The Advanced Building Materials Market valued for $56,736.47 million in 2021 and is estimated to surpass 1,11,648.70 million by 2031, exhibiting a CAGR of 6.8% from 2022-2031.
Advanced building materials are cementitious building materials that can meet unique property and uniformity requirements that cannot always be met with typical raw ingredients and traditional mixing, laying, and curing procedures. The industry is primarily driven by an increase in government spending on infrastructure development, including building and infrastructure projects. Concrete and wall cladding, as well as precast materials and elements, are used in several industries, including tunnel construction. The global population is expected to increase by two billion by 2040, with urban populations increasing by 46%, resulting in a significant demand for infrastructure support such as highways, subways, tunnels, common places, and commercial infrastructures.
The need for advanced material for construction applications is being driven by the need for products with shorter production times and lower costs. In addition, using precast materials and parts as well as ready-mix concrete cuts down significantly on building time. For instance, July 2022, The industry is primarily driven by an increase in government spending on infrastructure development, including building and infrastructure projects. Concrete and wall cladding, as well as precast materials and elements, are used in several industries, including tunnel construction. The global population is expected to increase by two billion by 2040, with urban populations increasing by 46%, resulting in a significant demand for infrastructure support such as highways, subways, tunnels, common places, and commercial infrastructures.
The need for advanced material for construction applications is being driven by the need for products with shorter production times and lower costs. In addition, using precast materials and parts as well as ready-mix concrete cuts down significantly on building time. Such instances are expected to drive the growth of the advanced building materials market. The cost of producing advanced construction materials is higher than that of ordinary building materials. Advanced machinery is needed to operate on these advanced materials. Customers who do not need equipment constantly or for a long time are therefore unable to purchase such a costly gadget. In addition, not all consumers have the financial means to purchase such costly equipment. The expansion of the market is hampered by the higher cost of advanced building materials. Alternative building materials are also called green materials because they are entirely eco-friendly and produce no hazardous gases or radiation. Thus, the use of more environment-friendly building materials serves as a restraint.
The market is mainly driven by the increase in demand for infrastructure and building projects. Building of new infrastructure is becoming necessary as a result of the ongoing development of industries including highways, railways, tunnels, non-residential construction, and mining. Furthermore, cutting-edge materials like wall cladding, exterior wall cladding, concrete bricks and blocks, and sealant speed up construction. This causes the need for innovative building material components and products to increase, which opens up a significant window of opportunity for the expansion of the market in developing nations. The advanced building materials market is segmented on the basis of type, material, application and region. By type, the market is bifurcated into green materials, and technically advanced. By material, the market is divided into advanced cement & concrete, cross laminated timber, structural insulated panel, sealants, and other. By application, the market is divided into building construction and infrastructure.
Region wise, the global advanced building materials market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (the UK, France, Germany, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
Major companies in the market have adopted acquisition, partnership and business expansion as their key developmental strategies to offer better products and services to customers in the advanced building materials market.
Advanced building materials are cementitious building materials that can meet unique property and uniformity requirements that cannot always be met with typical raw ingredients and traditional mixing, laying, and curing procedures. The industry is primarily driven by an increase in government spending on infrastructure development, including building and infrastructure projects. Concrete and wall cladding, as well as precast materials and elements, are used in several industries, including tunnel construction. The global population is expected to increase by two billion by 2040, with urban populations increasing by 46%, resulting in a significant demand for infrastructure support such as highways, subways, tunnels, common places, and commercial infrastructures.
The need for advanced material for construction applications is being driven by the need for products with shorter production times and lower costs. In addition, using precast materials and parts as well as ready-mix concrete cuts down significantly on building time. For instance, July 2022, The industry is primarily driven by an increase in government spending on infrastructure development, including building and infrastructure projects. Concrete and wall cladding, as well as precast materials and elements, are used in several industries, including tunnel construction. The global population is expected to increase by two billion by 2040, with urban populations increasing by 46%, resulting in a significant demand for infrastructure support such as highways, subways, tunnels, common places, and commercial infrastructures.
The need for advanced material for construction applications is being driven by the need for products with shorter production times and lower costs. In addition, using precast materials and parts as well as ready-mix concrete cuts down significantly on building time. Such instances are expected to drive the growth of the advanced building materials market. The cost of producing advanced construction materials is higher than that of ordinary building materials. Advanced machinery is needed to operate on these advanced materials. Customers who do not need equipment constantly or for a long time are therefore unable to purchase such a costly gadget. In addition, not all consumers have the financial means to purchase such costly equipment. The expansion of the market is hampered by the higher cost of advanced building materials. Alternative building materials are also called green materials because they are entirely eco-friendly and produce no hazardous gases or radiation. Thus, the use of more environment-friendly building materials serves as a restraint.
The market is mainly driven by the increase in demand for infrastructure and building projects. Building of new infrastructure is becoming necessary as a result of the ongoing development of industries including highways, railways, tunnels, non-residential construction, and mining. Furthermore, cutting-edge materials like wall cladding, exterior wall cladding, concrete bricks and blocks, and sealant speed up construction. This causes the need for innovative building material components and products to increase, which opens up a significant window of opportunity for the expansion of the market in developing nations. The advanced building materials market is segmented on the basis of type, material, application and region. By type, the market is bifurcated into green materials, and technically advanced. By material, the market is divided into advanced cement & concrete, cross laminated timber, structural insulated panel, sealants, and other. By application, the market is divided into building construction and infrastructure.
Region wise, the global advanced building materials market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (the UK, France, Germany, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
Competition analysis
The major players profiled in the advanced building materials market include Saint-Gobain group, DowDupont Inc., Kingspan Group Plc, PPG Industries Inc., BASF SE, APV Engineered Coatings Inc., Cemex, Knauf Gips KG, Oerlikon Balzers Coating India Limited, and Sherwin-Williams Company.Major companies in the market have adopted acquisition, partnership and business expansion as their key developmental strategies to offer better products and services to customers in the advanced building materials market.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the advanced building materials market analysis from 2021 to 2031 to identify the prevailing advanced building materials market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the advanced building materials market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global advanced building materials market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Application
- Building construction
- Infrastructure
By Type
- Green materials
- Technically advanced
By Material
- Advanced cement and concrete
- Cross laminated timber
- Structural insulated panel
- Sealants
- Other
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- Italy
- UK
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- Saint-Gobain group
- DowDupont Inc.
- Kingspan Group Plc
- PPG Industries Inc.
- BASF SE
- APV Engineered Coatings Inc.
- Cemex
- Knauf Gips KG
- Oerlikon Balzers Coating India Limited
- Sherwin-Williams Company
Table of Contents
CHAPTER 1: INTRODUCTION1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Market dynamics
3.4.1. Drivers
3.4.1.1. Increase in government expenditures for infrastructural development
3.4.1.2. Need for reduced construction time and cost-effective products
3.4.1.3. Development in manufacturing technology
3.4.2. Restraints
3.4.2.1. High initial investments
3.4.2.2. Use of alternative building materials
3.4.3. Opportunities
3.4.3.1. Rapid urbanization and industrialization of emerging countries
3.5. COVID-19 Impact Analysis on the market
CHAPTER 4: ADVANCED BUILDING MATERIALS MARKET, BY TYPE
4.1 Overview
4.1.1 Market size and forecast
4.2. Green materials
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market share analysis by country
4.3. Technically advanced
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market share analysis by country
CHAPTER 5: ADVANCED BUILDING MATERIALS MARKET, BY MATERIAL
5.1 Overview
5.1.1 Market size and forecast
5.2. Advanced cement and concrete
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market share analysis by country
5.3. Cross laminated timber
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market share analysis by country
5.4. Structural insulated panel
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market share analysis by country
5.5. Sealants
5.5.1 Key market trends, growth factors and opportunities
5.5.2 Market size and forecast, by region
5.5.3 Market share analysis by country
5.6. Other
5.6.1 Key market trends, growth factors and opportunities
5.6.2 Market size and forecast, by region
5.6.3 Market share analysis by country
CHAPTER 6: ADVANCED BUILDING MATERIALS MARKET, BY APPLICATION
6.1 Overview
6.1.1 Market size and forecast
6.2. Building construction
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market share analysis by country
6.3. Infrastructure
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market share analysis by country
CHAPTER 7: ADVANCED BUILDING MATERIALS MARKET, BY REGION
7.1 Overview
7.1.1 Market size and forecast
7.2 North America
7.2.1 Key trends and opportunities
7.2.2 North America Market size and forecast, by Type
7.2.3 North America Market size and forecast, by Material
7.2.4 North America Market size and forecast, by Application
7.2.5 North America Market size and forecast, by country
7.2.5.1 U.S.
7.2.5.1.1 Key market trends, growth factors and opportunities
7.2.5.1.2 Market size and forecast, by Type
7.2.5.1.3 Market size and forecast, by Material
7.2.5.1.4 Market size and forecast, by Application
7.2.5.2 Canada
7.2.5.2.1 Key market trends, growth factors and opportunities
7.2.5.2.2 Market size and forecast, by Type
7.2.5.2.3 Market size and forecast, by Material
7.2.5.2.4 Market size and forecast, by Application
7.2.5.3 Mexico
7.2.5.3.1 Key market trends, growth factors and opportunities
7.2.5.3.2 Market size and forecast, by Type
7.2.5.3.3 Market size and forecast, by Material
7.2.5.3.4 Market size and forecast, by Application
7.3 Europe
7.3.1 Key trends and opportunities
7.3.2 Europe Market size and forecast, by Type
7.3.3 Europe Market size and forecast, by Material
7.3.4 Europe Market size and forecast, by Application
7.3.5 Europe Market size and forecast, by country
7.3.5.1 Germany
7.3.5.1.1 Key market trends, growth factors and opportunities
7.3.5.1.2 Market size and forecast, by Type
7.3.5.1.3 Market size and forecast, by Material
7.3.5.1.4 Market size and forecast, by Application
7.3.5.2 France
7.3.5.2.1 Key market trends, growth factors and opportunities
7.3.5.2.2 Market size and forecast, by Type
7.3.5.2.3 Market size and forecast, by Material
7.3.5.2.4 Market size and forecast, by Application
7.3.5.3 Italy
7.3.5.3.1 Key market trends, growth factors and opportunities
7.3.5.3.2 Market size and forecast, by Type
7.3.5.3.3 Market size and forecast, by Material
7.3.5.3.4 Market size and forecast, by Application
7.3.5.4 UK
7.3.5.4.1 Key market trends, growth factors and opportunities
7.3.5.4.2 Market size and forecast, by Type
7.3.5.4.3 Market size and forecast, by Material
7.3.5.4.4 Market size and forecast, by Application
7.3.5.5 Rest of Europe
7.3.5.5.1 Key market trends, growth factors and opportunities
7.3.5.5.2 Market size and forecast, by Type
7.3.5.5.3 Market size and forecast, by Material
7.3.5.5.4 Market size and forecast, by Application
7.4 Asia-Pacific
7.4.1 Key trends and opportunities
7.4.2 Asia-Pacific Market size and forecast, by Type
7.4.3 Asia-Pacific Market size and forecast, by Material
7.4.4 Asia-Pacific Market size and forecast, by Application
7.4.5 Asia-Pacific Market size and forecast, by country
7.4.5.1 China
7.4.5.1.1 Key market trends, growth factors and opportunities
7.4.5.1.2 Market size and forecast, by Type
7.4.5.1.3 Market size and forecast, by Material
7.4.5.1.4 Market size and forecast, by Application
7.4.5.2 Japan
7.4.5.2.1 Key market trends, growth factors and opportunities
7.4.5.2.2 Market size and forecast, by Type
7.4.5.2.3 Market size and forecast, by Material
7.4.5.2.4 Market size and forecast, by Application
7.4.5.3 India
7.4.5.3.1 Key market trends, growth factors and opportunities
7.4.5.3.2 Market size and forecast, by Type
7.4.5.3.3 Market size and forecast, by Material
7.4.5.3.4 Market size and forecast, by Application
7.4.5.4 South Korea
7.4.5.4.1 Key market trends, growth factors and opportunities
7.4.5.4.2 Market size and forecast, by Type
7.4.5.4.3 Market size and forecast, by Material
7.4.5.4.4 Market size and forecast, by Application
7.4.5.5 Rest of Asia-Pacific
7.4.5.5.1 Key market trends, growth factors and opportunities
7.4.5.5.2 Market size and forecast, by Type
7.4.5.5.3 Market size and forecast, by Material
7.4.5.5.4 Market size and forecast, by Application
7.5 LAMEA
7.5.1 Key trends and opportunities
7.5.2 LAMEA Market size and forecast, by Type
7.5.3 LAMEA Market size and forecast, by Material
7.5.4 LAMEA Market size and forecast, by Application
7.5.5 LAMEA Market size and forecast, by country
7.5.5.1 Latin America
7.5.5.1.1 Key market trends, growth factors and opportunities
7.5.5.1.2 Market size and forecast, by Type
7.5.5.1.3 Market size and forecast, by Material
7.5.5.1.4 Market size and forecast, by Application
7.5.5.2 Middle East
7.5.5.2.1 Key market trends, growth factors and opportunities
7.5.5.2.2 Market size and forecast, by Type
7.5.5.2.3 Market size and forecast, by Material
7.5.5.2.4 Market size and forecast, by Application
7.5.5.3 Africa
7.5.5.3.1 Key market trends, growth factors and opportunities
7.5.5.3.2 Market size and forecast, by Type
7.5.5.3.3 Market size and forecast, by Material
7.5.5.3.4 Market size and forecast, by Application
CHAPTER 8: COMPETITIVE LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Top player positioning, 2021
CHAPTER 9: COMPANY PROFILES
9.1 Saint-Gobain group
9.1.1 Company overview
9.1.2 Key Executives
9.1.3 Company snapshot
9.1.4 Operating business segments
9.1.5 Product portfolio
9.1.6 Business performance
9.1.7 Key strategic moves and developments
9.2 DowDupont Inc.
9.2.1 Company overview
9.2.2 Key Executives
9.2.3 Company snapshot
9.2.4 Operating business segments
9.2.5 Product portfolio
9.2.6 Business performance
9.2.7 Key strategic moves and developments
9.3 Kingspan Group Plc
9.3.1 Company overview
9.3.2 Key Executives
9.3.3 Company snapshot
9.3.4 Operating business segments
9.3.5 Product portfolio
9.3.6 Business performance
9.3.7 Key strategic moves and developments
9.4 PPG Industries Inc.
9.4.1 Company overview
9.4.2 Key Executives
9.4.3 Company snapshot
9.4.4 Operating business segments
9.4.5 Product portfolio
9.4.6 Business performance
9.4.7 Key strategic moves and developments
9.5 BASF SE
9.5.1 Company overview
9.5.2 Key Executives
9.5.3 Company snapshot
9.5.4 Operating business segments
9.5.5 Product portfolio
9.5.6 Business performance
9.5.7 Key strategic moves and developments
9.6 APV Engineered Coatings Inc.
9.6.1 Company overview
9.6.2 Key Executives
9.6.3 Company snapshot
9.6.4 Operating business segments
9.6.5 Product portfolio
9.6.6 Business performance
9.6.7 Key strategic moves and developments
9.7 Cemex
9.7.1 Company overview
9.7.2 Key Executives
9.7.3 Company snapshot
9.7.4 Operating business segments
9.7.5 Product portfolio
9.7.6 Business performance
9.7.7 Key strategic moves and developments
9.8 Knauf Gips KG
9.8.1 Company overview
9.8.2 Key Executives
9.8.3 Company snapshot
9.8.4 Operating business segments
9.8.5 Product portfolio
9.8.6 Business performance
9.8.7 Key strategic moves and developments
9.9 Oerlikon Balzers Coating India Limited
9.9.1 Company overview
9.9.2 Key Executives
9.9.3 Company snapshot
9.9.4 Operating business segments
9.9.5 Product portfolio
9.9.6 Business performance
9.9.7 Key strategic moves and developments
9.10 Sherwin-Williams Company
9.10.1 Company overview
9.10.2 Key Executives
9.10.3 Company snapshot
9.10.4 Operating business segments
9.10.5 Product portfolio
9.10.6 Business performance
9.10.7 Key strategic moves and developments
List of Tables
Table 1. Global Advanced Building Materials Market, by Type, 2021-2031 (Revenue, $Million)
Table 2. Advanced Building Materials Market for Green Materials, by Region, 2021-2031 (Revenue, $Million)
Table 3. Advanced Building Materials Market for Technically Advanced, by Region, 2021-2031 (Revenue, $Million)
Table 4. Global Advanced Building Materials Market, by Material, 2021-2031 (Revenue, $Million)
Table 5. Advanced Building Materials Market for Advanced Cement and Concrete, by Region, 2021-2031 (Revenue, $Million)
Table 6. Advanced Building Materials Market for Cross Laminated Timber, by Region, 2021-2031 (Revenue, $Million)
Table 7. Advanced Building Materials Market for Structural Insulated Panel, by Region, 2021-2031 (Revenue, $Million)
Table 8. Advanced Building Materials Market for Sealants, by Region, 2021-2031 (Revenue, $Million)
Table 9. Advanced Building Materials Market for Other, by Region, 2021-2031 (Revenue, $Million)
Table 10. Global Advanced Building Materials Market, by Application, 2021-2031 (Revenue, $Million)
Table 11. Advanced Building Materials Market for Building Construction, by Region, 2021-2031 (Revenue, $Million)
Table 12. Advanced Building Materials Market for Infrastructure, by Region, 2021-2031 (Revenue, $Million)
Table 13. Advanced Building Materials Market, by Region, 2021-2031 (Revenue, $Million)
Table 14. North America Advanced Building Materials Market, by Type, 2021-2031 (Revenue, $Million)
Table 15. North America Advanced Building Materials Market, by Material, 2021-2031 (Revenue, $Million)
Table 16. North America Advanced Building Materials Market, by Application, 2021-2031 (Revenue, $Million)
Table 17. North America Advanced Building Materials Market, by Country, 2021-2031 (Revenue, $Million)
Table 18. U.S. Advanced Building Materials Market, by Type, 2021-2031 (Revenue, $Million)
Table 19. U.S. Advanced Building Materials Market, by Material, 2021-2031 (Revenue, $Million)
Table 20. U.S. Advanced Building Materials Market, by Application, 2021-2031 (Revenue, $Million)
Table 21. Canada Advanced Building Materials Market, by Type, 2021-2031 (Revenue, $Million)
Table 22. Canada Advanced Building Materials Market, by Material, 2021-2031 (Revenue, $Million)
Table 23. Canada Advanced Building Materials Market, by Application, 2021-2031 (Revenue, $Million)
Table 24. Mexico Advanced Building Materials Market, by Type, 2021-2031 (Revenue, $Million)
Table 25. Mexico Advanced Building Materials Market, by Material, 2021-2031 (Revenue, $Million)
Table 26. Mexico Advanced Building Materials Market, by Application, 2021-2031 (Revenue, $Million)
Table 27. Europe Advanced Building Materials Market, by Type, 2021-2031 (Revenue, $Million)
Table 28. Europe Advanced Building Materials Market, by Material, 2021-2031 (Revenue, $Million)
Table 29. Europe Advanced Building Materials Market, by Application, 2021-2031 (Revenue, $Million)
Table 30. Europe Advanced Building Materials Market, by Country, 2021-2031 (Revenue, $Million)
Table 31. Germany Advanced Building Materials Market, by Type, 2021-2031 (Revenue, $Million)
Table 32. Germany Advanced Building Materials Market, by Material, 2021-2031 (Revenue, $Million)
Table 33. Germany Advanced Building Materials Market, by Application, 2021-2031 (Revenue, $Million)
Table 34. France Advanced Building Materials Market, by Type, 2021-2031 (Revenue, $Million)
Table 35. France Advanced Building Materials Market, by Material, 2021-2031 (Revenue, $Million)
Table 36. France Advanced Building Materials Market, by Application, 2021-2031 (Revenue, $Million)
Table 37. Italy Advanced Building Materials Market, by Type, 2021-2031 (Revenue, $Million)
Table 38. Italy Advanced Building Materials Market, by Material, 2021-2031 (Revenue, $Million)
Table 39. Italy Advanced Building Materials Market, by Application, 2021-2031 (Revenue, $Million)
Table 40. UK Advanced Building Materials Market, by Type, 2021-2031 (Revenue, $Million)
Table 41. UK Advanced Building Materials Market, by Material, 2021-2031 (Revenue, $Million)
Table 42. UK Advanced Building Materials Market, by Application, 2021-2031 (Revenue, $Million)
Table 43. Rest of Europe Advanced Building Materials Market, by Type, 2021-2031 (Revenue, $Million)
Table 44. Rest of Europe Advanced Building Materials Market, by Material, 2021-2031 (Revenue, $Million)
Table 45. Rest of Europe Advanced Building Materials Market, by Application, 2021-2031 (Revenue, $Million)
Table 46. Asia-Pacific Advanced Building Materials Market, by Type, 2021-2031 (Revenue, $Million)
Table 47. Asia-Pacific Advanced Building Materials Market, by Material, 2021-2031 (Revenue, $Million)
Table 48. Asia-Pacific Advanced Building Materials Market, by Application, 2021-2031 (Revenue, $Million)
Table 49. Asia-Pacific Advanced Building Materials Market, by Country, 2021-2031 (Revenue, $Million)
Table 50. China Advanced Building Materials Market, by Type, 2021-2031 (Revenue, $Million)
Table 51. China Advanced Building Materials Market, by Material, 2021-2031 (Revenue, $Million)
Table 52. China Advanced Building Materials Market, by Application, 2021-2031 (Revenue, $Million)
Table 53. Japan Advanced Building Materials Market, by Type, 2021-2031 (Revenue, $Million)
Table 54. Japan Advanced Building Materials Market, by Material, 2021-2031 (Revenue, $Million)
Table 55. Japan Advanced Building Materials Market, by Application, 2021-2031 (Revenue, $Million)
Table 56. India Advanced Building Materials Market, by Type, 2021-2031 (Revenue, $Million)
Table 57. India Advanced Building Materials Market, by Material, 2021-2031 (Revenue, $Million)
Table 58. India Advanced Building Materials Market, by Application, 2021-2031 (Revenue, $Million)
Table 59. South Korea Advanced Building Materials Market, by Type, 2021-2031 (Revenue, $Million)
Table 60. South Korea Advanced Building Materials Market, by Material, 2021-2031 (Revenue, $Million)
Table 61. South Korea Advanced Building Materials Market, by Application, 2021-2031 (Revenue, $Million)
Table 62. Rest of Asia-Pacific Advanced Building Materials Market, by Type, 2021-2031 (Revenue, $Million)
Table 63. Rest of Asia-Pacific Advanced Building Materials Market, by Material, 2021-2031 (Revenue, $Million)
Table 64. Rest of Asia-Pacific Advanced Building Materials Market, by Application, 2021-2031 (Revenue, $Million)
Table 65. LAMEA Advanced Building Materials Market, by Type, 2021-2031 (Revenue, $Million)
Table 66. LAMEA Advanced Building Materials Market, by Material, 2021-2031 (Revenue, $Million)
Table 67. LAMEA Advanced Building Materials Market, by Application, 2021-2031 (Revenue, $Million)
Table 68. LAMEA Advanced Building Materials Market, by Country, 2021-2031 (Revenue, $Million)
Table 69. Latin America Advanced Building Materials Market, by Type, 2021-2031 (Revenue, $Million)
Table 70. Latin America Advanced Building Materials Market, by Material, 2021-2031 (Revenue, $Million)
Table 71. Latin America Advanced Building Materials Market, by Application, 2021-2031 (Revenue, $Million)
Table 72. Middle East Advanced Building Materials Market, by Type, 2021-2031 (Revenue, $Million)
Table 73. Middle East Advanced Building Materials Market, by Material, 2021-2031 (Revenue, $Million)
Table 74. Middle East Advanced Building Materials Market, by Application, 2021-2031 (Revenue, $Million)
Table 75. Africa Advanced Building Materials Market, by Type, 2021-2031 (Revenue, $Million)
Table 76. Africa Advanced Building Materials Market, by Material, 2021-2031 (Revenue, $Million)
Table 77. Africa Advanced Building Materials Market, by Application, 2021-2031 (Revenue, $Million)
Table 78. Saint-Gobain Group: Key Executives
Table 79. Saint-Gobain Group: Company Snapshot
Table 80. Saint-Gobain Group: Operating Segments
Table 81. Saint-Gobain Group: Product Portfolio
Table 82. Saint-Gobain Group: Net Sales
Table 83. Saint-Gobain Group: Key Stratergies
Table 84. Dowdupont Inc.: Key Executives
Table 85. Dowdupont Inc.: Company Snapshot
Table 86. Dowdupont Inc.: Operating Segments
Table 87. Dowdupont Inc.: Product Portfolio
Table 88. Dowdupont Inc.: Net Sales
Table 89. Dowdupont Inc.: Key Stratergies
Table 90. Kingspan Group plc: Key Executives
Table 91. Kingspan Group plc: Company Snapshot
Table 92. Kingspan Group plc: Operating Segments
Table 93. Kingspan Group plc: Product Portfolio
Table 94. Kingspan Group plc: Net Sales
Table 95. Kingspan Group plc: Key Stratergies
Table 96. Ppg Industries Inc.: Key Executives
Table 97. Ppg Industries Inc.: Company Snapshot
Table 98. Ppg Industries Inc.: Operating Segments
Table 99. Ppg Industries Inc.: Product Portfolio
Table 100. Ppg Industries Inc.: Net Sales
Table 101. Ppg Industries Inc.: Key Stratergies
Table 102. Basf Se: Key Executives
Table 103. Basf Se: Company Snapshot
Table 104. Basf Se: Operating Segments
Table 105. Basf Se: Product Portfolio
Table 106. Basf Se: Net Sales
Table 107. Basf Se: Key Stratergies
Table 108. Apv Engineered Coatings Inc.: Key Executives
Table 109. Apv Engineered Coatings Inc.: Company Snapshot
Table 110. Apv Engineered Coatings Inc.: Operating Segments
Table 111. Apv Engineered Coatings Inc.: Product Portfolio
Table 112. Apv Engineered Coatings Inc.: Net Sales
Table 113. Apv Engineered Coatings Inc.: Key Stratergies
Table 114. Cemex: Key Executives
Table 115. Cemex: Company Snapshot
Table 116. Cemex: Operating Segments
Table 117. Cemex: Product Portfolio
Table 118. Cemex: Net Sales
Table 119. Cemex: Key Stratergies
Table 120. Knauf Gips Kg: Key Executives
Table 121. Knauf Gips Kg: Company Snapshot
Table 122. Knauf Gips Kg: Operating Segments
Table 123. Knauf Gips Kg: Product Portfolio
Table 124. Knauf Gips Kg: Net Sales
Table 125. Knauf Gips Kg: Key Stratergies
Table 126. Oerlikon Balzers Coating India Limited: Key Executives
Table 127. Oerlikon Balzers Coating India Limited: Company Snapshot
Table 128. Oerlikon Balzers Coating India Limited: Operating Segments
Table 129. Oerlikon Balzers Coating India Limited: Product Portfolio
Table 130. Oerlikon Balzers Coating India Limited: Net Sales
Table 131. Oerlikon Balzers Coating India Limited: Key Stratergies
Table 132. Sherwin-Williams Company: Key Executives
Table 133. Sherwin-Williams Company: Company Snapshot
Table 134. Sherwin-Williams Company: Operating Segments
Table 135. Sherwin-Williams Company: Product Portfolio
Table 136. Sherwin-Williams Company: Net Sales
Table 137. Sherwin-Williams Company: Key Stratergies
List of Figures
Figure 1. Segmentation of Advanced Building Materials Market, 2021-2031
Figure 2. Advanced Building Materials Market, 2021-2031
Figure 3. Top Investment Pockets, by Region
Figure 4. Porter Five-1
Figure 5. Porter Five-2
Figure 6. Porter Five-3
Figure 7. Porter Five-4
Figure 8. Porter Five-5
Figure 9. Advanced Building Materials Market: Drivers, Restraints and Opportunities
Figure 10. Advanced Building Materials Market, by Type, 2021 (%)
Figure 11. Comparative Share Analysis of Green Materials Advanced Building Materials Market, 2021 and 2031 (%)
Figure 12. Comparative Share Analysis of Technically Advanced Advanced Building Materials Market, 2021 and 2031 (%)
Figure 13. Advanced Building Materials Market, by Material, 2021 (%)
Figure 14. Comparative Share Analysis of Advanced Cement and Concrete Advanced Building Materials Market, 2021 and 2031 (%)
Figure 15. Comparative Share Analysis of Cross Laminated Timber Advanced Building Materials Market, 2021 and 2031 (%)
Figure 16. Comparative Share Analysis of Structural Insulated Panel Advanced Building Materials Market, 2021 and 2031 (%)
Figure 17. Comparative Share Analysis of Sealants Advanced Building Materials Market, 2021 and 2031 (%)
Figure 18. Comparative Share Analysis of Other Advanced Building Materials Market, 2021 and 2031 (%)
Figure 19. Advanced Building Materials Market, by Application, 2021 (%)
Figure 20. Comparative Share Analysis of Building Construction Advanced Building Materials Market, 2021 and 2031 (%)
Figure 21. Comparative Share Analysis of Infrastructure Advanced Building Materials Market, 2021 and 2031 (%)
Figure 22. Advanced Building Materials Market by Region, 2021
Figure 23. U.S. Advanced Building Materials Market, 2021-2031 ($Million)
Figure 24. Canada Advanced Building Materials Market, 2021-2031 ($Million)
Figure 25. Mexico Advanced Building Materials Market, 2021-2031 ($Million)
Figure 26. Germany Advanced Building Materials Market, 2021-2031 ($Million)
Figure 27. France Advanced Building Materials Market, 2021-2031 ($Million)
Figure 28. Italy Advanced Building Materials Market, 2021-2031 ($Million)
Figure 29. UK Advanced Building Materials Market, 2021-2031 ($Million)
Figure 30. Rest of Europe Advanced Building Materials Market, 2021-2031 ($Million)
Figure 31. China Advanced Building Materials Market, 2021-2031 ($Million)
Figure 32. Japan Advanced Building Materials Market, 2021-2031 ($Million)
Figure 33. India Advanced Building Materials Market, 2021-2031 ($Million)
Figure 34. South Korea Advanced Building Materials Market, 2021-2031 ($Million)
Figure 35. Rest of Asia-Pacific Advanced Building Materials Market, 2021-2031 ($Million)
Figure 36. Latin America Advanced Building Materials Market, 2021-2031 ($Million)
Figure 37. Middle East Advanced Building Materials Market, 2021-2031 ($Million)
Figure 38. Africa Advanced Building Materials Market, 2021-2031 ($Million)
Figure 39. Top Winning Strategies, by Year
Figure 40. Top Winning Strategies, by Development
Figure 41. Top Winning Strategies, by Company
Figure 42. Product Mapping of Top 10 Players
Figure 43. Competitive Dashboard
Figure 44. Competitive Heatmap of Top 10 Key Players
Figure 45. Top Player Positioning, 2021
Figure 46. Saint-Gobain Group.: Net Sales ($Million)
Figure 47. Dowdupont Inc..: Net Sales ($Million)
Figure 48. Kingspan Group plc.: Net Sales ($Million)
Figure 49. Ppg Industries Inc..: Net Sales ($Million)
Figure 50. Basf Se.: Net Sales ($Million)
Figure 51. Apv Engineered Coatings Inc..: Net Sales ($Million)
Figure 52. Cemex.: Net Sales ($Million)
Figure 53. Knauf Gips Kg.: Net Sales ($Million)
Figure 54. Oerlikon Balzers Coating India Limited.: Net Sales ($Million)
Figure 55. Sherwin-Williams Company.: Net Sales ($Million)
Executive Summary
According to the report titled, “Advanced Building Materials Market," The advanced building materials market was valued at $56.7 billion in 2021, and is estimated to reach $111.7 billion by 2031, growing at a CAGR of 6.8% from 2022 to 2031.Advanced building materials include concrete brick & block, sealant, wall cladding and other materials which reduces the construction time of the project. These materials have high efficiency, strength and high performance compared to other traditional materials. Advanced building materials are materials with more efficiency, performance and strength than traditional materials. Increase in government expenditure for infrastructural development, such as improvement of infrastructure, roads and bridges, is expected to increase the demand for advanced construction materials. Growth in demand for construction & infrastructure developments largely drives the market growth. In addition, need for reduced construction time and cost-effective products is increasing demand for advance material for building. Advancement in manufacturing technology of advance building material is another driving factor for the market. Moreover, high initial investment in machines of advance building material and use of alternative materials for construction hinder the market growth. Furthermore, rise in demand for construction & infrastructure developments largely drives the market. Industries, such as roads & railways, tunnels, residential & non-residential construction, and mining, are continuously developing, which, in turn, is creating the need for construction of new infrastructure. Such instances are expected to offer lucrative opportunities during the forecast period.
Rising population is driving the demand of the market, by 2040, there will be an additional two billion people on the planet, with metropolitan populations estimated to grow by 46%, creating a substantial need for infrastructure such roads, subways, tunnels, public spaces, and commercial infrastructure. The demand for products with faster manufacturing timelines and cheaper production costs is what is driving the demand for innovative materials for building applications. The use of ready-mix concrete and precast components also considerably reduces construction time. For instance, in August 2022, CEMEX extended its Jamaican production facility through this business development, increasing the facility's capacity to produce cement by up to 30%. Additionally, the expansion of the business is mostly driven by a rise in government spending on infrastructure projects like building and infrastructure improvements. Several sectors, including tunnel construction, use precast materials and elements, concrete, and wall cladding.
Additionally, alternative building materials are green materials that are totally eco-friendly and produce no harmful emissions or radiation. Increased use of environmentally friendly building materials therefore serves as a brake. In addition, the outbreak of COVID-19 has led to halt in logistic and manufacturing activities across the globe, which, in turn, has led to interruption of supply chain, thereby hindering growth of the advanced building materials market. However, this situation is expected to improve as government is relaxing norms around the world for resuming business activities.
Increased demand for construction and infrastructure projects is the main factor driving market growth. The continual development of industries including highways, railways, tunnels, residential and commercial building, and mining makes the construction of new infrastructure imperative. The construction process is also improved by modern materials including sealant, concrete bricks and blocks, external wall cladding, and wall cladding. This results in a rise in the demand for cutting-edge construction material components and goods, which creates a sizable window of opportunity for the market's expansion in developing countries.
The advanced building materials market is segmented on the basis of type, material, application and region. By type, the market is bifurcated into green materials, and technically advanced. By material, the market is divided into advanced cement & concrete, cross laminated timber, structural insulated panel, sealants, and other. By application, the market is divided into building construction and infrastructure. On the basis of region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Competition Analysis
The major players profiled in the advanced building materials market include Saint-Gobain group, DowDupont Inc., Kingspan Group Plc, PPG Industries Inc., BASF SE, APV Engineered Coatings Inc., Cemex, Knauf Gips KG, Oerlikon Balzers Coating India Limited, and Sherwin-Williams Company.Key Findings of the Study
The report provides an extensive analysis of the current and emerging global advanced building materials market trends and dynamics.Depending on type, the technically advanced segment was the largest revenue generator in 2021.
- By material, the advanced cement & concrete segment generated the highest revenue in 2021.
- Based on application, the building construction segment dominated the market in 2021.
- Region wise, Asia-Pacific dominated the market in 2021. And LAMEA anticipated to exhibit the highest CAGR in the global advanced building materials market throughout the study period.
- The report provides an extensive analysis of the global advanced building materials market trends and emerging opportunities of the market.
- The global advanced building materials market forecast analysis from 2022 to 2031 is included in the report.
Companies Mentioned
- Saint-Gobain group
- DowDupont Inc.
- Kingspan Group Plc
- PPG Industries Inc.
- BASF SE
- APV Engineered Coatings Inc.
- Cemex
- Knauf Gips KG
- Oerlikon Balzers Coating India Limited
- Sherwin-Williams Company
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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