Global Green Cement Market to Reach US$ 63.3 Billion by 2028, Fueled by Rising Focus on Sustainability in Construction Sector

August 28, 2023 | Chemical & Materials

According to the latest report by IMARC Group, titled “­­Green Cement Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” the global green cement market size reached US$ 31.1 Billion in 2022. Green cement, also known as sustainable or eco-friendly cement, is a revolutionary building material that mitigates the environmental impact of traditional cement production. Compared to conventional cement, which heavily relies on energy-intensive processes and contributes significantly to carbon dioxide emissions, green cement is produced using innovative technologies that reduce greenhouse gas emissions and utilize eco-friendly raw materials. It can incorporate industrial by-products, such as slag, fly ash, and silica fume, as partial substitutes for clinker, a primary component in conventional cement production. By doing so, green cement reduces the consumption of non-renewable resources and lowers carbon emissions during manufacturing. The production of green cement aligns with global sustainability goals, making it an increasingly attractive choice for construction projects seeking to adopt eco-conscious practices and reduce their carbon footprint.


Global Green Cement Market Trends:

The global green cement market is experiencing substantial growth, primarily driven by the growing awareness among governments, businesses, and consumers regarding the urgent need to tackle climate change and palliate greenhouse gas (GHG) emissions. Besides this, stringent environmental regulations and emission targets imposed by various countries have propelled the adoption of green cement in construction projects worldwide, creating a favorable market outlook. Moreover, the construction industry's shift towards sustainable practices and green building certifications, such as leadership in energy and environmental design (LEED) and building research establishment environmental assessment methodology (BREEAM), has fueled the demand for eco-friendly construction materials such as green cement. In addition to this, the increasing support from investors, environmental organizations, and sustainability-driven initiatives, such as financial incentives, grants, and subsidies, offered to projects that utilize green cement further encourage its adoption in the construction sector. Concurrently, the rising consumer awareness and preferences for environmentally responsible products have influenced the demand for green cement as end-users seek to make environmentally conscious choices in their living spaces. Furthermore, the integration of advanced technologies in cement production, such as carbon capture and utilization (CCU) and carbon capture and storage (CCS), reducing the carbon footprint of green cement is aiding in market expansion. Looking forward, the market value is projected to reach US$ 63.3 Billion by 2028, expanding at a CAGR of 12.3% during 2023-2028.


Market Summary:

  • On the basis of the product type, the market has been segregated into fly ash-based, slag-based, limestone-based, silica fume-based, and others.
  • Based on the end-use industry, the market is categorized into residential, non-residential, and infrastructure.
  • On a regional basis, the market has been segmented into North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America.
  • The competitive landscape of the market has also been examined, with some of the key players being CarbonCure Technologies Inc., CEMEX S.A.B. de C.V., CRH plc, LafargeHolcim Ltd, Fortera Corporation, HeidelbergCement AG, Siam Cement Public Company (SCG), Kiran Global Chem Limited, CeraTech, Taiheiyo Cement Corporation, Anhui Conch Cement Company Limited, Votorantim Cimentos S.A., UltraTech Cement Ltd., ACC Ltd., etc.


Report Scope:

Report Features Details
Base Year of the Analysis 2022
Historical Period 2017-2022
Forecast Period 2023-2028
Units US$ Billion
Segment Coverage Product Type, End-Use Industry, Region
Region Covered Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Companies Covered CarbonCure Technologies Inc., CEMEX S.A.B. de C.V., CRH plc, LafargeHolcim Ltd, Fortera Corporation, HeidelbergCement AG, Siam Cement Public Company (SCG), Kiran Global Chem Limited, CeraTech, Taiheiyo Cement Corporation, Anhui Conch Cement Company Limited, Votorantim Cimentos S.A., UltraTech Cement Ltd. and ACC Ltd.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
 

Contact Us:

IMARC Group
134 N 4th St.
Brooklyn, NY 11249, USA
Email: Sales@imarcgroup.com
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Global Green Cement Market to Reach US$ 63.3 Billion by 2028, Fueled by Rising Focus on Sustainability in Construction Sector
Purchase options Year End sale



Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us
UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-713-2163

Email: sales@imarcgroup.com

Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More
KRISHAK BHARTI CO-OP LTD

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More
Stax

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More