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Stock impact report

Revolutionizing Construction: The Rise of Bio-based and Sustainable Building Materials for a Greener Future [Yahoo! Finance]

Algoma Steel Group Inc. (ASTL) 
Company Research Source: Yahoo! Finance
industry, providing detailed insights into market trends, technological developments, and growth opportunities through 2035. Dublin, Dec. 12, 2024 (GLOBE NEWSWIRE) -- The "Global Market for Bio-based and Sustainable Construction 2025-2035" report has been added to ResearchAndMarkets.com's offering. Bio-based materials comprise roughly 10% of total construction materials, with primary segments including engineered wood products, bio-based insulation, natural fiber composites, and recycled materials. Mass timber leads growth, particularly cross-laminated timber (CLT) with 30% annual growth. Bio-based insulation materials, including hemp, straw, and mycelium-based products, show 15-20% annual growth. Market expansion through 2030 will be driven by: Increasing carbon reduction regulations Growing green building certification requirements Improved material performance and durability Cost competitiveness with traditional materials Enhanced manufacturing scalability Emergin Show less Read more
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