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Global Green Concrete Market to Grow at a CAGR of 9.8% During 2021-2026, Aided by the Growing Demand for Sustainable and Cost-Effective Building Materials

According to a new report by EMR titled, ‘Global Green Concrete Market Report and Forecast 2021-2026’, the global market for green concrete is expected to grow at a CAGR of 9.8% between 2021 and 2026.

The stringent environmental regulations, particularly in developed countries, are driving the demand for sustainable and efficient building solutions. The adoption of green concrete has significantly increased in these regions as it helps consumers decrease the environmental impact of their buildings and meet the requirements of certifications, like Leadership in Energy and Environmental Design (LEED) in the United States, Energy Pass in Germany, and the Haute Qualité Environnementale (HQE) in France. This is driving the growth of the green concrete industry. In addition, the growing awareness regarding sustainable building practices in emerging markets is expected to create new opportunities for the market to expand. Based on application, the commercial sector is anticipated to witness a robust growth in the forecast period. The growth can be attributed to the increasing adoption of sustainable building practices in the development of public facilities, corporate buildings, and shopping complexes, among others.

The growing R&D activities to manufacture sustainable and advanced construction materials are further aiding the market growth. For instance, CEMEX S.A.B. de C.V. (NYSE: CX), a multinational building materials company, manufactures and distributes eco-labelled type M masonry cement under the name Rizal Masonry Cement, which is a sustainable alternative to conventional cement. Rizal Green effectively minimises the carbon footprint of regular Portland cement by nearly 32% and further allows better moisture retention and adhesion strength through its XD 100 nanotechnology. Thus, advancements in material technology are expected to significantly contribute to the industry growth over the forecast period.

Market Breakup by Type, Design, Application, and Region:

  • The various types of green cement available in the market include cement concrete and lime concrete, among others.
  • On the basis of design, the industry has been segmented into plain cement concrete, reinforced cement concrete, and pre-stressed cement concrete, among others.
  • Based on application, the industry can be categorised into commercial, residential, and infrastructure, among others.
  • Region-wise, the global market for green concrete can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The industry is being driven by the rising environmental concerns and the growing preference for sustainable building materials in the construction sector.
  • The rapid urbanisation trend in emerging nations, thriving construction industry, and improving standards of living are further propelling the market growth.
  • The industry will receive further impetus with the growing research and development activities and the rising investments in green building projects.
  • The favourable government initiatives to reduce carbon emissions and promote the use of eco-friendly materials are accelerating the growth rate of the industry.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for green concrete for the periods (2016-2020) and (2021-2026). 
  • The report also offers historical (2016-2020) and forecast (2021-2026) market information for the types, designs, applications, and major regions of green concrete.
  • The report also gives the regional historical (2016-2020) and forecast (2021-2026) price trends of the product.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global green concrete market are Dow Chemical Company, BASF SE, MAPEI Inc., LafargeHolcim Ltd., and Flyocrete Green Concrete LLP, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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

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