$4550
$3000
The green cement market was valued at US$ 15,552.7 Mn in 2017 and is expected to grow at a CAGR of 13.3% during the forecast period 2018 – 2025, to account to US$ 42,731.2 Mn by 2025.
The cement industry across the globe is experiencing a significant challenge in procuring raw materials owing to the increase in scarcity of fossil fuels, limestone and others. On the other hand, the construction growth worldwide is peaking at an exponential rate due to the rising demand for commercial sectors, residential sectors, and industries. This factor is directly proportional to the growth in demand for cement. This factor has risen the demand for other alternatives to Ordinary Portland Cement (OPC), i.e. green cement. The rapid increase in thermal power plants, steel manufacturing plants, and other manufacturing / engineering industries across the globe, produces significantly large quantity of by products such as fly ash, slag, and, micro-silica, among others. The deposition of these by products is enormous in context to their usage or consumption. Attributing to the increasing demand for cement as well as rising quantity of industrial byproducts in various countries, has propelled the governments of respective countries to undertake several initiatives to utilize the industrial byproducts into cement manufacturing. For instance, in 2017, Indian Government has issued a decision on setting up of cement factories near various thermal power plant across the country. This step is expected to reuse the fly ash produced from the thermal power plants, in manufacturing cement.
As the statistics presented by the Government, in 2015, the thermal power plants in India produced 180 million tons of fly ash and the same is expected to account for 300 million tons by 2025. The reutilization of the enormous amount of fly ash in cement manufacturing is a major step towards the growth of green cement market in the country. Similarly, Saudi Arabian Government has also undertaken initiatives to promote green cement market to a stronger position. In 2015, the government has addressed the toxic emission in production of OPC, and has enacted the builders and construction companies to use green cement as a replacement of OPC. The usage of green cement facilities in maintaining a sustainable environment, and offer clean and pollutant free atmosphere. As per the act imposed by the government, the builders use fly ash cement, slag cement, recycled aggregate cements as other alternative to Ordinary Portland Cement. This initiatives has gained significant prominence in the region, and the same is expected to bolster the market for green cement in the coming year in Saudi Arabia and other countries in Middle East and Africa. Similar trend is observed in the US in the recent times, as the builders or construction companies are heavily using fly ash cement, which accounts to ~50% of the new constructions in the country. The increasing initiatives from the governments in the developed countries and developing nations is driving the market for green cement and the rising drift towards green alternatives of OPC is projecting a prominent future for the green cement market worldwide in the coming years.
Lucrative Regions for Green Cement Market
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Market Insights
Advent of New Green Concrete Using Graphene
Cement and concrete are considered as an extraordinary building material and extensively used for buildings, road construction, and other construction projects. Owing to the large quantity of usage, traditional cement contributes five percent of total CO2 production. In order to tackle cement’s CO2 emissions, Portland clinker is replaced by other waste materials such as slag, fly ash, and recycled aggregates which are already available in the market. This green cement trap & store carbon dioxide and help to protect aging infrastructure by sealing cracks. Green cement is considered more environmentally friendly, durable, and strong as compared to traditional cement. It also reduces cement intake and green cement manufacturing process increase the cement strength which reduced porosity.
However, experts from the University of Exeter have developed new green concrete using graphene. This technique uses Nano engineering technology to incorporate graphene into traditional cement production. It can directly be used for construction on building sites and it is twice as strong as and more resistant than existing concrete. The sample for this concrete material is tested according to British and European standards for construction. Moreover, it is also helpful to reduce carbon footprints which makes it more environmentally friendly and sustainable material. Currently, graphene concrete is more of concept material and expected to commercialize in near future.
Type Market Insights
The global green cement market is segmented on basis of various types of materials such as fly ash, recycled aggregates, slags and others. Silica fumes, red mud, burnt clay, and sawdust among others are some of the materials used for green cement are considered under the others segment. The most widely used segment is the slag, which is due to the major advantage of weight reduction of the cement. Another benefit of slag is; the substance is highly resistant to acids, resulting in better quality concrete. The second most commonly used type segment in the green cement market is the fly ash which reduces carbon dioxide emission during concrete mixing. This factor has increased the demand for fly ash cement heavily, and the trend is expected to propel over the years. Pertaining to the increasing demand, the fly ash segment is poised to surge during the forecast period from 2018 – 2025.
Green Cement Market, by Type– 2017 and 2025
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END USER Market Insight
The global green cement market is categorized on basis of various end users as commercial sectors, residential sector, and industrial sector. The residential sector is the most flourished end user in green cement sector worldwide in 2017, owing to the application of the same in large quantity. Another major reason behind the dominance of residential sector in green cement market is the increasing number of applications. On the other hand, various governments in the developed economies and developing nations are investing substantial amounts in order to improve and enhance the quality of roads, highways, and fly overs with the help of green cement in the current scenario. This factor is impacting the heavily on the growth of the green cement in the commercial sector, and the trend is anticipated to continue, thereby, the market for green cement in commercial sector is foreseen to bolster during the forecast period from 2018 – 2025. Industrial sector on the hand is witnessing a fair demand of green cement as the fly ash cement or slag cement or recycled cements have the capabilities of improving workability, reducing permeability of water as well as various chemicals, and also prevents the infrastructure from acid attacks. These benefits of different types of green cement is expected to drive the market for green cement in the industrial sector over the years.
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Green Cement Market: Strategic Insights
Market Size Value in US$ 15,552.7 Million in 2017 Market Size Value by US$ 42,731.2 Million by 2025 Growth rate CAGR of 13.3% from 2018-2025 Forecast Period 2018-2025 Base Year 2018
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Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Green Cement Market: Strategic Insights
| Market Size Value in | US$ 15,552.7 Million in 2017 |
| Market Size Value by | US$ 42,731.2 Million by 2025 |
| Growth rate | CAGR of 13.3% from 2018-2025 |
| Forecast Period | 2018-2025 |
| Base Year | 2018 |
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The players operating in the enterprise content management market focus on strategies such as mergers, acquisitions, and market initiatives to maintain their positions in the market. A few developments by key players are listed below:
- In August 2018, LafargeHolcim acquired Metro Mix, LLC, a leading provider of ready-mix concrete in the Denver metropolitan area in Colorado. With this acquisition LafargeHolcim strengthens its position in the United States.
- In January 2018, TCC International unveiled a strategic cooperation agreement with Beijing Orient Landscape. Both companies will work together in the co-processing of hazardous waste from cement kilns and carry out join efforts to develop the market of “solid and hazardous waste treatment” in Mainland China.
Global Green Cement Market Segments:
Green Cement Market – By Types
- Fly Ash
- Recycled Aggregate
- Slag
- Others
Green Cement Market – By End Users
- Commercial
- Residential
- Industrial
Green Cement Market – By Geography
North America
- U.S.
- Canada
- Mexico
Europe
- France
- Germany
- Italy
- Spain
- UK
- Rest of Europe
Asia Pacific (APAC)
- Australia
- China
- India
- Japan
- Rest of APAC
Middle East & Africa (MEA)
- Saudi Arabia
- UAE
- South Africa
- Rest of MEA
South America (SAM)
- Brazil
- Rest of SAM
Companies
- ANHUI CONCH CEMENT COMPANY LIMITED.
- CEMEX, S.A.B. DE C.V.
- China National Building Material Co., Ltd.
- China Resources Cement Holdings Limited
- HEIDELBERGCEMENT AG
- LafargeHolcim Ltd
- TAIWAN CEMENT CORPORATION
- Votorantim Cimentos
- Ecocem
- Taiheiyo cement corporation
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type ; End Users ;
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
The List of Companies
1. Anhui Conch Cement Company Limited
2. CEMEX, S.A.B. DE C.V.
3. China National Building Material Co., Ltd.
4. China Resources Cement Holdings Limited
5. HEIDELBERGCEMENT AG
6. LafargeHolcim Ltd
7. TAIWAN CEMENT CORPORATION
8. Votorantim Cimentos
9. Ecocem
10. Taiheiyo Cement Corporation
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- 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.
- 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:
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.
- 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.
- 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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