Renewable Materials In Construction Market
Renewable Materials in Construction Market Forecasts to 2030 - Global Analysis By Type (Crop-Based Materials, Non-Crop Based Materials and Other Types), Material (Plant-Based Material, Precast Concrete Slabs, Ferrock, Rammed Earth, Recycled Material, Green Thermal Insulation Materials and Other Materials), Application (Exterior Products, Interior Products, Building System, Solar Products and Other Applications), End User and by Geography
|
Years Covered |
2021-2030 |
|
Estimated Year Value (2023) |
US $353.16 MN |
|
Projected Year Value (2030) |
US $742.52 MN |
|
CAGR (2023 - 2030) |
11.2% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Europe |
|
Highest Growing Market |
Asia Pacific |
According to Stratistics MRC, the Global Renewable Materials in Construction Market is accounted for $353.16 million in 2023 and is expected to reach $742.52 million by 2030 growing at a CAGR of 11.2% during the forecast period. Sustainable development and environmental impact mitigation are greatly aided by the use of renewable materials in construction. A more environmentally friendly option to conventional building materials, these materials come from replenishable sources like bamboo, wood, straw, and recycled content. They not only help reduce carbon footprints by storing carbon dioxide during growth, but they also frequently produce less energy and emit fewer emissions as a consequence. Furthermore, renewable resources support regional economies and biodiversity.
According to the World Green Building Council, integrating renewable materials into construction practices is imperative for achieving global sustainability goals. By utilizing materials sourced from renewable resources, the construction industry can contribute to lowering carbon emissions, minimizing resource depletion, and creating buildings that are environmentally responsible on a global scale.
Market Dynamics:
Driver:
Global focus on ecological methods
The global emphasis on sustainable building practices is driving the market for renewable materials in construction. Governments are putting laws and incentives in place to promote the use of renewable alternatives to building materials because they understand the negative environmental effects of traditional building materials. Moreover, this worldwide dedication to sustainability cuts across all industries, encouraging those involved in construction to use environmentally friendly materials that support long-term preservation of the environment.
Restraint:
Restricted availability and supply chain issues
Widespread adoption of renewable materials is hampered by their limited availability. Certain types of wood, like reclaimed wood or bamboo, may find it difficult to satisfy the growing demand because of their limited supply. Additionally, the effective distribution of renewable materials can be hampered by supply chain limitations like storage and transportation problems, which can limit their accessibility to building projects throughout the world.
Opportunity:
Increasing consumer demand for eco-friendly buildings
The market demand for sustainable construction is rising as a result of people becoming more conscious of environmental issues and adopting more sustainable lifestyles. This offers a great chance for the market for renewable materials in construction to grow. Moreover, renewable material suppliers and manufacturers have an opportunity to take a bigger chunk of the construction market as more companies and consumers prioritize eco-friendly practices.
Threat:
Comparability of cost with conventional materials
The challenge of being cost-competitive with traditional materials is one of the main threats facing the market for renewable materials in construction. The widespread adoption of sustainable practices may be hampered if renewable materials continue to be more expensive to produce, process, or install than their conventional counterparts. Furthermore, this is because cost-conscious construction projects may choose to use non-renewable options instead of renewable ones.
Covid-19 Impact:
The market for renewable materials in construction has been severely impacted by the COVID-19 pandemic, which has resulted in supply chain disruptions, project delays, and uncertain economic conditions. Lockdowns, social distancing measures, and labor shortages hindered construction activities, which resulted in project delays and slowdowns. Furthermore, the adoption of renewable materials may have been temporarily slowed by budgetary constraints and a focus on essential spending during the pandemic, especially if their upfront costs are thought to be higher. However, the market for renewable construction materials is anticipated to rebound as economies recover and a renewed focus on sustainability emerges following the pandemic.
The Recycled Materials segment is expected to be the largest during the forecast period
The market for renewable materials in construction is expected to have the largest share in the recycled materials segment. Reclaimed wood, recycled steel and other materials that have been repurposed are examples of recycled materials that can be used to address environmental issues and meet the growing demand for sustainable construction methods. Because recycled materials keep waste out of landfills and cut down on the need for virgin resources, they support a circular economy. Moreover, their adaptability, compatibility with a range of construction applications, and capacity to adhere to strict green building standards are what make them so popular.
The Residential segment is expected to have the highest CAGR during the forecast period
In the renewable materials construction market, the residential segment has the highest CAGR. The rise in the use of renewable materials in residential construction can be attributed to homeowners increasing consciousness of sustainable living practices and their aspiration for eco-friendly and energy-efficient homes. Furthermore, renewable building materials are becoming more popular in residential construction because they can improve energy efficiency, lessen their impact on the environment, and be compatible with green building certifications.
Region with largest share:
The European region held the largest market share for renewable materials in the construction industry. Europe has led the way in adopting sustainable practices and has made great progress in the building industry's adoption of renewable materials. The region's dominant position in the market can be attributed to its dedication to environmental preservation, strict regulations, and growing public awareness of the advantages of renewable materials. Additionally, policies have been put in place by European nations to encourage the use of recycled materials and renewable resources like wood, bamboo, and straw in building projects.
Region with highest CAGR:
The Asia-Pacific region had the highest CAGR in the renewable materials market for construction. Sustainable building materials are in high demand in the Asia-Pacific region due to the region's rapid urbanization, population growth, and increased infrastructure development. To address environmental concerns and lower carbon emissions, nations like China, India, and Japan have been making significant investments in sustainable building practices and renewable building materials. Moreover, the market for renewable building materials has grown significantly as a result of the region's strong emphasis on green building initiatives, supportive policies from the government, and growing consumer awareness.
Key players in the market
Some of the key players in Renewable Materials in Construction market include GE Sealants and Adhesives, Inc, Forbo International SA, E. I. du Pont de Nemours and Company, DowDuPont, BASF SE, Kingspan Group plc, Cemex S.A.B. de C.V., Alumasc Group plc, Binderholz GmbH, Calvert Company, PPG Industries, Inc and Bauder Ltd.
Key Developments:
In November 2023, BASF, a globally leading battery materials producer, and SK On, a globally leading electric vehicle battery cell manufacturer, have entered into an agreement to jointly evaluate collaboration opportunities in the global lithium-ion battery market focused on North America and Asia-Pacific. The collaboration brings together strong business and product development capabilities to develop industry-leading battery materials for lithium-ion batteries.
In July 2023, Building materials company Kingspan Group has entered an agreement with Schramek to acquire 51% of the shares of German wood-based products manufacturing company Steico. The agreement aksi includes a future option to buy a further 10% of Steico’s shares. Steico has an invested asset base, with four production sites totalling 27 lines in Poland and France, as well as additional capacity approaching completion with up to €200m in revenue headroom. Steico reported audited operating sales of €445m for the year ending 31 December 2022.
In January 2022, Binderholz_to_take_over_BSW_Timber_100769/"">The acquisition of the British BSW Timber Ltd., based in Earlston, Scotland, by Binderholz UK Holding GmbH, a subsidiary of the Austrian binderholz Group, was successfully concluded with the closing of the transaction. BSW Timber Ltd. is the largest sawmill group in the UK in 2021 with a turnover of around GBP700 million sterling and a production capacity of over 1.2 million m3 of sawn timber per year.
Types Covered:
• Crop-Based Materials
• Non-Crop Based Materials
• Other Types
Materials Covered:
• Plant-Based Material
• Precast Concrete Slabs
• Ferrock
• Rammed Earth
• Recycled Material
• Green Thermal Insulation Materials
• Other Materials
Applications Covered:
• Exterior Products
• Interior Products
• Building System
• Solar Products
• Other Applications
End Users Covered:
• Residential
• Commercial
• Industrial
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Renewable Materials in Construction Market, By Type
5.1 Introduction
5.2 Crop-Based Materials
5.3 Non-Crop Based Materials
5.4 Other Types
6 Global Renewable Materials in Construction Market, By Material
6.1 Introduction
6.2 Plant-Based Material
6.2.1 Straw Bales
6.2.2 Cork
6.2.3 Bamboo
6.2.4 Reclaimed Wood
6.3 Precast Concrete Slabs
6.4 Ferrock
6.5 Rammed Earth
6.6 Recycled Material
6.6.1 Metal
6.6.2 Plastic
6.6.3 Composites
6.7 Green Thermal Insulation Materials
6.7.1 Sheep Wool
6.7.2 Cellulose
6.7.3 Earthwool
6.8 Other Materials
7 Global Renewable Materials in Construction Market, By Application
7.1 Introduction
7.2 Exterior Products
7.2.1 Window and Doors
7.2.2 Siding
7.2.3 Roofing
7.3 Interior Products
7.3.1 Flooring
7.3.2 Insulation
7.4 Building System
7.4.1 HVAC
7.4.2 Nonresidential Glazing
7.4.3 Lighting Fixtures
7.5 Solar Products
7.6 Other Applications
8 Global Renewable Materials in Construction Market, By End User
8.1 Introduction
8.2 Residential
8.2.1 Independent Houses
8.2.2 Apartments
8.3 Commercial
8.3.1 Shopping malls
8.3.2 Hospitals
8.3.3 Corporate Offices
8.3.4 Education Centers
8.3.5 Hotel
8.4 Industrial
8.4.1 Manufacturing Facilities
8.4.2 Warehouses
8.5 Other End Users
9 Global Renewable Materials in Construction Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 GE Sealants and Adhesives, Inc
11.2 Forbo International SA
11.3 E. I. du Pont de Nemours and Company
11.4 DowDuPont
11.5 BASF SE
11.6 Kingspan Group plc
11.7 Cemex S.A.B. de C.V.
11.8 Alumasc Group plc
11.9 Binderholz GmbH
11.10 Calvert Company
11.11 PPG Industries, Inc
11.12 Bauder Ltd
List of Tables
1 Global Renewable Materials in Construction Market Outlook, By Region (2021-2030) ($MN)
2 Global Renewable Materials in Construction Market Outlook, By Type (2021-2030) ($MN)
3 Global Renewable Materials in Construction Market Outlook, By Crop-Based Materials (2021-2030) ($MN)
4 Global Renewable Materials in Construction Market Outlook, By Non-Crop Based Materials (2021-2030) ($MN)
5 Global Renewable Materials in Construction Market Outlook, By Other Types (2021-2030) ($MN)
6 Global Renewable Materials in Construction Market Outlook, By Material (2021-2030) ($MN)
7 Global Renewable Materials in Construction Market Outlook, By Plant-Based Material (2021-2030) ($MN)
8 Global Renewable Materials in Construction Market Outlook, By Straw Bales (2021-2030) ($MN)
9 Global Renewable Materials in Construction Market Outlook, By Cork (2021-2030) ($MN)
10 Global Renewable Materials in Construction Market Outlook, By Bamboo (2021-2030) ($MN)
11 Global Renewable Materials in Construction Market Outlook, By Reclaimed Wood (2021-2030) ($MN)
12 Global Renewable Materials in Construction Market Outlook, By Precast Concrete Slabs (2021-2030) ($MN)
13 Global Renewable Materials in Construction Market Outlook, By Ferrock (2021-2030) ($MN)
14 Global Renewable Materials in Construction Market Outlook, By Rammed Earth (2021-2030) ($MN)
15 Global Renewable Materials in Construction Market Outlook, By Recycled Material (2021-2030) ($MN)
16 Global Renewable Materials in Construction Market Outlook, By Metal (2021-2030) ($MN)
17 Global Renewable Materials in Construction Market Outlook, By Plastic (2021-2030) ($MN)
18 Global Renewable Materials in Construction Market Outlook, By Composites (2021-2030) ($MN)
19 Global Renewable Materials in Construction Market Outlook, By Green Thermal Insulation Materials (2021-2030) ($MN)
20 Global Renewable Materials in Construction Market Outlook, By Sheep Wool (2021-2030) ($MN)
21 Global Renewable Materials in Construction Market Outlook, By Cellulose (2021-2030) ($MN)
22 Global Renewable Materials in Construction Market Outlook, By Earthwool (2021-2030) ($MN)
23 Global Renewable Materials in Construction Market Outlook, By Other Materials (2021-2030) ($MN)
24 Global Renewable Materials in Construction Market Outlook, By Application (2021-2030) ($MN)
25 Global Renewable Materials in Construction Market Outlook, By Exterior Products (2021-2030) ($MN)
26 Global Renewable Materials in Construction Market Outlook, By Window and Doors (2021-2030) ($MN)
27 Global Renewable Materials in Construction Market Outlook, By Siding (2021-2030) ($MN)
28 Global Renewable Materials in Construction Market Outlook, By Roofing (2021-2030) ($MN)
29 Global Renewable Materials in Construction Market Outlook, By Interior Products (2021-2030) ($MN)
30 Global Renewable Materials in Construction Market Outlook, By Flooring (2021-2030) ($MN)
31 Global Renewable Materials in Construction Market Outlook, By Insulation (2021-2030) ($MN)
32 Global Renewable Materials in Construction Market Outlook, By Building System (2021-2030) ($MN)
33 Global Renewable Materials in Construction Market Outlook, By HVAC (2021-2030) ($MN)
34 Global Renewable Materials in Construction Market Outlook, By Nonresidential Glazing (2021-2030) ($MN)
35 Global Renewable Materials in Construction Market Outlook, By Lighting Fixtures (2021-2030) ($MN)
36 Global Renewable Materials in Construction Market Outlook, By Solar Products (2021-2030) ($MN)
37 Global Renewable Materials in Construction Market Outlook, By Other Applications (2021-2030) ($MN)
38 Global Renewable Materials in Construction Market Outlook, By End User (2021-2030) ($MN)
39 Global Renewable Materials in Construction Market Outlook, By Residential (2021-2030) ($MN)
40 Global Renewable Materials in Construction Market Outlook, By Independent Houses (2021-2030) ($MN)
41 Global Renewable Materials in Construction Market Outlook, By Apartments (2021-2030) ($MN)
42 Global Renewable Materials in Construction Market Outlook, By Commercial (2021-2030) ($MN)
43 Global Renewable Materials in Construction Market Outlook, By Shopping malls (2021-2030) ($MN)
44 Global Renewable Materials in Construction Market Outlook, By Hospitals (2021-2030) ($MN)
45 Global Renewable Materials in Construction Market Outlook, By Corporate Offices (2021-2030) ($MN)
46 Global Renewable Materials in Construction Market Outlook, By Education Centers (2021-2030) ($MN)
47 Global Renewable Materials in Construction Market Outlook, By Hotel (2021-2030) ($MN)
48 Global Renewable Materials in Construction Market Outlook, By Industrial (2021-2030) ($MN)
49 Global Renewable Materials in Construction Market Outlook, By Manufacturing Facilities (2021-2030) ($MN)
50 Global Renewable Materials in Construction Market Outlook, By Warehouses (2021-2030) ($MN)
51 Global Renewable Materials in Construction Market Outlook, By Other End Users (2021-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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