Green Cement MarketSize and Trends

Global Green Cement Market - Market Outlook

Global green cement market size was valued at US$ 21.43 billion in 2018 and is expected to witness a CAGR of 8.75% during the forecast period (2019-2027), reaching US$ 43.58 by 2026. Increasing demand for an eco-friendly substitute for traditional cement is expected to boost the global green cement market in the near future. Green cement reduces the carbon emission at construction sites by 40%, which is increasing its demand and subsequently driving the market growth. Green cement is used in commercial, residential, and industrial construction. Residential area was the largest in term of volume in 2015, accounting for 44.2% market share. Moreover, growing demand for the construction of offices, shopping malls, hospitals, theaters will support the market growth during the forecast period. Furthermore, green cement is also used as a repair material in the construction industry and as a binder in waste management. Key players around the world are conducting research and development activities to improve the manufacturing technology of green cement, which will eventually drive the market growth.

Growing urbanization in emerging economies such as India, China, and South Africa poses an excellent opportunity for green cement manufacturers to enhance their revenue during the forecast period.