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The Advanced Building Material Market is experiencing significant growth, powered by the demand for sustainability, rapid urbanization, and breakthroughs in material science and construction technology. As of 2024–2025, the global market is valued between USD 60–280 billion (depending on scope and definition) and is projected to reach USD 92–450 billion by 2030–2034. The projected compound annual growth rate (CAGR) varies, commonly cited between 5.9% and 7.2% through the next decade.
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Competitive Landscape
Major Players: The market is highly competitive yet fragmented with leading global companies investing in R&D, capacity expansion, and sustainability. Top players include Kingspan Group, PPG Industries, BASF, DowDuPont, Saint-Gobain, Cemex, APV Engineered Coatings, Oerlikon Balzers, Sherwin-Williams, and Knauf Gips.
Strategic Moves: Frequent activities include product launches, partnerships for innovation, expansion in emerging markets, and the introduction of bio-based, prefabricated, or high-performance materials.
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