PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1664904
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1664904
Bio-Based Building Materials Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024 - 2032
The Global Bio-Based Building Materials Market reached USD 24.2 billion in 2023 and is projected to grow at an impressive CAGR of 19% from 2024 to 2032. This growth is fueled by increasing sustainability initiatives and the rising demand for eco-friendly construction materials. Bio-based materials have become highly sought after due to their renewable nature, low carbon footprint, and ability to enhance indoor air quality, making them a cornerstone of modern, sustainable building practices.
By material type, the market is segmented into natural fibers, wood-based products, agro-waste-based products, bio-polymers, bio-insulation materials, bio-concrete, and others. Among these, wood-based products led the market with a valuation of USD 8.2 billion in 2023, and they are expected to grow at a CAGR of 19.5% from 2024 to 2032. Wood's sustainability, renewability, and biodegradability make it a standout choice over traditional materials. Its versatility, strength, and reduced environmental impact position it as a go-to option for both structural and aesthetic applications in construction and infrastructure projects.
| Market Scope | |
|---|---|
| Start Year | 2023 |
| Forecast Year | 2024-2032 |
| Start Value | $24.2 Billion |
| Forecast Value | $112.3 Billion |
| CAGR | 19% |
The market is categorized into residential, commercial, industrial, and infrastructure sectors based on end-use. The residential segment dominated in 2023, capturing 37% of the market share, and is projected to grow at a CAGR of 19.3% through 2032. Homeowners are increasingly prioritizing materials that improve indoor air quality and minimize environmental impact. Bio-based alternatives, free from harmful chemicals and emissions, align with the growing demand for sustainable, healthier living spaces, driving their adoption in the residential sector.
The U.S. bio-based building materials market generated USD 5.1 billion in 2023 and is set to expand at a CAGR of 19.2% from 2024 to 2032. Growth in the U.S. is primarily driven by government incentives, tax benefits, and certification programs promoting green construction practices. Policies focused on sustainable infrastructure and energy-efficient buildings have further accelerated the adoption of bio-based materials, solidifying the U.S. as a global leader in this market.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Market scope & definitions
- 1.2 Base estimates & calculations
- 1.3 Forecast calculations
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid sources
- 1.4.2.2 Public sources
Chapter 2 Executive Summary
- 2.1 Industry synopsis, 2021-2032
Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.1.1 Factor affecting the value chain
- 3.1.2 Profit margin analysis
- 3.1.3 Disruptions
- 3.1.4 Future outlook
- 3.1.5 Manufacturers
- 3.1.6 Distributors
- 3.2 Supplier landscape
- 3.3 Profit margin analysis
- 3.4 Key news & initiatives
- 3.5 Regulatory landscape
- 3.6 Impact forces
- 3.6.1 Growth drivers
- 3.6.1.1 Increasing demand for sustainable construction
- 3.6.1.2 Technological advancements
- 3.6.2 Industry pitfalls & challenges
- 3.6.2.1 Higher initial costs
- 3.6.1 Growth drivers
- 3.7 Growth potential analysis
- 3.8 Porter’s analysis
- 3.9 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
- 4.1 Introduction
- 4.2 Company market share analysis
- 4.3 Competitive positioning matrix
- 4.4 Strategic outlook matrix
Chapter 5 Market Estimates & Forecast, By Material Type, 2021-2032 (USD Billion)
- 5.1 Key trends
- 5.2 Natural fibers
- 5.3 Wood-based products
- 5.4 Agro-waste-based products
- 5.5 Bio-polymers
- 5.6 Bio-insulation materials
- 5.7 Bio-concrete
- 5.8 Others (bio-adhesives and binders, Etc)
Chapter 6 Market Estimates & Forecast, By Construction Type, 2021-2032 (USD Billion)
- 6.1 Key trends
- 6.2 New construction
- 6.3 Renovation and retrofit
Chapter 7 Market Estimates & Forecast, By Application, 2021-2032 (USD Billion)
- 7.1 Key trends
- 7.2 Structural components
- 7.3 Insulation
- 7.4 Flooring
- 7.5 Wall panels and cladding
- 7.6 Roofing
- 7.7 Others (decorative materials, Etc)
Chapter 8 Market Estimates & Forecast, By End Use, 2021-2032 (USD Billion)
- 8.1 Key trends
- 8.2 Residential
- 8.3 Commercial
- 8.4 Industrial
- 8.5 Infrastructure
Chapter 9 Market Estimates & Forecast, By Distribution Channel, 2021-2032 (USD Billion)
- 9.1 Key trends
- 9.2 Direct
- 9.3 Indirect
Chapter 10 Market Estimates & Forecast, By Region, 2021-2032 (USD Billion)
- 10.1 Key trends
- 10.2 North America
- 10.2.1 U.S.
- 10.2.2 Canada
- 10.3 Europe
- 10.3.1 UK
- 10.3.2 Germany
- 10.3.3 France
- 10.3.4 Italy
- 10.3.5 Spain
- 10.3.6 Russia
- 10.4 Asia Pacific
- 10.4.1 China
- 10.4.2 India
- 10.4.3 Japan
- 10.4.4 South Korea
- 10.4.5 Australia
- 10.5 Latin America
- 10.5.1 Brazil
- 10.5.2 Mexico
- 10.6 MEA
- 10.6.1 UAE
- 10.6.2 Saudi Arabia
- 10.6.3 South Africa
Chapter 11 Company Profiles
- 11.1 BASF SE
- 11.2 Clayworks Ltd.
- 11.3 Cork House
- 11.4 Durisol
- 11.5 EcoCocon
- 11.6 ECOR Global
- 11.7 Forbo Flooring Systems
- 11.8 Green Building Supply
- 11.9 Hempitecture Inc.
- 11.10 Interface, Inc.
- 11.11 Kirei
- 11.12 MycoWorks
- 11.13 NatureWorks LLC
- 11.14 Novamont S.p.A.
- 11.15 Plantd
