Green Cement Market Size To Reach $50.2 Billion By 2030

Green Cement Market Growth & Trends

The global green cement market size is expected to reach USD 50.2 billion by 2030, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 4.2% from 2024 to 2030. Stringent environment regulations, coupled with rapid advancements in the Asia Pacific construction industry, is contributing to the market demand.

North America is the largest revenue-generating region for the green cement market, followed by Europe owing to the presence of regulatory bodies such as the United States Environmental Protection Agency (EPA) and the European Environment Agency (EEA). Moreover, the regions are characterized by higher adoption of sustainable solutions to avoid negative environmental impact.

Green cement is an eco-friendly substitute for traditional cement. It can reduce carbon emissions at construction sites by 40%. There is no fixed formula or method to manufacture green cement. However, various researchers and market players have developed different ways to manufacture green cement. California-based Calera Group has developed a Portland cement substitute where calcium carbonate obtained from seawater is mixed with carbon dioxide.

Key application areas of green cement market include residential, commercial, and industrial. In terms of volume, residential sector was the largest application area in 2023 and held 44.9% market share. Growing urbanization in emerging economies such as India and China with demand for environmentally safe buildings is expected to drive the market growth over the forecast period.

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Green Cement Market Report Highlights

• In terms of revenue, the residential segment is projected to ascend at a CAGR of 4.3% over the forecast period

• The commercial application dominated the global green cement market with a share of over 30.81% in 2023

• Countries such as China and India are anticipated to observe promising growth during the forecast period

• Major market players are either start-ups focusing solely on green cement or established players gradually switching to green cement manufacturing

Green Cement Market Segmentation

Grand View Research has segmented the global green cement market report based on application and region:

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

• Residential

• Commercial

• Industrial

• Others

Green Cement 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

List of Key Players of Green Cement Market

• Anhui Conch Cement Company

• Cemex

• CNBM Corporation

• Heidelberg Materials

• HOLCIM

• Ceratec Tiles India Pvt Ltd

• Calera Corporation

• Navrattan Group.

• SCG