Press release
Alternative Building Materials Market Growth Statistics & Future Prospects to Reach $330,269.80 million by 2030
Alternative Building Materials Market
Increase in awareness about using environment friendly material and strict restriction implemented by government for manufacturing and using traditional material has lead people to opt for alternate building material. In addition, acquiring the LEED (Leadership in Energy and Environmental Design) green certification from the government authorities on building eco-friendly buildings makes the owner eligible for several grants from the government and also gets concession in taxes. Further, manufacturing of these alternative material emits less carbon as well as requires less energy for manufacturing. These are some of the driving factors for the alternative building material market.
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However, industries are gradually back on track and vaccine discovery has led to recovery of the alternative building materials market by mid-2021. On the contrary, advanced research and introduction of sustainable, durable and strong alternative material will help in conservation of environment and make people to opt for these materials, which is a major opportunity for the growth of the alternative building materials market.
The alternative building materials market is segmented on the basis of material, end user, application and region. On the basis of capacity, the market is divided into bamboo, recycled plastic, wood and others. Depending on end user, it is classified into residential and non-residential. On the basis of application, the market is divided into construction, furniture and flooring. By region, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Italy and rest of Europe), Asia-Pacific (China, Japan, South Korea, India, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
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Top Player:
The major players profiled in the alternative building materials market include Bauder Ltd., ByFusion Global Inc., CarbonCure Technologies Inc., JD Composites, Kirei, Neular, Plasticiet, Rammed Earth Enterprises, Rammed Earth Works and Takataka Plastics. Major companies in the market have adopted strategies such as product launch, business expansion and partnership, to offer better products and services to customers in the alternative building materials market.
Key Findings Of The Study
• By material, the wood segment was the highest revenue contributor in 2020.
• By end user, the residential segment generated the highest revenue in 2020.
• By application, the flooring segment generated the highest revenue in 2020.
• By region, the Asia-Pacific generated the highest revenue in 2020.
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More Reports:
Engineered Wood Market - https://www.alliedmarketresearch.com/engineered-wood-market
Bamboos Market - https://www.alliedmarketresearch.com/bamboos-market-A16305
Architectural Hardware Market - https://www.alliedmarketresearch.com/architectural-hardware-market
Wooden Floor Market - https://www.alliedmarketresearch.com/wooden-floor-market
Container Homes Market - https://www.alliedmarketresearch.com/container-homes-market
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