Insightace Analytic PVT. Ltd. Announces the Release of a Market Assessment Report on the “Global Sustainable Construction Materials Market – (BY Material Type (Green Cement, Bamboo, Recycled Glass, Hempcrete, Recycled Tires, Reclaimed Wood, Cork, Mycelium, Ferrock, Sheep Wool, Recycled Metal, Recycled Plastic, AshCrete, Timbercrete, Cellulose Fiber, Stone, Others (Including Straw Bales and Natural Clay), according to use (external, indoor, structural, structural, other), according to end users (residential, commercial, industrial) trends, industry competition analysis, sales and prognosis until 2031. “
According to the latest research from Insightace Analytic, the global market for sustainable building materials in 2023 is a value of $ 225.9 billion, and it is expected that $ 539.2 billion with a CAGR of $ 11.8% in the forecast period from 2024-2031 will be reached by 2031.
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Sustainable building materials are environmentally conscious construction products to minimize the ecological effects, reduce resource consumption and to improve energy efficiency during the entire life cycle of a building. The market for these materials is growing rapidly and is fueled by the growing growing environmental awareness and the increasing introduction of green building practices. This sector includes materials such as recycled steel, bamboo, recovered wood and environmentally friendly concrete alternatives, all of which aim to reduce the ecological footprint of the construction activities.
The increasing prevalence of green building certification such as Breeeam and Leed has significantly controlled the demand for sustainable materials. In addition, governments worldwide drive environmentally friendly building materials through cheap guidelines, subsidies and tax incentives, which further supports market growth. Technological advances in materials science have also played a crucial role, which led to the development of carbon-neutral and energy-efficient materials that are increasingly integrated into new construction projects.
List of prominent actors on the market for sustainable building materials:
• 3m
• Alumasc Group PLC
• BASF SE
• Bauer Limited
• Binderholz GmbH
• certainly
• Dupont
• Forbo group
• Interface Inc.
• Kingspan group
• Lafarge
• National fiber
• Owens Corning
• PPG industry
• Redbuil, LLC
• Redware wall systems
• Structurlam mass timber corporation
Market dynamics:
Driver-
The market for sustainable building materials is powered by various key factors, including increased environmental awareness, stricter government regulations and the widespread introduction of Green Building certifications such as Leed and Bream. These drivers promote the integration of environmentally friendly materials into construction projects to reduce the environmental impact. Technological innovations in materials science, in particular the development of carbon-neutral and energy-efficient materials, continue to accelerate market growth. In addition, the increasing demand for sustainability of consumers and the companies after sustainability in connection with government incentives and subsidies to support the market contribute to the expansion of the market.
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Challenges:
The market for sustainable building materials faces various challenges that can hinder its growth. A primary obstacle is the higher costs for environmentally friendly materials compared to conventional alternatives, which makes it less attractive for budget -conscious projects, especially in developmental regions. These differences in cost can affect the widespread acceptance. In addition, the availability and consistency of the supply chain for certain sustainable materials provide challenges, since the procurement can be region -specific and inconsistent. In addition, a lack of awareness and expertise in sustainable building practices, especially in regions in which environmentally friendly building standards are not well established, can lead to a slow introduction and slow resistance to changes within the industry.
Regional trends:
The North American market for sustainable building materials is expected to achieve a significant proportion of market revenue, with the forecasts in the near future pointing out robust growth on a high CAGR. Strong regulatory framework in conjunction with high consumer awareness control the demand for green building materials and position the region as the market leader. The USA and Canada in particular are at the forefront with the extensive introduction of Leed and other green certification. In Europe, strict environmental regulations and ambitious sustainability goals such as the EU Green Deal promote growth. Countries like Germany and Great Britain lead in environmentally friendly building practices.
Recent developments:
• in September 2024, DuPont Declared Its Intention to Attain Net-Zero Carbon Emissions by 2050. In a Note Sent to the Science Based Targets Initiative (SBTI), The Company Expressed ITS Intention to Establish Long-Term Science-Based Greenhouse Gas (GHG) Emission Reduction Target, Thereby creating a comprehensive value chain net-zero target for verification by sbti in alignment with sbti's net-zero standard.
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Segmentation of sustainable building materials market
According to material type
• Green cement
• bamboo
• Recycling glass
• hemp concrete
• Recycled tires
• Recovered wood
• cork
• Myzel
• Ferrock
• sheep's wool
• Recyceler metal
• Recycelter plastic
• ash
• wood concrete
• Cellulose fiber
• Stone
• Others (including straw bales and natural sound)
Through application
• Outside
• interior
• structural
• Others
After end user
• Reside
• Commercial
• Industrial
According to region
North America-
• The USA
• Canada
• Mexico
Europe-
• Germany
• Great Britain
• France
• Italy
• Spain
• Rest of Europe
Asian-Pacific
• China
• Japan
• India
• South Korea
• Southeast Asia
• Rest of the Asian -Pacific space
Latin America-
• Brazil
• Argentina
• Rest of the Latin America
Middle East and Africa
• GCC countries
• South Africa
• Rest of the Middle East and Africa
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