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Sustainable Construction Materials Market Size

Report ID: GMI12212
Published Date: Nov 2024
Report Format: PDF

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Sustainable Construction Materials Market Size

The global sustainable construction materials market size was valued at USD 276.2 billion in 2023 and is estimated to grow at a CAGR of over 11.8% from 2024 to 2032. Green certifications and standards are gaining traction. Notably, BREEAM (Building Research Establishment Environmental Assessment Method) and LEED (Leadership in Energy and Environmental Design) are becoming vital benchmarks for showcasing a building's environmental performance. By understanding these green standards and training their teams in sustainable practices, contractors and housebuilders position themselves advantageously for the future of sustainable construction.

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Furthermore, there is a rising availability of eco-friendlier products. These encompass biodegradable or recyclable materials, including bioplastics, hempcrete, and recycled steel or glass. In addition, concrete production significantly contributes to carbon emissions, many organizations are turning to low-carbon concrete alternatives, utilizing materials like fly ash, slag, or recycled aggregates. The trend towards mass timber construction is on the rise, celebrated for its sustainability and aesthetic charm. Furthermore, energy-efficient insulation is an area where construction firms are actively pursuing sustainability enhancements.

Sustainable Construction Materials Market Report Attributes
Report Attribute	Details
Base Year:	2023
Sustainable Construction Materials Market Size in 2023:	USD 276.2 Billion
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	11.8%
2032 Value Projection:	USD 734.9 Billion
Historical Data for:	2021 - 2023
No. of Pages:	220
Tables, Charts & Figures:	180
Segments covered:	Material Type, Application, End Use, Distribution Channel and Region
Growth Drivers:	Heightened public consciousness regarding environmental concerns Surge in consumer demand for energy-efficient, eco-friendly buildings
Pitfalls & Challenges:	Challenges in availability and supply chain Barriers in regulatory compliance

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Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of sustainable construction materials reached USD 276.2 billion in 2023 and is set to grow at a CAGR of over 11.8% from 2024 to 2032, driven by increased public awareness of environmental issues.

The bamboo segment accounted for around USD 63.2 billion in revenue in 2023 and is estimated to expand at a CAGR of around 12.2% from 2024 to 2032, as it is increasingly utilized in premium building projects.

The residential segment held around 47% of the total market share in 2023 and is anticipated to witness a 12.1% CAGR during the forecast period, led by the prioritization of energy-efficient and eco-friendly solutions in new constructions and renovations.

The U.S. market was valued at around USD 77.2 billion in 2023 and is estimated to record a CAGR of over 11.9% through 2032, propelled by stringent environmental regulations and advancements in material science.

The key players in the industry include Amvik Systems, Bauder, Cemex, DuPont, Heidelberg Cement, Holcim, Kingspan, Owens Corning, Ramco Industries, Saint-Gobain, Siga, Sika, Steico, Titan Cement, and Vulcan Materials.