Green Cement Market to Reach 43.59 Bn, Globally, By 2026 at a CAGR 8.7% | Anhui Conch Cement Company, China National Building Material Co., Ltd., Calera Corp

The Green Cement Market is forecasted to grow from USD 21.42 Billion in 2018 to USD 43.59 Billion by 2026, at a CAGR of 8.7%, during the forecast period. The market is primarily driven by the growing construction activities in emerging economies, increased use of alternative fuels from renewable & waste materials and increased efforts to reduce carbon emissions.

The green cement market is highly fragmented in nature with different players involved in production and distribution. Green cement is an environmentally friendly replacement for the Portland cement.

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Leading Players in the Green Cement Market:
Anhui Conch Cement Company (China), CEMEX S.A.B. de C.V. (Mexico), China National Building Material Co., Ltd. (China), Italcementi (Italy), LafargeHolcim Ltd (Switzerland), CeraTech (India), Calera Corp. (USA), Kiran Global Chems Limited (India), HeidelbergCement (Germany), Navrattan Blue Crete Industries Pvt. Ltd. (India) and others.

Competitive landscape

Green cement is in its introduction stage as several companies are still carrying out research and development activities to improve the properties and capabilities of the product. Due to strict environmental regulations, government initiatives to improve tax conditions and subsidies for the production of green materials, demand is expected to rise further over the forecast period.

Due to the emergence of Limestone Calcinated Clay Cement (LC3) and Frerrocrete technologies to improve the effectiveness of green cement, the green cement market is expected to witness rapid technological developments over the forecast period.

Glazing Type Outlook (Volume, Kilo Tons and Revenue, USD Million; 2016-2026)
Fly ash based
Class F
Class C
Slag based
Geopolymer
Others

Application (Kilo Tons) (Revenue, USD Million; 2016-2026)
Residential
Commercial
Industrial

End-User (Kilo Tons) (Revenue, USD Million; 2016-2026)
New Construction Activities
Repair & Maintenance Activities

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Further key findings from the report suggest
The Green Cement Market is forecasted to grow from USD 21.42 Billion in 2018 to USD 43.59 Billion by 2026, at a CAGR of 8.7%, during the forecast period. The market is primarily driven by the growing construction activities in emerging economies, increased use of alternative fuels from renewable & waste materials and increased efforts to reduce carbon emissions.

The market for fly ash based segment is expected to grow the largest at USD 14.39 Billion in 2026, at a CAGR of 9.6% during the forecast period. The fly ash market has grown as a result of growth in the construction industry, increasing focus on infrastructure and road paving, legal problems related to dumping fly ash, fly ash promotion by governments of different countries, and increasing focus on the use of environmentally friendly products.

The market for residential segment is expected to grow the largest at USD 20.49 Billion in 2026, at a CAGR of 9.3% during the forecast period.

Growing urbanization in emerging economies like India and China is expected to drive growth in this segment over the forecast period with a growing need for environmentally safe buildings.

Furthermore, green roof growth due to eco-friendly materials from different manufacturers is also expected to fuel market growth over the forecast period.

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Regional Outlook (Revenue in USD Million; 2016-2026)
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)

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