Green concrete is a type of concrete which contains waste material as one of its components in its composition. Replacement of cement with fly ash and micro silica in large volume can improve its durability. The global green concrete market report by Market Research Future (MRFR) comprises drivers and restraints that can impact the industry as well as estimations for the period of 2019 to 2025 (forecast period). The COVID-19 outbreak and its implications on the industry are studied in high detail.
Market Scope
The global Green Concrete Market size is expected to witness a 7.5% CAGR during the forecast period. It was valued at USD 20 billion in 2018. Advantages of superior thermal resistance and sound insulation compared to granite rock are one of the drivers of the market. The need for rapid construction times and the rising urbanization are propelling the market demand during the forecast period. The ability of green concrete for lowering carbon emissions and encouraging sustainability in developing and developed economies will favor the market.
The construction of energy-efficient infrastructure, demand for green buildings, and access to raw materials can fuel the market demand greatly. Investments by behemoth entities in green concrete can create awareness among builders and customers and positively impact the market. Recently, CarbonCure Technologies received an investment from Amazon for developing solutions for carbon dioxide removal. The acceptance of climate change globally and initiatives by prominent companies for leading the charge towards sustainable development can bode well for the market.
Segmentation
On the basis of end users, the global market has been segmented into commercial, residential, industrial, and infrastructure. The commercial segment has been further segmented into healthcare, R&D centers, public facilities, institutional, and others. The commercial segment is likely to hold the largest market share and is expected to be the fastest-growing segment in the global green cement concrete market. Rise in sustainable building construction practices in the commercial sector and changes in energy conservation and building codes has further boosted the demand for green concrete. With a focus on cost-effective and sustainable construction solutions, the demand is likely to gain pace during the coming years.
The residential construction sector is expected to register the highest growth rate. The rise in urbanization and the growing adoption of sustainable products are projected to drive the green concrete market in emerging economies during the forecast period. The demand for eco-friendly living spaces by residential customers can fuel the segment growth.
Regional Analysis
By region, the global green concrete market has been segmented into North America, Asia Pacific (APAC), Europe, South America, and the Middle East & Africa (MEA).
Europe had dominated the global green concrete industry in 2018. The green concrete market is in the emerging stage and is currently confined to developed economies; however, increasing awareness about the benefits of green concepts would encourage its adoption of in developing countries in the coming years. It dominated the market in terms of revenue owing to the growing applications of green concrete as the building material in this region. Initiatives by the European Union (EU) to promote the application of recycled products as construction materials can drive the regional demand. Recently, Aggregate Industries launched green concrete solutions in the U.K. with varying degrees of carbon concrete as part of their offerings to realty moguls.
APAC is considered to be the fastest-growing region in the global cement alternatives market. This can be attributed to commitments by China and other developing economies in constructing green cities that adhere to international standards. In addition, the development of green concrete by using wind-blown sand and natural soil can halve the construction time and cost of buildings.
Competitive Outlook
Eco Green Co., BASF, CeraTech Inc, Rpm International Inc., Pidilite Industries, CICO Technologies Ltd., Chryso SAS, The Dow Chemical Company, Cemex C.B., and Maipei Ltd are prominent names in the global green concrete market.
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The new report by Expert Market Research titled, ‘Global Green Concrete Market Report and Forecast 2021-2026’, gives in-depth analysis of the global green concrete market, assessing the market based on its segments like type, design, application, and major regions.
It is likely that changing the preference from synthetic chemicals to eco-friendly goods in the building industry to reduce greenhouse emissions would increase demand growth.
The demand for tunnels, highways, bridges, water retention systems, and homes, which are expected to have a positive effect on the green concrete market has been fuelled by rapid industrialisation and urbanisation.
As crude oil prices fluctuate, the depletion of oil reserves in the Middle East is likely to fuel the growth of the market.Explore the full report with the table of contents@ https://www.expertmarketresearch.com/reports/green-concrete-marketIndustry Definition and Major SegmentsGreen concrete is a term given to a form of concrete that has taken additional measures in the design and placement of the mix that is made from eco-friendly concrete waste.
Green Concrete ensures a sustainable structure with a low maintenance surface and a long-life cycle, thus minimizing concrete's environmental impact, e.g., Save electricity, CO2 emissions, wastewater, etc.On the basis of type, the industry is divided into:Cement ConcreteLime ConcreteOthersOn the basis of design, the industry is divided into:Plain Cement ConcreteReinforced Cement ConcretePre-Stressed Cement ConcreteOthersOn the basis of application, the industry is divided into:CommercialResidentialInfrastructureOthersOn the basis of region, the industry is divided into:North AmericaEuropeAsia PacificLatin AmericaMiddle East and AfricaMarket TrendsThe rising demand for green concrete is expected to be driven by the increasing demand in the construction industry for cost-effective solutions and sustainable construction materials.
Green concrete also finds applications in energy-efficient construction infrastructure, so growing demand for green or recycled concrete is further expected to generate higher demand for energy-efficient building projects worldwide.
Global Green Concrete Market was valued at US$ 15.68 Bn in 2017 and is expected to reach US$ 42.75 Bn by 2026 at a CAGR of 13.36 %.The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology.
The report also helps in understanding bio solvent market dynamics, structure by identifying and analyzing the market segments and project the market size.
Further, the report also focuses on a competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence.
The report also provides PEST analysis, PORTER's analysis, SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in green concrete market.The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.Growing preference for environment sustainability and protection, the growth of the construction industry in China, India, and in the nations of the Middle East due to the increasing regulatory support for the improvement of infrastructure, increasing shift of manufacturers toward environment friendly alternatives from conventional synthetic concrete, is estimated to fuel the global green concrete market in forecasting years.
Rapidly growing construction and rehabilitation activities in emerging economies.
Rapid urbanization rate is poised to have a prominent effect on residential segment growth.
The global green concrete market report by Market Research Future (MRFR) comprises drivers and restraints that can impact the industry as well as estimations for the period of 2019 to 2025 (forecast period).
Advantages of superior thermal resistance and sound insulation compared to granite rock are one of the drivers of the market.
Recently, CarbonCure Technologies received an investment from Amazon for developing solutions for carbon dioxide removal.
The acceptance of climate change globally and initiatives by prominent companies for leading the charge towards sustainable development can bode well for the market.SegmentationOn the basis of end users, the global market has been segmented into commercial, residential, industrial, and infrastructure.
The commercial segment has been further segmented into healthcare, R centers, public facilities, institutional, and others.
The demand for eco-friendly living spaces by residential customers can fuel the segment growth.Regional AnalysisBy region, the global green concrete industry has been segmented into North America, Asia Pacific (APAC), Europe, South America, and the Middle East & Africa (MEA).
To know the trends and opportunities in Green Concrete industry, Green Concrete market research document is the best solution to go for.
This report presents broader perspective of the market place with its comprehensive market insights and analysis.
This business report provides all-inclusive knowledge and information of swiftly changing market landscape, what already subsists in the market, future trends or market expectations, the competitive environment, and competitor strategies that aids in planning business strategies and outshine the competitors.
The Green Concrete report gives details about market analysis, market definition, market segmentation, key development areas,competitive analysis and research methodology.The green concrete market will grow at a rate of 9.30% for the forecast period of 2021 to 2028.
Growing demand for roads, houses, water retention structure, tunnel and bridges is a vital factor driving the growth of phenolic panel market.This business report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market.
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