Market Size – The low carbon construction material market size has grown strongly in recent years. It will grow from $238.58 billion in 2023 to $259.42 billion in 2024 at a compound annual growth rate (CAGR) of 8.7%. The growth in the historic period can be attributed to increase demand from the building and construction, increase in adoption of sustainable products, increase demand for eco-friendly building solutions, increase demand for sustainable building materials, and increase in environmental awareness and regulations.
The low carbon construction material market size is expected to see strong growth in the next few years. It will grow to $367.32 billion in 2028 at a compound annual growth rate (CAGR) of 9.1%. The growth in the forecast period can be attributed to growing public and corporate awareness of climate change, increasing regulations, growing preference for eco-friendly and sustainable building solutions, increasingly focusing on sustainability and environmental infrastructure, and increasing construction activities. Major trends in the forecast period include adoption of green building standards, advancements in material technology, advancements in material science, technological integration, innovation in sustainable construction materials, and adoption of innovative sustainable solutions.
Order your report now for swift delivery @ https://www.thebusinessresearchcompany.com/report/low-carbon-construction-materials-global-market-report
Scope Of Low Carbon Construction Materials MarketThe Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Low Carbon Construction Materials Market Overview
Market Drivers –The increasing demand for new homes is expected to propel the growth of the low-carbon construction materials market in the foreseeable future. This demand is driven by factors such as population growth, urbanization, and a desire for modern amenities and personalized living spaces. The utilization of low-carbon construction materials is essential for new homes as it helps to reduce greenhouse gas emissions, minimize environmental impacts, and support sustainable building practices. For example, in July 2023, the Australian Bureau of Statistics, an Australian government agency, reported a 1.3% increase in the number of dwellings under construction, totaling 240,813 in the March quarter, compared to 195,201 in March 2021, with new houses accounting for 103,778 of the dwellings currently under construction. Therefore, the rising demand for new homes is driving the growth of the low-carbon construction materials market through 2023, into 2024, and expectedly continuing into 2028.
Market Trends – Major companies operating in the low-carbon construction material market are focused on developing technologically advanced products, such as energy-efficient glasses, to reduce environmental impact while maintaining high performance. Energy-efficient glass is a glazing design that minimizes heat loss or gain, enhances thermal insulation, and improves energy conservation in buildings. For instance, in June 2023, Saint-Gobain India, an India-based construction company, launched low-carbon glass. This innovative glass substrate from Saint Gobain Glass India is designed to cut carbon emissions by about 40% compared to their existing products. Despite its reduced carbon footprint, it maintains the same high technical, quality, and aesthetic standards as traditional glass. Soon to be added to the energy-efficient glass portfolio, this new product will significantly lower embodied carbon in buildings and improve operational energy efficiency.
The low carbon construction materials market covered in this report is segmented –
1) By Material: Plastic, Metal, Mass Timber, Green Concrete, Green Tiles, Low-Carbon Bricks, Other Materials
2) By Application: Residential, Commercial, Industrial, Other Applications
3) By End-User: Repair And Maintenance Activities, New Construction Activities
Get an inside scoop of the low carbon construction materials market, Request now for Sample Report @ https://www.thebusinessresearchcompany.com/sample.aspx?id=18815&type=smp
Regional Insights – Asia-Pacific was the largest region in the low carbon construction material market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the low carbon construction materials market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies – Major companies in the market are ArcelorMittal S.A., POSCO, Nippon Steel Corporation, Rio Tinto Group, Nucor Corporation, Holcim Limited, Tata Steel Limited, Hesteel Group Company Limited, Steel Dynamics Inc., China Hongqiao Group Limited, Norsk Hydro ASA, CEMEX S.A.B. de C.V., Vedanta Limited, Gerdau S/A, EN+ Group plc, Stora Enso Oyj, Commercial Metals Company, LIBERTY Steel Group, CelsaGroup, Kenoteq Ltd., CarbonCure Technologies Inc., Roca Tile USA, Mercer Mass Timber LLC, Plantd Inc., CarbiCrete
Table of Contents 1. Executive Summary2. Low Carbon Construction Materials Market Report Structure3. Low Carbon Construction Materials Market Trends And Strategies4. Low Carbon Construction Materials Market – Macro Economic Scenario5. Low Carbon Construction Materials Market Size And Growth…..27. Low Carbon Construction Materials Market Competitor Landscape And Company Profiles28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
