PUBLISHER: UnivDatos Market Insights Pvt Ltd | PRODUCT CODE: 1790739
PUBLISHER: UnivDatos Market Insights Pvt Ltd | PRODUCT CODE: 1790739
A bio-composite building material, hempcrete, is achieved by mixing the woody core of the hemp plant (hemp hurds) with a lime-based binder. Hempcrete is cost-effective, environmentally friendly, and harmless to the public since it is lightweight, breathable, easily recycled, and carbon-negative, therefore, providing a highly insulating, moisture-rectification, and fire-resistant building material. It is non-structural compared to traditional concrete and is ordinarily applied in infill building walls, wall insulation, and prefabricated panels in timber-framed buildings. The demand for low-impact building materials on a global scale is increasing, and, as such, hempcrete is becoming more popular in residential, commercial, and retrofit works because of its strong qualities and the regeneration of material and compatibility with green building standards, such as LEED and BREEAM.
The Hempcrete market is set to show a growth rate of about 4.8% during the forecast period (2025- 2033F). The hempcrete industry is experiencing fast growth due to increasing demand for hempcrete globally to be used in the construction industry, green infrastructure, and environmental engineering. Now that climate resilience and carbon reduction are at the top of the priority issues on the world scene, hempcrete's interest in its carbon negative aspects, flame and mold resistance, and insulating qualities is becoming renewed. The increasing use of hempcrete in non-toxic lightweight breathable applications (an alternative to traditional concrete) is being specified in new residential and commercial green buildings across the nation. Simultaneously, the changing regulatory environments in the EU, North America, and Asia-Pacific are being shaped into favorable environments for bio-based building materials. The fast-developing economies in Southeast Asia, Latin America, and Sub-Saharan Africa are enlightening their cities, and this is creating new opportunities for embracing hempcrete. In the meantime, there is an increase in prefabrication and automated mixing systems, which overcome prior limitations of scale, thus making the material more feasible to use on a mainstream basis. The market is also reacting towards diversification of the global supply chain, especially as the local production of hemp continues to grow.
The market is segmented on the basis of type as standard hempcrete, hempcrete blocks, and hempcrete plaster. Among these, the hempcrete block segment has had the largest market share, largely due to its block-like quality, low installation cost, and its compatibility with contemporary construction methods. The blocks are consistent in density, dimension, and thermal performance, and hence, they are very desirable in building projects, both residential and commercial. The precast design of hempcrete blocks saves time and the work expended in building, as well, which are two of the major problems when employed in on-site mixing. Besides, the prefabricated and off-site building solutions market has also expanded substantially in the last few years, which is also proving to be in favor of the use of hempcrete blocks. They can also be helpful in green buildings and buildings whose goal is certification (LEED or BRE, among others) due to their carbon-sequestering and responsible sourcing. With construction activities moving to more sustainable and scalable processes, the hempcrete block segment is expected to remain at the top of the market.
The market is categorized on the basis of application, as wall, floor, and roof. Among these, the wall segment has been enjoying a substantial market share mainly because of the good thermal insulation property, the fire resistance of this material, due to which it reduces heat, and is also breathable. Hempcrete walls are good at controlling interior humidity and temperature, hence they are suitable for energy-efficient and passive housing. Also, the rising consciousness involves sustainable building and the spread of using hempcrete in building storeys, both in houses and in businesses, which are the demand drivers. Its convenience in casting hempcrete in the molds on the walls, or even precasting blocks, helps promote its use further by shortening its timelines. The green building certifications, together with government incentives, also augur well for its market.
The market is segmented into residential and non-residential on the basis of end-user. Among them, the residential type has obtained the leading share of the market, which is highly stimulated by the increased demand for green and energy-saving housing. Homeowners and builders are also considering hempcrete, which is non-toxic and has an amazing thermal performance, carbon-negative impact, and IAQ. The property of the material, which can maintain humidity and has a low cost of the heating and cooling process, makes it very appealing to use in sustainable housing. Further, the government incentives to build houses using hempcrete (gov subsidies) and the increased popularity of off-grid designs and passive houses are further spurring the use of hempcrete in residential construction.
For a better understanding of the market adoption of Hempcrete, the market is analyzed based on its worldwide presence in countries such as North America (U.S., Canada, and the Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Rest of Asia-Pacific), Rest of World. Among these, the Europe region has held the dominant market share. As the region follows strict government and industrial policies to reduce pollution caused by construction, as well as the rising production of hemp in countries such as France, Italy, and Spain, this has also supported the easier adoption of hempcrete in various construction infrastructure.
Some major players running in the market include The Hempcrete Co., Hempitecture Inc., IsoHemp, American Lime Technology, Hemp Eco Systems Group, HempFlax Group B.V., Hemp Building Company, JustBioFiber, Americhanvre, and Schonthaler Hempstone.