Global Green Concrete Market to Grow at a CAGR of 10.6% During 2024-2032, Aided by the Growing Demand for Sustainable and Cost-Effective Building Materials

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.

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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 (2018-2023) and (2024-2032). 

• The report also offers historical (2018-2023) and forecast (2024-2032) market information for the types, designs, applications, and major regions of green concrete.

• The report also gives the regional historical (2018-2023) and forecast (2024-2032) 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.

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