Global Green Concrete Market Report and Forecast 2023-2028

Global Green Concrete Market Report and Forecast 2023-2028

Market Outlook

As per the report by Expert Market Research (EMR), the global green concrete market attained a value of USD 6314.9 million in 2022. Aided by the increasing demand for sustainable building materials in the construction industry, the market is expected to grow at a CAGR of 10.6% between 2023 and 2028 to reach a value of USD 11453.80 million by 2028.

Green concrete is an environment-friendly alternative to traditional concrete, which is made from waste and recycled materials, such as fly ash, slag cement, and recycled aggregate. Green concrete is known for its excellent strength, durability, and reduced environmental impact compared to conventional concrete. It is widely used in various construction applications, such as residential, commercial, and infrastructure projects.

One of the key factors driving the global green concrete market growth is the increasing demand for sustainable building materials in the construction industry. As the need for sustainable development intensifies, there is a growing emphasis on reducing the environmental impact of construction activities. Green concrete, with its lower carbon footprint and utilisation of waste materials, is considered a viable solution to address these concerns, which has fuelled its demand in various construction applications.

The rising awareness regarding the benefits of green concrete is another factor increasing the green concrete market expansion. Green concrete is a desirable alternative for contractors and builders due to its many benefits, including less energy use, greenhouse gas emissions, and enhanced indoor air quality. Moreover, green concrete can also help in achieving various green building certifications, further boosting its adoption in the construction industry.

The increasing government support for sustainable construction practices is expected to further contribute to the growth of the global green concrete market. Governments across various regions are implementing policies and regulations that encourage the use of eco-friendly building materials, such as green concrete, in construction projects. These initiatives are expected to create a favourable environment for the green concrete market growth during the forecast period.

The use of 3D printing technology in the construction industry is on the rise, and green concrete is gaining traction as a suitable material for 3D printing. 3D printing with green concrete can significantly reduce construction waste, minimise material usage, and shorten construction time, thus contributing to the green concrete market growth.

Market Segmentation

The market can be divided based on type, design, application, and region.

Market Breakup by Type

• Fly Ash Concrete
• Ground Granulated Blast-Furnace Slag Concrete
• Silica Fume Concrete
• Others

Market Breakup by Design

• Plain Cement Concrete
• Reinforced Cement Concrete
• Pre-Stressed Cement Concrete

Market Breakup by Application

• Commercial
• Residential
• Infrastructure

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global green concrete companies. Some of the major key players explored in the report by Expert Market Research are as follows:

• Dow Chemical Company
• BASF SE
• MAPEI Inc.
• LafargeHolcim Ltd.
• Flyocrete Green Concrete LLP
• Others

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.