PUBLISHER: Global Insight Services | PRODUCT CODE: 1598565
PUBLISHER: Global Insight Services | PRODUCT CODE: 1598565
The carbon-neutral building materials market will expand from $12.5 billion in 2023 to $28.4 billion by 2033, with a CAGR of 8.7%.
The Carbon-Neutral Building Materials market encompasses products and technologies designed to minimize or offset carbon emissions during production and construction. This market includes sustainable materials such as recycled steel, bamboo, and low-carbon concrete, alongside innovations like carbon capture and storage solutions. It supports the construction industry's shift towards sustainability by reducing environmental impact, aligning with global carbon reduction goals, and promoting eco-friendly building practices.
The carbon-neutral building materials market is witnessing robust expansion, driven by heightened environmental awareness and regulatory pressures. In the segment of building insulation, natural fibers and recycled materials are leading, reflecting a strong preference for sustainable alternatives. Concrete alternatives, such as geopolymer and carbon-cured concrete, are emerging as the second-highest performing sub-segment, driven by their reduced carbon footprints and enhanced durability. Europe stands as the top-performing region, benefiting from stringent environmental regulations and a well-established green building infrastructure. Within Europe, Germany leads, propelled by its advanced construction technologies and government incentives for sustainable practices. North America follows closely, with the United States spearheading growth due to increasing investments in green building projects and a growing consumer preference for sustainable living environments. These trends underscore a shift toward eco-friendly construction practices, with significant opportunities for innovation and investment in carbon-neutral solutions.
Key Companies
Carbon Cure Technologies, Interface, Boral Limited, Calera Corporation, Solidia Technologies, Lafarge Holcim Innovation Center, Green Building Store, BAMBOO- INDUSTRY, Hempitecture, Ecocem, Hanson Eco Plus, Cemex Ventures, Bio Mason, Carbon Upcycling Technologies, Made of Air, Carbi Crete, Breathe Bricks, Econic Technologies, Blue Planet, Planetary Technologies
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