The Green Cement market is expected to grow over the forecast period, and various businesses are engaged in R&D to advance the technology, drive the market, and reduce emissions by lowering the amount of limestone used in cement. Heidelberg Cement joined the First Movers Coalition (FMC), a public-private alliance made up of the World Economic Forum, the US Department of State, and forward-thinking companies from several sectors to create innovative clean technologies accessible and scalable. The market is segmented based on the product, application, and region. By product, the Fly-Ash Based segment is anticipated to lead the growth of the Green Cement market, and by application, the Residential segment is expected to have the highest share of the Green Cement market. The North American region is expected to have the highest share of the Green Cement market, and the report is designed to help readers find information and make decisions that will help them grow their businesses. The top key players in the Green Cement market include Lafarge Holcim, Heidelberg Cement AG, Anhui Conch Cement, CEMEX S.A.B. de C.V., and more.
Global Green Cement Market: Valued at USD 24.70 Billion in 2021, and Projected to Reach USD 48.44 Billion by 2028
According to a new market research report by Introspective Market Research, the global green cement market is projected to grow from USD 24.70 billion in 2021 to USD 48.44 billion by 2028, at a compound annual growth rate (CAGR) of 10.1% from 2022 to 2028.
Green Cement is an environmentally beneficial cement produced using a carbon-negative manufacturing process. The main raw materials used to create green cement are industrial waste, which reduces the cost of production. The primary materials used are fly ash and blast boiler slag, and modern technology is employed to minimize energy consumption. This manufacturing process releases a very small amount of carbon dioxide, reducing the carbon footprint by 40%.
The report will cover a range of topics, including Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, and Price Trend Analysis.
Market Dynamics and Factors:
The growth of the green cement market is being driven by the construction industry’s increasing demand for better, more resilient, and sustainable concrete. Green cement is environmentally friendly, as it reduces carbon dioxide emissions, uses less energy to produce, and uses industrial waste as a primary raw material. Furthermore, green cement is exceptionally durable and tough, with superior early strength, elasticity, durability, crack resistance, and chloride impermeability. It is three to four times more resistant to corrosion than traditional cement, making it an ideal choice for large-scale buildings.
Green Cement Market: Advancements in Technology to Drive Growth
The green cement market is poised for growth as various businesses are engaged in research and development to advance the technology. The need for more funding, such as venture capital and private equity funds, to scale up R&D projects is crucial. Additionally, creative alliances with a developing ecosystem of new green businesses are necessary. The cement formulation has already started to change, which is a good sign. One way to reduce process and fuel emissions is to lower the amount of limestone used in cement. Another method is to add CO2 to the concrete before it dries up, which can reinforce it, use less cement, and sequester captured CO2. Advancing carbon capture technology would also increase the economic viability of preventing process emissions from entering the atmosphere.
Market Highlights:
The green cement market report highlights the following:
-
The fly-ash based segment is expected to lead the growth of the green cement market in the forecasted timeframe.
-
The residential segment is anticipated to have the highest share of the green cement market over the projected period, driven by an increase in the demand for ecologically secure construction, the rapid expansion of the real estate market, and the rate at which cities are being built up in developing nations.
-
The North American region is projected to have the highest share of the green cement market over the projected period, with almost 40% of the country’s CO2 emissions attributed to buildings.
Top Key Players:
The top key players in the green cement market are:
-
Lafarge Holcim (Switzerland)
-
Heidelberg Cement AG (Germany)
-
Anhui Conch Cement (China)
-
CEMEX S.A.B. de C.V. (Mexico)
-
Taiheiyo Cement Corporation (Japan)
-
China National Building Material (China)
-
Votorantim cimentos S.A. (Brazil)
-
UltraTech Cement Ltd. (India)
-
Taiwan Cement Corporation (Taiwan)
-
ACC Limited (India)
-
Ecocem Ireland Ltd. (Ireland)
-
Calera Corporation (U.S.)
-
Solidia Technologies (U.S.)
-
Cenin Cement (U.K.)
-
Green Island Cement Limited (China) and other major players.
Key Industry Developments:
In July 2022, Holcim reached an agreement with Ol-Trans, the leader in ready-mix concrete in the Gdansk-Sopot-Gdynia area, to acquire its five concrete facilities. The deal, expected to have net sales of CHF 27 million in 2022, would extend Holcim’s local ready-mix concrete network and establish it as the leader in Northern Poland.
In conclusion, the green cement market is on the rise, with advancements in technology driving its growth. The market is expected to grow significantly, with the fly-ash based segment leading the way. Additionally, the residential segment is anticipated to have the highest share of the market, with the North American region leading the charge.
Heidelberg Cement has joined the First Movers Coalition (FMC), a public-private alliance made up of the World Economic Forum, the US Department of State, and forward-thinking companies from several sectors. The FMC was founded in 2021 as a platform for companies to leverage their scale and generate demand to make innovative clean technologies accessible and scalable. The green cement market is segmented by product into fly-ash based, slag based, recycled aggregates, and other products, and by application into commercial, residential, and industrial. The market is also segmented by region into North America, Europe, Asia Pacific, Middle East & Africa, and South America. For more information, interested parties can inquire about the report at the provided link, and additional reports can be found on the company website.
Green Cement Market: An In-Depth Analysis of Industry Trends, Growth, and Competitive Landscape
The latest research report on the global Green Cement market offers a detailed analysis of the industry for the period from 2022 to 2028. The report provides a comprehensive view of the market, considering all significant industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter’s five forces analysis, Industry Value chain analysis, and PESTEL analysis.
The report contains several chapters, including Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis. These chapters aim to provide valuable insights into the market direction and movement in the current and upcoming years. The report is designed to help readers find information and make decisions that will help them grow their businesses.
The Green Cement market is expected to grow significantly, with a projected value of USD 48.44 billion by 2028, growing at a CAGR of 10.1% from 2022 to 2028. The report states that the increasing construction industry is driving the growth of the green cement market. Green cement is environmentally friendly and uses industrial waste as its basic material, lowering carbon dioxide emissions and energy consumption during production. It is also incredibly durable and tough.
The report also includes market segmentation based on product and application. Fly-Ash Based is anticipated to lead the growth of the Green Cement market in the forecasted timeframe, while the Residential segment is expected to have the highest share of the market over the projected period. The North American region is expected to have the highest share of the Green Cement market due to the rising demand for new residences and increasing CO2 emissions attributed to buildings.
Introspective Market Research is a visionary research consulting firm that uses big data and advanced analytics to show the bigger picture of market trends. They help their clients think differently and build a better future by providing intelligence solutions and conclusive consulting. For those interested in acquiring the Green Cement Market report or seeking further information, they can reach out to Introspective Market Research through their website or contact them directly via email or phone.
Don’t miss interesting posts on Famousbio
