The Global Sustainable Construction Materials Market is expected to advance at a CAGR of 11.2% during the forecast period from 2024 to 2034, as per a report by TMR (Transparency Market Research).
Adoption of sustainable construction materials has increased in the past few years owing to eco-friendly nature and lower environmental impact in comparison to conventional construction materials. Demand for bamboo, reclaimed wood, rammed earth, straw bale, and recycled & reclaimed materials, such as concrete and steel, is anticipated to increase in the next few years owing to advantages such as energy efficiency, durability, and ability to reduce carbon footprint of buildings. These factors present significant business opportunities for sustainable construction materials providers.
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Key Findings
- Bamboo is gaining popularity in the construction industry as extremely sustainable construction material owing to advantages, such as sturdiness, durability, improved compressive strength, and tensile strength similar to steel. Moreover, it is increasingly utilized in seismic-prone regions owing to its flexible and lightweight nature. As per TMR market trend analysis, the bamboo segment is likely to account for prominent share of the global industry during the forecast period. This can be ascribed to rise in the usage of bamboo in the construction of bridges, houses, and other structures across the globe.
- Understanding of climate change and its impact on overall environment has increased in the past few years across the globe. Government authorities in several developed and developing countries are focusing on environmental sustainability. They are taking initiatives in order to implement different regulations that can help in preserving biodiversity, decreasing greenhouse gas emissions, and encouraging sustainable practices in various industry verticals, such as transportation, agriculture, and construction. Governments are also promoting R&D activities focused on the development of eco-friendly building materials by providing financial aids to these researches. In addition, tax rebates and incentives are available for organizations utilizing environmental-friendly products. These factors are anticipated to propel the global market during the forecast period.
Sustainable Construction Materials Market: Competition Landscape
Major companies operating in the global industry are increasing investment in R&D activities in order to develop sustainable building products
These companies are adopting strategies, such as product launch and partnership, in order to increase market share
Sustainable Construction Materials Market: Key Players
- Alumasc Group plc
- 3M
- BASF SE
- Amvic Systems
- Binderholz GmbH
- Bauder Limited
- DuPont
- CertainTeed
- Interface Inc.
Sustainable Construction Materials Market Segmentation:
Type
- Bamboo
- Reclaimed Wood
- Green Insulation Materials
- Structural Insulated Panels
- Cross-laminated Timber (CLT)
- Recycled Metal
- Precast Concrete
- Recycled Plastic-based Cement
- Others
End-use
- Residential
- Commercial
- Offices
- Institutions
- Hospitality & Leisure
- Industrial
Regions Covered
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
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About Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.
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