Green Cement Market was valued USD 19.8 billion in 2021, will Grow at a CAGR of 5.8%, expected to hit USD 31.0 billion in 2029 | Size, Share & Industry Report

Green Cement Market

Green Cement Market Reached at USD 19.8 billion in 2021 and is estimate to reach USD 31.0 billion in 2029, and the market will grow at a CAGR of 5.8% from 2022-2029.

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The factors driving the growth of Green Cement market includes rise in the construction of bridges, dams, and structural columns, around the world, growing focus on reducing carbon emissions, increasing demand for green buildings and improvements in the living standards. According to the report published by Bloomberg, the Global Green Building Materials Market was estimated around USD 237.3 billion in 2020 and is expected to reach USD 511.2 billion by 2030, growing at a CAGR of 8.1% over the forecast period (2021-2030), which will accelerate the Global Green Cement Market in coming years. Moreover, scarcity of raw materials, depletion of fossil fuel reserves, growing awareness about environmental hazards of production of Ordinary Portland Cement (OPC), increasing adoption of advanced technologies by manufacturers and rapid urbanization, are some of the additional factors supplementing the Green Cement Market size. In addition, the increasing investments by leading players on research and development, rapid urbanization and rising disposable incomes, are further contributing towards the market growth.

However, rising uncertainty about the class of green cement is restricting the growth of the Green Cement Market.

The prominent players operating in the Green Cement Market includes Taiwan Cement Corporation, Ecocem Ireland Ltd., ACC Limited, Taiheiyo Cement Corporation, UltraTech Cement Ltd., CEMEX S.A.B. de C.V. (Cemex), Heidelberg Cement AG, Lafarge Holcim, Calera Corporation, and Ceratech In, among others.

Based on Product Type, the Fly-ash Based segment is predicted to expand at a robust CAGR during the forecast period

Fly-ash based green cements enhances the workability of plastic concrete and improves the strength and durability of hardened concrete, are some of the features pushing the growth of the segment.

Based on Application, the Residential segment is projected to grow at a faster CAGR over the forecast period

Rise in the construction of residential apartments and growing focus on reducing carbon emissions, is propelling growth of the segment.

Based on Region, the North American region is anticipated to expand at a remarkable CAGR during the forecast period

Government regulations promoting the construction of green buildings, growing awareness about the benefits of green cement, rapid industrialization, rising population growth rates and high per capita incomes, are some of the important factors augmenting the market growth in North American region.

Market Segmentation

Segmentation by Product Type

Fly-ash Based
Slag Based
Recycled Aggregates
Others

Segmentation by Application

Residential
Commercial
Others

Segmentation by Region

Asia Pacific
China
Japan
India
Rest of APAC

North America
United States of America
Canada

Europe
United Kingdom
Germany
France
Spain
Rest of Europe

RoW
Brazil
South Africa
Saudi Arabia
UAE

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