According to a recent report published by Allied Market Research, titled Alternative Building Materials Market by Material (Bamboo, Recycled Plastic, Wood, and Others), End User (Residential and Non-Residential), and Application (Construction, Furniture, and Flooring): Global Opportunity Analysis and Industry Forecast, 2021-2030
Rising environmental awareness and emergence of Leadership in Energy and Environmental Design (LEED) green certification programs are driving the growth of the global alternative building materials market. On the other hand, the introduction of advanced materials creates new opportunities in the years to come.
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- Construction activities were hampered due to the containment measures taken during the Covid-19 pandemic. Thus, the demand for alternative building materials has decreased significantly. However, demand would increase during post-lockdown.
- In addition, supply chains have been disrupted globally. This has directly resulted in impediments to manufacturing and installation activities in the residential and non-residential sectors.
The report offers a detailed segmentation of the global alternative building materials market on the basis of material, end-user, application, and region.
Based on materials, the wood segment held the highest market share in 2020, accounting for almost 91% of the total share, and is expected to maintain its leading status during the forecast period. However, the recycled plastic segment is expected to grow at the fastest CAGR of 7.8% from 2021 to 2030.
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Based on application, the flooring segment accounted for the largest share in 2020, contributing almost four-fifths of the global alternative building materials market, and is expected to maintain its leading position during the period of forecast. However, the furniture segment is expected to show the highest CAGR of 6.2% from 2021 to 2030.
Based on region, Asia-Pacific contributed the highest share in 2020, accounting for nearly two-thirds of the total share, and is expected to maintain its dominant revenue share by 2030. However, LAMEA is expected to manifest the largest CAGR of 6.6% during the forecast period.
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Key players in the global alternative building materials market covered in the research include Bauder Ltd., CarbonCure Technologies Inc., ByFusion Global Inc., Kirei, JD Composites, Plasticiet, Neular, Rammed Earth Works, Rammed Earth Enterprises, and Takataka Plastics.
Allied Market Research (AMR) is a full-service market research and business consulting division of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global corporations as well as small and medium enterprises with unparalleled quality of “Market Research Reports” and “Business Intelligence Solutions”. AMR has a focused vision to provide business insights and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market area.
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