Green Cement Market Expected to Reach $36,481 Million by 2023 | Top Players LafargeHolcim, HeidelbergCement AG, Anhui Conch Cement, CEMEX S.A.B. de C.V., Taiheiyo Cement Corporation, China National Building Material, Votorantim Cimentos

Green Cement Market by Product Type and Application: Global Opportunity Analysis and Industry Forecast, 2017-2023, the global green cement market was valued at $14,947 million in 2016, and is estimated to reach at $36,481 million by 2023, registering a CAGR of 14.1% from 2017 to 2023. In 2016, the residential segment accounted for nearly half of the share of the total market.

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The market is expected to witness various technological developments during the forecast period on account of the emergent technologies, such as LC3 and Ferrocrete, which are expected to improve the effectiveness of green cement. Furthermore, increase in environmental degradation and rise in greenhouse gas emission in the atmosphere have led several international agencies affiliated with the UN and other organizations to use green cement. Renewable Fuel Standard Program are recent examples of EPA that focus on safeguarding the environment and maintaining the ecological balance, resulting in increased demand for green cement during the forecast period. Moreover, high adoption rate in North America and Europe, owing to the presence of strict regulations, is expected to boost the market growth.
Green cement can reduce the carbon footprint by 40–50% during its production process. It provides excellent thermal insulation and superior fire resistance, which enables structures to withstand temperatures up to 2,400-degree F. Green cement further increases moisture-resistant capacity with higher protection against corrosion as well. In 2016, the residential segment accounted for nearly half of the share of the global market, and is expected to witness a steady growth rate, registering a CAGR of 13.9% during the forecast period.

In 2016, Europe accounted for a major share of the global market, followed by Asia-Pacific and North America. China dominated the Asia-Pacific market in 2016, in terms of both value and volume. The rapid growth in Asia-Pacific is due to the rapid rise in construction industry, fast-paced urbanization, and increase in awareness related to environment protection. Furthermore, supportive government policies in countries, such as China and India, and heavy inflow of foreign investments in building & construction sector are anticipated to boost the market in the near future.

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Key Findings of the Green Cement Market
• In 2016, Europe dominated the global market, constituting around one-third share of the global market.
• In terms of volume, China was the leading consumer of green cement globally in 2016.
• The commercial segment is estimated to grow at a CAGR of 14.5% from 2017 to 2023, in terms of revenue.
• The residential segment accounted for nearly half of the market share.
• The slag-based segment accounted for the highest share in 2016, and is estimated to grow at a CAGR of 14.2%.

In 2016, Europe accounted for the highest share in the global market, attributable to the stringent regulations pertaining to carbon emissions and the growth in the taxes that could be levied on industrial emissions. However, Asia-Pacific is expected to surpass Europes share during the forecast period.

KEY PLAYERS
• LafargeHolcim
• HeidelbergCement AG
• Anhui Conch Cement
• CEMEX S.A.B. de C.V.
• Taiheiyo Cement Corporation
• China National Building Material
• Votorantim cimentos S.A.
• UltraTech Cement Ltd.
• Taiwan Cement Corporation
• ACC Limited

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