Green Cement Market Trends

  • Report ID: 363
  • Published Date: Dec 23, 2024
  • Report Format: PDF, PPT

Green Cement Market Trends

Growth Drivers

  • Growing Adoption of Sustainable Construction
  • Environment Friendly Nature of Green Cement

Challenges

  • Increase in the Construction Costs
  • Lack of Awareness Regarding Green Cement

Green Cement Market: Key Insights

chemicals Graph

The chemical industry is a major component of the economy. According to the U.S. Bureau of Economic Analysis, in 2020, for the U.S., the value added by chemical products as a percentage of GDP was around 1.9%. Additionally, according to the World Bank, Chemical industry in the U.S. accounted for 16.43% to manufacturing value-added in 2018. With the growing demand from end-users, the market for chemical products is expected to grow in future. According to UNEP (United Nations Environment Program), the sales of chemicals are projected to almost double from 2017 to 2030. In the current scenario, Asia Pacific is the largest chemical producing and consuming region. China has the world’s largest chemical industry, that accounted for annual sales of approximately more than USD 1.5 trillion, or about more than one-third of global sales, in recent years. Additionally, a vast consumer base and favorable government policies have boosted investment in China’s chemical industry. Easy availability of low-cost raw material & labor as well as government subsidies and relaxed environmental norms have served as a production base for key vendors globally. On the other hand, according to the FICCI (Federation of Indian Chambers of Commerce & Industry), the chemical industry in India was valued at 163 billion in 2019 and it contributed 3.4% to the global chemical industry. It ranks 6th in global chemical production. This statistic shows the lucrative opportunity for the investment in businesses in Asia Pacific countries in the upcoming years.

Base Year

2024

Forecast Year

2025-2037

CAGR

10.4%

Base Year Market Size (2024)

USD 40.06 billion

Forecast Year Market Size (2037)

USD 144.98 billion

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Browse Key Market Insights with Data Illustration:


Author Credits:  Rajrani Baghel


  • Report ID: 363
  • Published Date: Dec 23, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of green cement is assessed at USD 43.6 billion.

Green Cement Market size was over USD 40.06 billion in 2024 and is projected to reach USD 144.98 billion by 2037, growing at around 10.4% CAGR during the forecast period i.e., between 2025-2037.

Asia Pacific industry is anticipated to hold largest revenue share by 2037, on the back of increasing construction activities to accommodate the growing population, along with rising government initiatives to curb the pollution levels.

The major players in the market are Navrattan Group, Ecocem Ireland Ltd., Kiran Global Chem Limited, Heidelbergcement AG, Votorantim Cimentos, Minerals Technologies Inc., Taiheiyo Cement Corporation, CEMEX S.A.B. de C.V., and Calera Capital.
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