PUBLISHER: The Business Research Company | PRODUCT CODE: 1615062
PUBLISHER: The Business Research Company | PRODUCT CODE: 1615062
Sustainable construction materials are environmentally friendly and resource-efficient building materials that promote long-term sustainability throughout their lifecycle. These materials are designed to minimize the environmental impact of construction, reduce waste, conserve natural resources, and enhance energy efficiency. They play a crucial role in sustainable building practices, aiming to lower the carbon footprint of construction and contribute to the overall sustainability of the built environment.
The main types of sustainable construction materials include bamboo, reclaimed wood, green insulation materials, structurally insulated panels, cross-laminated timber, recycled metal, precast concrete, recycled plastic-based cement, and others. Bamboo, for example, is a versatile and renewable building resource made from a fast-growing grass, making it suitable for various applications, including exterior, interior, and structural uses. These materials cater to a diverse range of end users, including residential, commercial, and industrial sectors.
The sustainable construction materials market research report is one of a series of new reports from The Business Research Company that provides sustainable construction materials market statistics, including sustainable construction materials industry global market size, regional shares, competitors with a sustainable construction materials market share, detailed sustainable construction materials market segments, market trends and opportunities, and any further data you may need to thrive in the sustainable construction materials industry. This sustainable construction materials market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The sustainable construction materials market size has grown rapidly in recent years. It will grow from $255.79 billion in 2023 to $286.85 billion in 2024 at a compound annual growth rate (CAGR) of 12.1%. The growth during the historical period can be attributed to a growing awareness of environmental impact, government regulations and green building standards, cost competitiveness and the availability of materials, rising urbanization and infrastructure development, and an increasing supply of recycled materials.
The sustainable construction materials market size is expected to see rapid growth in the next few years. It will grow to $456.94 billion in 2028 at a compound annual growth rate (CAGR) of 12.3%. The anticipated growth during the forecast period can be attributed to the increasing demand for green buildings, a rising need for eco-friendly materials, a growing focus on green certifications, the expansion of educational programs, and increased government incentives. Key trends expected during this period include advancements in energy-efficient materials, the introduction of innovative materials, the integration of smart technologies, the development of innovative manufacturing processes, and the creation of climate-resilient materials.
The increasing awareness of environmental concerns is anticipated to drive the growth of the sustainable construction materials market in the coming years. This awareness encompasses the understanding of how human activities impact the environment and the necessity for actions to mitigate these issues. The rise in environmental consciousness is attributed to heightened media coverage, educational initiatives, and advocacy efforts that have amplified public concern and understanding. Sustainable construction materials play a crucial role in addressing environmental challenges by minimizing the ecological footprint of building projects through the use of eco-friendly materials that enhance energy efficiency, reduce waste, and lower greenhouse gas emissions. These materials are essential for developing green buildings that contribute to long-term environmental preservation and sustainability. For example, a July 2023 report from the Office for National Statistics, a UK government department, revealed that approximately 86.5% of adults in Great Britain have altered their lifestyles to tackle environmental issues, with 73.6% making some changes and 12.8% implementing significant adjustments. Consequently, the growing awareness of environmental issues is fostering growth in the sustainable construction materials market.
Leading companies in the sustainable construction materials sector are concentrating on creating innovative solutions, such as carbon-captured net-zero cement, aimed at significantly lowering carbon emissions and enhancing the environmental impact of construction projects. Carbon-captured net-zero cement is designed to achieve a net-zero carbon footprint by capturing and either utilizing or storing carbon dioxide (CO2) emissions generated during its production. For instance, in November 2023, Heidelberg Materials, a Germany-based building materials company, launched evoZero, the world's first carbon-captured net-zero cement. This product addresses the urgent demand for sustainable construction materials and aims to lead the decarbonization of the cement industry. Utilizing advanced carbon capture and storage (CCS) technology at its Brevik plant in Norway, this innovative product achieves net-zero carbon emissions without relying on external carbon offsets. It also features a transparent carbon accounting system verified through blockchain technology. This groundbreaking innovation represents a significant advancement toward achieving carbon neutrality in the cement sector, promoting sustainable construction practices, and aims for a reduction of 10 million metric tons of CO2 by 2030.
In August 2023, Aggregate Industries, a UK-based building materials company, acquired OCL Regeneration Ltd. for an undisclosed amount. This acquisition is intended to strengthen Aggregate Industries' asphalt and surfacing operations, enhance sustainability by recycling highway waste into low-carbon products, and solidify its leadership position in circular construction supply within the UK highways market. OCL Regeneration Ltd. is a US-based company that specializes in manufacturing sustainable construction materials.
Major companies operating in the sustainable construction materials market are BASF SE, Johnson & Johnson, Compagnie de Saint-Gobain, Holcim Group Ltd., 3M Company, Novelis Inc., Knauf Gips KG, Skanska AB, CEMEX S.A.B. de C.V., DuPont de Nemours Inc., Sika AG, Owens Corning, Kingspan Group plc, Rockwool International A/S, Tarmac Ltd., Boral Limited, Forbo Holding AG, GAF Materials Corporation, Heidelberg Materials AG, The Alumasc Group plc, RedBuil LLC, Ecovative Design LLC
Asia-Pacific was the largest region in the sustainable construction materials market in 2023. The regions covered in the sustainable construction materials market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the sustainable construction materials market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The sustainable construction materials market consists of sales of fly ash concrete, green roofs, straw bales, recycled plastic, and insulated concrete forms (ICFs). Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Sustainable Construction Materials Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on sustainable construction materials market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for sustainable construction materials ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The sustainable construction materials market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.