Advanced Building Materials

Advanced Building Materials

Global Advanced Building Materials Market to Reach US$87.1 Billion by 2030

The global market for Advanced Building Materials estimated at US$62.7 Billion in the year 2023, is expected to reach US$87.1 Billion by 2030, growing at a CAGR of 4.8% over the analysis period 2023-2030. Advanced Cement & Concrete, one of the segments analyzed in the report, is expected to record a 5.0% CAGR and reach US$55.7 Billion by the end of the analysis period. Growth in the Sealants segment is estimated at 6.0% CAGR over the analysis period.

The U.S. Market is Estimated at US$17.1 Billion While China is Forecast to Grow at 7.9% CAGR

The Advanced Building Materials market in the U.S. is estimated at US$17.1 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$17.9 Billion by the year 2030 trailing a CAGR of 7.9% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 1.8% and 5.0% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.9% CAGR.

Global Advanced Building Materials Market - Key Trends & Drivers Summarized

Why Are Advanced Building Materials Transforming the Construction Industry?

Advanced building materials are revolutionizing the construction industry by offering innovative solutions that improve the durability, energy efficiency, and sustainability of buildings. These materials, which include high-performance concrete, smart glass, insulation materials, and composites, are designed to meet the evolving needs of modern construction, addressing challenges such as climate change, urbanization, and resource scarcity. Advanced building materials not only enhance the structural integrity and lifespan of buildings but also contribute to reducing energy consumption, lowering greenhouse gas emissions, and minimizing environmental impact. As the construction industry increasingly focuses on sustainability and resilience, the demand for advanced building materials is growing rapidly.

How Has the Advanced Building Materials Market Evolved?

The market for advanced building materials has evolved significantly, driven by technological advancements, regulatory changes, and the growing emphasis on sustainable construction practices. Initially, the use of advanced materials was limited to high-profile projects or niche applications due to their higher costs and limited availability. However, as the benefits of these materials have become more widely recognized and manufacturing processes have improved, their adoption has expanded to a broader range of construction projects. The development of new materials with enhanced properties, such as self-healing concrete, phase-change materials for energy storage, and bio-based composites, has further driven market growth. Additionally, the increasing focus on green building certifications, such as LEED and BREEAM, has contributed to the demand for advanced building materials, as these certifications require the use of sustainable and energy-efficient materials. The growing awareness of climate change and the need to reduce the carbon footprint of buildings have also played a significant role in the evolution of the market.

What Are the Latest Innovations and Applications in Advanced Building Materials?

Several emerging trends and innovations are shaping the advanced building materials market, offering new opportunities for enhancing the performance, sustainability, and aesthetics of buildings. One significant trend is the development of smart materials that can respond to environmental changes, such as thermochromic glass that adjusts its transparency based on temperature or light conditions, improving energy efficiency and comfort. Another important innovation is the use of recycled and bio-based materials, which help reduce the environmental impact of construction by minimizing the use of virgin resources and reducing waste. The growing demand for energy-efficient buildings is also driving the development of advanced insulation materials, such as aerogels and vacuum insulation panels, which offer superior thermal performance while reducing the thickness of building envelopes. The use of 3D printing technology in construction is another emerging trend, enabling the creation of complex structures and custom components using advanced materials with minimal waste and lower costs. Additionally, the integration of advanced materials into modular and prefabricated construction systems is gaining traction, offering faster construction times, improved quality control, and reduced environmental impact.

What Factors Are Driving the Growth of the Advanced Building Materials Market?

The growth in the advanced building materials market is driven by several key factors that are reshaping the construction industry and expanding the adoption of innovative materials. One of the primary drivers is the increasing emphasis on sustainability and the need to reduce the environmental impact of construction activities. The demand for energy-efficient and resilient buildings is also driving the adoption of advanced materials that enhance the performance and longevity of structures. Additionally, the growing urbanization and the need for affordable and sustainable housing solutions are contributing to market growth, as advanced building materials offer innovative solutions for addressing these challenges. The ongoing advancements in material science and manufacturing technologies are further fueling market growth by enabling the development of new materials with enhanced properties and lower costs. These factors, combined with the increasing focus on green building certifications and the need to comply with stringent environmental regulations, are expected to sustain the growth of the advanced building materials market in the coming years.

Select Competitors (Total 36 Featured) -

• 3M Company
• APV Engineered Coatings
• BASF Corporation
• Carlisle Construction Materials LLC (CCM)
• Cemex, S.A.B. de C.V.
• Dow, Inc.
• Henkel Corporation
• Holcim Ltd
• Kingspan Group PLC
• Knauf Digital GmbH
• Marmoline
• Owens Corning
• Standard Industries, Inc.
• UltraTech Cement Ltd.
• Winkler Srl;

Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

The latest version of Adobe Acrobat Reader is required to view the report. Upon ordering an electronic version, the Publisher will provide a link to download the purchased report.

Prior to fulfillment of an order, the client will be required to sign a document detailing the purchase terms for a publication from this publisher.