Green Cement Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)

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).

Green Cement Industry Overview

Green Cement Market Summary
Study Period: 2018 - 2028
Fastest Growing Market: North America
Largest Market: North America
CAGR: > 6 %

Major Players

Green Cement Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Green Cement Market Analysis

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.

Green Cement Industry Segments

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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Green Cement Market Trends

This section covers the major market trends shaping the Green Cement Market according to our research experts:

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.
Green Cement Market, Revenue Share (%), By Construction Sector, Global, 2018

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.
Green Cement Market - Growth Rate by Region, 2019-2024

Green Cement Market Competitor Analysis

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.  

Green Cement Market Top Players

  1. HEIDELBERGCEMENT AG

  2. Kiran Global Chem Limited

  3. Ecocem

  4. LafargeHolcim

  5. Navrattan Group

*Disclaimer: Major Players sorted in no particular order

Green Cement Market Concentration

Green Cement Market Report - 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

    5. *List Not Exhaustive
  7. 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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Green Cement Market Research FAQs

The Green Cement Market is studied from 2018 - 2028.

The Green Cement Market is growing at a CAGR of >6% over the next 5 years.

North America is growing at the highest CAGR over 2018 - 2028.

North America holds highest share in 2021.

HEIDELBERGCEMENT AG, Kiran Global Chem Limited, Ecocem, LafargeHolcim, Navrattan Group are the major companies operating in Green Cement Market.

Green Cement Industry Reports

In-depth industry statistics and market share insights of the Green Cement sector for 2020, 2021, and 2022. The Green Cement research report provides a comprehensive outlook of the market size and an industry growth forecast for 2023 to 2028. Available to download is a free sample file of the Green Cement report PDF.

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