Press release
Green Cement Market Trends, Top Companies, Share, Growth And Forecast 2033
Green Cement Market
The Business Research Company offers in-depth market insights through Green Cement Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The green cement market size has grown strongly in recent years. It will grow from $30.15 billion in 2023 to $33.02 billion in 2024 at a compound annual growth rate (CAGR) of 9.5%. The growth in the historic period can be attributed to increased sustainability awareness, rise in demand for low-carbon footprint materials, favorable government policies for green buildings, increased concern about greenhouse gas (ghg) emissions,rising demand from the residential construction industry.
The green cement market size is expected to see strong growth in the next few years. It will grow to $47.32 billion in 2028 at a compound annual growth rate (CAGR) of 9.4%. The growth in the forecast period can be attributed to rapid urbanization in developing countries, rising industrial activities, rise in infrastructure development, consumer preference for sustainable buildings, rising demand from the residential construction industry. Major trends in the forecast period include advancements in green cement technologies, carbon capture and utilization (ccu) in cement production, circular economy practices, carbon labeling for construction materials, collaborative research and development.
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Market Segmentation:
The green cement market covered in this report is segmented -
1) By Type: Fly-ash Based, Slag Based, Recycled Aggregates, Other Types
2) By Application: Residential, Commercial, Industrial
3) By End User: New Constructions Activities, Repair & Maintenance Activities
Major Driver - Green Cement Market Growth Fueled By Climate Awareness And Carbon Emissions Reduction Efforts
The growth of awareness related to a reduction in carbon emissions and its detrimental effects is expected to propel the growth of the green cement market. The high contribution of the cement industry to CO2 emissions and its detrimental effects on human health have contributed to an increase in the shift towards the adoption of green cement. For instance, according to a report published by the International Energy Agency in 2022, global energy-related carbon dioxide (CO2) emissions increased by 0.9%, equivalent to 321 million metric tons, reaching a record high of more than 36.8 gigatons. Further, in February 2022, according to the Environmental Protection Agency, a US-based governmental agency, the total rise in greenhouse gas emissions had increased by around 78%, with emissions from burning fossil fuels and industrial activities accounting for about 90% of the increase across the globe. Communities across the globe are investing in green cement to reduce their contribution to emissions and increase support for sustainable building materials, which is expected to boost demand for green cement during the forecast period.
Competitive Landscape:
Major companies operating in the green cement market report are Associated Cement Companies Limited, Anhui Conch Cement Company Limited, Solidia Technologies Inc., Taiheiyo Cement Corporation, UltraTech Cement Limited, Votorantim Cimentos S. A., Ecocem Ireland Ltd., HeidelbergCement AG, Kiran Global Chems Limited, LafargeHolcim Ltd., Navrattan Blue Crete Industries Pvt. Ltd., Taiwan Cement Corporation, China National Building Material Group Co. Ltd., Navrattan Group, Italcementi S. p. A., CarbonCure Technologies Inc., Sociedad Anonima Bursátil de Capital Variable, CRH Public Limited Company, Hallett Group, JSW Cement Ltd., Calera Corporation, CeraTech Inc., Green Cement Inc., Holcim Ltd., Ecoplus Industries Pvt. Ltd., Carbon Clean Solutions Ltd., Blue Planet Systems Corporation, Novacem Ltd., Calix Limited, Zeobond Pty Ltd., Ashcrete Technologies Inc., Green Island Cement Company Limited, Cenin Cement Limited, Banah UK Ltd.
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Top Trend - Innovative Breakthroughs In Green Cement Technology
Technological innovations in green cement are a key trend gaining popularity in the green cement market. Major companies operating in the green cement sector are focused on developing new technological solutions to expand their existing product portfolio and strengthen their position in green cement, or eco-friendly cement. For instance, in February 2021, ACC Limited, an India-based cement manufacturer and subsidiary of the Holcim Group, launched EcoPact green cement to bring down carbon emissions due to production and implementation. EcoPact is a ready-mix concrete that reduces CO2 emissions by up to 100%. These innovations are a key trend in the green cement market.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Green Cement Market Characteristics
3. Green Cement Market Trends And Strategies
4. Green Cement Market - Macro Economic Scenario
5. Green Cement Market Size And Growth
…..
27. Green Cement Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology.
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