The Global Carbon Negative Concrete Market is likely to ascend at a CAGR of 52.9% over the forecast period (2021-2027) according to QuantAlign Research. The demand for Carbon negative concrete is expected to reach “USD 7,000” Million by 2030. The growth of the Carbon negative concrete market is primarily attributed to growing inititaives and regulatory framework supporting the cement industry’s need to reduce emissions. Moreover, innovation and technological advancement are the key tools for the decarbonization path of the industry, and thus driving the demand for zero carbon cement.

During the forecast period, demand growth for carbon negative concrete will be supported by increasing investment in the clean concrete technology to reduce carbon footprint by the combination of cement-free production and CO2 utilization. Although the development of new technology to decarbonize cement may take years, corporations are keen to invest and take advantage of the potential to become industry leaders. Players in the industry are determining the most cost-effective path to decarbonization, determining which digital and technical innovations to invest in, and rethinking their goods, portfolios, collaborations, and manufacturing processes.

Furthermore, industrialization and urbanization necessitate infrastructure that is not confined to housing. Concrete is being used across various end-user industries and thus continuing efforts are being made to meet the UN Sustainable Development Goals (SDGs).  Cement leftovers have already been successfully converted into carbon negative aggregates, which may be used in a variety of applications such as ready-mix concrete, aggregate blocks, and more.

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Global Carbon Negative Concrete Market Demand Outlook, COVID-19 Impact, Trend Analysis by Product (Blocks, Bricks, Panels, Tiles, Slab), by Type, by Application (Masonry, Road Construction, Pipe Bedding, Bridge Sub-Structure, Airport, Void Filling), by End Use (Public Infrastructure, Residential Building, Commercial Building) and Industry Estimates 2021-2030

– “https://quantalignresearch.com/global-carbon-negative-concrete-market-report“

Key insights:

• Block product segment is expected to witness significant CAGR over the forecast period
• Masonary Application segment dominated the market in 2020, and is also expected to exhibit significant CAGR over the coming years
• North America is expected to generate higher demand for carbon negative concrete market, while Europe along with APAC region is expected to offer wide array of opportunities and would be key markets over the forecast period

Major players operating in the market include: CarbiCrete, Cemex, Heidelberg Cement, Bay aggregate LLC, Kajima Corporation, Denka Company, LafargeHolcim, Solidia Technology, Carboclave Technology, BOUYGUES Construction, are among others.