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Global Alternative Building Materials Market Size, Share, Trends, Forecast: By Material: Bamboo, Recycled Plastic, Wood, Others; By Application: Construction, Furniture, Flooring; By End User: Residential, Non-Residential; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Regional Analysis; Competitive Landscape; 2023-2028
Global Alternative Building Materials Market Outlook
The global alternative building materials market attained a value of nearly USD 209.1 billion in 2022. The market is projected to grow at a CAGR of 5.9% between 2023 and 2028 to reach a value of around USD 294.94 billion by 2028.
Key Trends in the Market
Alternative building materials refer to different types of construction materials which are used as substitutes for conventional building materials. Alternative building materials are eco-friendly and are generally made from waste products.
- The thriving building and construction sector across emerging economies, owing to the rising standards of living and growing government expenditure towards infrastructure development, is driving the alternative building materials market growth.
- Rapid transition from conventional construction materials towards low-cost and eco-friendly construction alternatives is a key market trend. Rising awareness pertaining to issues such as climate change is further propelling the market growth.
- Rising investments towards the development of green buildings across developing countries, especially in the Asia Pacific, are generating a significant demand for alternative building materials.
- High tensile strength, low production cost, and aesthetically pleasing properties offered by some alternative building materials, such as wood and bamboo, are further favouring the alternative building materials market growth.
Market Analysis
Based on material, the market is segmented into bamboo, recycled plastic, and wood, among others. On the basis of application, the market is classified into construction, furniture, and flooring. By end user, the market is divided into residential and non-residential. The major regional markets for alternative building materials include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the key players in the global alternative building materials market report, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
- Bauder Ltd
- BYFUSION GLOBAL INC
- JD Composites
- Kirei USA, LLC
- Neular OÜ
- Plasticiet
- Takataka Plastics
- Others
Market Share by Material
Wood accounts for a significant share of the alternative building materials market. Wood is a renewable source of energy with a low carbon impact on the environment. In addition, the energy required to produce wood is lower as compared to its counterparts.
Increasing applications of wood to construct walls, ceilings and floors, doors, furniture, and window frames, among others, are fuelling the growth of this segment. Moreover, wood can be used in several non-residential projects, such as shipbuilding, and library and theatre development, among others.
In the forecast period, wood is expected to witness an escalated demand to develop aesthetically pleasing commercial structures and furniture, thereby adding to the growth of this segment.
Market Share by End User
The non-residential sector holds a significant share in the market. Heightening demand for alternative building materials, such as bamboo and recycled plastics, to develop bridges, driveways, and sidewalks, among other commercial construction activities, is driving the segment’s growth.
Meanwhile, the demand for alternative building materials in residential applications is expected to surge amid the rising housing demand, rapid urbanisation, and the introduction of favourable government initiatives aimed at developing affordable housing.
Competitive Landscape
Bauder Ltd is a prominent multinational manufacturer of building construction materials, offering products such as eco-friendly building materials. It was founded in 1857 and is headquartered in Suffolk, the United Kingdom.
BYFUSION GLOBAL INC is a company which turns waste into useful materials for infrastructure development. Founded in 2017 and headquartered in California, the United States, the company has been dedicated to offering solutions to combat the plastic crisis.
JD Composites is a prominent construction company which specialises in developing building and housing materials using recycled plastic bottles. The company is currently headquartered in Nova Scotia, Canada.
Other market players include Kirei USA, LLC, Neular OÜ, Plasticiet, and Takataka Plastics, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Material |
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| Breakup by Application |
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| Breakup by End User |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Alternative Building Materials Market Analysis
8.1 Key Industry Highlights
8.2 Global Alternative Building Materials Historical Market (2018-2022)
8.3 Global Alternative Building Materials Market Forecast (2023-2028)
8.4 Global Alternative Building Materials Market by Material
8.4.1 Bamboo
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Recycled Plastic
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.4.3 Wood
8.4.3.1 Historical Trend (2018-2022)
8.4.3.2 Forecast Trend (2023-2028)
8.4.4 Others
8.5 Global Alternative Building Materials Market by Application
8.5.1 Construction
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Furniture
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 Flooring
8.5.3.1 Historical Trend (2018-2022)
8.5.3.2 Forecast Trend (2023-2028)
8.6 Global Alternative Building Materials Market by End User
8.6.1 Residential
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Non-Residential
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.7 Global Alternative Building Materials Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2022)
8.7.1.2 Forecast Trend (2023-2028)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2022)
8.7.2.2 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2022)
8.7.3.2 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2022)
8.7.4.2 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2022)
8.7.5.2 Forecast Trend (2023-2028)
9 North America Alternative Building Materials Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Alternative Building Materials Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Alternative Building Materials Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Alternative Building Materials Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Alternative Building Materials Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Bauder Ltd
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 BYFUSION GLOBAL INC
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 JD Composites
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Kirei USA, LLC
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Neular OÜ
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Plasticiet
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Takataka Plastics
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Alternative Building Materials Market: Key Industry Highlights, 2018 and 2028
2. Global Alternative Building Materials Historical Market: Breakup by Material (USD Billion), 2018-2022
3. Global Alternative Building Materials Market Forecast: Breakup by Material (USD Billion), 2023-2028
4. Global Alternative Building Materials Historical Market: Breakup by Application (USD Billion), 2018-2022
5. Global Alternative Building Materials Market Forecast: Breakup by Application (USD Billion), 2023-2028
6. Global Alternative Building Materials Historical Market: Breakup by End User (USD Billion), 2018-2022
7. Global Alternative Building Materials Market Forecast: Breakup by End User (USD Billion), 2023-2028
8. Global Alternative Building Materials Historical Market: Breakup by Region (USD Billion), 2018-2022
9. Global Alternative Building Materials Market Forecast: Breakup by Region (USD Billion), 2023-2028
10. North America Alternative Building Materials Historical Market: Breakup by Country (USD Billion), 2018-2022
11. North America Alternative Building Materials Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Europe Alternative Building Materials Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Europe Alternative Building Materials Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Asia Pacific Alternative Building Materials Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Asia Pacific Alternative Building Materials Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Latin America Alternative Building Materials Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Latin America Alternative Building Materials Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Middle East and Africa Alternative Building Materials Historical Market: Breakup by Country (USD Billion), 2018-2022
19. Middle East and Africa Alternative Building Materials Market Forecast: Breakup by Country (USD Billion), 2023-2028
20. Global Alternative Building Materials Market Structure
Key Questions Answered in the Report
The market reached a value of nearly USD 209.1 billion in 2022.
The market is estimated to grow at a CAGR of 5.9% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach a value of around USD 294.94 billion by 2028.
The thriving building and construction sector, rising standards of living, growing government expenditure towards infrastructure development, and rapid transition from conventional construction materials towards low-cost and eco-friendly construction alternatives are the major drivers of the market.
The key trends in the market include the rising investments towards the development of green buildings across developing countries of the Asia Pacific and favourable policies of multiple governments aimed towards encouraging sustainable construction solutions.
Bamboo, recycled plastic, and wood, among others, are the different materials considered in the market report.
Construction, furniture, and flooring are the major applications of alternative building materials.
Bauder Ltd, BYFUSION GLOBAL INC, JD Composites, Kirei USA, LLC, Neular OÜ, Plasticiet, and Takataka Plastics, among others, are the key alternative building materials market players.
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