Construction Sustainable Materials Market- Global Industry Analysis and Forecast (2023-2029)

Construction Sustainable Materials Market has valued at US$ 354.3 Bn. in 2022. The Global Construction Sustainable Materials Market size is estimated to grow at a CAGR of 9.2% over the forecast period.
Construction Sustainable Materials Market Overview:
Construction is regarded as one of the biggest sources of pollution across the globe. In order to save energy, water, and other non-renewable resources, a variety of sustainable materials have been identified to replace traditional construction materials. It is advantageous for businesses to make a quick transition to sustainable construction in order to avoid future laws. More than 500 million tonnes of materials are used in the construction industry, which has a negative influence on the environment. The construction industry is responsible for 23 % of air pollution, 40% of water pollution, 50% of landfill trash, and 50% of global warming. As a result of this influence, several construction businesses have adjusted their ways, and there are now 230,000 structures across the globe, which are environmentally friendly. Sustainable materials replace conventional materials because they keep the same useful features while also providing additional benefits such as environmental benefits, reduced emissions, lower energy consumption, and the ability to be recycled and reused. Sustainable materials are becoming increasingly popular in the construction industry as a result of these characteristicsTo know about the Research Methodology:- Request Free Sample Report

2022 is considered as a base year to forecast the market from 2022 to 2029. 2022’s market size is estimated on real numbers and outputs of the key players and major players across the globe. The past five years' trends are considered while forecasting the market through 2029. 2022 is a year of exception and analysis, especially with the impact of lockdown by region.
Construction Sustainable Materials Market Dynamics:
The growing demand for construction sustainable materials can be attributed to their increasing use in applications such as insulation, roofing, framing, exterior siding, and interior finishing, as well as their use in the end-user industries of industrial construction, and commercial buildings, residential buildings, and other buildings.

A number of factors are driving the construction sustainable materials market, including superior properties of sustainable materials over conventional materials, government regulations, increasing sustainability goals, climate change and global warming, along with growing environmental assessment methods in the end-user industry. However, the market for constructing sustainable materials is being hampered by high production costs, technological advancements, and a lack of awareness. The construction industry's enormous development potential, rising demand from developing nations like China, Brazil, South America, and India, along with growing urbanization and population are all expected to offer opportunities for the construction sustainable materials market across the globe.

While many engineering and construction firms have developed sustainability plans and commitments, the poll finds that only a small percentage have taken meaningful efforts to achieve their sustainability objectives. Because a lack of visibility is a big issue when it comes to monitoring sustainable practices in their own operations, as well as with their subcontractors and supply chains, this is the case. For example, when it comes to procuring essential raw materials sustainably, just over half of engineering and construction firms (55%) have significant or complete visibility into their own processes, but only 16% have the same visibility into their suppliers' operations.
Construction Sustainable Materials Market Trends:
Green building certification, such as LEED, is becoming more popular (Leadership in Energy and Environmental Design) across the globe. The number of green buildings is increasing in order to achieve higher ratings and demand from the public. The market for sustainable construction materials has risen as a result of this trend.



According to the MMR research, the harmful influence on the environment caused by construction materials also causes harm to people, which is a major driving reason for the growth of the construction sustainable material market across the globe. As a result, traditional construction materials will be excluded from people's preferences for commercial and residential constructions. In addition, a major difficulty for the global construction sustainable material sector is the high cost of sustainable materials, which has an impact on the construction industry's entire operational expenses. In addition to the high cost of the materials, there is still a lack of true sustainability.
Construction Sustainable Materials Market Segmentation:
Based on the Product Type, the Construction Sustainable Materials Market is divided into Structural, Interior, Exterior, and Others. The Structural type segment held the largest market share accounting for 67.2% in 2022. Structural products help to reduce carbon emissions while also providing great durability at a low cost. The construction industry's growth, particularly in developing countries, is expected to fuel market growth. The growing popularity and use of diverse cladding designs on residential structures have increased the demand for construction sustainable insulating materials that provide air and weatherproofing while supporting any movement or stresses that the buildings may experience after completion. Insulation materials improve the endurance of repaired joints and give a cost-effective way to improve the building's overall sustainability without having to replace existing building elements.

Based on End User, the Construction Sustainable Materials Market is segmented into Residential, Commercial, and Industrial. The commercial construction segment held the largest market share accounting for 41.3% in 2022. Commercial buildings are a major source of greenhouse gas emissions and garbage generated during construction, which is major environmental concerns. The commercial sector has been redirected to use environmentally friendly building materials. By replacing old construction materials with sustainable resources such as fly ash, textiles, and wood products, the building materials industry is growing at a rate of 9.4% each year. Concrete construction accounted for 43.0% of global total building materials in 2022, suggesting that it has a significant possibility to be replaced by sustainable materials.
Construction Sustainable Materials Market Regional Insights:
The North America region held the largest market share accounting for 37.5% in 2022. The construction sector in North America has the highest rate of conversion from traditional to sustainable materials to tackle climate change and other environmental challenges through LEED-certified blueprints. On the back of a strong increase in building activities to replace old materials with sustainable materials at accessible rates, Asia-Pacific is growing at the fastest rate at a CAGR of 9.4% during the forecast period.

The objective of the report is to present a comprehensive analysis of the Construction Sustainable Materials Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Construction Sustainable Materials Market dynamics, and structure by analyzing the market segments and projecting the Construction Sustainable Materials Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Construction Sustainable Materials Market make the report investor’s guide.
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Construction Sustainable Materials Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2017 to 2022
Market Size in 2022:
US $ 354.3 Bn.


Forecast Period 2023 to 2029 CAGR:
9.2%
Market Size in 2029:
US $ 656.1 Bn.


 Segments Covered:
by Product Type
• Structural
• Interior
• Exterior
• Others


by End User
• Residential construction
• Commercial construction
• Industrial construction
• Others


by Application
• Thermal & Moisture materials
• Finishes materials (floor, wall roof finishes)
• Building materials (bricks, concrete, sand, cement)
• Others



Construction Sustainable Materials Market, by Region
• North America (United States, Canada and Mexico)
• Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
• Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
• Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
• South America (Brazil, Argentina Rest of South America)
Construction Sustainable Materials Market Key Players
• BASF SE
• Bauder Ltd.
• E.I. Du Pont de Nemours and Company
• Forbo International SA
• Interface Inc.
• Kingspan Group Plc.
• LafargeHolcim
• National Fiber
• PPG Industries Inc
• Alumasc Group Plc.
• Amvic Systems
• Others

Frequently Asked Questions:

1. Which region has the largest share in Global Construction Sustainable Materials Market?
Ans: North America region held the highest share in 2022.

2. What is the growth rate of Global Construction Sustainable Materials Market?
Ans: The Global Construction Sustainable Materials Market is growing at a CAGR of 9.2% during forecasting period 2023-2029.

3. What is scope of the Global Construction Sustainable Materials Market report?
Ans: Global Construction Sustainable Materials Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Construction Sustainable Materials Market?
Ans: The important key players in the Global Construction Sustainable Materials Market are – BASF SE, Bauder Ltd., E.I. Du Pont de Nemours and Company, Forbo International SA, Interface Inc., Kingspan Group Plc., LafargeHolcim, National Fiber, PPG Industries Inc, Alumasc Group Plc., Amvic Systems, Others

5. What is the study period of this Market?
Ans: The Global Construction Sustainable Materials Market is studied from 2022 to 2029.