Europe Green Cement Market to Reach US$ 15.9 Billion by 2028, Fueled by Rising Environmental Concerns

May 01, 2023 | Chemical & Materials

According to the latest report by IMARC Group, titled “Europe Green Cement Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” the Europe green cement market size reached US$ 8.4 Billion in 2022. Green cement is a cleaner and more sustainable alternative to traditional cement. It is made from a blend of industrial by-products, such as fly ash, blast furnace slag, limestone, aluminosilicates, clay, gypsum, micro silica, and recycled waste materials. Green cement has a lower environmental impact and is produced through non-carbon dioxide (CO2) emitting manufacturing processes. It also utilizes advanced technology and sustainable practices to reduce carbon emissions, energy consumption, and waste production. Geopolymer and calcium sulfoaluminate cement are the two most common product variants available in the market. Green cement is widely employed across Europe to address the growing concerns about environmental and climate change.

Europe Green Cement Market Trends:

The escalating environmental concerns and increasing awareness about climate change among individuals represent the key factor driving the Europe green cement market growth. Concurrent with this, favorable initiatives undertaken taken by numerous governmental authorities, including the European Environment Agency (EEA), promoting the adoption of sustainable practices to help control the damage caused by harmful raw materials in the construction industry is contributing to the market growth. Moreover, the implementation of stringent regulations and directives regarding the alarmingly elevated rates of carbon emissions caused by the rising population, rapid urbanization, and industrialization in the region is presenting remunerative growth opportunities for the market. In addition to this, extensive public investments in the increasing number of infrastructure projects, expanding residential and commercial construction activities, and the widespread product utilization in constructing bridges, dams, and columns to improve the resilience and sturdiness of the structure are creating a positive outlook for the market. Furthermore, innovative technological advancements in production processes and extensive investments in developing more efficient product variants offering ultra-high-strength concrete with enhanced performance are acting as other significant growth-inducing factors. Looking forward, the market value is projected to reach US$ 15.9 Billion by 2028, expanding at a CAGR of 11 % 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 the basis of the country, the market is segmented into Germany, France, the United Kingdom, Italy, Spain, and others.
The competitive landscape of the industry has also been examined, covering the competitive structure and key player profiles.

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, Country
Countries Covered	Germany, France, United Kingdom, Italy, Spain, Others
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Europe Green Cement Market to Reach US$ 15.9 Billion by 2028, Fueled by Rising Environmental Concerns

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