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Report Overview
The green cement market was valued at USD 39.76 Billion in 2024. The industry is expected to grow at a CAGR of 10.80% during the forecast period of 2025-2034. The market growth is majorly influenced by increased government regulations and incentives that are promoting eco-friendly practices in the construction industry. Green cement reduces carbon footprint and are energy efficient. Hence, the cement’s application is widely getting encouraged through tax benefits and subsidies. In turn, these factors have resulted in the market attaining a valuation of USD 110.88 Billion by 2034.
2024
Base Year
2018-2024
Historical Year
2025-2034
Forecast Year
- According to a 2023 UNEP report, the global cement industry must reduce emissions by 16% by 2030 to meet climate goals, driving demand for green cement solutions. Hence, this presents an opportunity for companies that are providing eco-friendly cement alternatives through adoption of low-carbon technologies as the demand for sustainable construction continues.
- Higher utilization of recycled materials in the production of cement and reduced carbon emissions while endorsing circular economy efforts, thus aiding the green cement market growth. Companies can capitalize on lower-cost raw materials such as fly ash and innovate their offering, thereby maintaining compliance with the sustainability agenda.
- Government regulations and sustainability goals are also encouraging demand for low-carbon and eco-friendly construction materials. Companies that provide green cement solutions are expected to benefit from tax breaks, subsidies, or credits for green building for adopting sustainable construction materials. They can also promote their green cement as both private and public construction projects are increasingly focusing on sustainability as a key parameter.
Green Cement Market Analysis
The growing need to adopt sustainable product development methods owing to the rising environmental concern is leading to the increased consumption of green cement across the globe. The global green cement market is being supported by its increased application in the residential sector. The rapid urbanisation, growing population, and increased industrialisation is driving this trend.
The rising concerns regarding climate change and environmental pollution, coupled with the depletion of natural resources, is leading to the adoption of green cement varieties in the construction sector. The growth of the construction industry is expected to drive the demand for sustainable construction materials, which is aiding the growth of the green cement market globally.
Moreover, the stringent government regulations pertaining to the use of sustainable products are providing a boost to the industry. The manufacturers are continuously innovating their products owing to the increased research and development activities in the field, which is expected to further aid the industry growth over the forecast period.
Green Cement Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The green cement market is assessed to grow at a CAGR of 10.80% between 2025 and 2034.
The major drivers of the industry include rising disposable incomes, increasing population, growing construction industry, rising adoption of sustainable product development methods due to the increasing environmental concerns, increasing urbanisation, and growing industrialisation.
The stringent government regulations pertaining to the use of sustainable products is expected to be a key trend guiding the growth of the industry.
North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the leading regions in the market, with North America accounting for the largest market share.
Slag-based cement segment is the dominant product type in the market.
The residential sector accounts for the largest market share, among other end-use segments in the industry.
The leading players in the market are CEMEX S.A.B. de C.V., HeidelbergCement AG, UltraTech Cement Ltd., and LafargeHolcim Ltd, among others.
In 2024, the market reached an approximate value of USD 39.76 Billion.
The market is estimated to witness healthy growth in the forecast period of 2025 and 2034 to reach a value of around USD 110.88 Billion by 2034.
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