The global green cement market study provides the market estimates in terms of volume (Kilo tons) and revenue (USD million), for a total period of 2015 to 2025. The historic market figures have been provided from 2015 to 2017 and forecast figures from 2018 to 2025. The global green cement market 2018 gives a holistic view encompassing production, consumption, import and export for key regions and countries.
The global green cement market size is anticipated to reach USD 47.44 billion by 2025, owing to the increasing demand for eco-friendly cement production across the globe. Cement manufacturers have been constantly striving to achieve more efficient and environment-friendly production cements. Hence, the global green cement market will be driven by two key factors – population growth and cement consumption per capita.
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After water, cement is the second most consumed product in the world. As per the US Geological survey, the production of Portland cement increased to 4.1 billion tons worldwide in 2017. This production of cement accounts for more than 5% of the total carbon dioxide emissions as well as consumes heavy amount of natural resources. Also, there is no viable replacement of cement, thus, forcing the global cement companies to determine the best way to reduce the environmental impact of their production processes. Due to this reasons, the global green cement market is expected to rise in the forecast period.
There are various new techniques in the cement industry that include better ways of carrying out the traditional cement production process as well as new methods to approach cement production. One of them is to utilize the waste products from one industry for some processes in another industry. Recently, governments of India and China have come under an increasing pressure of improving the urban air quality. The first mover advantage for players who align their processes towards clean energy consumption will lead to improved profitability in this evolving green cement market.
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As green cement gets widely available in the global market, it will be used for different purposes including, residential, commercial, industrial and other. Currently, the share of residential application within the green cement market is the highest, as its consumption for small private projects is more in developed countries such as US and UK. This is due to the growing consciousness of environment among the individuals and less expenses involved. The commercial application of green cement had the second largest market share in 2017. This involves non-residential construction such as companies who present themselves as environmentally responsible and have enough funds to purchase greener materials. Geographically, the green cement market in Asia-Pacific region is expected to grow at the highest CAGR in the forecast period.
The global green cement market comprises of both players operating at the global and at the country level. Some of the major key players include Anhui Conch Cement Company, CEMEX S.A.B. de C.V., Calera Corporation, China National Building Material Company Limited (CNBM), LafargeHolcim, HeidelbergCement AG, Ecocem Ireland Ltd, Taiheiyo Cement Corporation, Taiwan Cement Corporation, Votorantim cimentos S.A. and others.
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Key segments of the global green cement market
Application Overview, 2015-2025 (USD million) (kilo tons)
- Residential
- Commercial
- Industrial
- Others
Regional Overview, 2015-2025 (USD million) (kilo tons)
- North America
- Europe
- Asia Pacific
- Latin America
- Middle-East & Africa
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