Green Cement Market - Growth, Trends, and Forecast (2020 - 2025)

The market is segmented by Product Type (Fly Ash-based, Slag-based, Limestone-based, Silica fume-based, and Other Products), Construction Sector (Residential and Non-residential), and Geography (Asia-Pacific, North America, Europe, South America, and Middle East & Africa).

Market Snapshot

Study Period:

2016-2025

Base Year:

2019

Fastest Growing Market:

North America

Largest Market:

North America

CAGR:

Greater Than 6 %

Major Players:

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Market Overview

The green cement market is expected to register a CAGR of over 6%, during the forecast period. The major factors driving the market studied include favorable government policies for green buildings and increasing concern on GHG emissions from cement production. Iconoclastic nature of the construction market is expected to significantly hinder the growth of the market studied.

  • North America is expected to dominate the global market, during the forecast period.
  • Encouraging performance of HBC (High Belite Cement) in China is likely to act as an opportunity in the future.

Scope of the Report

The green cement market report includes:  

Product Type
Fly Ash-based
Slag-based
Limestone-based
Silica fume-based
Other Product Types
Construction Sector
Residential
Non-residential
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

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Key Market Trends

Rising Demand from the Residential Industry

  • Rising number of building codes and policies mandating energy-efficient structures have led to the growth of green cement in the residential sector.
  • For instance, the new energy code in Canada has been demanding continuous below-grade insulations in residential structures coatings, in the recent times. Emerging economies, like India, too are witnessing a strong demand for green cement.
  • With increasing demand for sustainable products and enactment of stringent carbon emission regulations, emphasis on developing zero waste regions is increasing.
  • Additionally, in North America, stringent regulations of the US Environmental Protection Agency (EPA), regarding GHG emissions, are accelerating consumer demand for clean energy source.
  • Furthermore, growing awareness among consumers, especially in developed nations, regarding the energy benefits associated with green homes, is expected to drive the green cement market in the residential sector, over the forecast period.

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United States to Dominate the Demand in North American Region

  • The demand for new homes in the United States has been increasing consistently, since the past few years, owing to the growing population and rising consumer incomes in the country.
  • With growing trend of multi-family building, and rise in migration to cities, the US Census Bureau has been providing more permits for the construction of new residential buildings.
  • Reduction in the average household sizes has also been a driving factor for the growth of new home constructions in the United States, with single-family housings growing at a rapid rate.
  • The United States leads the North American cement market, primarily due to the various certifications and tax incentives offered in these regions, for green buildings.
  • Moreover, the aforementioned factors, along with growing focus on green buildings, are providing opportunities for the green cement used in the construction sector at a healthy rate, during the forecast period.

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Competitive Landscape

The green cement market is partially consolidated in nature. Some of the major players of the market studied include HEIDELBERGCEMENT AG, Kiran Global Chem Limited, Ecocem, Navrattan Group and LafargeHolcim, among others.  

Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Favorable Government Policies for Green Buildings

      2. 4.1.2 Increasing Concern on GHG Emissions from Cement Production

      3. 4.1.3 Abundance Availability of Raw Materials, such as Fly Ash

    2. 4.2 Restraints

      1. 4.2.1 Iconoclastic Nature of Construction Market

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Product Type

      1. 5.1.1 Fly Ash-based

      2. 5.1.2 Slag-based

      3. 5.1.3 Limestone-based

      4. 5.1.4 Silica fume-based

      5. 5.1.5 Other Product Types

    2. 5.2 Construction Sector

      1. 5.2.1 Residential

      2. 5.2.2 Non-residential

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 France

        4. 5.3.3.4 Italy

        5. 5.3.3.5 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle East & Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 LafargeHolcim Ltd

      2. 6.4.2 Navrattan Group

      3. 6.4.3 Kiran Global Chems Limited

      4. 6.4.4 Ecoplus Cement & Steel

      5. 6.4.5 UltraTech Cement Ltd

      6. 6.4.6 Jidong Mechanical and Electrical Equipment Co. Ltd

      7. 6.4.7 HEIDELBERGCEMENT AG

      8. 6.4.8 Taiheiyo Cement Corporation

      9. 6.4.9 Votorantim Cimentos

      10. 6.4.10 Ecocem

  7. *List Not Exhaustive
  8. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Encouraging Performance of HBC (High Belite Cement) in China

    2. 7.2 Continuous R&D by Major Cement Companies

** Subject to Availability

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