The gypsum-based plasterboard market and alternatives was valued at $22.90 billion in 2023, and it is expected to grow at a CAGR of 7.88% and reach $48.89 billion by 2033.
The Asia-Pacific sustainable steel market (excluding China) is projected to reach $153.4 billion by 2031 from $68.4 billion in 2022, growing at a CAGR of 9.39% during the forecast period 2022-2031.
The global low-carbon construction material market is projected to reach $578.85 billion by 2032 from $244.96 billion in 2022, growing at a CAGR of 8.69% during the forecast period 2023-2032.
The global sustainable steel market is projected to reach $795.8 billion by 2031 from $327.3 billion in 2021, growing at a CAGR of 8.97% during the forecast period 2022-2031.
Global Eco-Friendly Bitumen Market to Reach $126,743.58 by 2025.
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The global coal tar market is expected to account for a market value of $16.54 billion by the end of 2024.
The global needle coke market is expected to account for a market value of $4.50 billion by the end of 2024.
The global construction industry is progressing incessantly by the gradual shift towards modular and prefabricated building technologies adopted by various architects, civil engineers and builders. The demand for prefabricated steel building in the Americas market is surging rapidly and the trend is likely to continue over the upcoming years.
The global energy efficient glass market is expected to grow from $XX million in the year 2016 to $XX million by 2026 at a CAGR of 19.5% from 2016 to 2026. The imminent energy crisis, globally, is causing a shift towards energy efficient glass, and considerable research is being done to develop the low power-consuming technologies.
The global construction sustainable materials market, by volume, was 7,543.1 Kilotons in 2016 and is expected to grow at a CAGR of 12.0% between 2017 and 2026. By value, the global construction sustainable materials market, was valued at $175.00 billion in 2016 and is expected to grow at a CAGR of 11.6% between 2017 and 2026.
According to United Nations (UN), around 50% of the global population lives in urban cities which is projected to touch 60% by 2030. The pace of economic and demographic growth has to be in harmony with the demand for commercial, residential and institutional construction activities.
The global needle coke market is expected to account for a market value of $4.50 billion by the end of 2024.
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Construction Materials
Construction Material Market and Industry Overview
The construction materials market plays a pivotal role in the dynamic landscape of the construction industry, serving as the cornerstone for infrastructural development worldwide. As urbanization accelerates and populations burgeon, the demand for sustainable construction materials becomes increasingly imperative. This intersection between the construction industry and sustainable development underscores a transformative shift towards environmentally conscious practices and materials.
In recent years, the construction sector has recognized its profound impact on the environment, prompting a paradigm shift towards sustainable construction. Sustainable development in construction involves the incorporation of materials and processes that minimize environmental impact, reduce carbon footprint, and enhance long-term resilience. This evolution is not merely a trend but a strategic imperative to address climate change and resource depletion.
The construction materials market, as a linchpin of this transformation, is witnessing a surge in demand for eco-friendly alternatives. Traditional materials like concrete and steel, notorious for their high carbon footprint, are being scrutinized, leading to the emergence of innovative substitutes. Eco-friendly materials such as recycled steel, bamboo, engineered wood, and advanced composites are gaining prominence, offering durability and functionality while minimizing environmental repercussions.
Moreover, sustainable construction materials not only contribute to environmental conservation but also align with the growing regulatory frameworks emphasizing green building standards. Governments, corporations, and consumers are increasingly prioritizing projects that adhere to stringent sustainability criteria, further propelling the demand for eco-conscious materials.
The construction materials market stands at the nexus of the construction industry and sustainable development. As the global community strives for a greener future, the adoption of eco-friendly materials is not just a choice but a necessity. The construction sector's commitment to sustainable development through innovative materials heralds a new era of responsible construction practices, fostering a resilient and environmentally harmonious built environment for generations to come.
BIS Research tracks the technological advancements occurring in the construction materials market along with the raw materials that are being used for the construction materials process, new optimized production processes, and technologies promoting sustainability in the market.
If your business is also interested in being part of this rapid growth, you need reliable information to take profitable market positions and invest in the right opportunities. At BIS Research, we are committed to helping our valued clients make informed and confident business decisions with the help of our research capabilities.
Each syndicated report produced by BIS research employs the Deep Tech M-A-PTM approach. This means that with each construction materials market report, you get a panoramic view of the market. Moreover, every report zooms in on the details to provide you with in-depth insights that would have been missed by the untrained eye. Each report also contains a patent analysis to understand the growing innovation in the market, the start-up landscape to understand the current entry scenario, profiles of leading players, and a detailed analysis of regional markets to offer a more holistic view of the overall market.
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