Seattle, WA -- (SBWIRE) -- 10/01/2019 -- Cement as a material plays significant role in the construction industry. It helps to bind together materials such as bricks and steel. An emerging concept, green cement is not widely used in the construction industry. Use of green cement can help reduce several adverse impacts of conventional cement on the environment. A carbon-negative manufacturing process is used to produce green cement. The process reduces the harmful emissions during the manufacturing of the cement, which makes the green cement eco-friendly. Green cement offers various benefits over conventional Portland cement. For instance, green cement reduces carbon dioxide emissions by up to 10% and water consumption by 20%.

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Market Outlook

The global green cement market 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. Factors attributing to growth of the market include, increasing preference for eco-friendly substitutes to conventional cement. Green cement has the ability to reduce carbon emission at construction sites by 40%. It can be 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, increasing construction of offices, shopping malls, hospitals, and theaters is expected to contribute to the market growth during the forecast period. Green cement is also used as a repair material in the construction industry and as a binder in waste management. Key players in the market are focused on R&D to enhance the manufacturing technology of green cement, thereby aiding in the market growth.

Growing urbanization in emerging economies such as India, China, and South Africa offers lucrative opportunities for green cement manufacturers.

Market Regional Analysis

Among regional markets, North America is expected to account for a significant market share in the global green cement market, exhibiting a CAGR of 9.12% to reach US$ 15.68 billion by 2026. This growth is attributed to high presence of key players in the region. However, the construction industry in North America is mature, which may hamper the market growth. The market in Asia Pacific is majorly driven by increasing demand for green cement from emerging economies such as India and China.

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Market Key Players

Key players operating the global green cement market include, Holcim Ltd., Jaypee Group, Cemex, Eurocement Group, Sinoma International Engineering Co., Ltd., and Lafarge Cement Company.

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