Green Concrete Market Growth Statistics, Size Estimation, Emerging Trends And Outlook

Overview of the Green Concrete Market:

The production of concrete is becoming a very energy-efficient process because to the increasing usage of innovative technology. During the process, very little CO2 is released. Based on reports, the technique reduces carbon emissions by forty percent. This is because green concrete is less expensive and its basic materials are primarily industrial waste.

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Green Concrete Market Valuation:

Green Concrete Market was valued at US$ 30.68 Bn. in 2022 and is forecasted to be valued at US $ 71.29 Bn. in 2029. The Green Concrete Market size is estimated to grow at a CAGR of 12.8% over the forecast period.

Green Concrete Market Dynamics

Made from recovered industrial waste, fly ash, blast furnace slag, aluminosilicates, and other industrial byproducts, green concrete is a more environmentally friendly alternative to regular cement. Globally, the main benefit of green concrete is a considerable decrease in carbon emissions. In many different countries, it is utilised in the construction of structures including buildings, bridges, and dams that are a part of sustainable architecture initiatives.

In the realm of construction, green concrete is a groundbreaking innovation. It's also seen as the way forward for environmentally friendly building. Reportedly, the manufacture of conventional cement accounts for around 8% of global carbon dioxide emissions; the only way to reduce these figures is through the use of green cement.

Global Construction Industry's Increasing Adoption of Green Concrete Market:

The second most consumed material in the world is concrete. Two of the key reasons propelling the market expansion are the expanding environmental concerns and the booming construction industry. The other important characteristics are their exceptional early strength, resilience, durability, resistance, and low chloride permeability. They are also very long-lasting and robust. Because it contains more calcined clay and limestone than regular concrete, green concrete has a 3% to 4% higher corrosion resistance, is more tangibly applied than regular cement, and is therefore a viable solution for large-scale building. It gives them mechanical strength and lowers porosity.

Green Concrete Market Segmentation

by Product-based

Fly-Ash based
Slag based
Limestone based
Silica-based
Others

The fly ash, slag, limestone, silica fume, and other product types are the divisions of the global green concrete market. With a 40% market share in 2022, fly-based cement was the industry leader in this category and produced less carbon dioxide while mixing. Concrete can have stronger qualities, like as durability, with these additions, albeit the amount that can be added varies depending on the ingredients.

by Application

Residence
Commercial
Industrial
Others

The global green concrete market is divided into residential, commercial, industrial, and other segments based on application. In 2022, the application of commercial structures accounted for 48% of the market. Increasing infrastructure development is a major driver of the growing need for green concrete in commercial applications. The market revenue is being driven by the booming construction activity in many south Asian countries, including Thailand, China, India, and Vietnam.

by Design

Simple Cement Concrete
Pre-stressed Cement Concrete
Reinforced Cement Concrete

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Green Concrete Market Key Players

1. Carbon Cure technologies Inc.
2. CEMEX
3. CRH plc
4. Lafargeholcim
5. Calera
6. Heidelberg Cement
7. ACC Ltd
8. Siam Cement public company
9. Kiran global chems
10.Cera tech
11.Taiheiyo Cement Co.
12.Anhui Conch Cement
13.Votorantim cimentos
14.Ultratech Cement Ltd.

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Table of content for the Green Concrete Market includes:

Part 01: Executive Summary

Part 02: Scope of the Green Concrete Market Report

Part 03: Global Green Concrete Market Landscape

Part 04: Global Green Concrete Market Sizing

Part 05: Global Green Concrete Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Regional Insights:

Among other factors, Asia-Pacific is anticipated to grow at the fastest rate. Developing economies, especially those in the Asia-Pacific area, are driving the expansion of the building and infrastructure industries thanks to a rapid rate of industrial growth. For example, China's construction industry has grown significantly in recent years; according to sources, the country has over 20,000 active construction projects, mostly related to roads and the Belt and Road.

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