Green cement is a cleaner substitute for traditional cement produced using industrial by-products such as fly ash, aluminosilicates, blast furnace slag, and recycled industrial waste. According to BlueQuark Research and Consulting, the global Green Cement market is expected to grow considerably during the forecasted period. Factors such as increasing construction activities in developing countries owing to rapid urbanization and a shift towards sustainable constructions and buildings are expected to drive the global Green cement market demand in the forecasted period. Further, a growing awareness about the detrimental effect of carbon emissions on the environment and a shift toward eco-friendly resources is expected to drive the demand for the global Green Cement market in the forecasted period. Furthermore, green cement provides better functionality, requires fewer natural materials during production, and releases less carbon dioxide than traditional cement, resulting in higher market penetration that is expected to drive the demand for the global Green Cement market during the forecasted period. However, a lack of awareness regarding the advantages of green cement and the increased investment required to produce green cement are expected to restrain the global market growth in the forecasted period.

Green cement is used in residential, commercial, and industrial areas for new construction, repair, and maintenance activities.

The demand for Green cement is primarily driven by the multiplication in infrastructure activities resulting in the surging demand for the Green cement market. Increasing construction activities in developing countries owing to rapid urbanization and a shift towards sustainable constructions and buildings are expected to drive market revenue growth significantly during the forecasted period. Green cement is produced using a "carbon-negative manufacturing process." It is an eco-friendly product that helps in minimizing carbon footprint during cement production and has the potential to resolve serious environmental issues. Cement is a solid binding and adhesive agent with a high carbon footprint but is a critical ingredient in the construction industry. A significant decrease in carbon emissions is the critical advantage green cement offers, augmenting its global demand. It is now used to construct structural columns, dams, bridges, and buildings that form a part of sustainable architectural programs in various nations. The government of countries like China is increasingly investing in constructing environmentally sustainable infrastructure, boosting demand for green cement.

The increasing number of building codes and policies mandating energy-efficient structures have led to the development of green cement in residential buildings. The new energy code in Canada has recently required continuous below-grade insulations in residential structure coatings. Emerging economies like India also witness strong demand for green cement. With the increasing demand for sustainable products and the enactment of stringent carbon emission regulations, the emphasis on developing zero-waste regions is increasing. Furthermore, rising awareness among consumers, especially in developed nations, regarding the energy advantages associated with green homes is predicted to drive the green cement industry in the residential sector over the forecasted period.

Asia Pacific is expected to be the highest-growing region in the forecasted period. The requirement for new homes in the United States has been increasing consistently for the past few years, owing to the country's growing population and rising consumer incomes. Reduction in the average household sizes has also been a driving factor for the growth of new home constructions in the United States, with single-family housing proliferating. The United States dominates the North American cement market primarily due to the various certifications and tax incentives offered in these regions for green buildings. Rising concerns regarding greenhouse gas emissions during cement manufacture are a significant factor responsible for an increase in the production of green cement as it minimizes the carbon footprint of cement production by 40%. It is estimated that to produce every ton of OPC, an equal amount of carbon dioxide gets released into the atmosphere. The energy needed during the production of OPC can be minimized with cement manufactured from locally available minerals and industrial wastes.

Carbon dioxide emission, with the help of green cement, can be restricted to 30% or even less compared to conventional methods. The demand for freshwater in RMC can be reduced by around 50% with the help of green cement. Rising initiatives regarding the construction of green buildings and demand for sustainable cement for green building construction are predicted to surge the application of green cement. Green cement is against temperature changes and can reduce cooling and heating costs. With the increasing awareness about the detrimental effect of carbon emissions on the environment, there has been a rapid shift towards eco-friendly resources. Green cement is one of them. Therefore, it finds an extensive application in residential, commercial, and industrial construction. Factors including rising urbanization and burgeoning demand for the infrastructures like office spaces, shopping malls, theatres, and hospitals are also contributing to the growth of the Green Cement Market.

Some of the market's key players are Carbon Cure Technologies Inc., CEMEX SAB de CV, CRH plc, Lafarge Holcim Ltd, and Calera Corporation.

In February 2022, Eco Material Technologies, a US-based manufacturer of sustainable cementitious materials, acquired Boral Resources, a North American-based fly ash provider, and Green Cement, a Texas-based manufacturer of carbon cement alternatives, for an undisclosed amount. Eco Material Technologies is a newly established entity in the green cement sector, and the company is focusing on strengthening its production and research capabilities through these acquisitions.

In June 2021, JSW Cement entered the Ready-Mix Concrete (RMC) business with its first commercial unit in Chembur, India. The company is set to use green cement, and Indian Green Building Council (IGBC) certifies such products as part of its commitment to minimize carbon emissions and ensure sustainable construction practices.

Global Green Cement Market report provides deep insight into the Industrial market's current and future state across various regions. The study comprehensively analyses the Green cement Market by segmenting based on By Product Type (Fly Ash Based, Slag Based, Recycled Aggregates, Other Types), By Application (Residential, Commercial, Industrial), By End-User Industries (New Construction Activities, Repair, and Maintenance Activities). The report examines the market drivers and restraints and the impact of Covid-19 on market growth in detail. The study covers emerging market trends, development, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with prominent companies and profiles, including their market shares and projects.