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. However, lack of awareness, depletion of petroleum reserves, fluctuating crude oil price, and unavailability of raw material and relatively higher cost as compared to existing conventional products are expected to hamper the global green concrete market.
Commercial segment is probable to experience the fastest growth during forecast. Rapidly growing construction and rehabilitation activities in emerging economies. Since the green concrete has a stronger composition as compared to the conventional cement. This flexibility in design is beneficial in the construction of retail buildings, offices, malls, and other commercial structures. Rapid urbanization rate is poised to have a prominent effect on residential segment growth. Another factor propelling the residential segment growth in the current scenario is the initiatives undertaken by various governments of developed countries as well as developing economies for affordable housing, low-interest rates for home loans.
Asia Pacific is evaluated to hold a significant share in the market for green concrete attributed to the rising government support in China and India to enhance domestic infrastructure. Governments are taking measures such as raising the tax benefits and offering FDI to expedite infrastructural development. Whereas, favorable policies implemented by governments, is likely to up the employment of green concrete in the Europe. The Middle East, dignified to be a lucrative green concrete market owing to the proliferation of favorable policies by governments, which aim at providing sustainable advancement.
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Scope of Global Green Concrete Market
Global Green Concrete Market, By Design
• Plain Cement Concrete
• Pre-Stressed Cement Concrete
• Reinforced Cement Concrete
Global Green Concrete Market, By Type
• Recycled Aggregate
• Slag Based
• Fly-Ash Based
Global Green Concrete Market, By Application
Global Green Concrete Market, By Region:
• North America
• South America
• Asia Pacific
• Middle East & Africa
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