Overview and Scope
Green cement refers to a form of cement produced with the help of a carbon-negative manufacturing process, which is an environmentally friendly process that reduces the carbon footprint of cement production and also reduces cement consumption. The raw materials used in it are discarded industrial wastes such as blast furnace slag, fly ash, and others.
Sizing and Forecast
The green cement market size has grown strongly in recent years. It will grow from $30.15 billion in 2023 to $33.02 billion in 2024 at a compound annual growth rate (CAGR) of 9.5%. The growth in the historic period can be attributed to increased sustainability awareness, rise in demand for low-carbon footprint materials, favorable government policies for green buildings, increased concern about greenhouse gas (ghg) emissions,rising demand from the residential construction industry.
The green cement market size is expected to see strong growth in the next few years. It will grow to $47.32 billion in 2028 at a compound annual growth rate (CAGR) of 9.4%. The growth in the forecast period can be attributed to rapid urbanization in developing countries, rising industrial activities, rise in infrastructure development, consumer preference for sustainable buildings, rising demand from the residential construction industry. Major trends in the forecast period include advancements in green cement technologies, carbon capture and utilization (ccu) in cement production, circular economy practices, carbon labeling for construction materials, collaborative research and development.
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Segmentation & Regional Insights
The green cement market covered in this report is segmented –
1) By Type: Fly-ash Based, Slag Based, Recycled Aggregates, Other Types
2) By Application: Residential, Commercial, Industrial
3) By End User: New Constructions Activities, Repair & Maintenance Activities
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North America was the largest region in the electronic warfare market in 2023.
North America was the largest region in the green cement market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the green cement market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The growth of awareness related to a reduction in carbon emissions and its detrimental effects is expected to propel the growth of the green cement market. The high contribution of the cement industry to CO2 emissions and its detrimental effects on human health have contributed to an increase in the shift towards the adoption of green cement. For instance, according to a report published by the International Energy Agency in 2022, global energy-related carbon dioxide (CO2) emissions increased by 0.9%, equivalent to 321 million metric tons, reaching a record high of more than 36.8 gigatons. Further, in February 2022, according to the Environmental Protection Agency, a US-based governmental agency, the total rise in greenhouse gas emissions had increased by around 78%, with emissions from burning fossil fuels and industrial activities accounting for about 90% of the increase across the globe. Communities across the globe are investing in green cement to reduce their contribution to emissions and increase support for sustainable building materials, which is expected to boost demand for green cement during the forecast period.
Key Industry Players
Major companies operating in the green cement market report are Associated Cement Companies Limited, Anhui Conch Cement Company Limited, Solidia Technologies Inc., Taiheiyo Cement Corporation, UltraTech Cement Limited, Votorantim Cimentos S. A., Ecocem Ireland Ltd., HeidelbergCement AG, Kiran Global Chems Limited, LafargeHolcim Ltd., Navrattan Blue Crete Industries Pvt. Ltd., Taiwan Cement Corporation, China National Building Material Group Co. Ltd., Navrattan Group, Italcementi S. p. A., CarbonCure Technologies Inc., Sociedad Anonima Bursátil de Capital Variable, CRH Public Limited Company, Hallett Group, JSW Cement Ltd., Calera Corporation, CeraTech Inc., Green Cement Inc., Holcim Ltd., Ecoplus Industries Pvt. Ltd., Carbon Clean Solutions Ltd., Blue Planet Systems Corporation, Novacem Ltd., Calix Limited, Zeobond Pty Ltd., Ashcrete Technologies Inc., Green Island Cement Company Limited, Cenin Cement Limited, Banah UK Ltd.
The green cement market report table of contents includes:
1. Executive Summary
2. Green Cement Market Characteristics
3. Green Cement Market Trends And Strategies
4. Green Cement Market – Macro Economic Scenario
5. Global Green Cement Market Size and Growth
…
31. Global Green Cement Market Competitive Benchmarking
32. Global Green Cement Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Green Cement Market
34.Green Cement Market Future Outlook and Potential Analysis
35. Appendix
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