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, Gree

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

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
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
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

Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances