Europe Green Cement and Concrete Market Revenue to cross US$ 7,938.95 million by 2030

At 6.4% CAGR, Europe Green Cement and Concrete Market is Speculated to be Worth US$ 7,938.95 Million by 2030, says Business Market Insights

According to Business Market Insights research, the Europe green cement and concrete market was valued at US$ 4,816.67 million in 2022 and is expected to reach US$ 7,938.95 million by 2030, registering a CAGR of 6.4% from 2022 to 2030. Increasing concerns for mitigating carbon emissions globally, improved functional performance and capabilities, and favorable government initiatives and policies are among the critical factors attributed to the Europe green cement and concrete market expansion.

Green cement is fabricated from aluminum silicates generated from fly ash and industrial wastes. It is termed alkali-activated cement and generates 40-45% less CO2 than conventional portland cement. Magnesium oxychloride cement is fabricated from magnesium mining byproducts known as concentrated magnesium chloride solution and magnesium oxide powder. This carbon-negative and environment-friendly cement has superior compressive strength and a quicker setting time than conventional cement. In addition, Ferrocrete cement is produced from byproducts of the steel and glass industry, primarily iron and silica. A combination of these materials is fabricated in the presence of CO2; thus, a carbon-neutral cement material is achieved. Green cement production needs fewer natural resources, owing to which very little carbon dioxide is emitted into the environment during the production process. It also does not pollute the environment by dumping toxic waste. The production process of fabricating standard cement requires a large quantity of natural gas for heating purposes. The green cement is fabricated from industrial byproduct which makes the production process more energy efficient. Green cement presents more fire resistance and takes less setting time than other standard cement. Constructions built using green cement have a longer life span. The fabrication process of green cement follows high-end techniques that can decrease carbon discharges, causing minimum pollution. The production of green cement requires the application of byproducts, such as blast furnace slag, fly ash silica, and iron, which are cost-effective. Green cement possesses 0.5-0.6% iron dioxide in its properties, which offers strength to the solidity and color of the cement. This cement dries out quickly and has a minimal rate of shrinkage. It endures longer and makes for a more sustainable alternative for the environment. Green cement also provides superior thermal insulation and high fire resistance. Green cement is a more viable choice for high-traffic areas such as bridges, roads, and airports, as it can endure heavy loads. Additionally, green cement can preserve natural resources, such as clay and limestone, which are limited resources that are becoming rare. Thus, green cement's higher performance level and capabilities in terms of durability, strength, and resistance propel the market.

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

Based on product type, the Europe green cement and concrete market is segmented into fly ash based, geopolymer, slag based, and others. The fly ash-based segment held 42.0% share of Europe green cement and concrete market in 2022, amassing US$ 2,021.02 million. It is projected to garner US$ 3,168.93 million by 2030 to expand at 5.8% CAGR during 2022-2030.

In terms of end user, the Europe green cement and concrete market is categorized into commercial and public infrastructure, industrial, and residential. The commercial and public infrastructure segment held 87.4% share of Europe green cement and concrete market in 2022, amassing US$ 4,212.14 million. It is projected to garner US$ 7,025.38 million by 2030 to expand at 6.6% CAGR during 2022-2030.

By country, the Europe green cement and concrete market has been categorized into France, Germany, Italy, the UK, Russia, and the Rest of Europe. Our regional analysis states that France captured 5.7% share of Europe green cement and concrete market in 2022. It was assessed at US$ 497.77 million in 2022 and is likely to hit US$ 936.42 million by 2030, exhibiting a CAGR of 8.2% during 2022-2030.

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