Green Concrete Market Analysis, Market Size, Application
Analysis, Regional Outlook, Competitive Strategies and
Forecasts, 2015 To 2022
Global green concrete market is likely to witness growth on account of paradigm
shift towards environmental protection and sustainability. Shifting focus of
manufacturers from traditional synthetic concrete towards eco-friendly substitute is
likely to augment the market have a positive impact on market. Green concrete
consists of waste or residual material such as radioactive material obtained from
manufacturing process from numerous industries. Construction industry growth in
India, China and Middle East countries in light of regulatory support for
infrastructure improvement is expected to drive green concrete market in the near
future. Chemical manufacturers have increased their expenditure on the
development of naturally derived chemicals in order to reduce reliance on crude oil
and natural gas as feedstock which is likely to have a favorable factor for market.
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Asia Pacific is likely to be lucrative industry for green concrete in vague of
expeditive expenditure by governments of India and China to improve domestic
infrastructure. Supportive government measures such as increase in foreign direct
investment and tax benefits in order to promote infrastructural development in
India and China are expected to fuel the demand for green concrete. In 2014, New
Development Bank for BRICS countries was established in Shanghai, China which
is intended to promote infrastructure development. This joint effort of BRICS will
have a positive impact on the construction industry and in turn is likely to augment
green concrete market.
Lucrative construction market in Brazil in vague of upcoming Summer Olympics
2017 and implementation of PAC program is expected to fuel the demand for eco-
friendly construction material. In 2015, government of Brazil announced package
of infrastructure projects aimed at improvement of countrys productivity with
construction of roads, airports, ports and railways to be commenced from 2018 and
is likely to have positive impact on the industry.
Middle East is expected to be a promising green concrete market due to presence
of supportive government policies aimed at sustainable development. In 2015,
Municipal Corporation of Dubai mandated the application of eco-friendly
construction materials for all new infrastructure projects. Key market player
include CeraTech Inc, Eco Green Co., CICO Technologies Ltd., Chryso SAS,
BASF, Cemex C.B., Pidilite Industries, The Dow Chemical Company, Rpm
International Inc. and Maipei Ltd.
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