Global Carbon Concrete Market By Product Type (Regular Carbon, Ultra Low Carbon), By Application (Bridges, Tunnels, Roads and Highways, Facades, Prefabricated Elements, Floors and Slabs, Walls and Partitions), By End User (Residential, Commercial, Industrial, Infrastructure, Public Buildings), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2023-2032

Report Overview

In 2022, the Global Carbon Concrete Market was valued at USD 2.1 Billion, and is expected to reach USD 5.4 Billion in 2032 from 2023 to 2032, this market is estimated to register a CAGR of 10.2%.

Carbon concrete, or carbon fiber concrete, is a sustainable construction material made from a mix of concrete, carbon fibers, or carbon bars. This material increases the tensile strength of concrete by creating mesh-like, textile-like mats between layers or dispersed throughout the concrete as fibers.

Carbon bars give strength to fine-grain concrete, creating large-strength, carbon-reinforced concrete. Carbon concrete is more reliable and lightweight than traditional concrete, making it ideal for building aesthetically pleasing buildings. It is a sustainable, energy-efficient, less material-intensive, and lighter building material.

As the construction industry faces an environmental crisis, carbon concrete is emerging as a sustainable alternative. The Cube is located on the TU Dresden University campus in Germany. It is the world’s first building made of carbon concrete and is reinforced with carbon fibers instead of steel.

 Actual Numbers Might Vary in the Final Report.

Key Takeaways

• Market Growth: Carbon Concrete’s global market continues to experience sustained expansion at an average compound annual compound growth rate between 2023-2032 of 10.2% annually.
• Overview: Carbon Concrete (CFRP), also referred to as carbon-fiber-reinforced concrete (CFRC), is an innovative construction material that utilizes carbon fiber reinforcements in concrete structures for improved strength and durability. Carbon Concrete provides outstanding environmental benefits while offering improved performance capabilities.
• Product Types: Ultra Low Carbon carbon concrete commands a substantial market share of 58.6% due to its extensive use in the construction industry.
• Applications: The bridge application segment takes the lead in the carbon concrete market, primarily because of the preference for carbon concrete in retrofitting and rehabilitating bridges, thanks to its versatility.
• End Users: Among these, the infrastructure segment claims the most significant share at 50.3% because carbon concrete has the potential to bring about a revolution in large infrastructure projects.
• Drivers: The increasing emphasis on sustainable and eco-friendly construction practices, the need for earthquake-resistant structures, and the desire for reduced carbon emissions in the construction industry drive market growth. Carbon concrete’s potential for cost savings and durability is a significant driver.
• Restraints: Challenges in this market include the upfront investment required for adopting carbon concrete, the need for standardized building codes, and the complexity of integrating carbon fibers into construction projects. Market competition and logistics can also pose challenges.
• Opportunity: Innovations in carbon concrete technology, cost-effective production methods, and eco-friendly construction practices present opportunities for market expansion. Meeting the demand for resilient and sustainable infrastructure is another growth opportunity.
• Trends: Trends in the carbon concrete market include the integration of carbon fibers into various construction elements, advancements in structural design, and the use of carbon concrete in projects focused on sustainability and resilience.
• Asia-Pacific: Asia-Pacific with a 53% market share, leads the global carbon concrete market due to extensive construction, major infrastructure projects, rapid urbanization, and the critical role of reliable infrastructure in driving economic growth in the region.
• Key Players: The carbon concrete market features a mix of established companies and startups specializing in carbon fiber technology and construction materials. Key players often invest in research and development, technology integration, and partnerships to meet the evolving needs of the construction industry. Building trust and demonstrating the benefits of carbon concrete are critical factors for success in this competitive market.

Market Scope

Product Type Analysis

Ultra Low Carbon Concrete Dominates The Market Because of its Lower Cost Price and Availability.

Based on product type, the global carbon concrete market is segmented into Regular carbon concrete and ultra-low carbon concrete. Ultra Low Carbon carbon concrete holds a significant market share of 58.6% because it is widely used in construction. Ultra Low Carbon performs better in specific applications, such as high-strength or high-durability requirements.

Contractors and builders choose ultra-low-carbon concrete over Regular-carbon concrete because it is easy to address any issue that arises during construction due to their familiarity with its properties. Ultra-low-carbon concrete can be produced with lower energy requirements compared to traditional concrete, resulting in reduced energy consumption during production.

Furthermore, using ultra-low-carbon concrete can help construction projects meet environmental specifications and comply with regulations as governments and regulatory bodies focus on reducing carbon emissions in the industry.

Using alternative materials or carbon capture technologies during production, ultra-low carbon concrete reduces carbon emissions. Using ultra-low carbon concrete in construction projects can improve reputation and attract environmentally conscious clients.

Application Analysis

The Bridge Application Segment Dominates The Carbon Concrete Market Because The Use Of Carbon Concrete In Retrofitting And Rehabilitation Is Favored For Bridges Due To Its Versatility.

Based on application, the carbon concrete market is segmented into bridges, tunnels, roads and highways, facades, prefabricated elements, floors and slabs, walls and partitions, and other applications. Among these applications, The bridge Application Segment dominates the Carbon Concrete Market because Bridges are critical infrastructure assets that withstand heavy traffic and harsh weather conditions.

Carbon concrete enhances durability and crack resistance, contributing to longer service life and reduced maintenance needs. Carbon concrete has been found to improve the load-bearing capacity and durability of bridges, thus making it a popular choice for bridge building and renovation projects.

End User Analysis

The Infrastructure Segment Dominates The Market Due To Increasing Use of Carbon Concrete In The Construction Of Roads, Buildings, And Other Infrastructure Projects.

Based on end users, the market is further divided into residential, commercial, industrial, infrastructure, public buildings, and other end users. Among these,  the infrastructure segment holds the largest share of 50.3% because carbon concrete has the potential to revolutionize large infrastructure projects. It enables the production of lighter prefabricated parts, eliminating the need for large cranes and allowing for larger spans without collapsing.

Carbon concrete is used for structural reinforcement and reconstruction projects, providing durability. Due to its strength and lightness, carbon concrete can be used to construct an aesthetically appealing building. Its uses are not restricted to a particular type of infrastructure but can be applied to a wide range of projects. Thanks to its features, it allows for greater design freedom and creativity in architectural projects.

Key Market Segments

By Product Type

• Regular Carbon
• Ultra Low Carbon

By Application

• Bridges
• Tunnels
• Roads & Highways
• Facades
• Prefabricated Elements
• Floors & Slabs
• Walls and Partitions
• Other Applications

By End User

• Residential
• Commercial
• Industrial
• Infrastructure
• Public Buildings
• Other End User

Drivers

Infrastructure Development And A Growing Need For Lightweight Building Materials Driving The Market.

Carbon concrete can be used for various large infrastructure projects, from bridges to viaduct systems. It can be used to create larger spans without risk of collapse, and it can also be used to create lighter, pre-fabricated components that do not require the use of large cranes.

Investment in research and development of carbon concrete is driving innovation and the development of new products and applications.

Changes In Technology and Environmental Factors Are Driving The Global Carbon Concrete Market.

To create an environmentally friendly and efficient construction industry, there is a need to incorporate new technologies and materials. Carbon concrete is a composite material made of concrete and reinforced with carbon fibers, which do not rust and are incredibly strong. Carbon concrete is expected to have a longer lifespan than current designs.

Carbon fibers have a tensile strength six times higher than steel, allowing for a lower amount of concrete to be used, saving cement and aggregates. This study examines and compares the environmental impacts of both Carbon Concrete and traditional steel-reinforced concrete over their life cycle, including their climate, material, energy, and water footprints.

Restraints

An Increase In Cost Is One Of The Main Reasons For Slow Growth Of The Carbon Concrete Market

Raw materials such as carbon, glass, and fine-grained concrete are more expensive than conventional steel-reinforced concrete. However, they offer several advantages, such as sustainability, resource savings, thinner cross-sectional dimensions, more efficient process flows, and low transport costs.

As a result, carbon-reinforced concrete solutions are already highly competitive throughout the value-creation process. Moreover, the construction method that uses carbon-reinforced concrete enables applications that are impossible with steel-reinforced concrete.

Opportunity

Increasingly Scarce Resources And  Reinforced Concrete Are The Future Of The Construction Industry

The construction industry is looking to the future by developing carbon-reinforced concrete. With resources becoming scarce and the corrosion of steel reinforcement causing issues in steel-reinforced concrete construction, there is a growing need for alternative solutions, such as carbon concrete.

It remains to be seen how much carbon-reinforced concrete can replace steel-reinforced concrete, but it has the potential for many applications. Carbon-reinforced concrete is a durable and efficient construction material with excellent technical properties. It can provide strength, flexibility, and resilience, making it suitable for various applications in the construction industry.

Trends

Emerging Concrete Technologies to Reduce Embodied Carbon, Which Will Help in Fast-growing Market

The architecture, engineering, and construction industry must prioritize embodied carbon in sustainable design. Several concrete technologies, including carbon sequestration and injection, have been developed to reduce carbon emissions. Market leaders such as CarbonCure, CarbiCrete, and Solidia have introduced emerging technologies for concrete production in the Carbon Concrete Market.

A team in Atlanta successfully collaborated with a concrete supplier for a commercial office building project. By injecting CO2 into the concrete mixture at the batch plant, they reduced the cement content by 7% for the drilled pier foundations. This technology, along with other cement alternatives such as traditional supplementary cementitious materials, can help project teams reach their embodied carbon reduction goals.

Regional Analysis

Asia-Pacific Holds Region Accounted Significant Share of the Global Carbon Concrete Market

Asia-Pacific held the largest market share of 53%, dominating the global carbon concrete market because the region’s construction industry is defined by high levels of building activity and substantial infrastructure projects driven by rapid urbanization and the need for reliable infrastructure that promotes economic growth.

Governments in the Asia Pacific are investing heavily in infrastructure projects, driving the demand for advanced building materials like carbon concrete. Producing enough cement to meet demand while reducing global CO2 emissions is a global challenge the cement industry faces.

Key Regions and Countries

• North America
  • The US
  • Canada
• Europe
  • Germany
  • France
  • The UK
  • Spain
  • Italy
  • Russia & CIS
  • Rest of Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • ASEAN
  • Rest of APAC
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of MEA

Key Players Analysis

Companies in the carbon concrete market are collaborating to tackle challenges. Implementing strategies and partnerships between prominent entities in the low-carbon concrete sector to mitigate carbon emissions and satisfy the increasing need for sustainable building materials.

Key players are improving carbon concrete through research and development to increase its cost-effectiveness and properties. The market for carbon-reinforced concrete is expected to grow as companies invest in research and development.

With the presence of several key players across the globe, the global Carbon Concrete market is fragmented. New key players are subject to intense competition from leading market players, particularly those with strong brand recognition and high distribution networks.

As evident, most businesses invest heavily in research and development, leading to the early adoption of next-gen tech and the creation of innovations. Companies have gained various expansion strategies, partnerships, and developments in new research technologies to stay on top of the market.

Market Key Players

• CARBOCON
• Solidia
• Breakthrough Energy Ventures
• EP Henry
• CO2 Concrete
• Carbon Concrete Composite
• arbiCrete
• Central Concrete
• CarbonCure Technologies
• ALLPLAN Deutschland GmbH
• LafargeHolcim
• Cemex
• Other Key Players

Recent Development

In June 2023, concrete is a huge source of carbon emissions. According to the think tank Chatham House, these researchers are working to make it greener. With pressure on the construction industry to decarbonize, researchers worldwide are looking for ways to make concrete greener.

In September 2022, New Technologies for Reduced-Carbon Concrete Are On the Horizon. Startups and established companies are creating ways to reduce cement’s carbon footprint by capturing and storing carbon dioxide.

Report Scope