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Bio-Based Building Materials Market Trends

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

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Bio-Based Building Materials Market Trends

Green certifications like LEED, BREEAM, and Net Zero Carbon are gaining traction, propelling the use of bio-based building materials. These certifications mandate sustainable and low-carbon materials, easily met with bio-based alternatives. With the rising demand for green buildings, bio-based materials are increasingly integral to construction projects.

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.