Market Size of Lightweight Construction Materials Industry
| Study Period | 2019-2029 |
| Market Size (2024) | USD 153.73 Billion |
| Market Size (2029) | USD 186.81 Billion |
| CAGR (2024 - 2029) | 3.97 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Europe |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Lightweight Construction Materials Market Analysis
The Lightweight Construction Materials Market size is estimated at USD 153.73 billion in 2024, and is expected to reach USD 186.81 billion by 2029, growing at a CAGR of 3.97% during the forecast period (2024-2029).
- As the world's population becomes increasingly urbanized, there is a growing demand for high-rise buildings. Lightweight construction materials can be used to reduce the weight of these buildings, which can save on foundation costs and reduce the risk of earthquakes. For example, the North American urban population for 2022 was 308,798,139, a 0.77% increase from 2021.
- The North American urban population for 2021 was 306,441,356, a 0.44% increase from 2020. The North American urban population for 2020 was 305,103,974, a 1.22% increase from 2019. Furthermore, in 2022, the degree of urbanization worldwide was at 57 percent. North America was the region with the highest level of urbanization, with over four-fifths of the population residing in urban areas.
- Lightweight construction materials can help to improve the energy efficiency of buildings by reducing the amount of heat that is lost through the walls and roof. For instance, the value of investments in energy-efficient buildings in H1 2023 was higher in Europe than in any other region. Investments for that market in China amounted to USD 22 billion, which was somewhat lower than in the United States (USD 28 billion). These investments are necessary to reduce the environmental impact of buildings, as they were responsible for a significant share of global greenhouse gas emissions. These materials can help to reduce the environmental impact of construction by using fewer raw materials and producing less waste.
- Lightweight construction materials play a crucial role in the aerospace and defense sectors, enabling the development of highly efficient and durable structures for aircraft, spacecraft, and defense vehicles. These materials contribute to significant weight reduction, enhancing fuel efficiency, increasing payload capacity, and improving overall performance. Since 2013, a total of approximately USD 272 billion of equity investments have been made in space companies worldwide. United States space companies have accounted for almost 47 percent of the total investment, followed by China with 29 percent.
