Global Green Cement Market

The global green cement market was valued to be worth $28.3 billion in 2022. The market is predicted to grow at a CAGR of 12.6%, and it is forecast to reach $57.8 billion by the end of 2028. By volume, the green cement demand is expected to reach 480 million tons by 2028 at a CAGR of 11.4%. Increased global urbanization and increasing infrastructure investments by various governments are propelling the green cement industry forward. Several initiatives involve developing public housing and constructing roads to improve access to isolated places. The infrastructure sector in numerous countries is gaining momentum. International sports events such as the Olympics and FIFA World Cup necessitate the construction of accommodations, stadiums, and other amenities that are predicted to boost green cement consumption in the coming years.

Environmental, Social, and Governance (ESG) programs in the green cement industry have a stronger emphasis on sustainability. Many green cement industry players are focusing on ESG practices in order to identify business risks and growth opportunities prevailing in the global market. To fulfill their responsibility towards the environment, the cement companies are exploring sustainable raw materials and carbon-negative production processes for green cement production.

This short market report covers a crisp analysis of the global green cement market. Market estimates and forecasts are in line with data published by government regulatory bodies, press releases, company websites, and annual reports. Sources include The International Energy Agency (IEA), Center for Strategic & International Studies (CSIS), World Bank (WB), U.S. Geological Survey (USGS), European Union (EU), Global Cement and Concrete Association (GCCA), United Nations Conference on Trade and Development (UNCTAD), Chinese Cement Association (CCA), and World Cement Association, among others.

The market segmentation based on the product type, end user, and region has been provided in the report, along with their market share and growth rate during the forecast period. Based on product type, the green cement market has been segmented into fly ash-based, slag-based, limestone-based, silica fume-based, and others. Based on end-users, the green cement market has been segmented into residential, commercial, and industrial segments.

By geographical region, the green cement market has been segmented into the Asia-Pacific (APAC), the Middle East and Africa (MEA), Europe, North America, and South America. The APAC region currently dominates the global market. In 2022, total revenue from the APAC green cement market reached $15.8 billion, which comprises 56.1% of the overall market. The presence of leading market players, robust technology infrastructure, a favorable political and economic environment, a surge in demand for green cement from the construction industry, and high adoption of advanced technologies such as IoT and AI by cement companies are major factors driving the market in the APAC region

Report Scope

This report has segmented the market based on product type and geography. The report provides an overview of the global green cement market and analyzes market trends. Using 2022 as the base year, the report provides estimated market data for the forecast period from 2023 to 2028. Revenue forecasts for this period are segmented by product type and geography. Market values have been estimated based on the total revenue of green cement producers.

The report covers the market for green cement with regard to the user base across different regions. It also highlights major trends and challenges that affect the market and the vendor landscape. The report estimates the global market for green cement in 2022 and provides projections for the expected market size through 2028.

The report includes:

• An overview of the global market landscape related to the green cement market
• In-depth analysis of global market trends, featuring historical revenue data for 2022, estimated figures for 2023, as well as forecasts for 2028. This analysis includes projections of Compound Annual Growth Rates (CAGRs) spanning through 2028
• Evaluation of the current market size and revenue growth prospects specific to green cement market, accompanied by a comprehensive market share analysis categorized by product type, end user, and geographical region.
• A look at ESG practices in the green cement industry and discussion on emerging trends and opportunities
• An analysis of the market shares of the key companies and their proprietary technologies, patents, partnerships and alliances and other key strategies
• Detailed profiles of leading market participants