The sustainable construction materials market size has experienced rapid growth in recent years, expected to expand from $255.79 billion in 2023 to $286.85 billion in 2024, at a CAGR of 12.1%. This historic growth can be attributed to increasing awareness regarding environmental impacts, stringent government regulations and green building standards, cost competitiveness and availability of sustainable materials, rising urbanization and infrastructure development, and the growing availability of recycled materials. Looking ahead, the sustainable construction materials market is projected to grow to $456.94 billion by 2028, with a CAGR of 12.3%. The growth during this forecast period is driven by rising demand for green buildings, a heightened demand for eco-friendly materials, a growing focus on green certifications, the introduction of learning programs, and increased government incentives. Key trends during this period include advancements in energy-efficient materials, innovative construction materials, integration of smart technologies, modern manufacturing processes, and the development of climate-resilient materials.
Global Sustainable Construction Materials Market Key Driver
The increasing awareness of environmental issues is anticipated to boost the sustainable construction materials market. This awareness arises from media coverage and advocacy efforts, leading to greater public understanding. Sustainable construction materials mitigate environmental impacts by utilizing eco-friendly options that enhance energy efficiency and reduce waste. In July 2023, the Office for National Statistics noted that 86.5% of adults in Great Britain made lifestyle changes to address environmental concerns. Therefore, heightened environmental awareness is propelling the sustainable construction materials market's growth.
Get A Free Sample Of The Sustainable Construction Materials Market Report
Global Sustainable Construction Materials Market Segments
The sustainable construction materials market covered in this report is segmented –
1) By Type: Bamboo, Reclaimed Wood, Green Insulation Materials, Structural Insulated Panels, Cross-Laminated Timber, Recycled Metal, Precast Concentrate, Recycled Plastic-Based Cement, Other Types
2) By Application: Exterior, Interior, Structural, Other Applications
3) By End-User: Residential, Commercial, Industrial
By Geography:The regions covered in the sustainable construction materials market report areAustralia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Asia-Pacific was the largest region in the sustainable construction materials market in 2023.
Major Sustainable Construction Materials Industry Players
BASF SE, Johnson & Johnson, Compagnie de Saint-Gobain, Holcim Group Ltd., 3M Company, Novelis Inc., Knauf Gips KG, Skanska AB, CEMEX S.A.B. de C.V., DuPont de Nemours Inc., Sika AG, Owens Corning, Kingspan Group plc, Rockwool International A/S, Tarmac Ltd., Boral Limited, Forbo Holding AG, GAF Materials Corporation, Heidelberg Materials AG, The Alumasc Group plc, RedBuil LLC, Ecovative Design LLC
Purchase The Global Sustainable Construction Materials Market Report Directly And Get A Swift Delivery
Sustainable Construction Materials Market Overview
Sustainable construction materials are building materials that are environmentally friendly and resource-efficient and promote long-term sustainability throughout their lifecycle. These materials are designed to minimize the environmental impact of construction, reduce waste, conserve natural resources, and enhance energy efficiency. Sustainable construction materials are critical to sustainable building practices, which aim to reduce construction's carbon footprint and contribute to the overall sustainability of the built environment.
Sustainable Construction Materials Global Market Report 2023 provides data on the global sustainable construction materials market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The sustainable construction materials market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
