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News Global green cement and concrete industry to grow by 3.3% annually up to 2030

Global green cement and concrete industry to grow by 3.3% annually up to 2030

Written by Global Cement staff 14 March 2024
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World: Investment firm Insight Partners has forecast a composite annual growth rate (CAGR) of 3.3% in the global green cement and concrete market between 2023 and 2030. This will result in a total value of US$990m in 2030, compared to US$806m in 2023. Regionally, the firm expects the sharpest growth in South and Central America, with a CAGR of 10% to US$7.9m in 2030. North America is expected to grow at a rate of 5.4% annually, to US$190m, followed by Europe, at 4.5% to US$226m, Middle East and Africa, at 2.9% to US$13m, and Asia-Pacific, at 1.4% to US$553m. In 2023, Asia-Pacific commanded a 61% share of the global market. Europe’s share was 20% and that of North America was 16%.

Last modified on 20 March 2024
Published in Global Cement News
Tagged under
  • World
  • Green Cement
  • Forecast
  • statistics
  • data
  • market
  • Outlook
  • south america
  • North America
  • GCW651

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