The US Green Cement market size was worth USD 11.08 billion in 2022 and is projected to grow at a CAGR of 10.1% during the forecast period.
The market is witnessing significant growth due to its increasing adoption in residential and non-residential projects as an eco-friendly alternative to traditional cement. Advanced technologies in the manufacturing process also contribute to energy efficiency and lower carbon emissions, making green-cement a sustainable choice for construction projects. Fortune Business Insights presents this information in their report titled "US Green Cement Market, 2024–2032."
Segments:
Fly Ash Leads Market as a Sustainable Alternative for Portland Cement
By type, the market is segmented into fly ash, slag, recycled aggregate, and others. The fly ash segment leads the market and is projected to maintain its dominance as a sustainable substitute for portland cement.
Government Support and Eco-Conscious Consumers Propel Residential Segment
By application, the market is classified into residential, non-residential, and infrastructure. The residential segment dominates the market due to rising customer demand for sustainable buildings to enhance the standard of living, further supported by government regulations promoting green building activities.
From the regional ground, the market is segmented into North America, Europe, Asia Pacific, and Rest of the World.
Report Coverage
Source- https://www.fortunebusinessinsights.com/u-s-green-cement-market-109205
Drivers and Restraints
Eco-friendly Regulations and Enhanced Performance Drive Product Demand, Propelling Market Growth
Rising government initiatives to reduce carbon emissions, along with standards, incentives, and regulations promoting green buildings, drive the demand for green-cement. Its superior properties, including durability, higher tensile strength, and crack resistance, make it a preferred choice over traditional cement. With supportive government regulations, these factors are expected to boost the US Green Cement market share in the near future.
However, insufficient knowledge, complexity of advanced manufacturing processes, and high technology costs are likely to stifle product adoption, constraining market growth.
Regional Insights
North America Market to Dominate Driven by Technological Innovation
North America's dominant position in the market is fueled by manufacturers' focus on research and development for technology innovation. These efforts and innovations are expected to create rewarding opportunities for the US Green Cement market growth and achieve economically viable green-cement mixtures.
The Asia Pacific market is growing, driven by the rise of the construction industry and increasing population, resulting in higher adoption in commercial and residential spaces.
Competitive Landscape
Corporate Commitment to Environmental Sustainability for Maintaining Future Leadership
Larger corporations are dedicated to manufacturing US Green Cement and implementing initiatives to lower carbon emissions globally. Their aim to build environment-friendly solutions has resulted in emissions below the global average, showcasing their obligation to environmental sustainability and the encouragement of green construction materials.
Key Industry Development
February 2022: Eco Material Technologies acquired Boral Resources and US Green Cement Inc., a near-zero carbon cement alternatives manufacturer, as part of a combination transaction funded by USD 525 million in Green Bonds.
Major Players Profiled in the Report:
JSW Cement (India)
US Green Cement Inc. (U.S.)
Holcim Ltd (Switzerland)
ACC Limited (India)
UltraTech Cement Limited (India)
Anhui Conch Cement (China)
CEMEX S.A.B. de C.V. (Mexico)
CRH plc (Ireland)
CarbonCure Technologies Inc. (Nova Scotia)
Heidelberg Cement (Germany)