The global market for advanced building materials exhibited significant strength in 2020 and is projected to maintain a steady revenue compound annual growth rate (CAGR) throughout the forecast period. The growth in market revenue can be attributed to key drivers such as rapid urbanization, increased demand for advanced materials that support the construction of more sustainable buildings, and technological advancements that have introduced products capable of enhancing building strength and longevity.
Over time, the range of innovative building materials has expanded significantly. It now includes adhesives and sealants, coatings, insulating materials, polymer composites, and concrete admixtures. These sophisticated construction materials aim to prolong the lifespan of structures, ensure integrity, provide protection, and minimize waste. For instance, concrete admixtures like plasticizers/superplasticizers, accelerators, air-entraining agents, bonding agents, retarders, and shrinkage reducers are increasingly utilized to create exceptionally strong concrete. Coatings offer long-term protection against weather and corrosion, while adhesives and sealants facilitate the flexible, cost-effective, and durable bonding of dissimilar construction components. Insulation materials like polymer foams assist with thermal, acoustic, fire, and impact insulation, while also reducing the weight of building structures and components. Polymer composites, available in various forms, offer durability, low weight, impact resistance, design flexibility, component consolidation, toughness, and heat resistance, thanks to their high strength-to-stiffness ratio and low density.
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Major Companies Profiled in the Report:
- BASF
- DowDuPont
- Kingspan
- PPG Industries
- Saint-Gobain
- Sherwin-Williams
- APV Engineered Coatings
- Oerlikon Balzers Coating
Notable Innovation of Advanced Building Material Market
The advanced building material market has witnessed several notable innovations in recent years. These innovations aim to improve the performance, sustainability, and efficiency of building materials. Some of the notable innovations in this market include:
- Graphene-Enhanced Materials: Graphene, a two-dimensional carbon allotrope, has gained significant attention in the construction industry. It possesses exceptional mechanical, electrical, and thermal properties, making it suitable for enhancing the strength and durability of various building materials. Graphene can be incorporated into concrete, coatings, and composites to enhance their performance, reduce material consumption, and increase their lifespan.
- Self-Healing Concrete: Self-healing concrete is designed to automatically repair cracks that develop over time. It contains capsules of healing agents, such as bacteria or chemicals, that are released when cracks form, filling the gaps and restoring the material's integrity. This innovation extends the lifespan of concrete structures, reduces maintenance costs, and improves sustainability.
- Transparent Wood: Transparent wood is created by removing the light-absorbing lignin from wood and replacing it with a transparent polymer. The resulting material retains the strength and thermal insulation properties of wood while allowing light to pass through. Transparent wood has the potential to be used in windows, solar panels, and other applications, offering improved energy efficiency and aesthetics.
- 3D Printing in Construction: 3D printing has revolutionized the construction industry by enabling the fabrication of complex building components with minimal material waste. Large-scale 3D printers can create entire structures by depositing layers of concrete or other construction materials according to a digital design. This innovation offers faster construction timelines, cost savings, and design flexibility.
- Smart Building Materials: Advances in sensors, actuators, and internet connectivity have paved the way for the development of smart building materials. These materials can monitor and respond to environmental conditions, such as temperature, humidity, and light. They enable energy optimization, improved indoor air quality, and enhanced occupant comfort. Examples include self-tinting windows, adaptive insulation, and dynamic façade systems.
- Aerogel Insulation: Aerogel is a lightweight, highly insulating material composed of 90-99% air. It has an extremely low thermal conductivity, making it an excellent insulator. Aerogel insulation is used in walls, roofs, and windows to enhance energy efficiency by minimizing heat transfer. Its high insulation performance allows for thinner building envelopes without compromising thermal comfort.
- Bio-based Building Materials: With a growing emphasis on sustainability, bio-based building materials have gained prominence. These materials are derived from renewable resources such as agricultural waste, bamboo, hemp, and bio-based polymers. They offer lower environmental impacts, reduced carbon footprint, and improved indoor air quality compared to traditional materials. Examples include bio-based insulation, biodegradable composites, and natural fiber-reinforced materials.
These notable innovations in advanced building materials demonstrate the industry's commitment to improving construction practices, sustainability, and energy efficiency. Continued research and development in this field are expected to drive further advancements, leading to greener, smarter, and more resilient buildings in the future.
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Detailed Segmentation in Our Report:
For the purpose of this report, the global advanced building materials market is segmented on the basis of type, application, and region:
Type Outlook (Revenue, USD Billion; 2018-2028)
- Crop-Based Materials
- Non-Crop Based Materials
Application Outlook (Revenue, USD Billion; 2018-2028)
- Residential
- Commercial
- Industrial
Region Outlook (Revenue, USD Billion; 2018-2028)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Rest of Middle East & Africa
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