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.
The main types of green cement are fly-ash-based, slag-based, and recycled aggregates. The term fly ash-based green cement refers to a byproduct of coal combustion. In some concrete mixtures, it can be used to replace up to 35% of the cement. Green cement is used in residential, commercial, and industrial areas for new construction activities, repair and maintenance activities.
The green cement market research report is one of a series of new reports that provides green cement market statistics, including green cement industry global market size, regional shares, competitors with a green cement market share, detailed green cement market segments, market trends and opportunities, and any further data you may need to thrive in the green cement industry. This green cement market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
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.
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.
The growing construction industry is expected to boost the growth of the green cement market going forward. The construction industry refers to the commercial manufacturing and trade sector that deals with developing, preserving, and repairing infrastructures. The growth of the construction industry, coupled with increasingly stringent environmental regulations and building codes, compels greater adherence to these standards, thereby accelerating the adoption of green cement due to its eco-friendly characteristics. For instance, in February 2022, according to the report published by the Office for National Statistics, a UK-based administrative office of the United Kingdom Statistics Authority, the annual construction sector rose by a record 12.7% in 2021 compared to the previous year. Similarly, in December 2021, the volume of monthly construction output climbed by 2.0%; this was entirely due to a rise in new work (3.5%). In addition to the monthly rise, the construction industry's quarterly production climbed by 1.0% in Q4 2021 compared to Q3. This increase was driven by both new work (1.1%) and repair and maintenance (0.8%). Therefore, the growing construction industry is driving the growth of the green cement market.
Technological innovations in green cement are a key trend gaining popularity in the green cement market. Major companies operating in the green cement sector are focused on developing new technological solutions to expand their existing product portfolio and strengthen their position in green cement, or eco-friendly cement. For instance, in February 2021, ACC Limited, an India-based cement manufacturer and subsidiary of the Holcim Group, launched EcoPact green cement to bring down carbon emissions due to production and implementation. EcoPact is a ready-mix concrete that reduces CO2 emissions by up to 100%. These innovations are a key trend in the green cement market.
Major companies operating in the green cement market are developing innovative products such as low-carbon footprint green cement to meet larger customer bases, increase sales, and increase revenue. Low-carbon footprint green cement refers to a type of cement that is produced with a significantly reduced environmental impact compared to traditional Portland cement. For instance, in July 2021, Holcim Group, a Switzerland-based building materials company, launched ECOPlanet green cement. A distinctive aspect of this product is that it provides a minimum 30% reduction in carbon footprint while maintaining high performance standards. Holcim's exceptional formulation expertise underpins the sustainability of ECOPlanet, which relies on innovative, low-emission raw materials such as calcined clay and recycled construction and demolition waste.
In February 2022, Eco Material Technologies, a US-based manufacturer of sustainable cementitious materials, acquired Boral Resources, a North American-based fly ash provider, and Green Cement, a Texas-based manufacturer of carbon cement alternatives, for an undisclosed amount. Eco Material Technologies is a newly established entity in the green cement sector, and the company is focusing on strengthening its production and research capabilities through these acquisitions.
Major companies operating in the 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.
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
The countries covered in the green cement market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.
The green cement market consists of sales of oxychloride cement, geopolymer cement, magnesium cement, ferrocrete, and calcium sulfoaluminate. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified)).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The main types of green cement are fly-ash-based, slag-based, and recycled aggregates. The term fly ash-based green cement refers to a byproduct of coal combustion. In some concrete mixtures, it can be used to replace up to 35% of the cement. Green cement is used in residential, commercial, and industrial areas for new construction activities, repair and maintenance activities.
The green cement market research report is one of a series of new reports that provides green cement market statistics, including green cement industry global market size, regional shares, competitors with a green cement market share, detailed green cement market segments, market trends and opportunities, and any further data you may need to thrive in the green cement industry. This green cement market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
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.
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.
The growing construction industry is expected to boost the growth of the green cement market going forward. The construction industry refers to the commercial manufacturing and trade sector that deals with developing, preserving, and repairing infrastructures. The growth of the construction industry, coupled with increasingly stringent environmental regulations and building codes, compels greater adherence to these standards, thereby accelerating the adoption of green cement due to its eco-friendly characteristics. For instance, in February 2022, according to the report published by the Office for National Statistics, a UK-based administrative office of the United Kingdom Statistics Authority, the annual construction sector rose by a record 12.7% in 2021 compared to the previous year. Similarly, in December 2021, the volume of monthly construction output climbed by 2.0%; this was entirely due to a rise in new work (3.5%). In addition to the monthly rise, the construction industry's quarterly production climbed by 1.0% in Q4 2021 compared to Q3. This increase was driven by both new work (1.1%) and repair and maintenance (0.8%). Therefore, the growing construction industry is driving the growth of the green cement market.
Technological innovations in green cement are a key trend gaining popularity in the green cement market. Major companies operating in the green cement sector are focused on developing new technological solutions to expand their existing product portfolio and strengthen their position in green cement, or eco-friendly cement. For instance, in February 2021, ACC Limited, an India-based cement manufacturer and subsidiary of the Holcim Group, launched EcoPact green cement to bring down carbon emissions due to production and implementation. EcoPact is a ready-mix concrete that reduces CO2 emissions by up to 100%. These innovations are a key trend in the green cement market.
Major companies operating in the green cement market are developing innovative products such as low-carbon footprint green cement to meet larger customer bases, increase sales, and increase revenue. Low-carbon footprint green cement refers to a type of cement that is produced with a significantly reduced environmental impact compared to traditional Portland cement. For instance, in July 2021, Holcim Group, a Switzerland-based building materials company, launched ECOPlanet green cement. A distinctive aspect of this product is that it provides a minimum 30% reduction in carbon footprint while maintaining high performance standards. Holcim's exceptional formulation expertise underpins the sustainability of ECOPlanet, which relies on innovative, low-emission raw materials such as calcined clay and recycled construction and demolition waste.
In February 2022, Eco Material Technologies, a US-based manufacturer of sustainable cementitious materials, acquired Boral Resources, a North American-based fly ash provider, and Green Cement, a Texas-based manufacturer of carbon cement alternatives, for an undisclosed amount. Eco Material Technologies is a newly established entity in the green cement sector, and the company is focusing on strengthening its production and research capabilities through these acquisitions.
Major companies operating in the 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.
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
The countries covered in the green cement market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.
The green cement market consists of sales of oxychloride cement, geopolymer cement, magnesium cement, ferrocrete, and calcium sulfoaluminate. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified)).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Insulated Concrete Form Market Characteristics3. Insulated Concrete Form Market Trends And Strategies31. Global Insulated Concrete Form Market Competitive Benchmarking32. Global Insulated Concrete Form Market Competitive Dashboard33. Key Mergers And Acquisitions In The Insulated Concrete Form Market
4. Insulated Concrete Form Market - Macro Economic Scenario
5. Global Insulated Concrete Form Market Size and Growth
6. Insulated Concrete Form Market Segmentation
7. Insulated Concrete Form Market Regional And Country Analysis
8. Asia-Pacific Insulated Concrete Form Market
9. China Insulated Concrete Form Market
10. India Insulated Concrete Form Market
11. Japan Insulated Concrete Form Market
12. Australia Insulated Concrete Form Market
13. Indonesia Insulated Concrete Form Market
14. South Korea Insulated Concrete Form Market
15. Western Europe Insulated Concrete Form Market
16. UK Insulated Concrete Form Market
17. Germany Insulated Concrete Form Market
18. France Insulated Concrete Form Market
19. Italy Insulated Concrete Form Market
20. Spain Insulated Concrete Form Market
21. Eastern Europe Insulated Concrete Form Market
22. Russia Insulated Concrete Form Market
23. North America Insulated Concrete Form Market
24. USA Insulated Concrete Form Market
25. Canada Insulated Concrete Form Market
26. South America Insulated Concrete Form Market
27. Brazil Insulated Concrete Form Market
28. Middle East Insulated Concrete Form Market
29. Africa Insulated Concrete Form Market
30. Insulated Concrete Form Market Competitive Landscape And Company Profiles
34. Insulated Concrete Form Market Future Outlook and Potential Analysis
35. Appendix
Executive Summary
Green Cement Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on green cement market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description:
Where is the largest and fastest growing market for green cement? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
Scope
- Markets Covered: 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
- Companies Mentioned: Associated Cement Companies Limited; Anhui Conch Cement Company Limited; Solidia Technologies Inc.; Taiheiyo Cement Corporation; UltraTech Cement Limited
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Delivery format: PDF, Word and Excel Data Dashboard.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- 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.
Methodology
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