Press release
Alternative Building Materials Market Sustainable Building Materials Will Reach $330.26 Billion by 2030
The alternative building materials market consists of revenue generated by sales for environment friendly building material such as wood, bamboo, recycled plastic and other eco-friendly material. These material are used to construct walls, windows, doors and roofs of residential and non-residential infrastructures. The alternative material are introduced to with a view to build sustainable buildings and to minimize pollution generated while manufacturing traditional building material.The global alternative building materials market generated $189.82 billion in 2020, and is estimated to generate $330.26 billion by 2030, witnessing a CAGR of 5.8% from 2021 to 2030. The report offers a detailed analysis of changing market trends, value chain, top segments, key investment pockets, regional scenarios, and competitive landscape.
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The report offers detailed segmentation of the global alternative building materials market based on material, end user, application, and region.
Based on material, the wood segment held the highest market share in 2020, accounting for nearly 91% of the total share, and is projected to maintain its leadership status during the forecast period. However, the recycled plastic segment is estimated to grow at the fastest CAGR of 7.8% from 2021 to 2030.
Based on application, the flooring segment accounted for the largest share in 2020, contributing to nearly four-fifths of the global alternative building materials market, and is expected to maintain its lead position during the forecast period. However, the furniture segment is projected to portray the highest CAGR of 6.2% from 2021 to 2030.
Based on region, Asia-Pacific contributed to the highest share in 2020, accounting for nearly two-thirds of the total share, and is expected to continue its dominant share in terms of revenue by 2030. However, LAMEA is projected to manifest the largest CAGR of 6.6% during the forecast period.
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Top Players:
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.
Read More Related Reports:
Green Roof Market -
https://www.alliedmarketresearch.com/green-roof-market-A08782
Roofing Market -
https://www.alliedmarketresearch.com/roofing-market
Modular construction market -
https://steemit.com/modular/@rashmip/exploring-the-outlook-of-the-modular-construction-market-from-2022-to-2032
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