Green Cement Market
Green Cement Market (Product - Fly Ash-based, Slag-based, and Geopolymer; Application - Residential, Non-residential, Industrial, and Infrastructure) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024
- Chemicals & Materials
- 159 Pages
Global Green Cement Market: Snapshot
Manufacturing and using Ordinary Portland Cement (OPC) leading to 5%-10% carbon dioxide emissions as it is known to contain toxic ingredients such as silica and chromium. Furthermore, the growing awareness about the environmental hazards of OPC production as it requires high temperature for kiln operation is also raising questions about its consumption. Thus the fact that OPC production emits a high volume of carbon dioxide and greenhouse gasses has forced several builders, governments, and architects to opt for greener solutions. Owing to these reasons the demand for green cement has soared in the past few years. According to the research report, the opportunity in the global green cement market is expected to be worth US$38.10 bn by the end of 2024 as compared to US$14.80 bn in 2016. Between the forecast years of 2016 and 2024, the global market is projected to exhibit a CAGR of 11.3%.
Benefits of Green Cement Presenting Lucrative Opportunities
The demand for green cement is anticipated to witness a spike due to its own benefits. This type of cement is known for reducing the carbon footprint by about 40-50% during its production process. The main reason for the rising uptake of green cement in growing number of construction activities is the fact that it uses less water. Additionally, it provides excellent thermal insulation and superior fire resistance, which enables structures built with green cement to withstand temperatures up to 2400F. As green cement is known to offer unmatched insulation, it also makes the building resistant to moisture, thereby offering it a good protection against corrosion as well.
Infrastructural Development in Emerging Economies Augments Demand
On the basis of application, the global market is segmented into non-residential, residential, and infrastructure sectors. Analysts project that the residential sector will lead the global market in the coming years due to growing density of the population in all urban regions. This has raised the demand for residential projects, which, in turn, has augmented the growth of the global green cement market. Furthermore, the growing infrastructural development in several emerging economies is also likely to favor the demand for green cement in the coming years.
Asia Pacific to Surpass Europe’s Demand for Green Cement during Forecast Period
On the basis of geography, the global green cement market is segmented into Europe, North America, Asia Pacific, and Rest of the World. As of 2015, Europe accounted for the largest share in the global market. The phenomenal demand across Europe was attributable to the stringent regulations pertaining to carbon emissions and the growing tensions pertaining to the taxes that could be levied on industrial emissions. However, Asia Pacific is expected to surpass Europe’s share during the forecast period. The growing number of construction and building activities and increasing infrastructural development are all expected to contribute toward growing demand for green cement market. Furthermore, growing initiatives by governments to take up green building initiatives for creating sustainable living spaces is also projected to augment the demand for these materials.
North America is also expected to account for a significant share in the overall market in the coming years. The residential segment will be the leading consumer for green cement over the forecast period. The Middle East and Africa are also expected to show a keen interest in using green cement in the coming years as the region is planning on developing multifamily housing projects in the near future.
The key players operating in the global green cement market are CEMEX S.A.B. de C.V., HeidelbergCement AG, LafargeHolcim., Taiheiyo Cement Corporation, Votorantim cimentos S.A., China National Building Material Company Limited (CNBM), Taiwan Cement Corporation, and Ecocem Ireland Ltd. The report includes an assessment of their financial outlook, research and development activities, and business and marketing strategies for the coming few years.
Focus on Sustainable Development Compelling Proposition for Capturing Consumer Value in Green Cement Market
Cement manufacturing is associated with substantial percentage of all global greenhouse emissions. For Portland Cement, one of the estimates suggests that the emission accounts to 5-8% of the greenhouse emissions globally. Thus, cement manufacturing is one of the major factors of man-made emissions. Over the years, there is a relentless pursuit of developing or producing cement that could substantially cut the construction industry’s emissions. In this regard, carbon-negative manufacturing process holds great promise. The drive for green cement is a key trend bolstering the evolution of the green cement market. Green cement is characterized by eco-friendliness, thereby holding promise in overcoming environmental issues and minimizes the carbon footprint of cement production. An example is MOC (magnesium oxychloride cement) which is explored by cement manufacturing in some key regions of the world. For instance, the presence of large reserves of magnesite resources, making them easier to produce MgO and MgCl2.
The COVID-19 pandemic has inflicted severe jolts to macroeconomic and microeconomic fundaments across industries. The construction industry and real estate industries also had to suffer the economic downturn in 2020. This led to decline in overall demand. However, in recent months governments have allowed economic activities to begin with certain restrictions and precautions. This has led to overall recovery in demand in the cement manufacturing. This will now propel the market propositions for green cements. Growing awareness about green cement among manufacturers and consumers is a key trend that will unlock the game-changing potential of this in sustainable construction in coming few years. Manufacturers looking for exploiting the opportunity in the green cement market are increasingly adopting recyclable contents such as fly ash, renewable liquid additives, and other similar materials. The focus on attaining almost zero carbon footprint is a key trend that will open new avenues in the green cement market.
Global Green Cement Market: Overview
Green cement is a cementitious material that can be manufactured by using industrial waste such as power plant wastes, recycled concrete, mining and quarrying wastes, burnt clay, and slag. Green cement is primarily used in residential, non-residential, industrial and infrastructure sector. Green cement can reduce carbon footprint by 40-50%. It also offers superior thermal and fire resistance properties. Further it also provides excellent resistance to alkali attack during climate and weather changes.
The report estimates and forecasts the green cement market on the global, regional, and country levels. The study provides forecast between 2016 and 2024 based on volume (kilo tons) and revenue (US$ Bn) with 2015 as the base year. The report comprises an exhaustive value chain analysis for each of the product segments. It provides a comprehensive view of the market. Value chain analysis also offers detailed information about value addition at each stage. The study includes drivers and restraints for the green cement market along with their impact on demand during the forecast period. The study also provides key market indicators affecting the growth of the market. The report analyzes opportunities in the green cement market on the global and regional level. Drivers, restraints, and opportunities mentioned in the report are justified through quantitative and qualitative data. These have been verified through primary and secondary resources. Furthermore, the report analyzes global average price trend analysis of green cement.
Global Green Cement Market: Research Methodology
The report includes Porter’s Five Forces Model to determine the degree of competition in the green cement market. The report comprises a qualitative write-up on market attractiveness analysis, wherein application and countries have been analyzed based on attractiveness for each region. Growth rate, market size, raw material availability, profit margin, impact strength, technology, competition, and other factors (such as environmental and legal) have been evaluated in order to derive the general attractiveness of the market. The report comprises price trend analysis for green cement between 2016 and 2024.
Secondary research sources that were typically referred to include, but were not limited to company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings. Other sources such as internal and external proprietary databases, statistical databases and market reports, news articles, national government documents, and webcasts specific to companies operating in the market have also been referred for the report.
In-depth interviews and discussions with a wide range of key opinion leaders and industry participants were conducted to compile this research report. Primary research represents the bulk of research efforts, supplemented by extensive secondary research. Key players’ product literature, annual reports, press releases, and relevant documents were reviewed for competitive analysis and market understanding. This helped in validating and strengthening secondary research findings. Primary research further helped in developing the analysis team’s expertise and market understanding.
Global Green Cement Market: Segmentation
The study provides a comprehensive view of the green cement market by dividing it into product type, application and geography. The green cement market has been segmented into fly ash, slag, geopolymer and others. Application segments have been analyzed based on historic, present, and future trends, and the market has been estimated in terms of volume (kilo tons) and revenue (US$ Bn) between 2016 and 2024.
Global Green Cement Market: Regional Outlook
Regional segmentation includes the current and forecast demand for activated alumina in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA). Additionally, the report comprises country-level analysis in terms of volume and revenue for end-user segments. Key countries such as the U.S., Germany, France, the U.K., Spain, Italy, India, China, South Africa, Mexico, and Brazil have been included in the study. Market segmentation includes demand for individual end-users in all the regions and countries.
Companies Mentioned in this Research Report are:
The report covers detailed competitive outlook that includes market share and profiles of key players operating in the global market. Key players profiled in the report include CEMEX S.A.B. de C.V., HeidelbergCement AG, LafargeHolcim., Taiheiyo Cement Corporation, Votorantim cimentos S.A., China National Building Material Company Limited (CNBM), Taiwan Cement Corporation, and Ecocem Ireland Ltd. Company profiles include attributes such as company overview, number of employees, brand overview, key competitors, business overview, business strategies, recent/key developments, acquisitions, and financial overview (wherever applicable).
The global green cement market has been segmented as follows:
Green cement Market – Product Type Analysis
- Fly ash based
- Slag based
Green cement Market – Application Type Analysis
Green cement Market – Regional Analysis
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
- Latin America
- Rest of Latin America