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Low-Carbon Construction Material Market

Low-Carbon Construction Material Market Size, Share & Trends Analysis Report By Application (Residential, Commercial, Industrial, Others), By Material (Plastic (Bio-Based Plastic, Recycled Plastic), Metal (Sustainable Steel, Low-Carbon Aluminum, Others), Mass Timber (Cross-Laminated Timber, Nail-Laminated Timber, Glue-Laminated Timber, Others), Green Concrete, Green Tiles, Low-Carbon Bricks, Others), By Region, And By Segment Forecasts, 2023-2031.

Report ID : 2201 | Published : 2024-10-24 | Pages: 180 | Format: PDF/EXCEL

Low-Carbon Construction Material Market Size is valued at USD 243.9 Bn in 2022 and is predicted to reach USD 491.8 Bn by the year 2031 at a 8.23% CAGR during the forecast period for 2023-2031.

Low-Carbon Construction Material Market

There are various low-carbon building materials on the market that can assist in minimising the carbon footprint of buildings and infrastructure projects. When compared to standard construction materials such as concrete and steel, these materials are often more sustainable and have a smaller environmental impact. Various factors are driving the market for low-carbon construction materials, including increased awareness of environmental sustainability, regulatory restrictions, technology breakthroughs, and market demand for eco-friendly building solutions. Climate change awareness and the need to minimize greenhouse gas emissions have to bring about an increased emphasis on sustainable construction practices.

However, the COVID-19 epidemic has had several consequences for the low-carbon construction material market, affecting both the demand and supply sides of the business. Lockdowns, travel restrictions, and manufacturing closures in several parts of the world interrupted construction material supply networks. Delays in the manufacture and shipping of low-carbon construction materials occurred, causing project timeframes to be pushed back and costs to rise.

Competitive Landscape

Some Major Key Players In The Low-Carbon Construction Material Market:

  • 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
  • Eco-Friendly Plastic Lumber
  • Naftex GmbH
  • Mercer Mass Timber LLC
  • Stora Enso
  • Plantd, Inc.
  • Cemex, S.A.B. de C.V.
  • CarbiCrete
  • CarbonCure Technologies Inc.
  • HOLCIM
  • Low-Carbon Materials
  • Ecocem
  • CRH plc
  • Roca Tile USA
  • Kenoteq Ltd.
  • AGC Inc.
  • Others

Market Segmentation:

The Low-Carbon Construction Material Market is segmented on the basis of application and material. The market is categorised as Commercial, Residential, Industrial, and Others based on application. The material segment includes plastic (Bio-Based Plastic, Recycled Plastic), metal (Sustainable Steel, Low-Carbon Aluminum, Others), mass timber (Sustainable Steel, Low-Carbon Aluminum, Others), green concrete, green tiles, low-carbon bricks, and others. 

Based On Application, The Residential Segment Is A Major Contributor To The Low-Carbon Construction Material Market. 

The residential category will hold a major share of the global Low-Carbon Construction Material Market 2022. The need for low-carbon construction materials in the residential construction industry is driven by several reasons corresponding to environmental sustainability, energy efficiency, and cost-effectiveness. Homeowners are encouraged to invest in energy-efficient materials and technologies when energy bills rise. Solar panels, energy-efficient appliances, and well-insulated walls and roofs help cut energy expenditures, making them appealing for residential applications.

The Metal Segment Witnessed Growth At A Rapid Rate.

The metal segment is projected to grow rapidly in the global low-carbon construction material market. Low-carbon metal-based construction materials have various advantages, including durability, recyclability, and energy efficiency. Various variables influence the market for these materials, which promotes their use in construction projects. The global push towards sustainable building practices is driving global demand for materials with lower carbon footprints. Steel and aluminium are highly recyclable metal-based materials, making them environmentally favourable solutions for construction projects.

In The Region, The North American Low-Carbon Construction Material Market Holds A Significant Revenue Share.

The North American low-carbon Construction Material Market is expected to record the maximum market share in terms of revenue in the near future due to the region's concentration of important manufacturers as well as the steady rise in the use of low-carbon building materials such as mass wood, recycled plastic, bioplastic, low-carbon aluminium, and sustainable steel. Consumers, corporations, and legislators are becoming more conscious of the need to save the environment and combat climate change.

Low-carbon building materials are in high demand as a result of people and organizations trying to lessen their carbon footprints and protect the environment. Rapid urbanization as well as infrastructural development in the Asia Pacific region are driving up demand for construction materials. Growing public awareness of environmental issues and climate change has resulted in a movement in consumer preferences and government legislation towards environmentally friendly building materials.

Recent Developments:

  • In July 2023, CarbonCure Technologies Inc. announced an $80 million investment in a new equity round led by Blue Earth Capital. The company's existing shareholders also supported the current investment round. The investment will help the corporation achieve its aim of lowering and eliminating millions of metric tonnes of CO2 from the atmosphere each year.

Low-Carbon Construction Material Market Report Scope

Report Attribute

Specifications

Market Size Value In 2022

USD 243.9 Bn

Revenue Forecast In 2031

USD 491.8 Bn

Growth Rate CAGR

CAGR of 8.23 % from 2023 to 2031

Quantitative Units

Representation of revenue in US$ Million and CAGR from 2023 to 2031

Historic Year

2019 to 2022

Forecast Year

2023-2031

Report Coverage

The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends

Segments Covered

By Application, Material

Regional Scope

North America; Europe; Asia Pacific; Latin America; Middle East & Africa

Country Scope

U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico ; France; Italy; Spain; India; South East Asia; South Korea

Competitive Landscape

ArcelorMittal, Nucor Corporation, Steel Dynamics, Gerdau S/A, C.M.C., 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 A.S.A., Eco-Friendly Plastic Lumber, Naftex GmbH, Mercer Mass Timber L.L.C., Stora Enso, Plantd, Inc., Cemex, S.A.B. de C.V., CarbiCrete, CarbonCure Technologies Inc., HOLCIM, Low-Carbon Materials, Ecocem, CRH plc, Roca Tile U.S.A., Kenoteq Ltd., and A.G.C. Inc.

Customization Scope

Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape.

Pricing And Available Payment Methods

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Chapter 1. Methodology and Scope

1.1. Research Methodology

1.2. Research Scope & Assumptions

Chapter 2. Executive Summary

Chapter 3. Global Low-Carbon Construction Material Market Snapshot

Chapter 4. Global Low-Carbon Construction Material Market Variables, Trends & Scope

4.1. Market Segmentation & Scope

4.2. Drivers

4.3. Challenges

4.4. Trends

4.5. Investment and Funding Analysis

4.6. Industry Analysis – Porter’s Five Forces Analysis

4.7. Competitive Landscape & Market Share Analysis

4.8. Impact of Covid-19 Analysis

Chapter 5. Market Segmentation 1: By Application Estimates & Trend Analysis

5.1. By Application, & Market Share, 2020 & 2031

5.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2020 to 2031 for the following By Application:

5.2.1. Residential

5.2.2. Commercial

5.2.3. Industrial

5.2.4. Others

Chapter 6. Market Segmentation 2: By Material Estimates & Trend Analysis

6.1. By Material & Market Share, 2020 & 2031

6.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2020 to 2031 for the following By Material:

6.2.1. Plastic

6.2.1.1. Bio-Based Plastic

6.2.1.2. Recycled Plastic

6.2.2. Metal

6.2.2.1. Sustainable Steel

6.2.2.2. Low-Carbon Aluminum

6.2.2.3. Others

6.2.3. Mass Timber

6.2.3.1. Cross-Laminated Timber

6.2.3.2. Nail-Laminated Timber

6.2.3.3. Glue-Laminated Timber

6.2.3.4. Others

6.2.4. Green Concrete

6.2.5. Green Tiles

6.2.6. Low-Carbon Bricks

6.2.7. Others

Chapter 7. Low-Carbon Construction Material Market Segmentation 3: Regional Estimates & Trend Analysis

7.1. North America

7.1.1. North America Low-Carbon Construction Material Market revenue (US$ Million) estimates and forecasts By Application, 2019-2031

7.1.2. North America Low-Carbon Construction Material Market revenue (US$ Million) estimates and forecasts By Material, 2019-2031

7.1.3. North America Low-Carbon Construction Material Market revenue (US$ Million) estimates and forecasts by country, 2019-2031

7.2. Europe

7.2.1. Europe Low-Carbon Construction Material Market revenue (US$ Million) By Application, 2019-2031

7.2.2. Europe Low-Carbon Construction Material Market revenue (US$ Million) By Material, 2019-2031

7.2.3. Europe Low-Carbon Construction Material Market revenue (US$ Million) by country, 2019-2031

7.3. Asia Pacific

7.3.1. Asia Pacific Low-Carbon Construction Material Market revenue (US$ Million) By Application, 2019-2031

7.3.2. Asia Pacific Low-Carbon Construction Material Market revenue (US$ Million) By Material, 2019-2031

7.3.3. Asia Pacific Low-Carbon Construction Material Market revenue (US$ Million) by country, 2019-2031

7.4. Latin America

7.4.1. Latin America Low-Carbon Construction Material Market revenue (US$ Million) By Application, (US$ Million) 2019-2031

7.4.2. Latin America Low-Carbon Construction Material Market revenue (US$ Million) By Material, (US$ Million) 2019-2031

7.4.3. Latin America Low-Carbon Construction Material Market revenue (US$ Million) by country, 2019-2031

7.5. Middle East & Africa

7.5.1. Middle East & Africa Low-Carbon Construction Material Market revenue (US$ Million) By Application, (US$ Million) 2019-2031

7.5.2. Middle East & Africa Low-Carbon Construction Material Market revenue (US$ Million) By Material, (US$ Million) 2019-2031

7.5.3. Middle East & Africa Low-Carbon Construction Material Market revenue (US$ Million) by country, 2019-2031

Chapter 8. Competitive Landscape

8.1. Major Mergers and Acquisitions/Strategic Alliances

8.2. Company Profiles

8.2.1. ArcelorMittal

8.2.2. Nucor Corporation

8.2.3. Steel Dynamics

8.2.4. Gerdau S/A

8.2.5. CMC

8.2.6. NIPPON STEEL CORPORATION

8.2.7. CelsaGroup

8.2.8. POSCO

8.2.9. HBIS GROUP

8.2.10. LIBERTY Steel Group

8.2.11. Tata Steel

8.2.12. Vedanta Aluminum and Power

8.2.13. EN+ Group

8.2.14. China Hongqiao Group Limited

8.2.15. Rio Tinto

8.2.16. Norsk Hydro ASA

8.2.17. Eco-Friendly Plastic Lumber

8.2.18. Naftex GmbH

8.2.19. Mercer Mass Timber LLC

8.2.20. Stora Enso

8.2.21. Plantd, Inc.

8.2.22. Cemex, S.A.B. de C.V.

8.2.23. CarbiCrete

8.2.24. CarbonCure Technologies Inc.

8.2.25. HOLCIM

8.2.26. Low-Carbon Materials

8.2.27. Ecocem

8.2.28. CRH plc

8.2.29. Roca Tile USA

8.2.30. Kenoteq Ltd.

8.2.31. AGC Inc.

Segmentation of Low-Carbon Construction Material Market-

Low-Carbon Construction Material Market By Application-

  • Residential
  • Commercial
  • Industrial
  • Others

Low-Carbon Construction Material Market Seg

Low-Carbon Construction Material Market By Material-

  • Plastic
    • Bio-Based Plastic
    • Recycled Plastic
  • Metal
    • Sustainable Steel
    • Low-Carbon Aluminum
    • Others
  • Mass Timber
    • Cross-Laminated Timber
    • Nail-Laminated Timber
    • Glue-Laminated Timber
    • Others
  • Green Concrete
  • Green Tiles
  • Low-Carbon Bricks
  • Others

Low-Carbon Construction Material Market By Region-

North America-

  • The US
  • Canada
  • Mexico

Europe-

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific-

  • China
  • Japan
  • India
  • South Korea
  • South East Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Rest of Latin America

 Middle East & Africa-

  • C.C. Countries
  • South Africa
  • Rest of Middle East and Africa

InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.

Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.

Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.

Secondary research

The secondary research sources that are typically mentioned to include, but are not limited to:

  • Company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings.
  • External and internal proprietary databases, regulatory databases, and relevant patent analysis
  • Statistical databases, National government documents, and market reports
  • Press releases, news articles, and webcasts specific to the companies operating in the market

The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista

Primary Research:

Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies

The contributors who typically take part in such a course include, but are not limited to: 

  • Industry participants: CEOs, CBO, CMO, VPs, marketing/ type managers, corporate strategy managers, and national sales managers, technical personnel, purchasing managers, resellers, and distributors.
  • Outside experts: Valuation experts, Investment bankers, research analysts specializing in specific markets
  • Key opinion leaders (KOLs) specializing in unique areas corresponding to various industry verticals
  • End-users: Vary mainly depending upon the market

Data Modeling and Analysis:

In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.

The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.

To know more about the research methodology used for this study, kindly contact us/click here.

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Frequently Asked Questions

How big is the Low-Carbon Construction Material Market?

Low-Carbon Construction Material Market expected to grow at a 8.23% CAGR during the forecast period for 2023-2031.

Stora Enso, Plantd, Inc., Cemex, S.A.B. de C.V., CarbiCrete, CarbonCure Technologies Inc., HOLCIM, Low-Carbon Materials, Ecocem, CRH plc, Roca Tile U.

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