Latest News- Advanced Building Materials Market: ACC is expected to lead the Type segment during 2025-2029

The Advanced Building Materials Market is being driven by Increase in number of smart cities

The Advanced Building Materials Market is expected to grow at a CAGR of 4.7% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 16207.4 million. In the advanced building materials market, there is a notable trend towards the utilization of eco-friendly and recycled materials, such as bamboo-based composites, recycled plastic building blocks, hempcrete, recycled concrete aggregate, reclaimed wood, and recycled steel. This shift is driven by a heightened emphasis on sustainability, reducing environmental impact, and preserving natural resources. These materials offer several advantages, including lower energy consumption, decreased greenhouse gas emissions, and reduced waste generation. The adoption of these sustainable alternatives to traditional building materials is poised to significantly impact the market landscape. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • ACC
  • Cross-laminated timber
  • Sealants
  • Structural insulated panel
  • Others
• End-user
  • Commercial
  • Industrial
  • Residential
• Product Type
  • Green materials
  • Composite materials
  • Smart materials
  • Nanomaterials
• Geography
  • APAC
    • China
    • India
    • Japan
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • North America
    • Canada
    • US
  • Middle East and Africa
  • South America
    • Brazil

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increase in number of smart cities
• Increased investments by governments in public infrastructure
• Increase in construction of green buildings

However, the market also witnesses some limitations, which are as follows:

• Uncertain macroeconomic conditions
• Dearth of skilled laborers
• Stringent regulations regarding cement manufacturing

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Market Scope in Advanced Building Materials Market Research Report

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Research Analysis Overview

Advanced building materials play a crucial role in reducing construction time and costs in the building and infrastructure sectors. Companies like Greentown Labs and Saint-Gobain are leading the way with cost-effective, eco-friendly solutions such as cross-laminated timber, structural insulated panels, sealants, and ready-mix concrete. Innovative materials like Ondura's green materials, advanced cement, and high-performance windows contribute to circular economy, decarbonization, and energy-efficient buildings. Cemex also offers precast products and elements made from high-performance materials. Traditional construction materials are being replaced by smart glass, green insulation materials, and high-performance windows to enhance building sustainability.

Market Research Overview

The advanced building materials market is a significant segment of the global construction materials industry, encompassing innovative products and key players such as Circular Economy initiatives by companies like Greentown Labs and Saint-Gobain. Factors propelling market expansion include the construction industry's upward trend, with the global market experiencing substantial growth in recent years. Key drivers include the adoption of cost-effective, sustainable materials like cross-laminated timber and structural insulated panels, as well as the imperative for decarbonization in the construction sector. These advancements are essential in reducing environmental impact while maintaining construction time efficiency and cost-effectiveness.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/