According to a Comprehensive Report by AMR Group, "Advanced Building Materials Market Information by Material Type, Application, and Region - Forecast till 2030", the market for advanced building materials is expected to grow from USD 57.47 billion in 2022 to USD 91.74 billion by 2030, expanding at a rate of 6.02% between 2023 and 2032.
By using cutting-edge building materials, such as concrete brick and block, sealant, wall cladding, and others, the project's construction time is reduced. These materials outperform other conventional materials in terms of efficiency, strength, and performance. Modern building materials outperform conventional ones in terms of strength, efficiency, and durability.
The top market players are making significant R&D investments in order to diversify their product lines, which will fuel further market expansion for advanced building materials. Market participants are also expanding their global footprint through a range of strategic measures, including as the launch of new products, contractual agreements, mergers and acquisitions, escalating investments, and collaboration with other organisations. In a market that is growing more and more competitive, Advanced Building Materials' rivals must offer products that are reasonably priced to thrive.
The research provides an overview of the industry, including definitions, classifications, and the structure of the industrial chain. The Global Advanced Building Materials Market study includes development trends, competitive landscape analysis, and major regions development status. Policies and strategies for development are reviewed, as well as manufacturing methods and cost structures. Import/export consumption, supply and demand, price, revenue, and gross margins are all included in this report.
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Market Segmentation:
The global advanced building materials market can be segmented based on various factors such as material type, application, end-use industry, and geography. Here are some of the common segments:
Material type:
Concrete
Glass
Metal
Fiberglass
Polymer
Others (including advanced ceramics, composites, etc.)
Application:
Insulation
Flooring
Roofing
Walls
Others (including windows, doors, etc.)
End-use industry:
Residential
Commercial
Industrial
Infrastructure
Geography:
North America
Europe
Asia-Pacific
Latin America
Middle East and Africa
These segments may vary based on the source and the specific purpose of the analysis.
Key Players:
LafargeHolcim Ltd.
BASF SE
Dow Chemical Company
Saint-Gobain S.A.
3M Company
Owens Corning
DuPont de Nemours, Inc.
Boral Limited
Kingspan Group
Huntsman Corporation
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Regional Analysis:
North America: The North American advanced building materials market is expected to grow significantly due to the increasing focus on sustainability, energy efficiency, and green building practices. The United States is the largest market in this region, driven by the growing demand for high-performance building materials and the presence of major players in the market.
Europe: The European advanced building materials market is expected to grow due to the increasing demand for green building materials and the implementation of stringent regulations aimed at reducing carbon emissions and improving energy efficiency in buildings. Germany, France, and the UK are the major markets in this region.
Asia Pacific: The Asia Pacific region is expected to witness significant growth in the advanced building materials market due to rapid urbanization, population growth, and rising disposable income in countries such as China, India, and Japan. The increasing demand for energy-efficient buildings and the adoption of green building practices are also driving growth in this region.
Latin America: The Latin America advanced building materials market is expected to grow due to the increasing demand for high-performance building materials and the growing construction industry in countries such as Brazil and Mexico.
Middle East and Africa: The Middle East and Africa advanced building materials market is expected to grow due to the increasing demand for sustainable and energy-efficient building materials, coupled with the increasing investment in infrastructure and construction projects in the region.
Covid-19 Impact:
The COVID-19 pandemic has had a number of effects on the global market for innovative building materials. The pandemic has significantly impacted the market for sophisticated building materials by causing a delay in construction worldwide and disrupting the global supply chain.
Construction stopped during the early stages of the pandemic in many nations, which reduced the demand for modern building materials. A lack of raw materials was also brought on by the shutdown of production facilities and the interruption in the supply chain, which raised the cost of modern building materials.
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Reasons to Purchase this Report:
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
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The global advanced materials market is forecasted to witness a positive growth curve in the forthcoming year, as reported by Transparency Market Research (TMR).
The competitive landscape of the global advanced materials market is reported to be highly concentrated.
The company is expected to continue holding a dominant position in the market over the coming years.
The product is used, for example, in applications in the industries such as automotive, heavy machinery, construction, and solar glass industries.
The need for flat glass in the architectural sector over the coming years is expected to rise.
Dire Need for Reducing Vehicle Weight to Boost OpportunityThe fuel economy of cars is up 6-8 percent with the reduction of one-tenth of weight, according to Scientific American, an American science magazine.
