The Green Concrete Market is expected to register a CAGR of over 6.5%, during the forecast period.
Rapid industrialization and urbanization has increased the demand for roads, houses, water retention structure, tunnel, bridges and are triggering the global green concrete market. The global Green Concrete market is expected to be increased by rising inclination for environment sustainability, durability and protection. Furthermore, increasing shift of manufacturer headed for ecofriendly concrete from conventional concrete will increase this market.
Major leading in the green concrete market includes LafargeHolcim, Anhui Conch Cement Company Limited, HEIDELBERGCEMENT AG Forecast, Taiheiyo Cement corporation, Ecochem, Solidia Technologies, UltraTech cement Ltd, BASF SE, CEMEX Colombia.
March 2020- The search for greener concrete has yielded a multitude of fascinating results. A recent discovery proposes a form that can actually capture and store carbon dioxide and deconstruct airborne pollutants.
Students at MIT invented a type of concrete that uses recycled plastic to fortify cement. The chemical makeup of this greener concrete is stronger and more flexible than the original.
Despite the innovation of improved and more environmentally friendly concrete, it is unlikely that large-scale changes will take place any time soon. Green concrete technology’s primary challenges are the fast construction styles of most buildings and the lack of information on the cost-savings of more efficient material use.
LafargeHolcim introduces ECOPact, Jun 2020 the industry’s broadest range of green concrete, delivering high-performing, sustainable and circular benefits. After a successful market adoption in Europe, ECOPact is now available in the US with plans to expand into the UK, Canada, Latin America and other markets worldwide in the coming months. This introduction is an essential component of the company’s strategy to advance the transition towards low-carbon and circular construction. ECOPact is sold at a range of low-carbon levels, from 30% to 100% less carbon emissions compared to standard (CEM I) concrete. Where regulatory conditions allow, ECOPact products integrate upcycled construction and demolition materials, further closing the resource loop. With this new ECOPact green concrete range LafargeHolcim aims to continue to lead the way in sustainable and circular construction.
Oct 2020- University of Sydney researchers successfully creates environmentally friendly, carbon dioxide-loaded cement using waste and industrial by-products. The trial “eco-pavement” has saved 752kg of sand from being dredged and 327kg of carbon dioxide being emitted into the atmosphere, while its production has saved the equivalent energy of 1,000 cups of coffee or driving a car over 1,800km. Concrete production is an energy intensive process that involves sand and aggregate dredging, contributing to erosion and environmental degradation.
Sept 2020- HeidelbergCement, the world’s No.2 cement maker, on Thursday posted a 13% rise in third-quarter core profit, with cost cuts helping it to shrug off the impact of the COVID-19 pandemic and forecast higher full-year earnings. HeidelbergCement is very well positioned, even for difficult times,” Chief Executive Dominik von Achten said after the results. When the economy picks up again and construction activity in our markets returns to normal we will have very good prospects for sustainable and profitable growth.
US: The Department of Energy has granted Cemex funding to “research and develop innovative carbon capture technology” at its Balcones, Texas cement plant. The company says that this will partly fund an 18-month feasibility study of partner company Membrane Technology & Research’s membrane carbon capture product at the plant. It says that, if successful, the study will be “an important advancement towards Cemex’s ambition to deliver net-zero carbon dioxide (CO2) concrete globally by 2050.”
In recent decades, architects, developers and policymakers seeking to lower the carbon footprint of buildings have focused on reducing energy use by improving the efficiency of lighting, heating and other systems. To lower emissions even further, they are looking beyond such operational matters to the carbon emitted in the production and transportation of the materials that make up the structures, or so-called embodied carbon. All eyes are on concrete because buildings use so much of it, from foundations to the topmost floors.
Future of Green Concrete-
Innovation to concrete production and utilization will set the tone for the sustainability of the built environment of the future. Whether it is through improved processes of recycling concrete to extend its lifecycle or by sourcing aggregates that are less polluting, it will be integral to the sustainability of construction moving forward. With the construction industry looking to minimize its carbon footprint, the most essential piece of the puzzle will be finding a way to make green concrete a standard practice.
Global Green cement market segmented on the basis of type, application and Region. Global Green Concrete Market by Product (Granulated Blast Furnace Slag, Flyash Based, Recycled Aggregates, Others), Application (Commercial, Residential, Industrial), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa).Among these Asia-Pacific is dominating the market in near future. By extending the government constructions and supportive policies such as tax reliefs increase the market growth. Further Europe has coming towards vast growth in green cement. Europe region dominated the market in terms of revenue owing to the growing applications of green concrete as the building material in this region.
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