Global Green Concrete Market, By Product Type (Cement, Lime), Design (Plain Cement, Pre-Stressed, Reinforced), End-Use (Residential, Commercial, Industrial, Infrastructure) - Industry Trends and Forecast to 2030.
Green Concrete Market Analysis and Size
The essential factors contributing to the growth of the global green concrete market in the forecast period of 2023 to 2020 include growing awareness and demand for sustainable construction, cost savings and economic benefits and rising demand for low-carbon construction
Data Bridge Market Research analyses that the global green concrete market which was USD 18.46 billion in 2022, is expected to reach USD 37.59 billion by 2030, growing at a CAGR of 9.3% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Green Concrete Market Scope and Segmentation
Report Metric |
Details |
Forecast Period |
2023 to 2030 |
Base Year |
2022 |
Historic Years |
2021 (Customizable to 2015-2020) |
Quantitative Units |
Revenue in USD Billion, Volumes in Units, Pricing in USD |
Segments Covered |
Product Type (Cement, Lime), Design (Plain Cement, Pre-Stressed, Reinforced), End-Use (Residential, Commercial, Industrial, Infrastructure) |
Countries Covered |
U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E., Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa |
Market Players Covered |
LafargeHolcim (Switzerland), CEMEX (Mexico), HeidelbergCement AG (Germany), CRH plc (Ireland), UltraTech Cement Ltd. (India), Sika AG (Switzerland), Buzzi Unicem (Italy), Vicat SA (France), Italcementi (Italy), Taiheiyo Cement Corporation (Japan), Ecocem (Ireland), BASF SE (Germany), Cement Australia (Australia), Tarmac (U.K.), St. Marys Cement (Canada), CarbonCure Technologies Inc. (Canada), Solidia Technologies (U.S.), Giatec Scientific Inc. (Canada), Aggregate Industries (U.K.), CeraTech USA (U.S.) |
Market Opportunities |
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Market Definition
Green concrete is made from the wastes of concrete which is already used in construction. An extra amount of time is consumed in the mixing and designing of green concrete so, as to ensure a sustainable structure that helps in inhibiting low maintenance surface and a long life cycle. The usage of green concrete helps in reducing the amount of carbon dioxide emission by 30% and it also provides good thermal and fire resistance.
Global Green Concrete Market Dynamics
Drivers
- Growing Awareness and Demand for Sustainable Construction
There is a growing awareness among consumers, construction companies, and architects about the importance of sustainable construction practices. Green concrete, which typically incorporates recycled materials or alternative cementitious materials with lower carbon footprints, is increasingly being preferred over traditional concrete.
- Cost Savings and Economic Benefits
Green concrete offers potential cost savings over the lifecycle of a building. It often requires fewer raw materials and utilizes industrial by-products, thereby reducing production costs. In addition, green concrete can help reduce energy consumption during construction and lower maintenance costs due to its enhanced durability, leading to long-term economic benefits.
Opportunity
- Rising Demand for Low-Carbon Construction
As the global construction industry seeks to reduce carbon emissions, there is a growing demand for low-carbon construction materials. Green concrete, with its lower carbon footprint compared to traditional concrete, is gaining traction as a preferred choice for sustainable construction projects.
Restraints/Challenges
- Lack of Awareness and Education
Despite increasing awareness about sustainable construction practices, there is still a lack of widespread knowledge and understanding of green concrete among architects, engineers, and construction professionals. Many industry stakeholders may not be familiar with the benefits, performance characteristics, or proper usage of green concrete, which can hinder its adoption in projects.
- Limited Supply Chain and Infrastructure
The availability of alternative cementitious materials and recycled aggregates, which are key components of green concrete, can vary by region. In some areas, there may be limited suppliers or insufficient infrastructure to support the production and distribution of these materials, making it challenging to scale up the use of green concrete in certain markets.
This global green concrete market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global green concrete market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions. Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Development
- In July 2020, LafargeHolcim has made its “green concrete” available in the U.S. market. The firm is also planning to introduce the product to Latin America, Canada and the U.K. It is already available in Switzerland, Germany and France
Global Green Concrete Market Scope
The green concrete market is segmented on the basis of product type, design end use. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
- Cement
- Lime
Design
- Plain Cement
- Pre-Stressed
- Reinforced
End Use
- Residential
- Commercial
- Industrial
- Infrastructure
Global Green Concrete Market Regional Analysis/Insights
The global green concrete market is analyzed and market size insights and trends are provided by country, product type, design and end-use as referenced above.
The countries covered in the global green concrete market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Europe dominates the global green concrete market and is expected to be the fastest growing market during the forecast period of 2023 to 2030 owing to rising preference for environment sustainability and protection and rising shift of manufacturers toward environment friendly alternatives from conventional synthetic concrete in this region.
Middle East is the expected region in terms of growth in global green concrete market due to growing demand for roads, houses, water retention structure, tunnel and bridges and rising research and development activities in the market in this region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Green concrete Market Share Analysis
The global green concrete market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to global green concrete market.
Some of the major players operating in the global green concrete market are:
- LafargeHolcim (Switzerland)
- CEMEX (Mexico)
- HeidelbergCement AG (Germany)
- CRH plc (Ireland)
- UltraTech Cement Ltd (India)
- Sika AG (Switzerland)
- Buzzi Unicem (Italy)
- Vicat SA (France)
- Italcementi (Italy)
- Taiheiyo Cement Corporation (Japan)
- Ecocem (Ireland)
- BASF SE (Germany)
- Cement Australia (Australia)
- Tarmac (U.K.)
- St. Marys Cement (Canada)
- CarbonCure Technologies Inc. (Canada)
- Solidia Technologies (U.S.)
- Giatec Scientific Inc. (Canada)
- Aggregate Industries (U.K.)
- CeraTech USA (U.S.)
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