Market Size of Europe Advanced Building Materials Industry
| 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
*Disclaimer: Major Players sorted in no particular order |
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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.
