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 2031.
Green Concrete Market Analysis and Size
The green concrete is used to construct pavements, which involves using environmentally friendly materials and methods for constructing roads, walkways, driveways, and other paved surfaces. Green concrete, often made with green cement, offers advantages such as reduced carbon emissions, lower energy consumption during production, and decreased reliance on finite natural resources. It incorporates recycled materials such as fly ash, slag, or recycled aggregate, green concrete pavements contribute to waste reduction and conservation efforts. Alternative cementitious materials such as geopolymers further enhance sustainability by minimizing the use of traditional cement, a significant source of carbon dioxide emissions.
For instance,
Eco Material Technologies strengthened its sustainable construction portfolio with the acquisition of Boral's US fly ash business in December 2021, enhancing its commitment to utilizing recycled materials in green concrete. The recent acquisition of Green Cement bolsters its leadership in sustainable solutions, emphasizing eco-friendly materials and methods for pavement construction and beyond.
Global green concrete market size was valued at USD 20.18 billion in 2023 and is projected to reach USD 41.10 billion by 2031, with a CAGR of 9.3% during the forecast period of 2024 to 2031. 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.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2016-2021)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Product Type (Cement, Lime), Design (Plain Cement, Pre-Stressed, Reinforced), End Use (Residential, Commercial, Industrial, Infrastructure)
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Countries Covered
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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 the Middle East and Africa
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Market Players Covered
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HOLCIM (Switzerland), CEMEX (Mexico), HeidelbergCement AG (Germany), CRH (Ireland), UltraTech Cement Ltd (India), Sika AG (Switzerland), Buzzi S.p.A. (Italy), Vicat SA (France), TAIHEIYO CEMENT CORPORATION (Japan), Ecocem (Ireland), BASF SE (Germany), Cement Australia Holdings Pty Limited (Australia), Tarmac (U.K.), St. Marys Cement Inc. (Canada), CarbonCure Technologies Inc. (Canada), SOLIDIA TECHNOLOGIES (U.S.), Giatec Scientific Inc. (Canada), Aggregate Industries (U.K.)
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Market Opportunities
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Market Definition
Green concrete, derived from recycled concrete waste, undergoes meticulous mixing and design processes to ensure sustainability, resulting in structures with low maintenance needs and extended life cycles. Its production contributes to a 30% reduction in carbon dioxide emissions and offers commendable thermal and fire resistance properties, enhancing its environmental and safety benefits in construction projects.
Green Concrete Market Dynamics
Drivers
- Increasing Environmental Regulations Promotes the Demand of Green Concrete
Imposing stringent standards aims at reducing carbon emissions and promoting sustainable construction practices. Governments worldwide are implementing regulations that incentivize or mandate the use of eco-friendly construction materials such as green concrete to mitigate environmental impact. Compliance with these regulations encourages construction companies to adopt sustainable solutions to avoid fines or penalties and uphold their environmental responsibility. Government support through subsidies, tax incentives, or procurement policies further stimulates the demand for green concrete. Environmental regulations play a crucial role in shaping the market landscape by fostering a transition towards more sustainable construction practices and driving the adoption of green concrete technologies.
- Rising Technological Advancements Enhances the Formulation of Eco-Friendly Concrete Solutions
Innovations in materials science, such as the development of alternative cementitious materials such as geopolymers and calcium sulfoaluminate cements, offer more sustainable alternatives to traditional Portland cement, reducing carbon emissions and resource consumption. Furthermore, advancements in construction techniques, such as 3D printing and self-healing concrete technologies, enhance the durability, resilience, and longevity of green concrete structures, driving their adoption in various applications. Overall, technology advancements continuously drive the boundaries of green concrete innovation, making sustainable construction practices increasingly accessible and attractive to the market.
Opportunities
- Growing Infrastructure Development Promotes Increased Adoption of Green Concrete by Stakeholders
Infrastructure development serves as a significant driver of the green concrete market due to its substantial demand for construction materials with reduced environmental impact. As governments and organizations invest in infrastructure projects globally, there is a growing emphasis on sustainability and environmental responsibility. Green concrete, with its eco-friendly properties and use of recycled materials, aligns well with these objectives. It offers durable and efficient solutions for various infrastructure needs, including roads, bridges, tunnels, and dams, while also reducing carbon emissions and conserving natural resources. The adoption of green concrete in infrastructure development projects meets sustainability goals and addresses concerns regarding long-term environmental impact, making it a preferred choice for stakeholders in the construction industry.
- Rapid Change in Consumer Preferences Expands Application of Green Concrete in Construction Industry
Increasingly, consumers are prioritizing sustainability and environmentally friendly practices in their purchasing decisions. As awareness of environmental issues grows, there is a greater demand for construction materials that minimize carbon footprint and resource depletion. Green concrete meets this demand by offering eco-friendly alternatives to traditional concrete, appealing to environmentally conscious consumers who seek to minimize their impact on the planet. Consequently, construction companies are compelled to incorporate green concrete solutions into their projects to meet consumer expectations and remain competitive in the market. This consumer-driven demand fosters innovation and growth within the green concrete sector, further expanding its applications and driving sustainability efforts in the construction industry.
Restraints/Challenges
- High Cost Limits Adoption of Green Concrete by Builder
The use of sustainable materials and production methods often incurs additional expenses, impacting the overall project budget. Builders and developers may be hesitant to invest in green concrete solutions due to concerns about financial viability and return on investment. The upfront costs of implementing green concrete technologies may outweigh potential long-term savings from reduced environmental impact and operational expenses.
- Lack of Availability of Materials Hinders the Widespread of Green Concrete
Alternative cementitious materials such as geopolymers may have limited production or distribution networks, further restricting availability. This scarcity can result from factors such as inconsistent supply chains, inadequate recycling infrastructure, or geographical limitations. Consequently, builders and developers may face challenges in sourcing sufficient quantities of green concrete materials, leading to higher costs and logistical complexities.
This 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 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 Developments
- In January 2023, ACC Limited, a part of the Adani Group, launches 'ACC ECOMaxX' in Mumbai, aiming to transform the building materials industry with sustainable green concrete solutions, fostering environmentally conscious construction practices
- In October 2022, JSW Cement announces a substantial investment of over INR 3,200 crore (USD 390 million) to establish green cement manufacturing facilities in Madhya Pradesh and Uttar Pradesh, with a combined capacity of 5 MTPA, furthering India's commitment to sustainable infrastructure development
- In July 2022, Hallett Group announced a USD 125 million green cement project across strategic locations in South Australia, aimed at slashing carbon dioxide emissions by 300,000 tonnes per annum initially, with projections to reach one million tonnes annually, displaying a significant stride towards carbon-neutral cement production
- In July 2020, LafargeHolcim launches its "green concrete" in the U.S., with plans for expansion into Latin America, Canada, and the U.K. This eco-friendly concrete, already available in Europe, marks a significant step towards reducing carbon emissions in the construction sector globally
Green Concrete Market Scope
The 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
Green Concrete Market Analysis/Insights
The 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 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 and is expected to have rapid growth in the market due to increasing emphasis on environmental sustainability and protection. The growing preference for eco-friendly alternatives over conventional synthetic concrete. Manufacturers in Europe are increasingly shifting towards green concrete, reflecting a broader trend towards sustainability in the construction industry. This shift underscores the region's commitment to reducing carbon emissions and promoting environmentally conscious practices in infrastructure development.
The Middle East is expected for significant growth in the market, driven by increasing demand for infrastructure projects such as roads, houses, water retention structures, tunnels, and bridges. This region's growing construction sector is fueling the need for sustainable building materials, including green concrete. Moreover, rising research and development efforts in the Middle East are further enhancing the adoption and innovation of eco-friendly construction solutions, positioning the region as a key player in the green concrete market's expansion.
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 such as 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 Green Concrete Market Share Analysis
The 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 market.
Some of the major players operating in the market are:
- HOLCIM (Switzerland)
- CEMEX (Mexico)
- HeidelbergCement AG (Germany)
- CRH (Ireland)
- UltraTech Cement Ltd (India)
- Sika AG (Switzerland)
- Buzzi S.p.A. (Italy)
- Vicat SA (France)
- TAIHEIYO CEMENT CORPORATION (Japan)
- Ecocem (Ireland)
- BASF SE (Germany)
- Cement Australia Holdings Pty Limited (Australia)
- Tarmac (U.K.)
- St. Marys Cement Inc. (Canada)
- CarbonCure Technologies Inc. (Canada)
- SOLIDIA TECHNOLOGIES (U.S.)
- Giatec Scientific Inc. (Canada)
- Aggregate Industries (U.K.)
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