According to the report the global alternative building materials market attained a value of USD 209.1 billion in 2022. Aided by the rising demand for sustainable construction practices and the expanding applications of these materials in various construction sectors, the market is anticipated to grow at a CAGR of 5.9% during the forecast period of 2023-2028 to attain a value of USD 297.5 billion by 2028.
Alternative building materials refer to unconventional construction materials that offer benefits like improved durability, energy efficiency, and a lesser environmental impact as compared to traditional building materials such as concrete, steel, and wood. These materials include bamboo, straw bales, recycled plastic, rammed earth, and others, and are often used in a variety of applications, including residential housing, commercial buildings, and infrastructure projects. These materials play a crucial role in promoting sustainability, resource conservation, and energy efficiency in the built environment.
The growing emphasis on sustainable construction practices is a primary driver for the global alternative building materials market growth. As the need to mitigate the environmental impact of the construction industry becomes more apparent, there has been a significant shift towards eco-friendly and sustainable construction practices. This shift has resulted in a surge in demand for alternative building materials that are renewable, recyclable, and have a lower carbon footprint.
The diverse applications of alternative building materials in various sectors also significantly contribute to the alternative building materials market expansion. In residential construction, these materials are used to build energy-efficient homes with a lower environmental impact. In commercial construction, alternative building materials are used to construct green buildings that align with corporate sustainability goals and regulations. Furthermore, in infrastructure projects, these materials are employed to build sustainable roads, bridges, and public spaces that are resilient and environmentally friendly.
The growing interest in green certifications and building codes is also boosting the alternative building materials market. With the rise of sustainability rating tools like LEED (Leadership in Energy and Environmental Design), BREEAM (Building Research Establishment Environmental Assessment Method), and Green Star, there has been an increased focus on using alternative building materials to attain higher ratings. These certifications not only reduce the environmental impact of buildings but also offer economic benefits like lower operational costs and increased property values, thereby spurring the alternative building materials market growth.
The rise of technological advancements and innovations in the field of alternative building materials also plays a crucial role in the market expansion. Innovative materials like self-healing concrete, translucent wood, and solar tiles are gaining traction due to their unique properties and benefits. These advancements are expected to further boost the alternative building materials market demand in the future.
Our high-quality, data-driven analyses provide the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today's competitive market.
Don't miss the opportunity to elevate your business intelligence and fortify your strategic planning. Secure your organisation's future success by acquiring one of these reports today.
*The publisher always strives to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
Alternative building materials refer to unconventional construction materials that offer benefits like improved durability, energy efficiency, and a lesser environmental impact as compared to traditional building materials such as concrete, steel, and wood. These materials include bamboo, straw bales, recycled plastic, rammed earth, and others, and are often used in a variety of applications, including residential housing, commercial buildings, and infrastructure projects. These materials play a crucial role in promoting sustainability, resource conservation, and energy efficiency in the built environment.
The growing emphasis on sustainable construction practices is a primary driver for the global alternative building materials market growth. As the need to mitigate the environmental impact of the construction industry becomes more apparent, there has been a significant shift towards eco-friendly and sustainable construction practices. This shift has resulted in a surge in demand for alternative building materials that are renewable, recyclable, and have a lower carbon footprint.
The diverse applications of alternative building materials in various sectors also significantly contribute to the alternative building materials market expansion. In residential construction, these materials are used to build energy-efficient homes with a lower environmental impact. In commercial construction, alternative building materials are used to construct green buildings that align with corporate sustainability goals and regulations. Furthermore, in infrastructure projects, these materials are employed to build sustainable roads, bridges, and public spaces that are resilient and environmentally friendly.
The growing interest in green certifications and building codes is also boosting the alternative building materials market. With the rise of sustainability rating tools like LEED (Leadership in Energy and Environmental Design), BREEAM (Building Research Establishment Environmental Assessment Method), and Green Star, there has been an increased focus on using alternative building materials to attain higher ratings. These certifications not only reduce the environmental impact of buildings but also offer economic benefits like lower operational costs and increased property values, thereby spurring the alternative building materials market growth.
The rise of technological advancements and innovations in the field of alternative building materials also plays a crucial role in the market expansion. Innovative materials like self-healing concrete, translucent wood, and solar tiles are gaining traction due to their unique properties and benefits. These advancements are expected to further boost the alternative building materials market demand in the future.
Market Segmentation
The market can be divided based on material, application, end user, and region.Market Breakup by Material
- Bamboo
- Recycled Plastic
- Wood
- Others
Market Breakup by Application
- Construction
- Furniture
- Flooring
Market Breakup by End User
- Residential
- Non-Residential
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global alternative building materials companies. Some of the major key players explored in the report are as follows:- Bauder Ltd
- BYFUSION GLOBAL INC
- JD Composites
- Kirei USA, LLC
- Neular OÜ
- Plasticiet
- Takataka Plastics
- Others
About the Publisher
Acquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.Our high-quality, data-driven analyses provide the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today's competitive market.
Don't miss the opportunity to elevate your business intelligence and fortify your strategic planning. Secure your organisation's future success by acquiring one of these reports today.
*The publisher always strives to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
Table of Contents
1 Preface2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Alternative Building Materials Market Analysis
8.1 Key Industry Highlights
8.2 Global Alternative Building Materials Historical Market (2018-2022)
8.3 Global Alternative Building Materials Market Forecast (2023-2028)
8.4 Global Alternative Building Materials Market by Material
8.4.1 Bamboo
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Recycled Plastic
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.4.3 Wood
8.4.3.1 Historical Trend (2018-2022)
8.4.3.2 Forecast Trend (2023-2028)
8.4.4 Others
8.5 Global Alternative Building Materials Market by Application
8.5.1 Construction
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Furniture
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 Flooring
8.5.3.1 Historical Trend (2018-2022)
8.5.3.2 Forecast Trend (2023-2028)
8.6 Global Alternative Building Materials Market by End User
8.6.1 Residential
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Non-Residential
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.7 Global Alternative Building Materials Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2022)
8.7.1.2 Forecast Trend (2023-2028)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2022)
8.7.2.2 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2022)
8.7.3.2 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2022)
8.7.4.2 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2022)
8.7.5.2 Forecast Trend (2023-2028)
9 North America Alternative Building Materials Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Alternative Building Materials Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Alternative Building Materials Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Alternative Building Materials Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Alternative Building Materials Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Bauder Ltd
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 BYFUSION GLOBAL INC
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 JD Composites
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Kirei USA, LLC
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Neular OÜ
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Plasticiet
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Takataka Plastics
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Others
16 Key Trends and Developments in the Market
Companies Mentioned
- Bauder Ltd
- BYFUSION GLOBAL INC
- JD Composites
- Kirei USA, LLC
- Neular OÜ
- Plasticiet
- Takataka Plastics
Methodology
LOADING...
