Alternative Building Materials Market Research Highlights

Alternative Building Materials Market Trends, Analysis, Segmentation, Forecast to 2030

NEWS PROVIDED BY Allied AnalyticsLLP

February 26,2024,09:26 GMT

Reportanalyzesglobalalternativebuildingmaterialsmarket2021-2030,coveringbamboo, recycledplastic,wood,andmore

WILMINGTON,DELAWARE,February26,2024/EINPresswirecom/--Thealternativebuildingmaterials marketconsistsofrevenuegeneratedbysalesforenvironmentfriendlybuildingmaterialsuchaswood, bamboo,recycledplasticandothereco-friendlymaterial Thesematerialareusedtoconstructwalls, windows,doorsandroofsofresidentialandnon-residentialinfrastructures Thealternativematerialare introducedtowithaviewtobuildsustainablebuildingsandtominimizepollutiongeneratedwhile manufacturingtraditionalbuildingmaterial

Thealternativebuildingmaterialsmarketsizewasvaluedat$1898billionin2020,andisexpectedto reach$3303billionby2030,registeringaCAGRof58%from2021to2030

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The wood segment dominated the global alternative building material market, in terms of revenue and is expected to maintain this trend during the forecast period.”

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Increaseinawarenessaboutusingenvironmentfriendlymaterial andstrictrestrictionimplementedbygovernmentfor manufacturingandusingtraditionalmaterialhasleadpeopleto optforalternatebuildingmaterial Inaddition,acquiringtheLEED (LeadershipinEnergyandEnvironmentalDesign)green certicationfromthegovernmentauthoritiesonbuildingecofriendlybuildingsmakestheownereligibleforseveralgrantsfrom thegovernmentandalsogetsconcessionintaxes Further, manufacturingofthesealternativematerialemitslesscarbonas wellasrequireslessenergyformanufacturing

Thesearesomeofthedrivingfactorsforthealternativebuilding materialmarket

Thealternativebuildingmaterialsmarketissegmentedonthebasisofmaterial,enduser,application andregion.

Onthebasisofcapacity,themarketisdividedintobamboo,recycledplastic,woodandothers Dependingonenduser,itisclassiedintoresidentialandnon-residential.

Onthebasisofapplication,themarketisdividedintoconstruction,furnitureandooring

Byregion,itisanalyzedacrossNorthAmerica(theUS,Canada,andMexico),Europe(Germany,theUK, France,ItalyandrestofEurope),Asia-Pacic(China,Japan,SouthKorea,India,andrestofAsia-Pacic), andLAMEA(LatinAmerica,theMiddleEast,andAfrica)

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TopPlayers:

ThemajorplayersproledinthealternativebuildingmaterialsmarketincludeBauderLtd.,ByFusion GlobalInc,CarbonCureTechnologiesInc,JDComposites,Kirei,Neular,Plasticiet,RammedEarth Enterprises,RammedEarthWorksandTakatakaPlastics Majorcompaniesinthemarkethaveadopted strategiessuchasproductlaunch,businessexpansionandpartnership,toofferbetterproductsand servicestocustomersinthealternativebuildingmaterialsmarket

KeyFindingsOfTheStudy

Bymaterial,thewoodsegmentwasthehighestrevenuecontributorin2020

Byenduser,theresidentialsegmentgeneratedthehighestrevenuein2020.

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NEWS PROVIDED BY Allied AnalyticsLLP February 26,2024,09:26 GMT

•Byregion,theAsia-Pacicgeneratedthehighestrevenuein2020.

Byapplication,theooringsegmentgeneratedthehighestrevenuein2020

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