APAC Advanced Building Materials Market Market Size (2024 - 2029)

The APAC Advanced Building Materials Market is projected to experience significant growth, driven by the expanding construction and infrastructure sectors. The market's expansion is supported by the increasing adoption of green building materials to meet net-zero goals and the demand for cost-effective, time-saving construction solutions like ready-mix concrete and precast products. Despite initial disruptions due to the pandemic, the market has rebounded, with partnerships and initiatives further bolstering the use of advanced building materials in development projects across the region.

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Market Size of APAC Advanced Building Materials Industry

APAC Advanced Building Materials Market Summary
Study Period 2020-2029
Base Year For Estimation 2023
Market Size (2024) USD 30.07 Billion
Market Size (2029) USD 44.80 Billion
CAGR (2024 - 2029) 8.30 %
Market Concentration Low

Major Players

APAC Advanced Building Materials Market Major Players

*Disclaimer: Major Players sorted in no particular order

APAC Advanced Building Materials Market Analysis

The APAC Advanced Building Materials Market size is estimated at USD 30.07 billion in 2024, and is expected to reach USD 44.80 billion by 2029, growing at a CAGR of 8.30% during the forecast period (2024-2029).

  • The pandemic had impacted building materials manufacturing and disrupted the supply chain, further preventing the market from expanding due to restrictions, border closures, etc. Additionally, the pandemic caused delays in construction projects, further affecting the advanced building materials industry. Later, after easing restrictions, the market recovered when compared to pre-pandemic levels.
  • The growing building construction and infrastructure sectors are the major drivers of the advanced building materials industry. These materials are employed in construction projects to achieve structural strength, energy efficiency, decarbonization goals, etc. In addition, to meet net-zero goals set by the country, most of the developers are interested in adopting green building materials in development projects.
  • Meanwhile, in April 2023, the Confederation of Real Estate Developers Association of India (Credai) partnered with the Indian Green Building Council (IGBC) to build over 1,000 certified green projects across India in the next two years, and 4,000 projects by 2030, these projects, in turn, bolsters the utilization of advanced building materials.
  • Furthermore, the increasing need for construction time reduction and utilization of cost-effective products is driving the demand for advanced construction materials. In addition, the utilization of ready-mix concrete and precast products saves time in the building construction industry.
  • For instance, in July 2022, AboitizLand partnered with Sumitomo Mitsui Construction Co. Ltd., SMCC Philippines Inc., to innovate its residential projects with the introduction of Japanese precast concrete technology. Thus, the growing construction projects and increasing investments in the infrastructure sector are expected to drive the demand for the advanced building materials industry in the region.

APAC Advanced Building Materials Industry Segmentation

Advanced building materials are referred to as the new generation of construction materials with exceptional properties, making buildings and infrastructure smarter, more sustainable, energy-efficient, and resilient. Furthermore, this report covers market insights, such as market dynamics, drivers, restraints, opportunities, technological innovation, its impact, Porter’s five forces analysis, and the impact of COVID-19 on the market. In addition, the report also provides company profiles to understand the competitive landscape of the market.

The Asia-Pacific (APAC) 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 others), and by country (China, India, Japan, South Korea, Australia, rest of Asia-Pacific).

The report offers market size and forecasts for the Asia-Pacific 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
By Country
China
India
Japan
South Korea
Australia
Rest of Asia-Pacific
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APAC Advanced Building Materials Market Size Summary

The Asia-Pacific advanced building materials market is poised for substantial growth, driven by the burgeoning construction and infrastructure sectors in the region. The market, which faced disruptions due to the pandemic, has rebounded and is now experiencing increased demand due to the rising need for structural strength, energy efficiency, and decarbonization in building projects. The push towards net-zero goals has led to a significant interest in green building materials, with initiatives like the partnership between the Confederation of Real Estate Developers Association of India and the Indian Green Building Council highlighting the region's commitment to sustainable development. The adoption of innovative construction techniques, such as ready-mix concrete and precast products, further underscores the industry's focus on reducing construction time and costs, thereby driving market expansion.

Investment in infrastructure development across the Asia-Pacific region is a key factor propelling the advanced building materials market. Countries like India, China, and Japan are witnessing a surge in infrastructure projects, supported by substantial government funding and international partnerships. The Chinese government's strategic investments, as outlined in its 14th Five-Year Plan, are particularly noteworthy, with significant allocations for green construction and pollution reduction. This trend is mirrored in other countries, with Japan's financial commitments to infrastructure projects in India and China's increased public expenditure. The competitive landscape of the market is characterized by the presence of major players such as Saint-Gobain Group and Henkel Balti O√ú, who are actively expanding their operations and enhancing their product offerings to meet the growing demand.

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APAC Advanced Building Materials Market Market Size - Table of Contents

  1. 1. MARKET INSIGHTS

    1. 1.1 Current Market Scenario

    2. 1.2 Insights on Technological Trends

    3. 1.3 Industry Value Chain/Supply Chain Analysis

    4. 1.4 Spotlight on Government Regulations and Key Initiatives in the Market

    5. 1.5 Market Dynamics

      1. 1.5.1 Drivers

        1. 1.5.1.1 Increase in government expenditures for infrastructural development

        2. 1.5.1.2 Need for reduced construction time and cost-effective products

      2. 1.5.2 Restraints

        1. 1.5.2.1 High initial investments

      3. 1.5.3 Opportunities

    6. 1.6 Industry Attractiveness - 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 By Country

      1. 2.4.1 China

      2. 2.4.2 India

      3. 2.4.3 Japan

      4. 2.4.4 South Korea

      5. 2.4.5 Australia

      6. 2.4.6 Rest of Asia-Pacific

APAC Advanced Building Materials Market Market Size FAQs

The APAC Advanced Building Materials Market size is expected to reach USD 30.07 billion in 2024 and grow at a CAGR of 8.30% to reach USD 44.80 billion by 2029.

In 2024, the APAC Advanced Building Materials Market size is expected to reach USD 30.07 billion.

APAC Advanced Building Materials Market Report Snapshots

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