The global green concrete market size is bound to display a stupendous CAGR of 9.45% over the forecast period .
Development of energy-efficient infrastructure and green building codes for driving sales of real estate can bode well for green concrete producers.
For instance, the National Infrastructure Plan by the government of Mexico for developing infrastructure in sectors of tourism, hospitality, communication and transport, and energy may bode well for the market.
Replacement of concrete or coarse aggregates coupled with reduced consumption of natural river sand, natural limestone, clay, and shale can boost the market’s prospects.
For instance, ACC Cement, one of the biggest cement producers in India, introduced clients to ECOPact range of cement that has a lower carbon content compared to its normal products.
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.
Initiatives by the European Union for lowering carbon emission rates and follow green policies may work in the favor of the green concrete market.
APAC is projected to capture a large market share in the coming years due to investments by India and China on their domestic infrastructure.
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