Manufacturing and Construction Green Cement Market By Reports and Data | Page 3

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As alternative fuels derived from waste materials such as solid recovered fuels, foundry sand, animal
meals, used oil, filter cakes, sewage sludge, and fly ashes are increasing, demand for green cement is
also increasing. The main factor that boosts this market's growth is the growing need to reduce carbon
emissions and use clean and green fuel. The global green cement market is also supported by
governments around the globe in promoting sustainable building and green architecture, which is
certified as a leader in energy and environmental design (LEED).
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Further key findings from the report suggest
 The Green Cement Market is forecasted to grow from USD 21.42 Billion in 2018 to USD 43.59
Billion by 2026, at a CAGR of 8.7%, during the forecast period. The market is primarily driven by
the growing construction activities in emerging economies, increased use of alternative fuels
from renewable & waste materials and increased efforts to reduce carbon emissions.
 The market for fly ash based segment is expected to grow the largest at USD 14.39 Billion in
2026, at a CAGR of 9.6% during the forecast period. The fly ash market has grown as a result of
growth in the construction industry, increasing focus on infrastructure and road paving, legal
problems related to dumping fly ash, fly ash promotion by governments of different countries,
and increasing focus on the use of environmentally friendly products.
 The market for residential segment is expected to grow the largest at USD 20.49 Billion in 2026,
at a CAGR of 9.3% during the forecast period. Growing urbanization in emerging economies like
India and China is expected to drive growth in this segment over the forecast period with a
growing need for environmentally safe buildings. Furthermore, green roof growth due to eco-
friendly materials from different manufacturers is also expected to fuel market growth over the
forecast period.
 The market for North America is expected to reach USD 15.69 Billion in 2026, at a CAGR of 9.1%
during the forecast period. Indeed, the global market is highly concentrated and North America
is home to a majority of key players. To further enhance regional demand, increased stringency
of regulatory frameworks is anticipated. However, due to the presence of a mature construction
industry, the rate of penetration in North America is low. High carbon emissions have resulted in
the development of strict regulations prescribed by intergovernmental and regional agencies to
address environmental degradation.
 The major players in the market are Anhui Conch Cement Company (China), CEMEX S.A.B. de
C.V. (Mexico), China National Building Material Co., Ltd. (China), Italcementi (Italy),
LafargeHolcim Ltd (Switzerland), CeraTech (India), Calera Corp. (USA), Kiran Global Chems
Limited (India), HeidelbergCement (Germany), Navrattan Blue Crete Industries Pvt. Ltd. (India)
and others.
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Segments covered in the report:
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