What Has Been The Evolution of the Low Carbon Construction Materials Market in Recent Years?
The low carbon construction materials market has seen considerable growth due to a variety of factors.
• The low carbon construction materials market has seen strong growth. It will rise from $259.42 billion in 2024 to $283.68 billion in 2025, growing at a CAGR of 9.3%.
The growth is driven by rising demand from the construction sector, increased adoption of sustainable products, the demand for eco-friendly building solutions, growing environmental awareness, and regulatory pressures.
What Is the Forecasted Market Size and Growth Rate for The Low Carbon Construction Materials Market Size In The Coming Years?
The low carbon construction materials market is expected to maintain its strong growth trajectory in upcoming years.
• The low carbon construction materials market is expected to grow significantly, reaching $400.27 billion by 2029, at a CAGR of 9.0%.
The growth is driven by heightened awareness of climate change, increasing regulations, a growing preference for eco-friendly building solutions, and increased construction activity. Key trends include adoption of green building standards, advancements in material technology, and innovation in sustainable construction materials.
What Factors Are Driving Growth In The Low Carbon Construction Materials Market?
The rising demand for new homes is expected to drive the low-carbon construction materials market. Population growth, urbanization, and demand for modern living spaces are increasing the need for new homes. Low-carbon materials are essential for reducing emissions and supporting sustainable construction. In the UK, new dwellings increased from 217,750 in 2020-21 to 234,460 in 2021-22, further driving the market for low-carbon construction materials.
What Are The Main Segments Of The Global Low Carbon Construction Materials Market?
The low carbon construction materials market covered in this report is segmented –
1) By Material: Plastic, Metal, Mass Timber, Green Concrete, Green Tiles, Low-Carbon Bricks, Other Materials
2) By Application: Residential, Commercial, Industrial, Other Applications
3) By End-User: Repair And Maintenance Activities, New Construction Activities
Subsegments:
1) By Plastic: Recycled Plastic Materials, Biodegradable Plastics, Composite Plastics
2) By Metal: Recycled Steel, Aluminum Alloys, Low-Carbon Steel
3) By Mass Timber: Cross-Laminated Timber (CLT), Glulam (Glued Laminated Timber), Laminated Veneer Lumber (LVL)
4) By Green Concrete: High-Performance Concrete, Fly Ash Concrete, Geopolymer Concrete, Recycled Aggregate Concrete
5) By Green Tiles: Recycled Ceramic Tiles, Sustainable Porcelain Tiles, Green Roof Tiles
6) By Low-Carbon Bricks: Fly Ash Bricks, Compressed Earth Blocks (CEBs), Recycled Clay Bricks
7) By Other Materials: Hempcrete, Bamboo, Rammed Earth, Cork
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How Are Emerging Trends Reshaping The Dynamics Of The Low Carbon Construction Materials Market?
Key players in the low-carbon construction material market are channeling their efforts into fabricating advanced technological products, such as energy-efficient glasses, in order to curb environmental degradation while sustaining top-notch performance. Energy-efficient glass serves as a glazing solution that curbs heat dispersion or accumulation, heightens thermal insulation, and bolsters energy conservation in infrastructures. Case in point: In June 2023, Saint-Gobain India, a construction entity based in India, unveiled a low-carbon glass. This trailblazing glass substrate from Saint Gobain Glass India aims at reducing carbon emissions by around 40% compared to their current products. Despite its slashed carbon emission, it matches the same superior technical, quality, and aesthetic benchmarks as conventional glass. This novel product, to be incorporated into the energy-efficient glass portfolio soon, will drastically scale down embodied carbon in structures and augment operational energy efficiency.
Who Are the Key Players In The Low Carbon Construction Materials Market?
Major companies operating in the low carbon construction materials market are:
• ArcelorMittal S.A.
• POSCO
• Nippon Steel Corporation
• Rio Tinto Group
• Nucor Corporation
• Holcim Limited
• Tata Steel Limited
• Hesteel Group Company Limited
• Steel Dynamics Inc.
• China Hongqiao Group Limited
• Norsk Hydro ASA
• CEMEX S.A.B. de C.V.
• Vedanta Limited
• Gerdau S/A
• EN+ Group plc
• Stora Enso Oyj
• Commercial Metals Company
• LIBERTY Steel Group
• CelsaGroup
• Kenoteq Ltd.
• CarbonCure Technologies Inc.
• Roca Tile USA
• Mercer Mass Timber LLC
• Plantd Inc.
• CarbiCrete
What Is The Most Dominant Region In The Low Carbon Construction Materials Market?
Asia-Pacific was the largest region in the low carbon construction material market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the low carbon construction materials market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
