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U.S. Green Cement Market Size, Share & COVID-19 Impact Analysis, By Type (Fly Ash, Slag, Recycled Aggregate, and Others), By Application (Residential, Non-Residential, and Infrastructure), and Country Forecast, 2023-2030

Last Updated: April 01, 2024 | Format: PDF | Report ID: FBI109205

 

KEY MARKET INSIGHTS

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The U.S. 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 demand for green materials for different industries, including chemical, construction, and steel, increased drastically after the Paris Agreement in 2015. Participants, such as material scientists, experts, and global leaders, have decided to reduce Carbon Dioxide (Co2) emissions globally. The U.S. took remarkable steps to neutralize greenhouse gas emissions to achieve net zero carbon emissions by 2050. Green cement is formulated through discarded waste, including blast furnaces and fly ash, to reduce the carbon footprint during the manufacturing and mixing process with the other admixtures. Such manufacturing activities and materials are gaining demand from residential buildings.


The COVID-19 pandemic impacted the U.S. construction industry due to restrictions on transportation movement. The key companies had to shut down their manufacturing facilities to prevent the spread of the novel coronavirus. These factors slowed down the growth of the U.S. green cement market in 2020.


U.S. Green Cement Market Trends


Rising Eco-Friendly Construction Activities is a Prominent Trend in the Market


The increasing demand for green cement in end-use applications, such as residential, non-residential, and infrastructure, over traditional cement is an emerging trend in the construction industry. Contractors are shifting toward eco-friendly materials in construction activities to attract consumers and meet government policies in the U.S. Green cement is composed of fly ash, slag, and disposable industrial waste that emits low greenhouse gas during the manufacturing process. Being sustainable, the adoption of this cement from the construction industry is on the rise, and this is expected to create growth opportunities for the market in the coming years.


U.S. Green Cement Market Growth Factors


Increasing Building Policies to Initiate Green Construction to Drive Market Growth


The demand for green cement in the U.S. is associated with increasing building policies to achieve sustainable construction in the coming years. Additionally, the numbers of residential, industrial, and commercial buildings have increased over the past years owing to the rise in urbanization that has boosted the construction industry. Therefore, the new projects of commercial and industrial buildings are compelled to follow the codes required for the energy-efficient structures that are expected to propel product consumption in the construction industry.


RESTRAINING FACTORS


Lack of Knowledge About the Green Cement Advantages May Hamper Market Growth


The switching of product manufacturing technology may hamper the market. The manufacturing of green cement needs a constant supply of raw materials, skilled labor, and advanced machinery types compared to conventional cement. Therefore, the changes in the product manufacturing process may increase the final cost of the material. On the other side, the lack of knowledge about this cement’s advantages in end-use applications is another key restraint for the U.S. green cement market growth.


U.S. Green Cement Market Segmentation Analysis


By Type Analysis


The market is segmented into fly ash, slag, recycled aggregate, and others based on type.


The fly ash segment holds the largest market share in the U.S. The segment's growth is associated with the offered properties, such as the durability, strength, and improvement of the performance of the cement. Also, the rising demand for green materials, such as fly ash, for producing green cement owing to its eco-friendly nature is surging the segment’s growth.


Slag and recycled aggregate are used to formulate green cement as these raw materials emit low carbon dioxide during the manufacturing process. These factors are anticipated to moderately boost the growth of the segments in the U.S. market.


By Application Analysis


Based on application, the market is segmented into residential, non-residential, and infrastructure.


The residential segment accounted for the largest U.S. green cement market share in 2022. The segment’s growth is attributed to the increasing urbanization. The people are shifting to the metro cities to earn their livelihood and better lives. This has increased the number of private villas, independent houses, and apartments. Thus, an increase in construction activities combined with eco-friendly construction in the country is driving the product demand from residential applications.


The growing number of schools, airports, offices, roadways, highways, and bridges to strengthen the public transport connection and to build robust infrastructure combined with sustainable development is boosting the non-residential and infrastructure segments' growth to a greater extent in the market.


List of Key Companies in U.S. Green Cement Market


In terms of the competitive landscape, the market depicts the presence of established companies operating in the market. Key players include Green Cement Inc., Holcim Ltd, CEMEX S.A.B. de C.V., CRH plc, and Heidelberg Cement. These manufacturers compete primarily based on the price and application characteristics of the product. Companies are emphasizing product innovation, social marketing, acquisitions, and collaborations.


LIST OF KEY COMPANIES PROFILED:



KEY INDUSTRY DEVELOPMENTS:



  • March 2023: Holcim Mexico commenced manufacturing its Fuerte Más reduced-CO2 cement at its cement plants in Tabasco and Macuspana at a combined rate of 60,000 t/yr.

  • July 2021: Holcim has launched ECOPlanet, a range of green cement delivering at least 30% lower carbon footprints with superior performance. Initially, it was sold in Romania, Germany, Switzerland, Canada, France, Spain, and Italy. Further, the distribution was expanded across 15 more countries in order to enhance the geographic presence.


REPORT COVERAGE


An Infographic Representation of U.S. Green Cement Market

To get information on various segments, share your queries with us



Based on market analysis, the study report thoroughly examines key factors such as leading companies, applications, and products. It also provides market trends and highlights significant industry advancements. The study includes different variables that have contributed to the market's growth in recent years and the factors listed above. It examines the industry's newest market dynamics and opportunities, as well as historical data and revenue growth estimates at the country level.


Report Scope & Segmentation













































ATTRIBUTE



DETAILS



Study Period



2017-2030



Base Year



2022



Estimated Year



2023



Forecast Period



2023-2030



Historical Period



2017-2021



Growth Rate



CAGR of 10.1% from 2023 to 2030



Unit



Value (USD Billion), Volume (Kiloton)



Segmentation



By Type



  • Fly Ash

  • Slag

  • Recycled Aggregate

  • Others



By Application



  • Residential

  • Non-Residential

  • Infrastructure






Frequently Asked Questions

Fortune Business Insights says the U.S. market was worth USD 11.08 billion in 2022.

The market is expected to exhibit a CAGR of 10.1% during the forecast period (2023-2030).

By application, the residential segment accounted for a leading share of the market.

Green Cement Inc., Holcim Ltd, CEMEX S.A.B. de C.V., CRH plc, and Heidelberg Cement are the top players in the market.

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