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Green Cement Market Size By Product (Fly-Ash Based, Slag Based, Recycled Aggregates), By Application (Residential, Commercial, Industrial), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Price Trend, Competitive Market Share & Forecast, 2020 – 2026

  • Report ID: GMI1310
  • Published Date: Oct 2020
  • Report Format: PDF

Industry Trend

The green cement market size exceeded USD 609.3 million in 2019 and is projected to expand at a CAGR of over 4.8% from 2020 to 2026. Rising infrastructure and construction activities, such as constructing bridges, under passes, sewage, etc., have increased the demand for green cement in the construction sector. Moreover, the construction industry has a vital link with several diverse industries, such as logistics, energy, manufacturing, etc., that is likely to increase the product demand by its low carbon emission rates.
 

Green Cement Market Overview

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Furthermore, the major property of this cement is the low carbon dioxide content it holds. This makes it safer for construction workers as well as the environment. The green cement is used in various applications such as bridges, structural elements, commercial buildings, modern industrial infrastructure, power plants, etc. The increasing need for construction of factories, warehouses, and other public infrastructures with minimum carbon dioxide levels along with pollution concerns to maintain emission levels and environment regulations will foster the green cement market size.
 

Developing economies particularly from the Asia Pacific region are the fastest growing infrastructure and construction markets due to high industrial growth rate where governments in these regions are spending extensively for public construction. For instance, the Chinese construction sector has witnessed a remarkable growth in the recent years. Ever since the Belt and road initiative, Chinese contractors had actively invested in numerous infrastructure projects including over 20,000 construction contracts along with the belt and road initiative across the globe.
 

The major limitation of applying green cement is that building structures, which are constructed using this cement have lesser life compared to the structures created by the conventional portland cement. Moreover, in comparison with conventional cement, green cement possesses reduced compressive strength, and higher shrinkage and creeping properties will boost the green cement market demand. Owing to these aforementioned disadvantages, it cannot be used in significant infrastructures such as dams, flyovers, etc. Additionally, with the spread of coronavirus pandemic, the construction industry globally has witnessed a major drawback, which, in turn, is proving to be an obstacle in the market growth.
 

Fly-ash based green cement is anticipated to lead the market with a dominant nature

Green Cement Market Size

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Fly-ash based segment held a 40% of green cement market share in 2019. It produces the lowest amounts of carbon dioxide during its mixing processes. In addition, the cost effectiveness of this product is one of the primary reasons for its growing demand in the recent years. Furthermore, the composition of these types of cements is comparatively simpler with better compressive strength than other green cements.
 

Rising usage of green cement in commercial buildings

The commercial application in the green cement market is predicted to observe a 4.5% growth rate till 2026. Escalating infrastructure advancement is one of the key factors responsible for the rising demand for green cements in commercial applications. Improvement in the emerging construction sector will inflate this segment’s growth in the coming years. Additionally, construction activities in various South Asian countries, such as Thailand, India, Vietnam, China, and Thailand, are flourishing the demand for green cement across commercial sector.
 

APAC region is estimated to be among the leading regional markets

Green Cement Market Share

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Asia Pacific green cement market is expected to hold a revenue of over USD 170 million in 2019. The region generates the maximum revenue compared to any other region due to the rising product demand, which is driven by rising infrastructure and construction activities in emerging economies such as India and ASEAN. Other ASEAN countries, such as Malaysia, the Philippines, Thailand, etc., have shown recent significant investment growth in the construction segment through various public projects such as seaports, transports, and power.
 

Major companies operating in the green cement market are LafargeHolcim, CEMEX, Anhui Conch Cement Company, CNBM, Kiran Global Chems, Heidelberg Cement, Navrattan Blue Crete Industries, and Siam Cement Public Company.
 

This market research report on green cement includes in-depth coverage of the industry with estimates & forecast in terms of volume in square foot and revenue in USD million from 2016 to 2026, for the following segments:

Market, By Product

  • Fly-ash based
  • Slag based
  • Recycled aggregates
  • Others (geopolymer based, etc.)

Market, By Application

  • Residential
  • Commercial
  • Industrial

The above information is provided on a regional and country basis for the following:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
  • Asia Pacific
    • China
    • India
    • Japan
    • Thailand
    • Malaysia
  • Latin America
    • Brazil
    • Mexico
  • MEA
    • South Africa
    • Saudi Arabia
    • UAE
    • Kuwait
       
Authors: Kiran Pulidindi, Sayan Mukherjee

Frequently Asked Questions (FAQ) :

The global green cement industry size surpassed USD 609.3 million in 2019 and is poised to grow at 4.8% CAGR through 2026 due to the increasing infrastructure and construction activities.

The Fly-ash based green cement market held a 40% share in 2019. Owing to its cost-effectiveness and ability to produces the lowest amounts of carbon dioxide during its mixing processes, the product is expected to witness substantial demand.

Holding the largest share in 2019, the commercial structure application segment is expected to spur at over 4.5% CAGR through 2026, further boosting the industry growth.

The Asia Pacific market revenue exceeded USD 170 million in 2019 and is anticipated to witness substantial growth through 2026.

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Premium Report Details

  • Base Year: 2019
  • Companies covered: 17
  • Tables & Figures: 167
  • Countries covered: 18
  • Pages: 200

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