South & Central America Green Cement and Concrete Market Forecast to 2030
South & Central America Green Cement and Concrete Market Forecast to 2030 – Regional Analysis – by Product Type (Fly Ash Based, Geopolymer, Slag Based, and Others) and End user (Commercial and Public Infrastructure, Industrial, and Residential)
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Description
Growing Utilization of Sustainable Materials in Public Infrastructure Drives South & Central America Green Cement and Concrete Market
The increasing concern for environmental pollution and carbon emissions from different industries has encouraged the governments of several nations to adopt more eco-friendly and sustainable alternatives with low to zero carbon emission rates. The cement industry is a major carbon-centric sector with a substantial share in growing environmental pollution worldwide. Green cement was developed to reduce the carbon footprint in the cement industry. The adoption of green cement in commercial and public infrastructure is rising and is anticipated to be more prominent in the coming years. The growing government initiative and encouraging policies are projected to boost the integration of sustainable green cement and concrete in the foundation of public infrastructure. Thus, the increasing proliferation of green cement as a viable alternative to conventional cement is anticipated to maintain its growing application in the commercial and public infrastructure sector.
South & Central America Green Cement and Concrete Market Overview
The green cement and concrete market in SAM are bifurcated into Brazil and Argentina. Despite several economic challenges, favourable government initiatives would propel the growth of the region’s economy during the forecast period. SAM has the highest urbanization rate globally owing to the government initiatives that support industrial growth. With the growth in the industrial sector, the scope of integrating advanced material for constructing buildings such as green cement and concrete is expected to increase in the coming years.
SAM has the highest urbanization rates globally, which is ~80% of the total rate, owing to government initiatives to support industrial growth. For instance, Argentina concentrates on attracting more FDIs by easing import restrictions, signing international bilateral agreements, and lifting restrictions imposed on foreign investment, among others. Such initiatives are expected to support the development of businesses in South America.
Despite the political and economic uncertainties in South America, the construction industry in Brazil, Chile, Colombia, and Peru expanded by 1.1% in 2019. South America is witnessing a gradual but significant shift toward green cement. The industry responds to domestic and global trends to reduce carbon emissions and environmental impact. Brazil, as one of the top cement producers in the region, has been at the forefront of this transition. Cement manufacturers in South America have been increasingly adopting alternative materials and sustainable production practices. The region’s abundant natural resources have paved the way for innovation in eco-friendly cement production, offering a promising path toward a more sustainable construction industry. South America is witnessing a gradual shift toward green cement owing to rapid development in Brazil and Argentina. The South American cement industry responds to domestic and global trends to reduce carbon emissions and environmental impact. Brazil, as one of the top cement producers in the region, has been at the forefront of this transition. The Brazilian economy is growing rapidly. The growth has directly affected the infrastructure development projects in Brazil. Brazil’s infrastructure is divided into four major areas: airports, architectural, construction, and engineering (ACE) services, transportation, and water treatment. The government of Brazil established the Investment Partnerships Program (Programa de Parcerias de Investimentos (PPI) in 2016 to stimulate the economy and encourage private sector participation in infrastructure. Such factors have increased demand for the steel, cement, and concrete in the past and are expected to continue in the coming years. Further, Colombia has become one of the preferred countries for investments. As a result, the Colombian government is investing heavily to develop its infrastructure, ultimately driving the demand for cement and concrete. Thus, to reduce the carbon emission of the cement and concrete industry, the Colombian Chamber of Cement and Concrete (PROCEMCO), in collaboration with the Colombian Ministries of Commerce, Industry, and Tourism and the Environment, has established a sustainability strategy for the Colombian cement industry to cut CO2 emissions by 21% from 2010 to 2030. Furthermore, has committed to attain carbon neutrality by 2050 following the GCCA aim announced at COP26. Moving ahead, cement manufacturers in South America have been increasingly adopting alternative materials and sustainable production practices. The region’s abundant natural resources have paved the way for innovation in eco-friendly cement production, offering a promising path toward a more sustainable construction industry. Such factors are projected to increase the demand for cement and concrete in the region, ultimately driving the green cement market. In addition, post-lockdown caused by the onset of the COVID-19 pandemic, the construction industry in SAM started recovering in key country markets, with growth observed in hotels, housing, and other architectural market segments.
South & Central America Green Cement and Concrete Market Revenue and Forecast to 2030 (US$ Million)
South & Central America Green Cement and Concrete Market Segmentation
The South & Central America green cement and concrete market is segmented into product type, end user, and country.
Based on product type, the South & Central America green cement and concrete market is segmented into fly ash based, geopolymer, slag based, and others. The fly ash-based segment held the largest share of the South & Central America green cement and concrete market in 2022.
In terms of end user, the South & Central America green cement and concrete market is segmented into commercial and public infrastructure, industrial, and residential. The commercial and public infrastructure segment held the largest share of the South & Central America green cement and concrete market in 2022.
Based on country, the South & Central America green cement and concrete market is segmented into Brazil, Argentina, and the Rest of South & Central America. The Rest of South & Central America dominated the South & Central America green cement and concrete market in 2022.
China National Building Material Co Ltd, Holcim Ltd, Navrattan Green Cement Industries Pvt Ltd, and Cemex SAB de CV are some of the leading companies operating in the South & Central America green cement and concrete market.
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According to the Research Team research, the South & Central America green cement and concrete market was valued at US$ 1,421.62 million in 2022 and is expected to reach US$ 1,927.27 million by 2030, registering a CAGR of 3.9% 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 South & Central America 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. In 2023, Chilean Foreign Investment Promotion Agency, InvestChile, has introduced a new portfolio called “Investment Opportunities in Chile,” which consists of 54 infrastructure projects. The projects include building public amenities such as airports and roadways. Additionally, in 2023, The World Bank Board of Directors has approved three new projects for Argentina, including a US$ 200 million project to lessen flood risks in Argentina’s cities, a US$ 300 million loan to improve the quality and coverage of health services, and a US$ 400 million project to increase access to clean energy and encourage energy efficiency in vulnerable households and communities.
On the contrary, lack of awareness and reluctance to use green cement and concrete hamper the South & Central America green cement and concrete market.
Based on product type, the South & Central America green cement and concrete market is segmented into fly ash based, geopolymer, slag based, and others. The fly ash-based segment held 44.2% share of South & Central America green cement and concrete market in 2022, amassing US$ 628.11 million. It is projected to garner US$ 822.06 million by 2030 to expand at 3.4% CAGR during 2022-2030.
In terms end user, the South & Central America green cement and concrete market is categorized into commercial and public infrastructure, industrial, and residential. The commercial and public infrastructure segment held 99.3% share of South & Central America green cement and concrete market in 2022, amassing US$ 1,411.90 million. It is projected to garner US$ 1,907.36 million by 2030 to expand at 3.8% CAGR during 2022-2030.
By country, the South & Central America green cement and concrete market has been categorized into Brazil, Argentina, and the Rest of South & Central America. Our regional analysis states that the Rest of South & Central America captured 40.8% share of South & Central America green cement and concrete market in 2022. It was assessed at US$ 579.45 million in 2022 and is likely to hit US$ 790.18 million by 2030, exhibiting a CAGR of 4.0% during 2022-2030.
Key players operating in the South & Central America green cement and concrete market are China National Building Material Co Ltd, Holcim Ltd, Navrattan Green Cement Industries Pvt Ltd, and Cemex SAB de CV, among others.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in South & Central America green cement and concrete market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth South & Central America market trends and outlook coupled with the factors driving the market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.
TABLE OF CONTENTS
1.1 the Research Team Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. South & Central America Green Cement and Concrete Market Landscape
4.1 Overview
4.2 Ecosystem Analysis
4.2.1 Raw Material Suppliers:
4.2.2 Green Cement Manufacturers:
4.2.3 End Users
4.2.4 List of Green Cement and Concrete Suppliers
5. South & Central America Green Cement and Concrete Market – Key Industry Dynamics
5.1 Green Cement and Concrete Market – Key Industry Dynamics
5.2 Market Drivers
5.2.1 Increasing Concerns for Mitigating Carbon Emissions Globally
5.2.1 Improved Functional Performance and Capabilities
5.2.2 Favourable Government Initiatives and Policies
5.3 Market Restraints
5.3.1 Lack of Awareness and Reluctance to Use Green Cement and Concrete
5.4 Market Opportunities
5.4.1 Growing Infrastructure Development
5.5 Future Trends
5.5.1 Growing Utilization of Sustainable Materials in Public Infrastructure
5.6 Impact of Drivers and Restraints:
6. Green Cement and Concrete Market – South & Central America Market Analysis
6.1 Overview
6.2 South & Central America Green Cement and Concrete Market Revenue (US$ Million), 2022 – 2030
6.3 South & Central America Green Cement and Concrete Market Forecast and Analysis
7. South & Central America Green Cement and Concrete Market Analysis – Product Type
7.1 Fly Ash Based
7.1.1 Overview
7.1.2 Fly Ash-Based Market, Revenue and Forecast to 2030 (US$ Million)
7.2 Geopolymer
7.2.1 Overview
7.2.2 South & Central America Geopolymer Market, Revenue and Forecast to 2030 (US$ Million)
7.3 Slag Based
7.3.1 Overview
7.3.2 Slag Based Market, Revenue and Forecast to 2030 (US$ Million)
7.4 Others
7.4.1 Overview
7.4.2 Others Market, Revenue and Forecast to 2030 (US$ Million)
8. South & Central America Green Cement and Concrete Market Analysis – End-user
8.1 Commercial and Public Infrastructure
8.1.1 Overview
8.1.2 Commercial and Public Infrastructure Market Revenue, and Forecast to 2030 (US$ Million)
8.2 Industrial
8.2.1 Overview
8.2.2 Industrial Market Revenue, and Forecast to 2030 (US$ Million)
8.3 Residential
8.3.1 Overview
8.3.2 Residential Market Revenue, and Forecast to 2030 (US$ Million)
9. South & Central America Green Cement and Concrete Market – Country Analysis
9.1 South America
9.1.1 South America Green Cement and Concrete Market Overview
9.1.2 South America Green Cement and Concrete Market, By Key Country – Revenue 2022 (US$ Mn)
9.1.3 South America Green Cement and Concrete Market Revenue and Forecasts and Analysis – By Countries
9.1.3.1 Brazil Green Cement and Concrete Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.3.1.1 Brazil Green Cement and Concrete Market Breakdown by Product Type
9.1.3.1.2 Brazil Green Cement and Concrete Market Breakdown by End-user
9.1.3.2 Argentina Green Cement and Concrete Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.3.2.1 Argentina Green Cement and Concrete Market Breakdown by Product Type
9.1.3.2.2 Argentina Green Cement and Concrete Market Breakdown by End-user
9.1.3.3 Rest of SAM Green Cement and Concrete Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.3.3.1 Rest of SAM Green Cement and Concrete Market Breakdown by Product Type
9.1.3.3.2 Rest of SAM Green Cement and Concrete Market Breakdown by End-user
10. Industry Landscape
10.1 Overview
10.2 New Product Development
10.3 Market Initiative
10.4 Merger and Acquisition
11. Company Profiles
11.1 China National Building Material Co Ltd
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Holcim Ltd
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Navrattan Green Cement Industries Pvt Ltd
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Cemex SAB de CV
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
12. Appendix
12.1 About the Research Team
12.2 Word Index
LIST OF TABLES
Table 1. Green Cement and Concrete Market Segmentation
Table 2. List of Vendors in the Value Chain
Table 3. South & Central America Green Cement and Concrete Market Revenue and Forecasts To 2030 (US$ Million)
Table 4. South & Central America Green Cement and Concrete Market Revenue and Forecasts To 2030 (US$ Million) – Product Type
Table 5. South & Central America Green Cement and Concrete Market Revenue and Forecasts To 2030 (US$ Million) – End-user
Table 6. South America Green Cement and Concrete Market Revenue and Forecasts To 2030 (US$ Mn) – By Country
Table 7. Brazil Green Cement and Concrete Market Revenue and Forecasts To 2030 (US$ Mn) – By Product Type
Table 8. Brazil Green Cement and Concrete Market Revenue and Forecasts To 2030 (US$ Mn) – By End-user
Table 9. Argentina Green Cement and Concrete Market Revenue and Forecasts To 2030 (US$ Mn) – By Product Type
Table 10. Argentina Green Cement and Concrete Market Revenue and Forecasts To 2030 (US$ Mn) – By End-user
Table 11. Rest of SAM Green Cement and Concrete Market Revenue and Forecasts To 2030 (US$ Mn) – By Product Type
Table 12. Rest of SAM Green Cement and Concrete Market Revenue and Forecasts To 2030 (US$ Mn) – By End-user
Table 13. List of Abbreviation
LIST OF FIGURES
Figure 1. Green Cement and Concrete Market Segmentation, By Country
Figure 2. Ecosystem: Green Cement and Concrete Market
Figure 3. Impact Analysis of Drivers and Restraints
Figure 4. South & Central America Green Cement and Concrete Market Revenue (US$ Million), 2022 – 2030
Figure 5. South & Central America Green Cement and Concrete Market Share (%) – Product Type, 2022 and 2030
Figure 6. Fly ash-based Market Revenue and Forecasts To 2030 (US$ Million)
Figure 7. South & Central America Geopolymer Market Revenue and Forecasts To 2030 (US$ Million)
Figure 8. South & Central America Slag Based Market Revenue and Forecasts To 2030 (US$ Million)
Figure 9. Others: Green Cement and Concrete Market Revenue and Forecast to 2030 (US$ Million)
Figure 10. South & Central America Green Cement and Concrete Market Share (%) – End-user, 2022 and 2030
Figure 11. Commercial and Public Infrastructure: Green Cement and Concrete Market Revenue and Forecast to 2030 (US$ Million)
Figure 12. Industrial: Green Cement and Concrete Market Revenue and Forecast to 2030 (US$ Million)
Figure 13. Residential: Green Cement and Concrete Market Revenue and Forecast to 2030 (US$ Million)
Figure 14. South America Green Cement and Concrete Market, By Key Country – Revenue 2022 (US$ Mn)
Figure 15. South America Green Cement and Concrete Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 16. Brazil Green Cement and Concrete Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 17. Argentina Green Cement and Concrete Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 18. Rest of SAM Green Cement and Concrete Market Revenue and Forecasts To 2030 (US$ Mn)
The List of Companies – South & Central America Green Cement and Concrete Market
1. China National Building Material Co Ltd
2. Holcim Ltd
3. Navrattan Green Cement Industries Pvt Ltd
4. Cemex SAB de CV
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