Analysts’ Viewpoint on Green Cement Market Scenario
The increasing adoption of green cement in building & construction projects to minimize carbon footprint is driving the demand from various economies. Companies in the green cement market should accelerate product development and unlock revenue opportunities to obtain competitive benefits. Market stakeholders are extending their services arms to gain competitive edge. There is a healthy growth in green cement market due to the surging demand from rapidly developing economies and rising infrastructure development projects across the world. Rising population, rapid urbanization, and industrialization are some of the factors contributing to market growth in developing economies.
The global green cement market is negatively affected by halted businesses and industrial activities during the coronavirus outbreak. The building & construction industry is also suffered due to prolonged lockdown and disruption in supply chain. Green cement is widely used in residential and non-residential construction projects across the globe. There is an increasing demand for green cement from industrial and infrastructure applications as well. One of the top reasons of popularity of green cement in various end-use industries is its capability of reducing carbon footprint by 40-50% at the time of its production.
In addition, excellent thermal and fire resistance properties of green cement make it a good choice for building & construction projects. Many developers and builders are adopting environment-friendly products to reduce the carbon footprint, and its harsh effects on the environment. After successful vaccination drives, the residential sector is booming, thus creating lucrative opportunities for the market players in the green cement market. The strong presence of manufacturers operating in the green cement market is driving market growth amid the coronavirus pandemic. Increasing usage of green cement in building & construction, residential & non-residential, industrial, and infrastructure applications is contributing to market expansion.
The global green cement market is majorly driven by factors such as rapid urbanization in developing countries, growth in building & construction activities, rising demand for single homes, etc. Increasing disposable income and changing lifestyles of consumers are factors responsible for market expansion. Green cement is a superb alternative for Ordinary Portland Cement (OPC), owing to its superior thermal insulation and fire resistance properties. There is a rising demand for green cement from growing construction and development activities in emerging activities. Structures built using green cement can withstand with temperatures upto 2400F.
Green cement is a material produced from industrial wastes, burnt clay, slag, power plant wastes, recycled concrete, etc. Moreover, green cement is popularly used in various building & construction projects, as it provides excellent resistance to alkali attack during weather change. This factor is expected to show lucrative opportunities for manufacturers operating in the green cement market. Green cement offers protection against corrosion due to its unmatched insulation properties.
Manufacturers working in the green cement market are gaining lucrative benefits by meeting the increasing demand from rapidly growing infrastructure & developing projects. Rising industrial activities, along with rapid urbanization is contributing to the global green cement market growth during the forecast period. Major market players in the global green cement market are expanding their business by collaborating with small- and medium-scale manufactures. Fly ash-based and slag-based green cement are widely adopted in manufacturing industries across the world. Growing infrastructure development projects in emerging economies, along with rapidly increasing global population are responsible for the growth of the green cement market.
There is an increasing presence of manufacturing companies operating in India and China in the green cement market. Market players are focusing on rising opportunities due to surging demand from green cement from the region. The increasing adoption of green cement in various end-use industries such as building & construction, industrial, infrastructure development projects, etc. in Asia Pacific creates potential growth opportunities for manufacturers operating in the green cement market. Rapidly growing population, industrialization, adoption, and awareness of using green cement for multifamily housing construction are some of the factors driving the market. There is an increasing demand for green cement from growing residential sector in Asia Pacific. Governments are taking initiatives to promote the benefits of using green cement for sustainable living spaces. This factor is projected to augment the demand for green cement.
Attribute |
Detail |
Market Size Value in 2020 (Base Year) |
US$ 22.7 Bn |
Market Forecast Value in 2031 |
US$ 73.7 Bn |
Growth Rate (CAGR) |
11.3% |
Forecast Period |
2021-2031 |
Quantitative Units |
US$ Bn for Value & Kilo Tons for Volume |
Competition Landscape |
Company Profiles section includes overview, product portfolio, key subsidiaries or distributors, strategy & recent developments, and key financials |
Format |
Electronic (PDF) + Excel |
Market Segmentation |
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Regions Covered |
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Countries Covered |
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Companies Profiled |
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Customization Scope |
Available upon Request |
Pricing |
Available upon Request |
Green Cement Market – Segmentation
TMR’s research study assesses the global green cement market in terms of product type, application, and region. This report presents extensive market dynamics and trends associated with different segments of the market and how they are influencing growth prospects of the global green cement market.
Product Type |
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Application |
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Region |
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Green Cement Market is projected to reach US$ 73.7 Bn by the end of 2031
Green Cement Market is expected to grow at a CAGR of 11.3% during 2021-2031
Increasing demand of green cement in residential sector expected to drive Green Cement Market
Asia Pacific is a more attractive region for vendors in the Green Cement Market
Key vendors in the 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) and others
1. Preface
1.1. Report Scope and Market Segmentation
1.2. Research Highlights
2. Assumptions and Research Methodology
2.1. Assumptions and Acronyms Used
2.2. Research Methodology
3. Executive Summary
3.1. Market Size, Indicative (US$ Bn)
3.2. Top 3 Trends
4. Market Overview
4.1. Product Overview
4.2. Key Industry Developments
4.3. Market Indicators
4.4. Drivers and Restraints Snapshot Analysis
4.4.1. Drivers
4.4.2. Restraints
4.4.3. Opportunities
4.5. Global Green Cement Market Analysis and Forecasts
4.6. Green Cement Market: Global Demand-Supply Scenario
4.7. Porter’s Five Forces Analysis
4.7.1. Threat of Substitutes
4.7.2. Bargaining Power of Buyers
4.7.3. Bargaining Power of Suppliers
4.7.4. Threat of New Entrants
4.7.5. Degree of Competition
4.8. Value Chain Analysis
5. Global Green Cement Market Value Share Analysis, by Product Type
5.1. Fly Ash Based
5.2. Slag Based
5.3. Geopolymer
5.4. Others
5.5. Global Green Cement Market Attractiveness Analysis, by Product Type
5.6. Key Findings
6. Global Green Cement Market Value Share Analysis, by Application
6.1. Residential
6.2. Non-residential
6.3. Industrial
6.4. Infrastructure
7. Global Green Cement Market Analysis by Region
7.1. Global Regulatory Scenario
7.2. Global Green Cement Market Value Share Analysis, by Region
7.3. Global Green Cement Market Attractiveness Analysis, by Region
8. North America Green Cement Market Overview
8.1. Key Findings
8.2. North America Green Cement Market Value Share Analysis, by Product Type
8.3. North America Green Cement Market Forecast, by Application
8.4. North America Green Cement Market Forecast, by Country
8.4.1. U.S.
8.4.2. Canada
8.5. North America Green Cement Market Attractiveness Analysis
8.6. Key Trends
9. Europe Green Cement Market Overview
9.1. Key Findings
9.2. Europe Green Cement Market Value Share Analysis, by Product Type
9.3. Europe Green Cement Market Forecast, by Application
9.4. Europe Green Cement Market Forecast, by Country and Sub-region
9.4.1. France
9.4.2. U.K.
9.4.3. Spain
9.4.4. Germany
9.4.5. Italy
9.4.6. Rest of Europe
9.5. Europe Green Cement Market Attractiveness Analysis
9.6. Key Trends
10. Asia Pacific Green Cement Market Overview
10.1. Key Findings
10.2. Asia Pacific Green Cement Market Value Share Analysis, by Product Type
10.3. Asia Pacific Green Cement Market Forecast, by Application
10.4. Asia Pacific Green Cement Market Forecast, by Country and Sub-region
10.4.1. China
10.4.2. India
10.4.3. Japan
10.4.4. ASEAN
10.4.5. Rest of Asia Pacific
10.5. Asia Pacific Green Cement Market Attractiveness Analysis
10.6. Key Trends
11. Middle East & Africa Green Cement Market Analysis
11.1. Key Findings
11.2. Middle East & Africa Green Cement Market Value Share Analysis, by Product Type
11.3. Middle East & Africa Green Cement Market Forecast, by Application
11.4. Middle East & Africa Green Cement Market Forecast, by Country and Sub-region
11.4.1. GCC Countries
11.4.2. Egypt
11.4.3. South Africa
11.4.4. Rest of Middle East & Africa
11.5. Middle East & Africa Green Cement Market Attractiveness Analysis
11.6. Key Trends
12. Latin America Green Cement Market Analysis
12.1. Key Findings
12.2. Latin America Green Cement Market Value Share Analysis, by Product Type
12.3. Latin America Green Cement Market Forecast, by Application
12.4. Latin America Green Cement Market Forecast, by Country and Sub-region
12.4.1. Brazil
12.4.2. Mexico
12.4.3. Rest of Latin America
12.5. Latin America Green Cement Market Attractiveness Analysis
12.6. Key Trends
13. Competition Landscape
13.1. Green Cement Market Share Analysis by Company (2020)
13.2. Competition Matrix
13.2.1. HeidelbergCement AG
13.2.2. LafargeHolcim
13.2.3. CEMEX S.A.B. de C.V. (Cemex)
13.2.4. Taiheiyo Cement Corporation
13.3. Company Profile
13.3.1. CEMEX S.A.B. de C.V. (Cemex)
13.3.1.1. Company Description
13.3.1.2. Business Overview
13.3.1.3. SWOT Analysis
13.3.1.4. Financial Details
13.3.1.5. Strategic Overview
13.3.2. HeidelbergCement AG
13.3.2.1. Company Description
13.3.2.2. Business Overview
13.3.2.3. SWOT Analysis
13.3.2.4. Financial Details
13.3.2.5. Strategic Overview
13.3.3. LafargeHolcim
13.3.3.1. Company Description
13.3.3.2. Business Overview
13.3.3.3. SWOT Analysis
13.3.3.4. Financial Details
13.3.3.5. Strategic Overview
13.3.4. China National Building Material Company Limited (CNBM)
13.3.4.1. Company Description
13.3.4.2. Business Overview
13.3.4.3. SWOT Analysis
13.3.4.4. Financial Details
13.3.4.5. Strategic Overview
13.3.5. Taiheiyo Cement Corporation
13.3.5.1. Company Description
13.3.5.2. Business Overview
13.3.5.3. SWOT Analysis
13.3.5.4. Financial Details
13.3.5.5. Strategic Overview
13.3.6. Taiwan Cement Corporation
13.3.6.1. Company Description
13.3.6.2. Business Overview
13.3.6.3. SWOT Analysis
13.3.6.4. Financial Details
13.3.7. Ecocem Ireland Ltd.
13.3.7.1. Company Description
13.3.7.2. Business Overview
13.3.7.3. SWOT Analysis
13.3.7.4. Financial Details
13.3.7.5. Strategic Overview
13.3.8. ACC Limited
13.3.8.1. Company Description
13.3.8.2. Business Overview
13.3.8.3. SWOT Analysis
13.3.8.4. Financial Details
13.3.8.5. Strategic Overview
13.3.9. UltraTech Cement Ltd
13.3.9.1. Company Description
13.3.9.2. Business Overview
13.3.10. Calera Corporation
13.3.10.1. Company Description
13.3.10.2. Business Overview
13.3.11. Ceratech, Inc
13.3.11.1. Company Description
13.3.11.2. Business Overview
13.3.12. Solidia Technologies
13.3.12.1. Company Description
13.3.12.2. Business Overview
13.3.13. Cenin Cement
13.3.13.1. Company Description
13.3.13.2. Business Overview
13.3.14. Kiran Global Chems Limited
13.3.14.1. Company Description
13.3.14.2. Business Overview
13.3.15. Zeobond Pty Ltd
13.3.15.1. Company Description
13.3.15.2. Business Overview
13.3.16. Green Island Cement (Holdings) Limited
13.3.16.1. Company Description
13.3.16.2. Business Overview
14. Key Takeaways
List of Tables
Table 01: Global Green Cement Market Size (US$ Bn) and Volume (Kilo Tons) Forecast, by Product Type, 2020–2031
Table 02: Global Green Cement Market Size (US$ Bn) and Volume (Kilo Tons) Forecast, by Application, 2020–2031
Table 03: Global Green Cement Market Size (US$ Bn) and Volume (Kilo Tons) Forecast, by Region, 2020–2031
Table 04: North America Green Cement Market Size (US$ Bn) and Volume (Kilo Tons) Forecast, by Product Type, 2020–2031
Table 05: North America Green Cement Market Size (US$ Bn) and Volume (Kilo Tons) Forecast, by Application, 2020–2031
Table 06: North America Green Cement Market Size (US$ Bn) and Volume (Kilo Tons) Forecast, by Country, 2020–2031
Table 07: Europe Green Cement Market Size (US$ Bn) and Volume (Kilo Tons) Forecast, by Product Type, 2020–2031
Table 08: Europe Green Cement Market Size (US$ Bn) and Volume (Kilo Tons) Forecast, by Application, 2020–2031
Table 09: Europe Green Cement Market Size (US$ Bn) and Volume (Kilo Tons) Forecast, by Country and Sub-region, 2020–2031
Table 10: Asia Pacific Green Cement Market Size (US$ Bn) and Volume (Kilo Tons) Forecast, by Product Type, 2020–2031
Table 11: Asia Pacific Green Cement Market Size (US$ Bn) and Volume (Kilo Tons) Forecast, by Application, 2020–2031
Table 12: Asia Pacific Green Cement Market Size (US$ Bn) and Volume (Kilo Tons) Forecast, by Country and Sub-region, 2020–2031
Table 13: Middle East & Africa Green Cement Market Size (US$ Bn) and Volume (Kilo Tons) Forecast, by Product Type, 2020–2031
Table 14: Middle East & Africa Green Cement Market Size (US$ Bn) and Volume (Kilo Tons) Forecast, by Application, 2020–2031
Table 15: Middle East & Africa Green Cement Market Size (US$ Bn) and Volume (Kilo Tons) Forecast, by Country and Sub-region, 2020–2031
Table 16: Latin America Green Cement Market Size (US$ Bn) and Volume (Kilo Tons) Forecast, by Product Type, 2020–2031
Table 17: Latin America Green Cement Market Size (US$ Bn) and Volume (Kilo Tons) Forecast, by Application, 2020–2031
Table 18: Latin America Green Cement Market Size (US$ Bn) and Volume (Kilo Tons) Forecast, by Country and Sub-region, 2020–2031
List of Figures
Figure 01: Global Green Cement Market Size (US$ Bn) Volume (Kilo Tons) Forecast, 2021–2031
Figure 02: Global Green Cement Market Size (US$ Bn) and Volume (Kilo Tons) Forecast, 2021–2031
Figure 03: Global Green Cement Market Average Price (US$/Ton)
Figure 04: Global Green Cement Market Value Share Analysis, by Product Type, 2021 and 2031
Figure 05: Global Green Cement Market Value (US$ Bn) and Volume (Kilo Tons) Analysis, by Fly Ash Based, 2020-2031
Figure 06: Global Green Cement Market Value (US$ Bn) and Volume (Kilo Tons) Analysis, by Slag Based, 2020-2031
Figure 07: Global Green Cement Market Value (US$ Bn) and Volume (Kilo Tons) Analysis, by Geopolymer, 2020-2031
Figure 08: Global Green Cement Market Value (US$ Bn) and Volume (Kilo Tons) Analysis, by Others, 2020-2031
Figure 09: Global Green Cement Market Attractiveness Analysis, by Product Type
Figure 10: Global Green Cement Market Value Share Analysis, by Application, 2020 and 2031
Figure 11: Global Green Cement Market Value (US$ Bn) and Volume (Kilo Tons) Analysis, by Residential, 2020-2031
Figure 12: Global Green Cement Market Value (US$ Bn) and Volume (Kilo Tons) Analysis, by Non-residential, 2020-2031
Figure 13: Global Green Cement Market Value (US$ Bn) and Volume (Kilo Tons) Analysis, by Industrial, 2020-2031
Figure 14: Global Green Cement Market Value (US$ Bn) and Volume (Kilo Tons) Analysis, by Infrastructure, 2020-2031
Figure 15: Global Green Cement Market Attractiveness Analysis, by Application
Figure 16: Global Green Cement Market Value Share Analysis, by Region, 2020 and 2031
Figure 17: Green Cement Market Attractiveness Analysis, by Region
Figure 18: North America Green Cement Market Size (US$ Bn) and Volume (Kilo Tons) Forecast, 2021–2031
Figure 19: North America Green Cement Market Size and Volume Y-o-Y Growth Projections, 2021–2031
Figure 20: North America Market Attractiveness Analysis by Country
Figure 21: North America Green Cement Market Value Share Analysis, by Product Type, 2020 and 2031
Figure 22: North America Green Cement Market Value Share Analysis, by Application, 2020 and 2031
Figure 22: North America Market Value Share Analysis, by Country, 2020 and 2031
Figure 23: North America Green Cement Market Attractiveness Analysis, by Product Type
Figure 24: North America Green Cement Market Attractiveness Analysis, by Application
Figure 25: Europe Green Cement Market Size (US$ Bn) and Volume (Kilo Tons) Forecast, 2021–2031
Figure 26: Europe Green Cement Market Size and Volume Y-o-Y Growth Projections, 2021–2031
Figure 27: Europe Market Attractiveness Analysis by Country and Sub-region
Figure 28: Europe Green Cement Market Value Share Analysis, by Product Type, 2020 and 2031
Figure 29: Europe Green Cement Market Value Share Analysis, by Application, 2020 and 2031
Figure 30: Europe Market Value Share Analysis, by Country and Sub-region, 2020 and 2031
Figure 31: Europe Green Cement Market Attractiveness Analysis, by Product Type
Figure 32: Europe Green Cement Market Attractiveness Analysis, by Application
Figure 33: Asia Pacific Green Cement Market Size (US$ Bn) and Volume (Kilo Tons) Forecast, 2021–2031
Figure 34: Asia Pacific Green Cement Market Size and Volume Y-o-Y Growth Projections, 2021–2031
Figure 35: Asia Pacific Market Attractiveness Analysis, by Country and Sub-region
Figure 36: Asia Pacific Green Cement Market Value Share Analysis, by Product Type, 2020 and 2031
Figure 37: Asia Pacific Green Cement Market Value Share Analysis by Application, 2020 and 2031
Figure 38: Asia Pacific Market Value Share Analysis by Country and Sub-region, 2020 and 2031
Figure 39: Asia Pacific Green Cement Market Attractiveness Analysis, by Product Type
Figure 40: Asia Pacific Green Cement Market Attractiveness Analysis by Application
Figure 41: Middle East & Africa Green Cement Market Size (US$ Bn) and Volume (Kilo Tons) Forecast, 2021–2031
Figure 42: Middle East & Africa Green Cement Market Size and Volume Y-o-Y Growth Projections, 2021–2031
Figure 43: Middle East & Africa Market Attractiveness Analysis, by Country and Sub-region
Figure 44: Middle East & Africa Green Cement Market Value Share Analysis, by Product Type, 2020 and 2031
Figure 45: Middle East & Africa Green Cement Market Value Share Analysis, by Application, 2020 and 2031
Figure 46: Middle East & Africa Market Value Share Analysis, by Country and Sub-region, 2020 and 2031
Figure 47: Middle East & Africa Green Cement Market Attractiveness Analysis, by Product Type
Figure 48: Middle East & Africa Green Cement Market Attractiveness Analysis, by Application
Figure 49: Latin America Green Cement Market Size (US$ Bn) and Volume (Kilo Tons) Forecast, 2021–2031
Figure 50: Latin America Green Cement Market Size and Volume Y-o-Y Growth Projections, 2021–2031
Figure 51: Latin America Market Attractiveness Analysis, by Country and Sub-region
Figure 52: Latin America Green Cement Market Value Share Analysis, by Product Type, 2020 and 2031
Figure 53: Latin America Green Cement Market Value Share Analysis, by Application, 2020 and 2031
Figure 54: Latin America Market Value Share Analysis, by Country and Sub-region, 2020 and 2031
Figure 55: Latin America Green Cement Market Attractiveness Analysis, by Product Type
Figure 56: Latin America Green Cement Market Attractiveness Analysis, by Application
Figure 57: Global Green Cement Market Share Analysis, by Company (2020)