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The Green Cement and Concrete Market size is projected to reach US$ 5,298.16 million by 2030 from US$ 3,497.23 million in 2022. The market is expected to register a CAGR of 5.3% in 2022–2030. Numerous countries are implementing roadmaps for the decarbonization of the cement industry is boosting the demand for green cement and concrete globally.
Green Cement and Concrete Market Analysis
The cement industry is one of the major carbon-centric industries, which is anticipated to have a negative impact on environmental protection. Thus, the growing concern towards mitigating the carbon impact on the environment and focus on increasing sustainability approaches are projected to drive the growth of the green cement and concrete market globally.
Green Cement and Concrete Market Overview
The growing government initiative and encouraging policies are projected to boost the integration of sustainable green cement and concrete in the foundation of public infrastructure. For instance, several upcoming infrastructure projects in India, such as the Narmada Valley Development Project, Bharatmala Pariyojana, Chenab River Railway Bridge, Mumbai Trans Harbour Link, Delhi Metro Industrial Corridor, and Navi Mumbai International Project, are anticipated to be built using green cement and concrete. Thus, the increasing proliferation of green cement as a viable alternative to conventional cement is anticipated to maintain its growing application in the commercial and public infrastructure sector.
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Green Cement and Concrete Market: Strategic Insights
Market Size Value in US$ 28,662.51 million in 2022 Market Size Value by US$ 39,973.97 million by 2030 Growth rate CAGR of 4.2% during 2022 to 2030 Forecast Period 2022-2030 Base Year 2022
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Green Cement and Concrete Market: Strategic Insights
| Market Size Value in | US$ 28,662.51 million in 2022 |
| Market Size Value by | US$ 39,973.97 million by 2030 |
| Growth rate | CAGR of 4.2% during 2022 to 2030 |
| Forecast Period | 2022-2030 |
| Base Year | 2022 |
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Green Cement and Concrete Market Drivers and Opportunities
Improved Functional Performance and Capabilities Driving Demand for Green Cement and Concrete
The production process of fabricating standard cement requires a large quantity of natural gas for heating purposes. Green cement is fabricated from industrial by product, which makes the production process more energy efficient. Green cement presents more fire resistance and takes less setting time than other standard cement. Constructions built using green cement have a longer life span. The fabrication process of green cement follows high-end techniques that can decrease carbon discharges, causing minimum pollution. The production of green cement requires the application of byproducts, such as blast furnace slag, fly ash silica, and iron, which are cost-effective. Green cement possesses 0.5-0.6% iron dioxide in its properties, which offers strength to the solidity and color of the cement. This cement dries out quickly and has a minimal rate of shrinkage. It endures longer and makes for a more sustainable alternative for the environment. Green cement also offers high end thermal insulation and fire resistance. Green cement is a more suitable alternative for high-traffic areas such as roads, bridges, and airports, as it can support heavy loads. Thus, green cement's higher performance level and capabilities in terms of durability, strength, and resistance propel the market.
Growing Infrastructure Development– An Opportunity in Green Cement and Concrete Market
Growing funding for sustainable infrastructure opens the way for green cement and concrete opportunities, boosting the utilization of eco-friendly alternatives and encouraging economic development. It also provides a pathway for countries to incorporate their infrastructure development and climate goals in line by participating in projects that decrease carbon presence, including sustainable and green construction and manufacturing ecosystems. The construction and infrastructure industry is focusing on reducing its carbon footprint, as it is the key contributor to environmental pollution. Thus, a growing focus on green cement and concrete in infrastructure development is anticipated to provide high opportunities for the market.
Green Cement and Concrete Market Report Segmentation Analysis
Key segments that contributed to the derivation of the green cement and concrete market analysis are product type and end-user.
- Based on the product type, the green cement and concrete market has been divided into fly ash based, geopolymer, slag based, and others. The fly ash based segment held a larger market share in 2022.
- Based on the end-user, the green cement and concrete market has been divided into commercial and public infrastructure, industrial, and residential. The commercial and public infrastructure segment held a larger market share in 2022.
Green Cement and Concrete Market Share Analysis by Geography
The geographic scope of the green cement and concrete market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America.
Growing environmental concerns and a focus on utilizing sustainable alternatives in the cement industry are driving the growth of the green cement and concrete market in Asia Pacific. Countries such as China and India, key cement producers, have identified the requirement to transition to more environment friendly cement production practices. Further, governments of various countries are taking various measures to attract private financings in infrastructure development projects. Expanding investments in residential and commercial construction projects are boosting the demand for advanced building materials, including green cement and concrete solutions, in Asia Pacific countries.
Green Cement and Concrete Market Report Scope
Green Cement and Concrete Market News and Recent Developments
The Green Cement and Concrete Market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for innovations, business expansion, and strategies:
- In February 2023, Holcim launched Europe's first calcined clay cement operation in its Saint-Pierre-la-Cour plant in France to deliver ECOPlanet green cement with a 50% lower CO2 footprint compared to standard cement (CEM I). (Source: Holcim Ltd., Press Release/Company Website/Newsletter)
- In September 2023, Hoffmann Green Cement Technologies signed a partnership deal with Point. P. Under the terms of the agreement, HGCT's clinker-free cement products are distributed to Point. P's ready-mixed concrete (RMC) and batching plants. (Source: Hoffmann Green Cement Technologies, Press Release/Company Website/Newsletter)
Green Cement and Concrete Market Report Coverage and Deliverables
The "Green Cement and Concrete Market Size and Forecast (2020–2030)" report provides a detailed analysis of the market covering the following areas:
- Green Cement and Concrete Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Green Cement and Concrete Market Trends
- Detailed PEST and SWOT analysis
- Green Cement and Concrete Market analysis covering key market trends, Global and regional framework, major players, regulations, and recent market developments
- Green Cement and Concrete Industry, landscape and competition analysis, covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product Type, End-user and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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