Advanced Building Materials Market Growing at a CAGR of 6.8% from 2022 to 2031 | Building construction & Infrastructure.
Significant growth over the next decade, driven by increased investments in infrastructure and the growing emphasis on sustainable construction.
WILMINGTON, DE, UNITED STATES, January 13, 2025 /EINPresswire.com/ -- Allied Market Research has recently released a comprehensive report titled, "Advanced Building Materials Market by Type (Green Materials and Technically Advanced), by Material (Advanced Cement and Concrete, Cross-Laminated Timber, Structural Insulated Panels, Sealants, and Others), by Application (Building Construction and Infrastructure), and by Region (North America, Europe, Asia-Pacific, and LAMEA): Global Opportunity Analysis and Industry Forecast, 2022-2031." According to the report, the global advanced building materials industry generated $56,736.47 million in 2021 and is projected to reach $111,648.70 million by 2031, growing at a CAGR of 6.8% from 2022 to 2031.Download PDF Sample Copy: https://www.alliedmarketresearch.com/request-sample/A16498
This detailed report provides valuable insights into shifting market trends, top-performing segments, key investment opportunities, regional market dynamics, and competitive landscapes.
๐๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ, ๐๐๐ฌ๐ญ๐ซ๐๐ข๐ง๐ญ๐ฌ, ๐๐ง๐ ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ:
The demand for advanced building materials is primarily driven by increased government spending on infrastructure development, including roads, bridges, ports, and airports. The rising need for durable, efficient, and innovative construction solutions propels market growth. However, the relatively high cost of advanced building materials poses a challenge, potentially limiting their adoption. On the brighter side, the growing trend toward sustainable and environmentally friendly construction materials presents significant growth opportunities for industry players.
impact on the advanced building materials market. The imposition of lockdowns led to reduced construction activities, resulting in lower demand for building materials. Additionally, disruptions in the global supply chain and restrictions on manufacturing activities further hindered market growth. Despite these setbacks, the industry is recovering as construction activities resume globally, creating renewed demand for advanced materials.
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๐๐๐ ๐ฆ๐๐ง๐ญ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ:
By Type:
In 2021, the technically advanced segment dominated the market, contributing to nearly four-fifths of the total revenue. This segmentโs leadership can be attributed to the increasing use of high-performance materials that enhance structural integrity, energy efficiency, and durability. Meanwhile, the green materials segment is expected to grow at the highest CAGR of 7.3% during the forecast period. The rising focus on environmentally sustainable construction solutions and government initiatives promoting eco-friendly materials are driving this segmentโs growth.
๐๐ฒ ๐๐๐ญ๐๐ซ๐ข๐๐ฅ:
The advanced cement and concrete segment held the largest market share in 2021, accounting for approximately three-fifths of the global revenue. The widespread use of advanced cement and concrete in various construction projects, owing to their superior strength and durability, underpins their market dominance. Additionally, the sealants segment is expected to exhibit the fastest CAGR of 7.4% throughout the forecast period, driven by the growing demand for effective sealing solutions to prevent fluid leakage and enhance building longevity.
๐๐ฒ ๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง:
The building construction segment emerged as the largest application segment, contributing nearly three-fifths of the global market share in 2021. The rapid growth in residential and commercial building projects, particularly in developing regions, is a key factor driving this segmentโs dominance. Meanwhile, the infrastructure segment is anticipated to register the highest CAGR of 7.1% during the forecast period, fueled by increasing investments in public infrastructure development and modernization efforts across various regions.
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ:
In terms of regional performance, Asia-Pacific garnered the largest share in 2021, accounting for nearly half of the global advanced building materials market revenue. This regionโs dominance can be attributed to rapid urbanization, significant investments in infrastructure, and the booming construction industry in countries such as China, India, and Japan. Furthermore, Asia-Pacific is projected to maintain its leading position throughout the forecast period.
The LAMEA region (Latin America, Middle East, and Africa) is expected to witness the highest CAGR of 7.3% during the forecast period. This growth is driven by rising industrialization, urban expansion, and increasing government initiatives to improve infrastructure in emerging economies.
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๐๐๐๐๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ:
Prominent players in the advanced building materials market include:
APV Engineered Coatings Inc.
BASF SE
Cemex
DowDuPont Inc.
Kingspan Group Plc
Knauf Gips KG
Oerlikon Balzers Coating India Limited
PPG Industries Inc.
Saint-Gobain Group
Sherwin-Williams Company
These key players are focusing on strategies such as product innovation, partnerships, mergers and acquisitions, and geographic expansion to strengthen their market position and meet the growing demand for advanced building materials.
David Correa
Allied Market Research
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