Global Construction Sustainable Materials Market: Overview
One of the major activities that cause maximum pollution across the globe is construction activities. That’s why several sustainable materials have been developed to replace the existing conventional materials. These new materials help in saving water, energy, and other different non-renewable resources. Shift to use of construction sustainable materials is profitable for builders so as to be compliant with future environmental regulations.
Global Construction Sustainable Materials Market: Notable Developments
Some of the notable developments in the global construction sustainable materials market are listed below:
- In August 2019, DuPont, a global leader in the construction sustainable materials market, announced a new partnership with Habitat for Humanity International. This partnership will allow DuPont to help Habitat for Humanity in building sustainable home projects that are highly energy efficient. This partnership will also allow employees of the company with ample opportunities for volunteering.
- In July 2019, BASF announced that it is planning to invest in a production plant for production of tert-Butylamine (tBA). This will be the second production plant in China and will be based in Nanjing. With this production plant, the annual tBA production capacity of BASF will grow by over 30%. The plant is expected to be active by 2020 and will get help from the cutting edge technology provide by BASF to produce the desired products.
- Bauder, a leader in the global construction sustainable materials recently announced that it has been awarded by Woodland Trust Certificate from the Woodlands Trust, the UK’s biggest woodland conservation charitable organization.
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Global Construction Sustainable Materials Market: Drivers and Restraints
There has been a growing trend across the globe of constructing green buildings with LEED (Leadership in Energy and Environmental Design) certification. To get this certification, builders are complying with stricter norms and using sustainable materials. Additionally, such green buildings are gaining massive popularity among consumers. This has been seen to drive the global construction sustainable materials market.
Another key driving factor for the growth of the construction sustainable materials market is ill effects of traditional building materials on the environment as well as on people. This has encouraged the uptake of more environment-friendly materials and thus helped in the development of the market.
However, the high cost of these sustainable materials is turning out to be a key restraining factor for the growth of the global construction sustainable materials market.
Global Construction Sustainable Materials Market: Geographical Outlook
Depending on geography, the global construction sustainable materials is segmented into five key regions viz. North America, Latin America, the Middle East, and Africa, Europe, and Asia Pacific. Of these regional segments, the global market is currently dominated by North America region. It is expected that the region will continue its dominance over the course of the given forecast period of 2019 to 2027. This growth of the North America construction sustainable materials is due to the maximum rate of conversion of using conventional materials to sustainable materials so as to tackle the growing issue of climate change and other environmental concerns though LEED certifications.
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On the other hand, Asia Pacific segment is expected to witness the highest growth potential during the course of the given forecast period of 2019 to 2027. This high growth rate is due to the rapid urbanization and construction activities that are taking place in emerging economies such as India and China.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.