Bio-based materials, derived from renewable biological resources, are increasingly being adopted in the construction industry as sustainable alternatives to conventional materials. The global market for bio-based construction materials has been experiencing significant growth. According to industry reports, it was valued at approximately $14.5 billion in 2022 and is projected to reach $22.8 billion by 2027. While 40% of new construction projects in some European countries incorporate bio-based materials, the adoption rate has lagged behind in North America but is growing. Surety Bond Professionals is a family-owned and operated bonding agency with over 75 years of experience. With access to a broad range of surety markets, our expert agents are ready to assist with all of your construction bond needs. What Are Bio-based Building Materials? Bio-based building materials are derived from biological and renewable sources—primarily plants, animals, or microorganisms. Common examples include timber, bamboo, straw, hemp, cork, mycelium (fungi), and bio-based composites. Unlike traditional building materials like concrete and steel, which are resource-intensive and have high carbon footprints, bio-based materials are often renewable, biodegradable, and can even sequester carbon during their growth phases. What’s Driving the Use of Bio-based Materials in Construction? Sustainability is a key driver of change in...
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