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The global green cement market was valued at US$ 27.2 Billion in 2021.
We expect the global green cement market to exhibit a CAGR of 12.8% during 2022-2027.
The growing environmental concerns, along with the rising utilization of green cement as it reduces carbon emissions, provides better functionality, and requires fewer natural materials during production, are primarily driving the global green cement market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in the temporary halt in numerous construction activities, thereby limiting the demand for green cement.
Based on the product type, the global green cement market has been segmented into fly ash-based, slag-based, limestone-based, silica fume-based, and others. Among these, fly ash-based currently holds the majority of the total market share.
Based on the end-use industry, the global green cement market can be divided into residential, non-residential, and infrastructure. Currently, the residential sector exhibits a clear dominance in the market.
On a regional level, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where North America currently dominates the global market.
Some of the major players in the global green cement market include CarbonCure Technologies Inc., Cemex, CRH plc, LafargeHolcim, Calera, Heidelberg Cement, Siam Cement Public Company (SCG), Kiran Global Chems, CeraTech, Taiheiyo Cement Corporation, Anhui Conch Cement, Votorantim cimentos S.A., UltraTech Cement Ltd., ACC Ltd., etc.
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