Sustainable Construction Materials Market Trends, Top Companies, Share, Growth And Forecast 2033

The Business Research Company recently released a comprehensive report on the Global Sustainable Construction Materials Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, The sustainable construction materials market size has grown rapidly in recent years. It will grow from $255.79 billion in 2023 to $286.85 billion in 2024 at a compound annual growth rate (CAGR) of 12.1%. The growth in the historic period can be attributed to increasing awareness of environmental impact, government regulations and green building standards, cost competitiveness and availability of materials, rising urbanization and infrastructure development, and increasing availability of recycled materials.

The sustainable construction materials market size is expected to see rapid growth in the next few years. It will grow to $456.94 billion in 2028 at a compound annual growth rate (CAGR) of 12.3%. The growth in the forecast period can be attributed to growing demand for green buildings, rising demand for eco-friendly materials, growing focus on green certifications, rising learning programs, and rising incentives from the government. Major trends in the forecast period include advancements in energy-efficient materials, innovative materials, integration of smart technologies, innovative manufacturing processes, and development of climate-resilient materials.

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Market Drivers and Trends:

The growing awareness of environmental issues is expected to propel the growth of the sustainable construction materials market going forward. Awareness of environmental issues refers to understanding the impact of human activities on the environment and the need for actions to address these problems. The growing awareness of environmental issues is due to more media coverage, education, and advocacy, increasing public concern and understanding. Sustainable construction materials addresses environmental issues by reducing the ecological footprint of building projects by incorporating eco-friendly materials that promote energy efficiency, minimize waste, and lower greenhouse gas emissions, these materials support the development of green buildings that contribute to long-term environmental conservation and sustainability. For instance, in July 2023, according to the Office for National Statistics, a UK-based government department, in Great Britain, around 86.5% of adults have made lifestyle changes to address environmental issues, with 73.6% reporting some changes and 12.8% having made significant adjustments. Therefore, growing awareness of environmental issues is driving the growth of the sustainable construction materials market.

Major companies operating in the sustainable construction materials market are focusing on developing innovative solutions, such as carbon-captured net-zero cement, to significantly reduce carbon emissions and improve the environmental footprint of construction projects. Carbon-captured net-zero cement is a type of cement that aims to achieve a net-zero carbon footprint by capturing and utilizing or storing carbon dioxide (CO₂) emissions produced during manufacture. For instance, in November 2023, Heidelberg Materials, a Germany-based building material company, introduced evoZero, the world's first carbon-captured net-zero cement, to address the urgent need for sustainable construction materials and to lead the decarbonization of the cement industry. This groundbreaking product utilizes advanced carbon capture and storage (CCS) technology at the company's Brevik plant in Norway, achieving net-zero carbon emissions without relying on external carbon offsets. It features a transparent carbon accounting system verified via blockchain technology. This groundbreaking innovation marks a significant step towards achieving carbon neutrality in the cement industry, promoting sustainable construction practices, and targeting a 10 million metric tons reduction of CO₂ by 2030.

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Major Key Players of the Market:

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

Sustainable Construction Materials Market 2024 Key Insights:

• The sustainable construction materials market size is expected to see rapid growth in the next few years. It will grow to $456.94 billion in 2028 at a compound annual growth rate (CAGR) of 12.3%.
• Growing Awareness Of Environmental Issues Fuels Expansion Of Sustainable Construction Materials Market
• World's First Carbon-Captured Net-Zero Cement Aiming For Major CO₂ Reduction
• Asia-Pacific was the largest region in the sustainable construction materials market in 2023

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