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Europe Advanced Building Materials Market Size (2024 - 2029)

The Europe Advanced Building Materials Market is experiencing growth driven by increased government spending on infrastructure development. This expansion is closely linked to the region's ambitious environmental goals, particularly the reduction of carbon emissions from buildings, which are significant contributors to global CO2 emissions. The European Union's initiatives, including subsidies and grants for green renovations, are facilitating energy-efficient upgrades in residential and commercial properties. These efforts are crucial for achieving the long-term objective of net-zero emissions by 2050, highlighting the importance of the market's expansion in the context of sustainability and environmental responsibility.

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Market Size of Europe Advanced Building Materials Industry

Europe Advanced Building Materials Market Summary
Study Period 2020-2029
Base Year For Estimation 2022
Market Size (2024) USD 15.90 Billion
Market Size (2029) USD 21 Billion
CAGR (2024 - 2029) 5.69 %
Market Concentration Medium

Major Players

Europe Advanced Building Materials Market Major Players

*Disclaimer: Major Players sorted in no particular order

Europe Advanced Building Materials Market Analysis

The Europe Advanced Building Materials Market size is estimated at USD 15.90 billion in 2024, and is expected to reach USD 21 billion by 2029, growing at a CAGR of 5.69% during the forecast period (2024-2029).

  • .The increase in government expenditures for infrastructural development, such as construction and infrastructure developments, largely drives the market.
  • Europe has ambitious goals to clear the air, so to speak, by 2050. However, reducing carbon emissions to net zero won't be easy—or cheap. Cutting emissions from buildings, which are responsible for roughly 30% of global carbon dioxide emissions, is essential to achieving net zero. More than EUR 5 trillion (roughly USD 5.42 trillion) in investments in building energy efficiency will be required to achieve that goal by 2050.
  • The European Union is paving the way toward green renovations, starting with subsidies and grants to cover the significant upfront costs of decarbonizing old and inefficient buildings. This initiative has helped increase the number of European consumers carrying out energy-efficient renovations at home to 46% in the last 12 months, compared with 42% the previous year.
  • Many residential and commercial building owners have undertaken renovations such as adding wall or roof insulation, replacing doors and windows with double- and triple-glazed models, upgrading heating systems, and installing solar panels.

Europe Advanced Building Materials Industry Segmentation

Advanced building materials are a new generation of construction materials that demonstrate exceptional properties, making buildings and infrastructure smarter, more sustainable, energy-efficient, and resilient.

The advanced building material market is segmented by application (building construction, infrastructure), by type (green materials, technically advanced), by material (advanced cement and concrete, cross-laminated timber, structural insulated panel, sealants, and other materials), and by geography (Germany, France, Italy, United Kingdom, and rest of Europe).

The report offers market size and forecasts for the Europe advanced building materials market in value (USD) for all the above segments.

By Application
Building Construction
Infrastructure
By Type
Green materials
Technically advanced
By Material
Advanced cement and concrete
Cross-laminated timber
Structural insulated panel
Sealants
Other Materials
Geography
Europe
Germany
UK
France
Russia
Spain
Rest of Europe
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Europe Advanced Building Materials Market Size Summary

The Europe advanced building materials market is poised for significant growth, driven by increased government investments in infrastructure and a strong focus on reducing carbon emissions from buildings. As buildings account for a substantial portion of the EU's energy consumption and greenhouse gas emissions, the European Union has set ambitious targets to enhance energy efficiency and reduce emissions by 2030. This has led to a surge in energy-efficient renovations, supported by subsidies and grants, which have encouraged a growing number of consumers to invest in energy-saving upgrades for their homes and businesses. The EU Green Buildings Pact further aims to double renovation rates by 2030, with a particular focus on improving the worst-performing residential and non-residential buildings across member states.

The market is characterized by a competitive landscape with key players such as Saint-Gobain Group, DowDupont Inc., Kingspan Group Plc, PPG Industries Inc., and BASF SE leading the charge. The adoption of recycled and eco-friendly materials, along with innovations like smart materials, self-healing technologies, and nanotechnology, is expected to drive demand for advanced building materials. Recent strategic acquisitions, such as Kingspan Group's acquisition of a majority stake in Steico SE, highlight the industry's focus on expanding capabilities and enhancing product offerings. These developments underscore the market's trajectory towards more sustainable and efficient building solutions, aligning with the broader EU goals of achieving net-zero emissions and improving building performance.

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Europe Advanced Building Materials Market Size - Table of Contents

  1. 1. MARKET INSIGHTS AND DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Increase in government expenditures for infrastructural development

      2. 1.2.2 Need for reduced construction time and cost-effective products

    3. 1.3 Market Restraints

      1. 1.3.1 High initial investments

    4. 1.4 Market Opportunites

      1. 1.4.1 Rapid urbanization and industrialization

    5. 1.5 Value Chain / Supply Chain Analysis

    6. 1.6 Porter's Five Forces Analysis

      1. 1.6.1 Threat of New Entrants

      2. 1.6.2 Bargaining Power of Buyers/Consumers

      3. 1.6.3 Bargaining Power of Suppliers

      4. 1.6.4 Threat of Substitute Products

      5. 1.6.5 Intensity of Competitive Rivalry

    7. 1.7 Impact of Covid-19 on the market

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Application

      1. 2.1.1 Building Construction

      2. 2.1.2 Infrastructure

    2. 2.2 By Type

      1. 2.2.1 Green materials

      2. 2.2.2 Technically advanced

    3. 2.3 By Material

      1. 2.3.1 Advanced cement and concrete

      2. 2.3.2 Cross-laminated timber

      3. 2.3.3 Structural insulated panel

      4. 2.3.4 Sealants

      5. 2.3.5 Other Materials

    4. 2.4 Geography

      1. 2.4.1 Europe

        1. 2.4.1.1 Germany

        2. 2.4.1.2 UK

        3. 2.4.1.3 France

        4. 2.4.1.4 Russia

        5. 2.4.1.5 Spain

        6. 2.4.1.6 Rest of Europe

Europe Advanced Building Materials Market Size FAQs

The Europe Advanced Building Materials Market size is expected to reach USD 15.90 billion in 2024 and grow at a CAGR of 5.69% to reach USD 21 billion by 2029.

In 2024, the Europe Advanced Building Materials Market size is expected to reach USD 15.90 billion.

Europe Advanced Building Materials Market Report Snapshots

Europe Advanced Building Materials Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)