Global Green Cement Market: Investment & Growth Opportunity Analysis, 2019-2028

The global green cement market is expected to witness a robust growth rate of more than 8% during the forecast period. The market growth is attributed to the awareness regarding reduction in carbon emissions and its detrimental effect on the environment. In addition, the green cement provides better functionality, requires fewer natural materials during production, and releases less carbon dioxide than the traditional cement, owing to which, green cement is witnessing higher market penetration. Moreover, favourable government initiatives and subsidy grants for green materials production are expected to boost the market growth.

In addition, no fossil fuels are used for the production of green cement which is both economic and eco-friendly. Additionally, green cement has a lower shrinkage rate making it more long-lasting than conventional cement and green cement can also withstand the negative impact of acid rain and changing temperature. The growing awareness of sustainable development and increasing construction of green buildings are some of the major factors supporting the growth of the global green cement market.

Market Segmentation
The global green cement market has been analyzed on the basis of types, end use and region. On the basis of type, the market is segmented into Fly ash based, Geopolymer, Lime Stone Based, Silica Fume Based, and Others.  Flyash based is the dominating segment in the global green cement market. On the basis of end use, the market is divided into residential and non-residential. The non-residential segment is further divided into industrial and commercial. The non-residential segment is expected to dominate the global green cement market. Geographically, the market is segmented into North America, Latin America, Western Europe, Eastern Europe, Asia Pacific and Middle East & Africa.  North America is expected to witness significant growth during the forecast period.

Market Structure and Competitive Landscape
The global green cement market is fragmented in nature with the presence of many players is the global market. Some of the prominent players that contribute significantly to the global green cement market include CarbonCure Technologies Inc., Cemex, CRH plc, Calera Corporation, Heidelberg Cement, Siam Cement Public Company (SCG), China National Building Material Co., Ltd. (CNBM), and others. These players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers and acquisitions, partnerships, and collaborations are some of the strategies followed by industry players. Some of the key developments in the global biopesticides market include, 

• In July 2022, Hoffman Green Cement Technologies acquired ABC Broyage, which operated a slag grinding plant in North Dordogne.

• In July 2022, The Hallett Group expanded into Australia cement sector by building a cement plant in Port Augusta to Supply green cement and expand their presence geographically.