According to Cognitive Market Research, the global lower carbon cement market size will be USD 2154.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 11.5% from 2024 to 2031.
North America held the major market share for more than 40% of the global revenue with a market size of USD 861.8 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.7% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 646.4 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 495.5 million in 2024 and will grow at a compound annual growth rate (CAGR) of 13.5% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 107.7 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.9% from 2024 to 2031.
Middle East & Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 43.1 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.2% from 2024 to 2031.
The slag-based category is the fastest-growing technology segment of the lower-carbon cement industry.
