Green Cement Market Set to Experience a Massive 8.7% CAGR During 2024-2030

In 2023, Holcim contracted with Amazon Web Services (AWS) to supply low-carbon green cement EcoPact concrete for building work in North Virginia.

According to MarkNtel Advisors study, The Global Green Cement Market is estimated to grow at a CAGR of around 8.7% during the forecast period, i.e., 2024-30.

Developing economies like Saudi Arabia, Oman, Malaysia, India, Brazil, etc., have announced the biggest smart city projects such as NAINA Smart City India, Saudi’s NEOM, Forest Island Malaysia, Mukaab of the UAE, and more in recent times. These projects prioritize sustainable construction for residential, commercial, and high-rise structures to accommodate urban growth, emphasizing energy efficiency.

With a focus on environmentally conscious infrastructure, the demand for construction materials with a reduced carbon footprint, like green cement, is expected to rise. Developers and construction firms would favor green cement over Portland cement, as it is responsible for huge carbon emissions. According to the Portland Cement Association, manufacturing a cubic yard of concrete (about 3,900 lbs.) is responsible for emitting around 400 lbs. of CO2. Therefore, surging sustainable smart city projects are anticipated to offer lucrative opportunities for the growth & development of the Global Green Cement Industry in the coming years.

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Key Findings in Green Cement Market:

Green Cement Market Key Players:

HOLCIM, CEMEX,S.A.B.de C.V., Heidelberg Materials, Hallett Group, SCG (Siam Cement Group), Ecocem, Green Cement Inc., Taiheiyo Cement, Taiwan Cement Ltd., Euro Cement Group, JSW Cement, Navarattan Group, UltraTech Cement Ltd., Brimstone Energy, Others

Market Segmentation Overview:

By Type

-Ekkomaxx Cement

-Geopolymer Cement

-Others (Sequestrated Carbon Cement, Superheated Steam Cement, etc.)

Ekkomax has held a prominent share of the market in recent years due to its growing introduction by companies, performance characteristics, and regulatory compliance. Ekkomaxx Cement offers a range of desirable features, including high early strength, resilience, crack resistance, low chloride permeability, sulfate attack resistance, etc. These characteristics make it an attractive choice for various construction applications, meeting both performance and sustainability criteria.

Additionally, the construction and building sector's heightened focus on sustainability, driven by stringent regulations, has led to a notable increase in the demand for green cement. In response to this trend, cement manufacturers are actively introducing products like Ekkomaxx cement to meet evolving market preferences. For instance, in 2023, ACC, one of the leading cement manufacturers in India, launched ACC ECOMaxX, an expert range of green concrete solutions. As a result, the expanding presence of Ekkomaxx is anticipated to play a role in augmenting its market share within the green cement sector in the forthcoming years.

By Raw Material

-Fly Ash

-Slag

-Recycled Glass

-Silica Fumes

-Recycled Concrete Aggregates

-Others (Bamboo Leaf Ash, Aluminium Sand)

By End User

-Residential

-Commercial & Industrial

-Public Infrastructures (Roads, Bridges, etc.)

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By Region

• The Americas
• Europe
• The Middle East and Africa
• Asia-Pacific

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