Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 227.8 Million | USD 732.22 Million | 12.4% | 2023 |
Zion Market Research has published a report on the global Construction Sustainable Materials Market, estimating its value at USD 227.8 Million in 2023, with projections indicating that it will reach USD 732.22 Million by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 12.4% over the forecast period 2024-2032. The report explores the factors fueling market growth, the hitches that could hamper this expansion, and the opportunities that may arise in the Construction Sustainable Materials Market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.
With use of natural & sustainable materials in construction sector having low embodied energy & ecological impact, the market for construction sustainable materials industry is anticipated to gain traction over the ensuing years. The basic concept behind utilization of sustainable materials in construction is to enhance the durability of the buildings along with reducing maintenance costs. Few of the sustainable materials used in construction activities are wood, clay, beeswax, and sand.
With escalating need for reducing the GHG impacts on environment and promote green energy has resulted in massive market expansion in the recent years. The massive demand for construction sustainable substances due to its exceptional features and benefits over traditional materials used in construction will drive the construction sustainable materials market trends. Apart from this, these products offer a slew of advantages including carbon emission reduction, energy savings, and recyclability as well as restoration.
Furthermore, strict directives, policies, and legislations implemented by authorities such as EU due to growing concerns over emissions for reducing environmental degradation has translated into humungous need for sustainable materials in construction industry over the recent years.
Moreover, surge in the infrastructural growth and favorable laws promoting use of sustainable products in Asian countries will prompt the growth of construction sustainable materials industry in the foreseeable future. With surge in the spending on commercial & residential construction across the globe, the market for construction sustainable materials market is likely to gain traction over the ensuing years. In addition to this, sustainable building materials reduce carbon footprints and enhances aesthetic value of the buildings and constructions. This, in turn, will proliferate the growth of construction sustainable materials industry in the forthcoming years. Nonetheless, huge costs of the product can restrict the business growth over the forecast timespan.
Report Attributes | Report Details |
---|---|
Report Name | Construction Sustainable Materials Market |
Market Size in 2023 | USD 227.8 Million |
Market Forecast in 2032 | USD 732.22 Million |
Growth Rate | CAGR of 12.4% |
Number of Pages | 110 |
Key Companies Covered | BASF SE, Forbo International SA, Bauder Ltd., National Fiber, E.I. Du Pont de Nemours and Company, PPG Industries Inc., Amvic Systems, Interface Inc., LafargeHolcim, Kingspan Group Plc., and Alumasc Group Plc |
Segments Covered | By Type, By Application, By End-User, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The construction sustainable materials market in North America will account for largest chunk of overall market share over the upcoming years owing to massive popularity of residential homes & refurbishment house ventures in countries in Canada and the U.S. Citing an instance, in 2018, there was large-scale investment in residential construction sector in the U.S.
Key players profiled in the report include
By Type
By Applications
By End-User
By Region
FrequentlyAsked Questions
Building materials classified as sustainable are those obtained, produced, and used in a way that reduces their environmental effect and advances sustainability all through their lifetime. Along with helping to create better indoor conditions and resource conservation, these materials seek to lower energy usage, trash output, and pollution.
Many governments are enforcing tougher rules for building sustainability and emissions. Grants for utilizing sustainable products or tax benefits help to encourage their acceptance even more.
Zion Market Research has published a report on the global Construction Sustainable Materials Market, estimating its value at USD 227.8 Million in 2023, with projections indicating that it will reach USD 732.22 Million by 2032.
The market is expected to expand at a compound annual growth rate (CAGR) of 12.4% over the forecast period 2024-2032.
NVIDIA, Siemens, Intel, General Vision, IBM, Google, AWS, Microsoft Corporation, GE, and Mitsubishi Electric
The construction sustainable materials market in North America will account for largest chunk of overall market share over the upcoming years owing to massive popularity of residential homes & refurbishment house ventures in countries in Canada and the U.S. Citing an instance, in 2018, there was large-scale investment in residential construction sector in the U.S.
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