Low Carbon Cement Market

Low Carbon Cement Market Study by Portland, High Alumina, and Quick Settling Cement for Residential, Commercial, and Industrial Construction from 2024 to 2034

Analysis of Low Carbon Cement Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Low Carbon Cement Market Outlook (2024 to 2034)

The global low carbon cement market size has been calculated at a value of US$ 2.03 billion for 2024 and is forecasted to increase at a CAGR of 11.2% to reach US$ 5.88 billion by the end of 2034.

Green energy stocks are set to climb as high emphasis is paid to discovering alternatives to fossil fuels that are environment-friendly. The environmental impact of concrete, despite its high carbon footprint as a construction material, can be reduced in numerous ways. The concrete industry is developing technologies that can significantly lower emissions while still ensuring that products fulfil the same performance standards as conventional concrete. Today, cement and concrete producers have access to a wide range of cutting-edge and mainstream options.

  • Short Term (2024 to 2027): Rising demand from sustainability-focused consumers for residential properties will drive demand for green cement.
  • Medium Term (2027 to 2030): The European region is poised to exhibit high demand due to rising construction activities using low-carbon cement and growing awareness about the benefits of using green concrete over conventional cement.
  • Long Term (2030 to 2034): Price stabilization will remain the focus of manufacturers in the long run; manufacturing using fly-ash and slag to further improve the price-to-performance ratio. Besides, an increase in the use of low carbon cement in commercial buildings will become the norm in the latter part of the forecast period.

Development of newer cement formulations using sustainable materials that are capable of improving the decarbonisation potential of the overall construction industry (as a whole) is set to boost the low carbon cement market growth during the next 10 years.

  • The North American low carbon cement market size is evaluated at US$ 439.7 million by 2034.
  • East Asia is projected to hold 24.6% of the global low carbon cement market share by 2034.
Report Attributes Details
Low Carbon Cement Market Size (2024E) US$ 2.03 Billion
Forecasted Market Value (2034F) US$ 5.88 Billion
Global Market Growth Rate (2024 to 2034) 11.2% CAGR
South Korea Market Value (2034F) US$ 201.2 Million
High Alumina Cement Demand Growth Rate (2024 to 2034) 11.5% CAGR
Key Companies Profiled
  • CeraTech
  • Ecocem Ireland Lt
  • Heidelberg Cement
  • Navrattan Green Cement Industries Pvt. Ltd
  • U.S. Concrete, Inc.
  • CarbiCrete
  • Carbon Cure
  • Cemex
  • Holcim
  • Kiran Global Chems Ltd

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Why is Demand for Low Carbon Cement Rising Rapidly?

“Population Growth Contributing to Increasing Demand for Low Carbon Cement in Construction Activities”

  • According to International Energy Agency, worldwide cement production is the second-largest source of CO2 emissions and the third-largest consumer of industrial energy.

Cement and concrete are in high demand due to the growing global population and urbanization patterns, as well as the need for infrastructure development, which puts further pressure on the industry to reduce its carbon footprint as quickly as possible.

  • If countries follow through on their commitments to reduce carbon emissions and improve energy efficiency, the green cement industry's global direct CO2 emissions will rise by only 4% by 2050, resulting in a 12% increase in cement production, says the International Energy Agency.

“Strict Environmental Regulations Driving Sales of Sustainable Building Materials”

Rising sustainable construction practice is an emerging low carbon cement market trend. The growing use of green cement in residential as well as commercial construction projects over conventional cement is driving the overall market growth. Low carbon concrete is produced through the combination of fly ash, blast furnace slag, and calcined clays, which aids in the reduction on the use of traditional cement.

Initiatives by governments across the globe to reduce carbon emissions by providing incentives and setting regulations is set to promote the adoption of green building materials such as low-carbon concrete.

“Strict Emission-related Norms Will Generate Lucrative Opportunities for Environment-Friendly Concrete Producers”

  • As the effects of climate change become clearer, scientists and governments alike have argued for more rigorous greenhouse gas (GHG) emission targets. The goalpost has been adjusted from keeping temperature rise below 2.0 degrees Celsius to 1.5 degrees Celsius, with more countries pledging to go net-zero emission by 2050.

Uncertainty surrounds what will happen in the climate discussion by 2050, but the cement sector faces particular difficulties in meeting these targets due to the unavoidable chemical process known as calcination.

  • Years may go by before innovative methods for decarbonizing cement can be scaled up like they are in other industries. Despite this, International Energy Agency’s findings in the Faster Transition Scenario imply that the energy related emissions is set to drop by 75% by the year 2050.

Thus, the green building industry has the potential to surge during the forecast period.

Why Do Budget-Constraint Cement Producers Hesitate in Adopting Green Manufacturing Technologies?

“Installation of Green Cement Manufacturing Technologies Costly Move”

The production of green cement requires the installation of huge machinery, novel technologies, strong supply chain, and skilled workforce. The change or shift from conventional cement production to green cement manufacturing leads to high investments, and this may not be possible for all cement manufacturers. Thus, high expenditure for green cement production may lower their production cycle.

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How are New Companies Set to Penetrate This Market?

“Start-ups Strategically Investing in R&D for Higher Returns”

Cement including white cement is the widely used building material. Concrete manufacturing is one of the energy intensive processes. To mitigate this issue green building materials are gaining popularity. New companies eager to enter this competitive space should invest in R&D to produce eco-friendly concrete solutions. The rising sustainable building practices are expected to benefit green building material manufacturers in the coming decade.

Nanaotek Materials is a Canadian start-up that focuses on the development of nanocement. The nanocement is produced through the combination of Portland cement and superplasticizer-based nanoshell. This company is focused to reduce greenhouse gas emission by up to 65% by replacing a major portion of clinker with industrial waste, ash, and quartz sand.

Some of the top start-ups include :

  • Nanaotek Materials
  • FLEXOFibers
  • AGMA Geopolymers

Country-wise Analysis

The United States a dominant market in the North American region is set to account for 73.5% of the market share by 2034. The rising construction activities are boosting sales of low carbon cement in China.

Why is the United States Key for Low Carbon Cement Producers?

“Strict Environmental Regulations Driving Consumption of Green Cement”

Attribute United States
Market Value (2024E) US$ 315.2 Million
Growth Rate (2024 to 2034) 9.2% CAGR
Projected Value (2034F) US$ 756.9 Million

The United States is largely undertaking renovation projects for repairing its ailing infrastructure, which is opening newer revenue-generating opportunities for green cement manufacturers. The country is the fourth-largest consumer of cement. The adoption of net zero emission initiative is set to boost the sales of green building materials in the country. Sustainable-building certification systems are also gaining traction in the United States.

Besides, the presence of agencies such as the United States Environment Protection Agency (EPA) for regulating environmental and sustainability-related matters further points toward low carbon cement adoption as the country moves towards adopting sustainable solutions.

Will China Offer Lucrative Opportunities to Low Carbon Cement Suppliers?

“Several Infrastructure Development Projects Demanding Low Carbon Concrete”

Attribute China
Market Value (2024E) US$ 258.3 Million
Growth Rate (2024 to 2034) 12.4% CAGR
Projected Value (2034F) US$ 829.5 Million

China has historically remained one of the vital destinations when it comes to the construction industry, starting from rapid infrastructure development and the construction boom in the early 2000s. Rising construction activities in the western part of the country are boosting the cement consumption. In the large construction projects conducted in China are utilizing belite clinkers. Furthermore, the sustainability trend is further boosting the low carbon cement demand in China.

What is the Demand Outlook for Low Carbon Cement in Germany?

“Green Building Practices Boosting Sales of Low Carbon Concrete”

Major focus on cement sustainability and presence of key market players is boosting the market growth in Germany. Germans are forefront at innovations and growing popularity of built environment is increasing the sales of green cement. Reuse and recycling targets in the construction sector of Germany are boosting the consumption of sustainable building materials.

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Category-wise Analysis

Portland cement and high alumina cement are set to exhibit high demand from construction sector during the next 10 years.

Which Cement Type is Most Widely Consumed?

“Easy Availability Increasing Adoption of Portland Cement”

Attribute Portland Cement
Segment Value (2024E) US$ 449.9 Million
Growth Rate (2024 to 2034) 11.6% CAGR
Projected Value (2034F) US$ 1.34 Billion

Out of all the cement types considered in the scope of the study, Portland cement is the market favourite with a majority of companies using it as base cement before adding innovation to develop their versions of low carbon cement.

Portland cement is the go-to cement based for green cement manufacturers owing to its easier availability across geographies at rather competitive prices as compared to other cement types. Companies are partnering with end users and commercial as well as residential real estate developers for the long-term supply of their cement.

Why is Fly-Ash-Based Cement Gaining Traction?

“Fly Ash Effectively Mitigates Use of Cement in Concrete Mixes”

Attribute Fly-Ash-Based
Segment Value (2024E) US$ 604.6 Million
Growth Rate (2024 to 2034) 10.7% CAGR
Projected Value (2034F) US$ 1.67 Billion

Fly ash being pozzolanic is used to partially replace cement in concrete mixes. It is used as a supplementary cementitious material (SCM) in the production of Portland cement concrete (PCC). Fly ash improves the performance of Portland cement concrete.

Competitive Landscape

The key players in the low carbon cement market are continuously focusing on innovation to earn more. They are adopting several organic and inorganic tactics to increase their market reach and position. Mergers, collaborations, partnerships, and global expansion are some the strategic approaches adopted by them.

  • In 2023, Heidelberg Materials introduced evoZero brand to sell carbon neutral cement.

Key Segments of Low Carbon Cement Market Research

  • By Cement Type :

    • Portland Cement
    • High Alumina Cement
    • Quick Settling Cement
    • Others
  • By Technology :

    • Fly-ash-based
    • Slag-based
    • Others
  • By Reduction Potential :

    • Less than 50% Reduction
    • 50 to 70% Reduction
    • Above 70% Reduction
  • By End Use :

    • Residential Construction
    • Commercial Construction
    • Industrial Construction
  • By Region :

    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia & Oceania
    • Middle East & Africa

- FAQs -

What is the current size of the low carbon cement market?

The global low carbon cement market is estimated at US$ 2.03 billion by 2034.

How much is the forecasted value of the low carbon cement market for 2034?

Sales of low carbon cement are projected to reach US$ 5.88 billion by 2034.

What is the future of the low carbon cement?

Demand for low carbon cement is foreseen to rise at a CAGR of 11.2% from 2024 to 2034.

How is the market for low carbon cement evolving in South Korea?

The South Korea market is expected to register a CAGR of 14.2% through 2034.

What are the projected sales of fly-ash-based cement?

Demand for fly-ash-based cement is anticipated to reach a market value of US$ 1.67 billion by 2034.

Who are the well-known producers of low carbon cement?

Some of the key market players include CarbiCrete, Carbon Cure, and Cemex.

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