Green Cement Market Size

Statistics for the 2023 & 2024 Green Cement market size, created by Mordor Intelligence™ Industry Reports. Green Cement size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Green Cement Industry

Green Cement Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR > 6.00 %
Fastest Growing Market North America
Largest Market North America
Market Concentration High

Major Players

Green Cement Market Major Players

*Disclaimer: Major Players sorted in no particular order


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Green Cement Market Analysis

During the time of the forecast, the green cement market is expected to grow at a CAGR of more than 6%.

  • COVID-19 negatively impacted the market in 2020. Construction work and other activities were put on hold to curb the virus's spread, negatively affecting the market. However, in 2021, the market grew steadily, owing to increased building and construction activities. The market is expected to follow a similar projection during the forecast period.
  • The major factors driving the market include favorable government policies for green buildings and increasing concern about greenhouse gas (GHG) emissions from cement production. The abundance availability of raw materials, such as fly ash, is also expected to drive the market forward.
  • On the contrary, the iconoclastic nature of the construction market is expected to hinder the market's growth significantly. Over the next few years, the encouraging performance of high belite cement (HBC) in China will likely act as an opportunity for growth.
  • North America is expected to dominate the global market during the forecast period due to the exponentially increasing construction activities in the region.

Green Cement Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)