Asia Pacific Green Cement and Concrete Market Revenue to cross US$ 22,641.23 million by 2030

At 2.9% CAGR, Asia Pacific Green Cement and Concrete Market is Speculated to be Worth US$ 22,641.23 Million by 2030, says Business Market Insights

According to Business Market Insights research, the Asia Pacific green cement and concrete market was valued at US$ 18,064.93 million in 2022 and is expected to reach US$ 22641.23 million by 2030, registering a CAGR of 2.9% from 2022 to 2030. Growing infrastructure development, improved functional performance and capabilities, and favorable government initiatives and policies are among the critical factors attributed to the Asia Pacific green cement and concrete market expansion.

Growing investment in sustainable infrastructure paves the way for green cement and concrete opportunities, encouraging the application of eco-friendly alternatives, promoting economic growth, and improving livelihoods. It also offers a pathway for countries to incorporate their infrastructure development and climate goals together by participating in projects that decrease carbon presence, including sustainable and green construction and manufacturing ecosystems. The construction and infrastructure industry are focusing on reducing its carbon footprint, as it is the key contributor to environmental pollution. The World Bank strives to drive more capital spending into infrastructure development to support high-end, sustainable projects that sustainably expand the economy and the environment. In fiscal 2023, the World Bank provided US$ 12.8 billion to reinforce infrastructure financing in developing countries. The World Bank is working to eliminate constraints preventing private-sector investments and working on the project pipelines that attract private-sector financiers to get involved in the overall process. India has progressed in constructing national highways connecting all trade, freight, and passenger points. Nearly 13,800 km of highway development is foreseen in 2023-2024.

On the contrary, lack of awareness and reluctance to use green cement and concrete hampers the Asia Pacific green cement and concrete market.

Based on product type, the Asia Pacific green cement and concrete market is segmented into fly ash based, geopolymer, slag based, and others. The fly ash-based segment held 45.4% share of Asia Pacific green cement and concrete market in 2022, amassing US$ 8,198.77 million. It is projected to garner US$ 9,954.50 million by 2030 to expand at 2.5% CAGR during 2022-2030.

In terms of end user, the Asia Pacific green cement and concrete market is categorized into commercial and public infrastructure, industrial, and residential. The commercial and public infrastructure segment held 88.0% share of Asia Pacific green cement and concrete market in 2022, amassing US$ 16,112.74 million. It is projected to garner US$ 20,534.68 million by 2030 to expand at 3.1% CAGR during 2022-2030.

By country, the Asia Pacific green cement and concrete market has been categorized into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. Our regional analysis states that China captured 74.2% share of Asia Pacific green cement and concrete market in 2022. It was assessed at US$ 40,435.24 million in 2022 and is likely to hit US$ 44,215.54 million by 2030, exhibiting a CAGR of 1.1% during 2022-2030.

Key players operating in the Asia Pacific green cement and concrete market are ACC Ltd, UltraTech Cement Ltd, China National Building Material Co Ltd, Anhui Conch Cement Co Ltd, Holcim Ltd, JSW Cement Ltd, Navrattan Green Cement Industries Pvt Ltd, Cemex SAB de CV, and HeidelbergCement AG, among others.