Green Cement Market: Impact of Urbanization and Infrastructure Development

Meticulous Research®, a leading global market research company, has published a new report titled, ‘Green Cement Market by Material (Fly Ash, Slag, Recycled Aggregate, Other Materials), End User (Residential, Commercial, Public Infrastructure, Industrial), Geography - Global Forecast to 2031.’

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According to the report, the green cement market is expected to grow to $69.3 billion by 2031, achieving a compound annual growth rate (CAGR) of 9.1% from 2024 to 2031. This growth is primarily driven by the rapid expansion of the construction industry, increasing urbanization in emerging economies, and heightened concerns about greenhouse gas (GHG) emissions from traditional cement production. Additionally, the rise in government initiatives promoting green buildings is anticipated to create further opportunities for market expansion. However, the limited availability of alternative cementitious materials poses a challenge to market growth.

The green cement market is categorized by material and end user, with the report also providing an analysis of industry competitors and regional and country-level markets.

Market Segmentation by Material

The green cement market is segmented into fly ash, slag, recycled aggregate, and other materials. Among these, the fly ash segment is projected to hold the largest market share in 2024. Fly ash, a byproduct of coal-fired power plants, is favored due to its enhanced performance in concrete, both in its fresh and hardened states. It is also considered a sustainable alternative to conventional cement as it has a lower carbon footprint and reduces the demand for raw materials such as limestone.

Fastest Growing Segment: Recycled Aggregate

The recycled aggregate segment is expected to register the highest CAGR during the forecast period. This growth is attributed to the increasing use of recycled aggregate cement in residential and commercial landscaping projects. Applications include constructing retaining walls, raised flower and garden beds, yard drainage systems, and decorative gravel.