Green concrete is made from the wastes of concrete already used in construction.
AL-KHUBAR, AL-KHUBAR, SAUDI ARABIA, December 19, 2022 /EINPresswire.com/ — Market Definition
Green concrete is made from the wastes of concrete already used in construction. An extra amount of time is consumed in the mixing and designing green concrete to ensure a sustainable structure that helps inhibit low maintenance surface and a long life cycle. Its production process does not lead to environmental destruction, or it has high performance and life cycle sustainability. The usage of green concrete helps in reducing the amount of carbon dioxide emission by 30%, and it also provides good thermal and fire resistance. Fly ash and GGBS are used to make green concrete by-products to improve its performance and workability.
These green concrete are used in bridges, dams, retaining walls, building construction, road construction, and others. Data Bridge Market Research analyses that the fly ash and GGBS market is expected to reach a value of USD 1,517.31 million by the year 2029, at a CAGR of 12.6% during the forecast period. “Building Construction ” accounts for the most prominent application segment. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
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Saudi Arabia Fly Ash and GGBS Market in Green Concrete Analysis and Size
Fly ash is used in green concrete to improve the workability of concrete and the strength and durability of hardened concrete. The properties of fly ash benefit concrete by reducing the mixing water requirement and improving the paste flow behavior. The properties of GGBS promote better water impermeability characteristics. It reduces the likelihood of concrete thermal cracking and improves concrete’s resistance to damage from the alkali-silica reaction, sulfates, and chlorides. The rising industrialization and construction industry is an important driver for the growth of Saudi Arabia fly ash and GGBS market in green concrete. The rising shift towards environmentally friendly alternatives and rise in usage of green concrete further accelerate the market growth.
The Market Dynamics of the Saudi Arabia Fly Ash and GGBS Market in Green Concrete include:
Drivers/Opportunities Faced by the Saudi Arabia Fly Ash and GGBS Market in Green Concrete
Rising industrialization and construction industry
Due to increasing construction, industrialization aims to improve productivity through increased mechanization and automation. This leads to using of concretes for construction. Under Vision 2030, one of the program’s goals is to increase sustainability by bringing sustainable solutions that will contribute to using green concrete for several construction projects. Hence, rising industrialization and the construction industry are expected to contribute to the growth of Saudi Arabia fly ash and GGBS market in green concrete.
The rising shift towards environment-friendly alternatives
Green concrete’s key benefit over conventional cement is that it is cheap and environmentally friendly. It is developed by using fly ash and GGBS. Green concrete has the potential to be a game changer in the construction sector because green concrete reduces the consumption of cement overall. It requires less carbon dioxide and is considered cheap and more durable than conventional concrete. Using green concrete allows one to enhance the workability of the concrete. The introduction of sustainable solutions and the growing construction industry aims to contribute to the use of green concrete for projects. Thus, the rising shift towards environment-friendly alternatives acts as a driver for the market.
The rise in usage of green concrete
The main objectives for the production of green concrete are that reduce green concrete production to reduce the effects of the greenhouse gas emissions produced by the cement industry. It minimizes the use of natural resources being consumed and cannot be returned to the earth to the lowest limits. The use of waste materials in concrete results in the reduction of air, land, and water pollution. It helps in saving energy, emissions, and wastewater. Thus rising benefits of green concrete are increasing its demand in Saudi Arabia for its construction and infrastructure activities. Hence, the rise in the usage of green concrete is expected to contribute to the market’s growth.
Increasing investment in the construction industry
The high rate of technology adoption is expected to continue transforming the construction sector. The use of new age building techniques, which significantly reduce the construction time and improve quality, is being utilized. To incorporate sustainability into the processes, the government invests in green buildings and standardizes building rating systems. The Ministry of Housing has developed a new standard for rating buildings known as the Mostadam Standard. The infrastructure and construction industry is crucial to the government’s plan to overhaul the country’s economy. The construction projects aim to incorporate technology and sustainable development elements. Therefore, the increasing investments in the construction industry and the government policy support are expected to provide opportunities for the growth of the Saudi Arabia fly ash and GGBS market in green concrete.
Competitive Landscape and Saudi Arabia Fly Ash and GGBS Market in Green Concrete Share Analysis
The Saudi Arabia fly ash and GGBS market in the green concrete competitive landscape provides details by the competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Saudi Arabia presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points are only related to the companies’ focus on Saudi Arabia fly ash and the GGBS market in green concrete.
Some of the major local players engaged in Saudi Arabia fly ash and GGBS market in green concrete are Al-Rashed Cement Company, Green Concrete Company, KRB, and Saudi Builmix, among others.
Some of the major export-oriented players in Saudi Arabia fly ash and GGBS market in green concrete are Tata Steel, JSW Cement., Boral, HOLCIM, Sagar Cement., Sharjah Cement & Industrial Development Co., JAYCEE BUILDCORP LLP, Sovanex International, and Astrra Chemicals among others.
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Saudi Arabia Fly Ash and GGBS Market in Green Concrete Scope
The Saudi Arabia fly ash and GGBS market in green concrete is segmented into two notable segments based on product and application. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
Fly Ash
GGBS
On the basis of product, the market is classified into fly ash and GGBS. Fly ash segment is further sub-segmented by type into type C and type F.
Application
Bridges
Dams
Retaining Wall
Building Construction
Road Construction
Others
On the basis of application, the market is classified into bridges, dams, retaining walls, building construction, road construction, and others.
Saudi Arabia Fly Ash and GGBS Market in Green Concrete Regional Analysis/Insights
Saudi Arabia’s fly ash and GGBS market in green concrete is analyzed, and market size insights and trends are provided by product and application as referenced above.
The country section of the report also provides individual market-impacting factors and changes in market regulation that impact the current and future trends of the market. Data points such as downstream and upstream value chain analysis, technical trends, porter’s five forces analysis, and case studies are some pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Saudi Arabia brands and the challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
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Why buy this report?
The report offers a comprehensive evaluation of the Saudi Arabia Fly Ash and GGBS Market in Green Concrete. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
The report includes an in-depth market analysis using Porter’s 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
The report also contains a competitive analysis using Positioning Quadrants, the analyst’s Proprietary competitive positioning tool.
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