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Bio-Based Building Materials Market Size

  • Report ID: GMI12546
  • Published Date: Dec 2024
  • Report Format: PDF

Bio-Based Building Materials Market Size

The global bio-based building materials market was valued at USD 24.2 billion in 2023 and is estimated to grow at a CAGR of over 19% from 2024 to 2032.

 

As governments and the private sector increasingly advocate for sustainable construction methods, the demand for green building materials is on the rise. With a heightened emphasis on energy efficiency, carbon neutrality, and minimizing environmental footprints, bio-based materials—such as hempcrete, bamboo, straw bale, and cork are gaining traction as preferred alternatives to conventional materials like concrete and steel.
 

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The global market size for bio-based building materials was valued at USD 24.2 billion in 2023 and is expected to reach USD 112.3 billion by 2032, driven by a CAGR of over 19% from 2024 to 2032.

The bio-based building materials industry from wood-based products segment accounted for approximately USD 8.2 billion in revenue in 2023 and is projected to grow at a CAGR of around 19.5% from 2024 to 2032.

The U.S. market generated around USD 5.1 billion in 2023, driven by government policies and incentives promoting sustainable building practices.

Major players in the industry include BASF SE, Clayworks Ltd., Cork House, Durisol, EcoCocon, ECOR Global, Forbo Flooring Systems, Green Building Supply, Hempitecture Inc., and Interface, Inc.

Bio-Based Building Materials Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 180
  • Countries covered: 18
  • Pages: 220
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