Low Carbon Cement Market Size is Projected to Reach $5.88 Billion by 2034 With a CAGR of 11.2%

Expanding Sustainability Trend Set to Push Sales of Eco-Friendly Building Materials Such as Low Carbon Cement: Fact.MR Analysis

According to a revised study by Fact.MR, a market research and competitive intelligence provider, rising use of specialty green cementing polymers in construction projects across the world is set to boost the size of the global low carbon cement market from US$ 2.03 billion in 2024 to US$ 5.88 billion by the end of 2034.

Increasing sustainable building practices are likely to increase the consumption of green cement in construction sector. The production of cement requires high energy, to minimize the carbon emission several end users are adopting low carbon cement. Changing lifestyles and rising trend of smart cities are driving the low carbon cement market growth. Several respective governments across the globe are imposing strict regulation on pollution and hazardous gas emissions, which is generating profitable opportunities for green building material suppliers.

Rising industrial activities across the globe are increasing the need for renovation or new infrastructure development, which subsequently is driving the sales of low carbon cement. Asia Pacific is a key market for low carbon cement suppliers. Large scale of construction activities, population growth, and the green shift in almost every sector will create ample opportunities for low carbon cement producers.

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Key Takeaways from the Market Study:

• Global demand for low carbon cement is estimated to increase at a CAGR of 11.2% from 2024 to 2034.
• The United States market is approximated at US$ 315.2 million in 2024.
• Sales of low carbon cement in Japan are projected to reach US$ 416.9 million by 2034.
• China is anticipated to hold 57.3% of the East Asian market share by 2034.
• Demand for Portland cement is foreseen to rise at a CAGR of 11.6% during the next 10 years.

“Initiatives such as net zero emissions are set to drive the sales of low carbon cement across the globe,” says a Fact.MR analyst.

Leading Players Driving Innovation in the Low Carbon Cement Market

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

Competitive Landscape

The global low carbon cement market is characterized by the presence of prominent manufacturers and start-ups. The key market players are focused on increasing their market reach through strategies such as global expansion, mergers, and collaborations. New companies in the low carbon cement market are investing in R&D to develop innovative product.

• An Italian start-up AGMA Geopolymer is focused on the production of sustainable building materials. It effectively converts industrial waste in geopolymer a low carbon alternative to cement.

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Low Carbon Cement Industry News:

• In 2023, Heidelberg Materials launched the evoZero brand to market carbon-neutral cement.

More Valuable Insights on Offer

Fact.MR, in its new offering, presents an unbiased analysis of the global low carbon cement market, presenting historical demand data (2018 to 2023) and forecast statistics for the period (2024 to 2034).

The study divulges essential insights on the market based on cement type (Portland cement, high alumina cement, quick settling cement, others), technology (fly-ash-based, slag-based, others), reduction potential (less than 50% reduction, 50 to 70% reduction, above 70% reduction), and end use (residential construction, commercial construction, industrial construction), across six major regions of the world (North America, Latin America, Europe, East Asia, South Asia & Oceania, and MEA).

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