“Transforming Construction: The Rise of Advanced Building Materials and Sustainable Innovations”
- Vikas Kumar
- June 28, 2023
- ADVANCE MATERIALS & CHEMICALS, BLOG
- Rise in Advanced Building Materials, Rise in Advanced Building Materials Analysis, Rise in Advanced Building Materials Growth, Rise in Advanced Building Materials Size, Rise in Advanced Building Materials Trends
- 0 Comments
Building material is any material used for building purposes. Many natural materials such as clay, sand, wood and stones, even leaves were used to construct buildings. In addition to natural materials, many man-made products are used, some more, some less synthetic. Lightweight materials can be a good option when it comes to home construction. New technologies have also brought about structural metals, and most high-rise buildings are built with steel or other metal frames. Plastics are another widely used modern building material. Plastics are made of polymers and are easily molded in the liquid state. Compared to metal and many other materials, plastic is very light and relatively cheap. Plastic is often used to make pipes and decorate the interior of buildings. Many modern buildings use glass not only for windows but also as an exterior construction material.
The Distribution of Major Markets for Plastics
Market Scope and Structure Analysis
Advanced building materials, unlike conventional building materials, are technologically advanced, helping to construct advanced buildings and reducing the overall cost of the project. These materials include various types of coatings, sealants, polymer composites and concrete admixtures that help improve the life and integrity of structures, provide protection and reduce waste. In addition, advanced building materials include finishing materials used for the aesthetic appearance of buildings. The use of these materials in the construction industry is constantly increasing.
Top Impacting Factors
- The development of the advanced building material market is reliant on the construction industry, and recent increases in spending by governments and corporate organisations in the construction and infrastructure sectors of respective countries are boosting its demand.
- In addition, rising disposable income, population growth, and expanding urbanisation are the driving forces behind the modern technology. Modern building materials have shown to be one of the most valuable resources for reducing project costs overall.
- One of the challenges impeding the growth of the market for advanced building materials is the lack of competent workforce for efficient application and a lack of awareness among small contractors.
- On the other hand, it is anticipated that the development of 3D printing technology and its lower rate of waste would lead to a great need for innovative building materials. During the forecast period, this is anticipated to produce profitable chances for the market expansion of advanced building materials.
Market Trends
- More than half of the global spending on building is expected to occur in Asia, according to estimates. OECD forecasts that Southeast Asian nations would develop by more than 5% during the following five years. This is anticipated to open up a lot of potential in the market for sophisticated construction materials.
- Construction activity in the non-residential building sector is increasing exponentially. An indicator of nonresidential building development investment, the global Dodge Momentum Index rose 11% from 148.0 in August 2021 to 164.9 in September 2021. This shows that the construction sector is regaining momentum following COVID-19. As a result of the tendency, an increase in demand for cutting-edge building materials is anticipated.
- Shanghai Yicheng Juxin Construction Technological Co. Ltd., a global provider of innovative technology services and advanced building materials to the construction industry, has joined the World Cement Association as an associate corporate member (WCA). This decision should enable this business to have a substantial impact on the market for sophisticated construction materials.
Key Innovation
BASF broke ground for the third phase of its Innovation Campus Shanghai and established an academic sounding board. The expansion included an additional research and development (R&D) building and one R&D workshop building. Construction is expected to be completed by the end of 2022, with a total investment of €280 million. This further growth underscores BASF’s ongoing dedication to enhancing China’s and the whole Asia Pacific region’s capacity for innovation. In order to meet the demands of expanding industries including automotive, construction, and coatings, BASF will boost its R&D capabilities for new materials and systems as well as for chemical engineering.
Conclusion
It is not overexaggerating if someone says the entire world is surfing on a rising tide of construction sustainability. Thanks to the energetic progress of science and technology, the “green” approach in this industry has been established in the past few years by several methodologies. The key to this revolution is not merely ideology changing but rather technology modernization in every stage of the building life.
Author: Bobby Singh
