Green Cement Market Size, Share, Forecast, & Trends Analysis by Material (Fly Ash, Slag, Recycled Aggregate, Other Materials), End User (Residential, Commercial, Public Infrastructure, Industrial), Geography - Global Forecast to 2031

Green Cement Market Size & Forecast

The Green Cement Market is expected to reach $69.3 billion by 2031, at a CAGR of 9.1% from 2024 to 2031. The market’s growth is driven by factors such as the rapid growth of the construction industry, rising urbanization in emerging economies, and growing concern about GHG emissions from cement production. In addition, increasing government initiatives for green buildings are expected to provide opportunities for market growth. However, the lack of availability of alternative cementitious materials poses challenges for market growth.

Green Cement Market Growth Drivers

Rapid Growth of the Construction Industry

The global construction industry is on the cusp of revolutionary transformations as the world’s population continues to grow and societal demand shifts to smarter and more sustainable infrastructure and buildings. Due to the rising demand for infrastructure development, the industry is witnessing exponential growth, particularly in developing countries.

The development of green cement has already spurred innovation in the construction industry as researchers and engineers look for new ways to meet the rising demand for infrastructure development and reduce the environmental impact of building materials. Furthermore, construction companies are partnering with green cement market players to use low-carbon cement in construction projects.

For instance, in January 2024, Hoffmann Green Cement Technologies (France) partnered with Groupe Trecobat (France), a leading builder of single-family homes, to help Groupe Trecobat enhance its low-carbon strategy by utilizing Hoffmann's clinker-free cement in the construction of its Trecobat Green homes. Thus, the rapid growth of the construction industry is expected to drive the market growth.

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Growing Concern of GHG Emission from Cement Production

The construction industry has long been associated with environmental pollution due to the high levels of carbon emissions produced by traditional cement manufacturing processes. According to the United Nations Environment Programme, the cement industry is second only to power generation in the production of CO2. Producing one ton of portland cement releases roughly one ton of CO2 into the atmosphere, sometimes higher, and the cement industry accounts for 7-8 percent of the planet's human-produced CO2 emissions.

However, with the advent of green cement, construction projects can now reduce their carbon footprint while also improving the quality and durability of their structures. Green cement employs low-carbon production techniques such as energy-efficient kilns, alternative fuels, and carbon capture technologies to minimize emissions during cement manufacturing. Thus, the growing concern of GHG emissions from cement production is expected to drive the market's growth.

Green Cement Market Growth Opportunity

Increasing Government Initiatives for Green Buildings

Over the last few decades, there has been a growing awareness of the impact that buildings have on the environment. According to the World Green Building Council (U.S.), buildings account for approximately 39% of global energy-related carbon emissions—28% from operational emissions, from the energy needed to heat, cool, and power them, and the remaining 11% from materials and construction. In addition, more than half of the world’s population lives in cities, which is expected to double in size by 2050. This means that the construction industry has a crucial role to play in reducing carbon emissions and mitigating climate change.

Governments across several countries are taking initiatives to reduce the carbon emissions associated with buildings and help mitigate the effects of climate change. For instance, in July 2022, the German government announced plans to earmark 13 billion to 14 billion euros ($13.17 billion-$14.18 billion) per year in subsidies for renovations to make buildings more energy-efficient. Thus, all such initiatives are expected to provide opportunities for the green cement market growth.

Green Cement Market Analysis: Key Findings

By Material: In 2024, the Fly Ash Segment to Dominate the Green Cement Market

Based on material, the green cement market is segmented into fly ash, slag, recycled aggregate, and other materials. In 2024, the fly ash segment is expected to account for the largest share of 52.0% of the green cement market. Fly ash is a byproduct of coal-fired power plants. The segment’s large share is attributed to its improved concrete performance in both the fresh and hardened state and being a sustainable alternative to conventional cement as it has a lower carbon footprint and reduces the need for raw materials like limestone.

However, the recycled aggregate segment is expected to register the highest CAGR during the forecast period. The segment’s growth is driven by the rising use of recycled aggregate cement for residential and commercial landscaping projects, including in the construction of retaining walls, raised flower and garden beds, yard drainage systems, and sized down as decorative gravel.

By End User: In 2024, the Public Infrastructure Segment to Dominate the Green Cement Market

Based on end user, the green cement market is broadly segmented into residential, commercial, public infrastructure, and industrial. In 2024, the public infrastructure segment is expected to account for the largest share of 33.0% of the green cement market. The segment’s large share is attributed to the rising investment in public infrastructure development and the rising use of green cement for the construction of roads, bridges, and tunnels due to its high tensile strength, resistance to corrosion, and lower shrinkage rate.

However, the residential segment is expected to grow at the highest CAGR during the forecast period. The segment’s growth is driven by the rising investment in residential construction projects worldwide, the sector's rising inclination to use greener materials, and government initiatives for energy-efficient housing.

Geographical Analysis

In 2024, North America is expected to account for the largest share of 42.0% of the green cement market. The region’s large share is attributed to the rising government initiatives prioritizing reduced carbon emissions and sustainable building practices and growing construction and renovation projects. However, Asia-Pacific is expected to register the highest CAGR of 10.5% during the forecast period. Rising government initiatives for green buildings to create sustainable living spaces, rapid urbanization, and industrialization, increasing disposable income, and increasing investment in infrastructure development projects are expected to drive the growth of the green cement market in the region.

Green Cement Market: Key Companies

The report offers a competitive analysis based on an extensive assessment of the leading players’ product portfolios, geographic presence, and key growth strategies adopted in the last 3–4 years. Some of the key players operating in the green cement market are Heidelberg Materials (Germany), HOLCIM (Switzerland), TAIHEIYO CEMENT CORPORATION (Japan), The Taiwan Cement Corporation (Taiwan), Fortera Corporation (U.S.), Solidia Technologies (U.S.), CENIN (U.K.), Cemex, S.A.B. de C.V. (Mexico), BASF SE (Germany), MAPEI Corporation (U.S.), CHRYSO (France) (A Subsidiary of Saint-Gobain (France), Navrattan Group (India), Ecocem (Ireland) and Green Cement Inc. (U.S.).

Green Cement Industry Overview: Latest Developments from Key Industry Players

• In April 2024, Siam Cement Group (SCG) (Thailand) introduced a new low-carbon cement, contributing to Thailand's net-zero ambitions.

• In December 2023, Hoffmann Green Cement Technologies (France) partnered with CRBPE (Conception Réalisation Béton Prêt à l'Emploi) to accompany CRBPE's customers on the road to sustainable and carbon-free construction.

• In February 2023, HOLCIM (Switzerland) launched Europe’s first calcined clay cement operation in its Saint-Pierre-la-Cour plant in France to deliver ECOPlanet green cement with a 50% lower CO2 footprint compared to standard cement (CEM I).
• In July 2021, HOLCIM (Switzerland) launched ECOPlanet, its global range of green cement, which delivers a carbon footprint of at least 30% lower while maintaining equal to superior performance.
• In June 2021, JSW Cement (India), a leading green cement company, entered the construction chemical sector with the launch of a unique green product range in the category.

Green Cement Market Research Summary

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