CW Group identifies upcoming trends in the Global Green Concrete Market
- Global consumption of green concrete to increase in demand in all regions at a CAGR of more than 2 percent from the period of 2023E to 2028F
- China dominates the market, accounting for over 60 percent of the market's consumption share by 2028F
- Asia ex-China is forecast to be the fastest-growing region from 2023E to 2028F, experiencing a notable CAGR of 7 percent
Greenwich (CT), USA, July 13, 2023 – CW Group, a leading provider of market intelligence and consulting services, announces its latest report on the Global Green Concrete market. The comprehensive study hihlights the increasing demand for sustainable and long-lasting construction materials, propelling the growth of the green concrete sector with a CAGR of more than 11 percent from 2023E to 2028F, according to CW Research's 2023 update of the Global Green Concrete Market And Forecast Report.
The report reveals substantial opportunities for the global green concrete market. With the construction industry increasingly adopting eco-friendly practices and prioritizing sustainable building materials, the demand for green concrete is poised to witness a surge. CW Group's research reveals the remarkable potential for green building materials in meeting the industry's evolving needs and promoting environmentally conscious construction practices.
Regional growth trends
China's dominant position in the market is a result of the country's effective utilization of industrial waste in an environmentally responsible manner, aiming to minimize environmental impact while maintaining a strong focus on growth and development. China is poised to retain its position as the dominant consumer of green concrete by 2028F, surpassing a market share of 60 percent.
Besides China, the region of Asia ex-China is emerging as a major player in green concrete consumption, displaying notable potential for growth, with a projected CAGR of 7 percent from 2023E to 2028F. Asia ex-China is positioned to significantly contribute to the adoption of green concrete in construction projects.
Despite representing a smaller share of consumption, North America and Western Europe are projected to achieve significant CAGRs of approximately 6 percent and 5 percent, respectively, in the green concrete market. The increasing focus on sustainability and the widespread adoption of green building practices in these regions are contributing factors to their anticipated growth.
CW Group's Global Green Concrete Market Report provides a comprehensive analysis of market trends, growth drivers, challenges, and key players in the industry. This in-depth study equips industry stakeholders, investors, and decision-makers with invaluable insights to capitalize on the immense opportunities present in the global green concrete market.