North America Green Cement And Concrete Market Opportunities, Regional Overview, Business Strategies And Industry Size Forecast To 2030

The North America Green Cement And Concrete Market is expected to grow from US$ 3,423.61 million in 2022 to US$ 6,129.92 million by 2030. It is estimated to record a CAGR of 7.6% from 2022 to 2030.

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The increasing concern for environmental pollution and carbon emissions from different industries has encouraged the governments of several nations to adopt more eco-friendly and sustainable alternatives with low to zero carbon emission rates. The cement industry is a major carbon-centric sector with a substantial share in growing environmental pollution worldwide. Green cement was developed to reduce the carbon footprint in the cement industry. The adoption of green cement in commercial and public infrastructure is rising and is anticipated to be more prominent in the coming years. The growing government initiative and encouraging policies are projected to boost the integration of sustainable green cement and concrete in the foundation of public infrastructure. Similarly, the Hudson Yards Concrete Casing project and Brent Spence Bridge Corridor Project in the US and Nordlicht I, an offshore wind farm, the Fehmarn Belt tunnel, and Regensburg Quarter in Germany are expected to be developed using sustainable materials. Thus, the increasing proliferation of green cement as a viable alternative to conventional cement is anticipated to maintain its growing application in the commercial and public infrastructure sector.

Analysis of the Top Market Players:

1. China National Building Material Co Ltd
2. Green Cement Inc
3. Anhui Conch Cement Co Ltd
4. Holcim Ltd
5. Navrattan Green Cement Industries Pvt Ltd
6. Cemex SAB de CV
7. HeidelbergCement AG

In this report, the market has been segmented on the basis of:

Product Type (Fly Ash Based, Geopolymer, Slag Based, and Others)

End user (Commercial and Public Infrastructure, Industrial, and Residential)

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The US, Canada, and Mexico are the major economies in North America that have witnessed growth in their construction activities. These countries are using the sustainable material for the infrastructure development projects with government support and initiatives. In 2020, according to the CDP North America Inc. company report, in more than 97 cities across the US invested around US$ 25.6 billion for sustainable infrastructure development projects. Further, the US government announced investment of around US$ 1.9 trillion under the America Rescue Plan with aim to 'green building' investments. As of 2019, there were more than 70,000 buildings and commercial places registered under the Leadership in Energy and Environmental Design (LEED), standard for the green construction. Thus, North American countries are growing at rapid pace with highest CAGR of 7.6% during the forecast period.

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