decarbonizing the environment with measures such as using more sustainable and eco-friendly alternatives is one of the major driving factors for the green cement and concrete market globally.

    Who are the major vendors in the green cement and concrete market?

    China National Building Material Company Limited (CNBM), Anhui Conch Cement, Holcim Ltd., JSW Cement Limited, and HeidelbergCement AG are the key market players operating in the global green cement and concrete market.

    Which region to dominate the green cement and concrete market in the forecast period?

    The green cement industry is experiencing robust growth in Asia Pacific, reflecting the region's booming construction sector alongside increasing environmental concerns. Countries such as China and India, major cement producers, have recognized the need to transition to more sustainable cement production practices. This transition has led to increased investment in research and development of green cement technologies, including the use of fly ash and slag, as well as the implementation of cleaner and more energy-efficient manufacturing processes.

    The List of Companies - Green Cement and Concrete Market

    1. ACC Cement (Adani Group)
    2. China National Building Material Company Limited (CNBM)
    3. Green Cement Inc
    4. Anhui Conch Cement
    5. Holcim Ltd.
    6. JSW Cement Limited
    7. Navarattan Group
    8. Cemex SAB de CV
    9. HeidelbergCement AG
    10. UltraTech Cement Ltd

    The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

    1. Data Collection and Secondary Research:

    As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

    Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

    1. Primary Research:

    The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

    For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

    A typical research interview fulfils the following functions:

    • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
    • Validates and strengthens in-house secondary research findings
    • Develops the analysis team’s expertise and market understanding

    Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

    • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
    • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

    Below is the breakup of our primary respondents by company, designation, and region:

    Research Methodology

    Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

    1. Data Analysis:

    Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

    • 3.1 Macro-Economic Factor Analysis:

    We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

    • 3.2 Country Level Data:

    Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

    • 3.3 Company Profile:

    The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

    • 3.4 Developing Base Number:

    Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

    1. Data Triangulation and Final Review:

    The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

    We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

    We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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