Low-Carbon Construction Material Market is Expected to Reach $578.85 Billion by 2032: BIS Research

The low-carbon construction material market is expected to surge in demand for products like low-carbon aluminum, sustainable steel, recycled plastic, mass timber, and green concrete, driven by the construction industry's increasing needs. This trend is projected to continue from 2023 to 2032, mainly due to the rising adoption of sustainable construction practices in countries like the U.S., China, India, Italy, France, and the U.K.  

Recently, BIS Research released the Low-Carbon Construction Material Market Report, which covers 2022 to 2032, projecting significant growth. In 2022, the market size was $244.96 billion, with a forecasted value of $578.85 billion by 2032, indicating a robust CAGR of 8.69%. The report comprises 161 tables, 278 pages, and 46 figures, providing comprehensive insights into the market's dynamics and trends.   

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USP and Key Highlights of the Report  

• A dedicated section focusing on the trends adopted by the key players operating in the low-carbon construction material market 
• Company profile of the companies operating in the ecosystem offering a holistic view of the low-carbon construction material market landscape.  
• Qualitative and quantitative analysis of the low-carbon construction material market 
• Supply chain and value chain analysis  

Strategic Growth Initiatives: Offering insights into successful growth strategies such as mergers, acquisitions, and partnerships, the report can guide your organization in crafting compelling marketing and expansion strategies to solidify its market position.  

Competitive Landscape Analysis: By profiling key players and examining their strategies, the report gives a clear view of the competitive environment, enabling your organization to benchmark its practices and uncover strategic alliances or innovation opportunities.  

Identification of Untapped Markets: By exploring partnerships, agreements, and collaborations among key market players, the report illuminates untapped revenue pockets and emerging market opportunities, guiding your organization toward profitable ventures.    

Low-Carbon Construction Material Market Analysis: Drivers, Challenges, and Opportunities 

The following are the demand drivers for the low-carbon construction material market: 

•    Increase in government expenditures for infrastructural development 

•    Stringent regulations and carbon neutrality targets 

•    Energy and cost efficiency owing to the use of recycled materials 

•    Growing research and development activities to achieve near-zero emissions 

The low-carbon construction material market is expected to face some limitations as well due to the following challenges: 

•    High prices associated with low-carbon construction materials 

•    Lack of investments in the green building materials sector 

•    Uncertain macroeconomic conditions 

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Low-Carbon Construction Material Market Segments 

Segmentation 1: by Application 

•    Residential 

•    Commercial 

•    Industrial 

•    Others 

Segmentation 2: by Material 

•    Plastic 

        o    Bio-Based Plastic 

        o    Recycled Plastic 

•    Metal 

        o    Sustainable Steel 

        o    Low-Carbon Aluminum 

        o    Others 

•    Mass Timber 

        o    Cross-Laminated Timber 

        o    Nail-Laminated Timber 

        o    Glue-Laminated Timber 

        o    Others 

•    Green Concrete 

•    Green Tiles 

•    Low-Carbon Bricks 

•    Others 

Segmentation 3: by Region 

•    North America - U.S., Canada, and Mexico 

•    Europe - Germany, France, Italy, Spain, and Rest-of-Europe 

•    China 

•    U.K. 

•    Asia-Pacific and Japan - Japan, South Korea, India, Australia, and Rest-of-Asia-Pacific and Japan 

•    Rest of the World - South America, the Middle East, and Africa 

Overview: The residential segment dominates the low-carbon construction material market, while the metal segment is poised to lead in materials. North America is anticipated to experience significant growth, primarily due to the rising adoption of low-carbon construction materials such as low-carbon aluminum, sustainable steel, mass timber, and recycled and bioplastics. This growth is further fueled by the region's concentration of major manufacturers. 

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Key Players in the Low-Carbon Construction Material Market 

Company Type 1 (by Material): Metal 

•    ArcelorMittal 

•    Nucor Corporation 

•    Steel Dynamics 

•    Gerdau S/A 

•    CMC 

•    NIPPON STEEL CORPORATION 

•    CelsaGroup 

•    POSCO 

•    HBIS GROUP 

•    LIBERTY Steel Group 

•    Tata Steel 

•    Vedanta Aluminum and Power 

•    EN+ Group 

•    China Hongqiao Group Limited 

•    Rio Tinto 

•    Norsk Hydro ASA 

Company Type 2 (by Material):  Plastics 

•    Eco-Friendly Plastic Lumber 

•    Naftex GmbH 

Company Type 3 (by Material):  Mass Timber 

•    Mercer Mass Timber LLC 

•    Stora Enso 

•    Plantd, Inc. 

Company Type 4 (by Material):  Green Concrete 

•    Cemex, S.A.B. de C.V. 

•    CarbiCrete 

•    CarbonCure Technologies Inc. 

•    HOLCIM 

•    Low-Carbon Materials 

•    Ecocem 

•    CRH plc 

Company Type 5 (by Material):  Green Tiles 

•    Roca Tile USA 

Company Type 6 (by Material):  Low Carbon Brics 

•    Kenoteq Ltd. 

Company Type 7 (by Material):  Others 

•    AGC Inc. 

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Nanocoatings Market 

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Waterproofing Admixtures Market 

Automotive Carbon Thermoplastic Market 

Shredder Blades Market 

About BIS Research 

BIS Research is a global B2B market intelligence and advisory firm focusing on deep technology and related emerging trends, which can disrupt the market dynamics in the near future. We publish over 200 market intelligence studies annually, focusing on several deep technology verticals.   

Our strategic market analysis emphasizes market estimations, technology analysis, emerging high-growth applications, deeply segmented granular country-level market data, and other important market parameters functional in the strategic decision-making for senior management.    

BIS Research offers firms syndicated and custom studies and expert consultations, providing them with specific and actionable insights on novel technology markets, business models, and competitive landscapes.   

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