Green Cement Market Size

Green Cement Market size was valued at USD 36.29 billion in 2023 and is set to cross USD 131.34 billion by 2036, registering more than 10.4% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of green cement is evaluated at USD 39.31 billion.

The growth of the green cement market can be attributed to the increasing adoption of green construction practices, combined with massive increase in construction activities to support the growing population. According to the data by the International Energy Agency, buildings construction is responsible for over 33% of global final energy consumption, and 40% of the carbon dioxide emissions. The green construction initiatives are being extensively adopted owing to the rising environment awareness regarding pollution caused by various construction activities, including production of cement. Energy consumption accounts for around 20 to 40% of production costs of cement, as more than 2oo kg of coal is used to manufacture 1 ton of cement. On the other hand, green cement is produced by recycling waste material, such as, fly ash, or silica fumes, which makes the concrete environment friendly. Such factors are estimated to boost the market growth. Furthermore, green concrete offers greater strength and resistance against weather conditions and other damages, which is also expected to propel its demand over the forecast period.