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Hempcrete Market Trends

  • Report ID: GMI9951
  • Published Date: Jun 2024
  • Report Format: PDF

Hempcrete Market Trends

Hempcrete is gaining popularity in mainstream building practices due to its sustainability, energy efficiency, and comfort benefits. This trend is supported by increased acceptance among construction professionals and advancements in building codes and standards. Hempcrete is poised to gain market share and establish itself as a competitive option for sustainable building projects, making it a viable and competitive alternative to traditional materials in residential, commercial, and industrial developments.
 

The hempcrete market is experiencing a notable shift toward global expansion, largely fueled by heightened awareness surrounding environmental sustainability and bolstered by regulatory backing for hemp cultivation and utilization. While Europe has traditionally led the charge in hempcrete adoption, other regions, such as North America, Asia Pacific, and Latin America, are increasingly acknowledging the merits of hempcrete as a sustainable construction material.

Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

The market size of hempcrete was worth USD 26.8 billion in 2023 and is anticipated to register over 5% CAGR between 2024 and 2032, driven by increasing demand for eco-friendly building materials and governmental support and regulatory incentives.

The wood segment in the hempcrete market held 35% revenue share in 2023, due to the versatility, familiarity, natural aesthetics of wood hempcrete and the rising demand for sustainable, eco-friendly building materials like hemp wood.

Europe hempcrete market held 30% revenue share in 2023, due to the region’s commitment to sustainable building practices and environmental stewardship, supported by a robust regulatory framework.

IsoHemp, American Lime Technology, HempEco Systems, HempFlax, Hemp Building Company, JustBioFiber, and UK Hempcrete.

Hempcrete Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 205
  • Countries covered: 22
  • Pages: 220
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