Green Cement Market Size, Share & Trends Report

Green Cement Market Size, Share & Trends Analysis Report By Application (Residential, Commercial, Industrial), By Region (North America, Europe, APAC, Latin America, MEA), And Segment Forecasts, 2018 - 2024

  • Published Date: Jul, 2018
  • Base Year for Estimate: 2015
  • Report ID: GVR-1-68038-113-9
  • Format: Electronic (PDF)
  • Historical Data: 2013 - 2015
  • Number of Pages: 83

Industry Insights

The global green cement market size was estimated at USD 19.25 billion in 2015. It is projected to expand at a CAGR of 8.5% over the forecast period. Growing construction industry in Asia Pacific and stringency regulations regarding environment are supplementing the demand.

U.S. green cement market

The market for green cement is highly fragmented in nature with various players engaging in manufacturing and distributing. Green cement is an environment-friendly substitute for Portland cement. As a result, it is expected to witness an increase in penetration in commercial construction over the forecast period.

The market has witnessed developments in terms of production techniques and overall manufacturing process. This is expected to help in improving the supply demand scenario of the market. This will contribute towards positively influencing growth and increasing penetration levels of green cement over the forecast period.

Green cement is at its introduction stage as several companies are still undertaking research and development activities to improve product properties and capabilities. The demand is expected to further rise over the forecast period on account of stringent environment regulations, government initiatives to improve tax conditions, and subsidies for production of green materials.

The green cement market is expected to witness rapid technological developments in near future on account of the emergence of Limestone Calcinated Clay Cement (LC3) and Frerrocrete technologies to improve the effectiveness of green cement.

Application Insights

Commercial will be the fastest growing segment owing to stringent regulations over the forecast period. The product finds application in construction of office buildings, exterior walkways, pavements, car parking, and retail stores. Commercial construction in Asia Pacific and Latin America is expected to witness steady rise in adoption of this product in near future. This is anticipated to bode well for market expansion in near future.

Residential stood as the largest application segment in 2015 owing to high demand for green homes. Growing urbanization in emerging economies such as India and China with increasing need for environmentally safe buildings is expected to drive growth of this segment over the forecast period. In addition, growth of green roofs on account of eco-friendly materials from various manufacturers is also expected to fuel market growth over the years to come.

Key ingredients of green cement include limestone, calcium carbonate, and leftovers of shelled marine creatures. It can be obtained from industrial waste such as fly ash, making it a green source of construction material. Reduced carbon dioxide emission and need for fewer natural raw materials in green cement production are expected to fuel market growth over the next eight years.

Regional Insights

North America led the overall market in 2015 and is likely to maintain its dominance during the forecast period. In fact, the global market is highly concentrated and majority of key players are located in North America. Rising stringency of regulatory frameworks is anticipated to further enhance regional demand.

However, the rate of penetration is low in North America owing to presence of mature construction industry. Established manufacturers are switching to green cement. High amount of carbon emissions has led to formation of stern regulations prescribed by intergovernmental and regional agencies to deal with environmental degradation.

Global green cement market

Asia Pacific constitutes of the fastest growing economies, India and China. Owing to rapid economic development, increasing disposable income, and growing population, Asia Pacific will witness highest demand for green cement. This region is anticipated to grow exponentially over the forecast period.

However, lack of stringent regulations regarding carbon emissions may restrain market growth. In addition, the region is very price sensitive and expensive rates of this product than ordinary Portland cement may also hamper regional market growth.

Green Cement Market Share Insights

Major players are either start-ups that focus solely on green cement or established players who are switching to manufacturing gradually. Established players such as CEMEX and CNBM are producing it along with traditional Portland cement. Emerging companies such as CeraTech and Kiran Global Chems are focused solely on green and low-carbon emitting cements.

Key participants include Anhui Conch Cement Company, CNBM, CEMEX, Kiran Global Chems, Navrattan Blue Crete Industries Pvt., Ltd., Siam Cement Public Company (SCG), and others. Many of these manufacturers are involved in intense R&D to bring down carbon emissions and to produce stronger and durable material.

Report Scope

Attribute

Details

Base year for estimation

2015

Actual estimates/Historical data

2013 - 2015

Forecast period

2016 - 2024

Market representation

Volume in Kilo Tons, Revenue in USD Million & CAGR from 2016 to 2024

Regional scope

North America, Europe, Asia Pacific, Latin America, MEA

Country Scope

U.S., Germany, China, India, Indonesia, Brazil

Report coverage

Revenue forecast, company share, competitive landscape, growth factors and trends

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Segments Covered in the Report

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 2013 to 2024. For the purpose of this study, Grand View Research has segmented the global green cement market report on the basis of application and region:

  • Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)

    • Residential

    • Commercial

    • Industrial

    • Others

  • Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2024)

    • North America

      • U.S.

    • Europe

      • Germany

    • Asia Pacific

      • China

      • India

      • Indonesia

    • Latin America

      • Brazil

    • Middle East & Africa

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