Global Green Concrete Market Size, Share, Industry Growth, Forecast 2023-2028
Global Green Concrete Market Overview 2023-2028
The global green concrete market size reached US$ 29.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 49.4 Billion by 2028, exhibiting a growth rate (CAGR) of 8.8% during 2023-2028.
Eco-conscious concrete, often referred to as green or sustainable concrete, represents an innovative building material designed to minimize its environmental footprint across its entire lifecycle. It leverages alternative cementitious materials such as fly ash or slag, which consume less energy during production compared to conventional Portland cement, thereby reducing carbon dioxide emissions in the manufacturing process. This eco-friendly concrete boasts enhanced durability and resistance to environmental influences, resulting in structures that endure longer and demand less maintenance. It finds extensive application in constructing industrial facilities due to its ability to withstand heavy machinery and equipment, thereby reducing operational costs through energy efficiency. Moreover, by curbing waste sent to landfills and encouraging resource conservation, the global demand for green concrete continues to grow.
Global Green Concrete Market Trends and Drivers:
The growing awareness of climate change and its repercussions is driving an increased focus on reducing the carbon footprint associated with construction projects. Green concrete’s ability to diminish carbon dioxide emissions during production aligns with global endeavors to combat climate change. Simultaneously, the construction industry is transitioning towards sustainable building practices in response to the demand for eco-friendly and energy-efficient structures. Green concrete, with its durability and environmentally friendly characteristics, seamlessly integrates with this trend, driving market expansion. Furthermore, its capacity to reduce energy consumption, decrease maintenance costs, and provide longer-lasting structures is making green concrete an appealing choice for developers and builders. In harmony with this, green concrete aligns with corporate sustainability objectives, rendering it a preferred option for commercial and industrial developments. Additionally, the attainment of Leadership in Energy and Environmental Design (LEED) certification is increasingly regarded as a symbol of environmentally responsible construction. Green concrete significantly contributes to earning LEED points, further promoting its utilization in green building projects. What’s more, ongoing research and development (R&D) initiatives are enhancing the performance and versatility of green concrete. Innovations in materials and production techniques are expanding the applicability of green concrete across diverse infrastructure projects, bolstering market growth.
Global Green Concrete Market 2023-2028 Analysis and Segmentation:
Top Key Players covered in this report are:
ACC Limited, BASF SE, CEMEX S.A.B. de C.V., Chryso (Compagnie de Saint-Gobain S.A), Flyocrete Green Concrete LL, Heidelberg Cement., LafargeHolcim Ltd., Mapei S.p.A., etc.
The report segmented the market on the basis of region, type, design, and application.
Type Insights:
- Fly Ash Concrete
- Ground Granulated Blast-Furnace Slag Concrete
- Silica Fume Concrete
- Others
Design Insights:
- Plain Cement Concrete
- Reinforced Cement Concrete
- Pre-Stressed Cement Concrete
Application Insights:
- Commercial
- Residential
- Infrastructure
Regional Insights:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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