Green Cement Market Size, Share & Trends Analysis Report By Application (Residential, Commercial, Industrial, Others), By Region (Europe, APAC, MEA), And Segment Forecasts, 2024 - 2030

Green Cement Market Size & Trends

The global green cement market size was valued at USD 31.2 billion in 2023 and is projected to grow at a CAGR of 4.2% from 2024 to 2030. The construction industry is increasingly embracing eco-friendly practices, with a growing focus on utilizing green cement to minimize carbon emissions in building and construction projects. This trend has intensified competition in the market, leading to significant investments in research and development.

Consequently, this has resulted in the emergence of new products and revenue opportunities, attracting both new entrants and established players to expand the market size. The surge in population, urbanization, and industrialization in both developing and developed economies has driven the demand for construction projects and buildings, consequently fueling the overall need for green cement. This is expected to drive the growth of the green cement market.

The other forces driving the market are the advantages that result from the utilization of green cement. Green cement is produced from industrial waste products such as fly ash and slag, solving the problem of disposing of industrial waste and instead using it. Thus, it was a better option to utilize it. Further, IT contributes more to reducing the use of fossil fuels than normal cement manufacturing.

Rising government initiatives to reduce carbon emissions while setting standards, providing incentives, and enforcing regulations to promote green buildings increase product demand. The benefits of using green cement in buildings, such as increased mechanical strength, tensile strength, durability, crack resistance, and others, have made it a better and more sustainable choice than traditional buildings. These factors have led to the significant growth of the market.

Application Insights

Residential applications accounted for a share of 44.9% in 2023 driven by the advantages of green cement over traditional cement. Green cement offers superior acid and thermal resistance, making it a preferable option for construction in extreme conditions. Cost efficiency, enhanced durability, superior finished products, and low lifetime maintenance costs for buildings have also contributed to the increasing demand for the product and the expansion of the market.

Commercial applications are expected to grow at the fastest CAGR of 5.0% over the forecast period from 2024 to 2030. Attributes such as ensuring longevity, protecting building structures from corrosion, and providing higher strength and resistance to harsh weather are behind this significant growth. These attributes have increased the demand for the product in this application, significantly increasing the market size in this application.

Regional Insights

North America green cement market dominated with a revenue share of 36.3% in 2023. The government bodies in the region have been strict with carbon emissions and environmental rules and regulations, which has led to increasing demand for the product.

U.S. Green Cement Market Trends

The U.S. global green cement market dominated North America with a significant revenue share in 2023 attributed to the increasing efforts led by the U.S. Environment Protection Agency (EPA) to promote the use of green cement as a means to mitigate adverse environmental impacts. These concerted efforts have significantly strengthened the country's market presence.

Europe Green Cement Market Trends

Europe green cement market was identified as a lucrative region in 2023. Government-backed environmental initiatives are driving the demand for sustainable solutions in the region.

The UK green cement market is expected to grow rapidly in the coming years attributed to increasing infrastructure standards and the impact of green building regulations on market expansion within the country.

Asia Pacific Green Cement Market Trends

Asia Pacific green cement market is anticipated to witness significant growth over the forecast period. The factors behind this are the increasing economy, population, industrialization, and urbanization, which has led companies to look for better alternatives and thus increased the demand for the market.

Key Green Cement Company Insights

Some of the key companies in the global green cement market include Cemex, Holcim, and Heidelberg Materials. Organizations are focusing on increasing customer base to gain a competitive edge in the industry. Therefore, key players are taking several strategic initiatives, such as mergers and acquisitions, and partnerships with other major companies. 

Recent Developments

• In March 2024, Hoffmann Green entered into a commercial partnership with Groupe Tartarin to supply its clinker-free green cement to Groupe Tartarin's network of ready-to-use cement plants.

• In March 2024, CemVision, a green cement startup supported by Bill Gates, secured a USD 10.7 million seed round of funding. This funding round followed the signing of a purchase agreement with the company's inaugural customer. 

Global Green Cement Market Report Scope

Global Green Cement Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global green cement market report based on application and region.

• Application Outlook (Volume, Tons, Revenue, USD Million, 2018 - 2030)

  • Residential

  • Commercial

  • Industrial

  • Others

• Regional Outlook (Volume, Tons, Revenue, USD Million, 2018 - 2030)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Russia

    • Turkey

  • Asia Pacific

    • China

    • Japan

    • India

    • South Korea

    • Indonesia

  • Latin America

    • Brazil

    • Argentina

  • Middle East and Africa (MEA)

    • Saudi Arabia