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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Green Concrete Market Share
Based on design, reinforced cement concrete dominates the green concrete market share
Increased research activities are being conducted to improve tensile strength and lower carbon footprint of concrete via the addition of fibres and recycled/waste materials. In February 2022, Skanska initiated the trial of low-carbon reinforced concrete solution on M42 junction 6 upgrade scheme of National Highways in the UK.
Meanwhile, there is a growing demand for pre-stressed cement concrete owing to its durability, expansive shelf life, and tensile capacity. Moreover, the minimisation of cracks and reduced risk of reinforcement corrosion offered by pre-stressed cement concrete is driving its use in the construction sector.
The residential sector is a significant contributor to the global green concrete market revenue
The increasing global population is driving the demand for more houses, and the surge in eco-consciousness is resulting in the use of greener construction materials, like green concrete. The growing research activities on using alternative binding materials such as alkali-activated binders, supplementary cementitious materials, and recycled materials like wastewater to enhance the properties of green concrete when compared to regular concrete are likely to augment its use for residential building construction.
Green Concrete Market Report Snapshots
Green Concrete Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market reached a value of about USD 6.31 billion in 2023.
The market is expected to grow at a CAGR of 10.6% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 11.45 billion by 2032.
The different types are ground granulated blast-furnace slag concrete, fly ash concrete, silica fume concrete, and others.
The key regional markets for green concrete are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The factors driving the market growth include rising sustainability concerns, growing construction activities, and favorable government initiatives for constructing green buildings.
The various applications include residential, commercial, and infrastructure.
The key players in the market include Sika AG, Holcim Ltd., Saint-Gobain Group, Hanson UK, and Pan-United Corporation Limited, among others.
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