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The rising demand for modular bamboo in construction
Bamboo continues to emerge as a game-changing material for the construction industry - one that combines sustainability, strength and versatility, according to a recent report by Allied Market Research. The sector is set for explosive growth, projected to rise from $1.2 billion in 2022 to an impressive $1.8 billion by 2032. With a steady CAGR of 4.6%, this surge is driven by increasing investments in eco-friendly infrastructure and the growing recognition of bamboo's environmental and structural advantages. As both emerging and developed economies invest more heavily in construction, there is a growing demand for sustainable building materials that are both cost-effective and environmentally friendly. Bamboo, with its rapid growth rate, durability and sustainability, offers a viable alternative to traditional construction materials like timber and steel. As a result, it is becoming an increasingly popular choice in residential, commercial and industrial applications. Unlike timber,...
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