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North America Green Cement Market Size, By Product (Fly Ash-based, Slag-based, Recycled Aggregates), By Application (Residential, Commercial, Industrial), By Country, Industry Analysis Report, Country Outlook, Application Potential, Competitive Market Share & Forecast, 2020 – 2026
Published Date: November 2020 | Publisher: Graphical Research Report ID: GR1540 | Delivery : PDF  Request Free Sample

Industry Trends

North America Green Cement Market Size was USD 115 million in 2019 and will grow at a CAGR of 5.0% up to 2026.

North America Green Cement Market

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Growing sustainability trends toward the reduction of carbon dioxide from construction activities will enhance market expansion. Infrastructure development is one of the most crucial sectors of an economy for long-term development. According to Oxford Economics, by 2030, global construction will grow over USD 15 trillion. Supportive regulations introduced by legal bodies such as the U.S. EPA are significantly promoting the carbon-negative manufacturing process of cement. A significant development in the modern construction industry has surged the potential use of green cement in commercial and industrial buildings in the U.S.

The rapid emergence of stringent building codes on GHG emissions for sustainable urban developments has stimulated energy-efficient construction, thereby escalating the demand for eco-friendly construction materials. Green cement offers high bearing & compressive strength, abrasion & chemical resistance, and low susceptibility to moisture compared to conventional cement. With growing economic development, people are migrating to urban areas; therefore, there is a strong need for residential homes in North America. Changing consumer demographics, growing trends of multi-family buildings, multiple homeownership schemes, and growing preference of consumers to deploy green cement for enhanced aesthetics will support market growth.

Lack of awareness, high processing cost, and lower life cycle efficiency are the major factors limiting the North America green market. The elevating COVID crisis in the U.S. has significantly contracted the economic output in the region, thereby adversely affecting the supply chain and the construction industry.

The fly ash green cement is likely to witness a high growth rate through 2026 owing to its high compressive strength and cost-effectiveness. The pozzolanic properties of the product enable it to replace 30% mass of Portland cement in a concrete mixture, thereby improving strength and segregation of the concrete. Fly ash emerges as an economical alternative in road construction projects that use Portland cement concrete as it is highly accepted by the Federal Highway Administration. Increasing acceptance of fly ash in the construction of embankment, factories, and warehouses will escalate green cement demand.

The rising construction of commercial buildings, such as restaurants, subways, civil structures, airports, shopping malls, hypermarkets, warehouses etc has increased the adoption of emerging solutions offering superior performance. An upsurge in modular construction projects and rising remodeling activities will escalate green cement demand in the North America residential sector.

The green cement market is quite consolidated, key players are making substantial investments in R&D to formulate durable materials and restrict carbon emissions. Joint ventures, strategic alliances, supply agreements, and production capacity expansion are other strategies adopted by players to expand their product portfolio and attain a competitive edge. Anhui Conch Cement Company, Heidelberg Cement, LafargeHolcim, CEMEX, Navrattan Blue Crete Industries, Siam Cement Public Company, CNBM, and Kiran Global Chems are some of the major players operating in the market.

Frequently Asked Question(FAQ) :

The market size of North America Green Cement Market was valued USD 115 million in 2019.
The industry share of North America Green Cement is projected to witness more than 5% growth rate during 2020 to 2026.
Anhui Conch Cement Company, Heidelberg Cement, LafargeHolcim, CEMEX, Navrattan Blue Crete Industries, Siam Cement Public Company, CNBM, and Kiran Global Chems are some of the major players operating in the market.

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