Advanced building materials market set to hit $111.7B by 2031

By AI, Created 11:01 AM UTC, May 29, 2026, /AGP/ – A new Allied Market Research report projects the global advanced building materials market will nearly double from $56.7 billion in 2021 to $111.7 billion by 2031, driven by infrastructure spending, urbanization and demand for faster, more sustainable construction. The study also flags high production costs and supply chain disruption as key headwinds.

Why it matters: - The market’s projected rise to $111.7 billion by 2031 signals stronger demand for materials that can cut build times, improve durability and support sustainability goals. - Infrastructure programs and urban growth are expected to keep advanced materials central to roads, subways, tunnels and commercial construction. - The report identifies both growth opportunities and cost pressures that could shape purchasing and investment decisions across construction supply chains.

What happened: - Allied Market Research said the global advanced building materials market was valued at $56.7 billion in 2021 and is projected to reach $111.7 billion by 2031. - The market is forecast to grow at a 6.8% compound annual growth rate from 2022 to 2031. - The report covers advanced cement, cross-laminated timber, structural insulated panels, sealants and related products. - Allied Market Research published the report from Wilmington, Delaware. - The company posted a sample report request and a purchase inquiry form.

The details: - Government spending on infrastructure is a major demand driver, especially for roads, subways, tunnels and commercial buildings. - The report says the global population is expected to grow by about two billion by 2040, while urban populations rise by 46%. - Ready-mix concrete and precast products are highlighted for reducing construction time and cost. - In February 2020, a road in Nagpur, India, was built in six hours using precast concrete pavement, versus a typical 8- to 10-day timeline. - In January 2021, Gage Brothers Concrete Products completed a 440,000-square-foot N95 manufacturing facility in 52 days using precast concrete components. - Kingspan Group acquired Ondura in September 2021 to strengthen its roofing and waterproofing business in Europe and North America. - The market faces a restraint from the high cost of advanced materials, which often require specialized machinery. - Eco-friendly alternative materials that emit zero radiation or harmful gases during production are also weighing on demand. - COVID-19 lockdowns disrupted production and construction in 2020, with demand falling in China, the U.S., Germany, Italy and the UK. - Supply chain disruptions added to the slowdown. - The report says the market is expected to recover by the end of 2022 as vaccines roll out and construction activity resumes.

Between the lines: - Green materials are expected to post the fastest growth because buyers are prioritizing lower energy use, reduced consumption and healthier indoor environments. - Technically advanced materials held the largest share in 2021 because they are already embedded in modern construction practices. - Advanced cement and concrete dominated the market in 2021 because of their durability and versatility. - Sealants are projected to grow the fastest among material segments. - Asia-Pacific held the largest regional revenue share in 2021, driven by rapid urbanization in China and India. - LAMEA is expected to grow the fastest, reflecting construction activity in the Middle East and Africa. - The competitive field includes Saint-Gobain Group, DowDupont Inc., Kingspan Group Plc, PPG Industries Inc., BASF SE, APV Engineered Coatings Inc., Cemex, Knauf Gips KG, Oerlikon Balzers Coating India Limited and Sherwin-Williams Company. - Companies in the sector are using acquisitions, partnerships and expansions to broaden product lines and geographic reach. - Kingspan also acquired Troldtekt A/S in 2022 to expand insulation and roofing solutions. - Sherwin-Williams acquired AquaSurTech, and Sika AG bought a European industrial coatings business, to widen coatings offerings.

What’s next: - Demand is likely to stay tied to public infrastructure spending, urbanization and the shift toward faster, more efficient building methods. - Emerging economies may offer the biggest expansion opportunities as construction activity and sustainability requirements increase. - Manufacturers are expected to keep investing in technology, supply resilience and operational efficiency after pandemic-era disruptions. - The report points to continued competition around acquisitions and product expansion as companies try to capture faster-growing segments.

The bottom line: - Advanced building materials are moving from niche options to core inputs for modern construction, with sustainability and speed now as important as strength.