Latest News- Lightweight Construction Material Market: Concrete is expected to lead the Material segment during 2025-2029

The Lightweight Construction Material Market is being driven by Construction growth

The Lightweight Construction Material Market is expected to grow at a CAGR of 5.4% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 45.6 billion. In the realm of lightweight construction materials, advancements driven by material science innovation are making a significant impact on the global market. One such development was announced in June 2024 at Suranaree University of Technology in Thailand. The university unveiled a project transforming white polystyrene (PS) foam waste into lightweight construction materials. This process involves a two-step grinding technique, where the foam is first reduced to marble-sized pieces and then further ground into tiny grains of sand. These pellets are subsequently coated with adhesive and combined with industrial fly ash to prevent clumping. The resulting material, resembling small pebbles, can be molded into various shapes, including bricks, blocks, and lightweight bricks. This innovative repurposing of PS foam waste, previously used primarily for packaging, offers a sustainable solution for the construction industry. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Material
  • Concrete
  • Steel
  • Wood
  • Composites
  • Insulation materials
• End-user
  • Commercial
  • Industrial
  • Residential
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • Europe
    • Germany
    • UK
    • France
  • North America
    • 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: 

• Construction growth
• Rapid urbanization
• Government support

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

• High cost of lightweight construction materials
• Disruptions in construction sector
• Lack of compatibility with refurbishment

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Market Scope in Lightweight Construction Material Market Research Report

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Research Analysis Overview

The lightweight construction materials market is witnessing significant growth due to the adoption of smart technologies, bio-based composites, and recycled plastics. These materials offer reduced carbon footprint and are used extensively in various industries such as marine, commercial construction, and automotive. Vacuum forming, thermoforming, pultrusion, compression molding, and injection molding are popular manufacturing processes. Urbanization and regulations drive demand for lightweight materials in construction, particularly for energy-efficient homes and high-rise buildings. The wind energy industry, aerospace, and space companies also utilize these materials for their durability and energy efficiency. Incentives, fuel efficiency, automation, and assembly further boost market growth. Lightweight steel framing, thermal insulation, and energy efficiency certifications are key trends. The defense industry, shipbuilding, transportation, and automotive sectors also benefit from lightweight materials in reducing greenhouse gas emissions and improving fuel efficiency. Equity investments in innovative technologies and materials continue to shape the future of the lightweight construction materials market.

Market Research Overview

In the realm of net-zero buildings and sustainable development, the global construction materials market plays a pivotal role, encompassing entities engaged in the production of sand, clay, gypsum, lime, aggregates, cement, concrete, bricks, and other materials. This market's size represents the consolidated revenue generated by providers of chemicals, construction materials, containers and packaging, metals and mining, and paper and forest products. Factors propelling growth in this sector include the upsurge in the building and construction industry, with the global market experiencing robust expansion in recent years, underpinned by the adoption of advanced manufacturing techniques, circular economy principles, recycling technologies, and carbon neutrality objectives. Building design and manufacturing processes are increasingly prioritizing composite materials and waste reduction strategies to meet the demands of a growing population and the need for eco-friendly infrastructure.. 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/