Mycelium-based Building Materials Market To Reach $2,546.8 Million By 2033

Mycelium-based Building Materials Market Growth & Trends

The global mycelium-based building materials market size is anticipated to reach USD 2,546.8 million by 2033, growing at a CAGR of 12.1% from 2025 to 2033, according to a new report by Grand View Research, Inc. The market is primarily driven by the growing shift toward sustainable and eco-friendly construction practices. With rising concerns over climate change and the environmental impact of traditional materials such as concrete, plastic, and foam, mycelium presents a renewable and biodegradable alternative. Its production requires minimal energy and generates significantly lower carbon emissions. As governments and industries promote green building certifications and circular economy initiatives, demand for mycelium-based materials continues to strengthen. This shift aligns with global sustainability goals and fosters innovation in bio-based construction solutions.

The superior thermal and acoustic insulation properties of mycelium-based materials are driving their use in residential, commercial, and industrial construction. Builders and architects are seeking materials that reduce energy consumption while maintaining comfort and structural integrity. Mycelium insulation panels help lower heating and cooling requirements, contributing to long-term energy efficiency and cost savings. Furthermore, their natural resistance to fire and moisture adds value in sustainable construction projects. As energy regulations tighten worldwide, the adoption of mycelium insulation solutions is expected to rise steadily.

Continuous innovation in biofabrication techniques and material science is accelerating the scalability and performance of mycelium-based products. Advanced cultivation methods now allow for precise control over density, strength, and growth conditions, resulting in consistent quality suitable for structural and decorative applications. The integration of digital design and biotechnology enables the creation of complex shapes and customized components for modern architecture. Additionally, ongoing research in hybrid composites that combine mycelium with other natural fibers is expanding the range of potential applications. These technological advancements are crucial in enhancing product reliability and market acceptance.

Governmental support for sustainable development and stricter environmental regulations are key drivers of the mycelium-based building materials market. Policies encouraging low-carbon construction materials and waste reduction have created favorable conditions for bio-based innovations. Tax incentives, grants, and green certification programs are encouraging builders to adopt renewable alternatives such as mycelium composites. Additionally, global frameworks like LEED and BREEAM are recognizing the role of mycelium materials in achieving eco-friendly building ratings. This policy-driven momentum is expected to significantly enhance the commercial adoption of mycelium products in upcoming infrastructure projects.

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Mycelium-based Building Materials Market Report Highlights

• Based on products, mycelium insulation panels led the market and accounted for the largest revenue share of 37.1% in 2024, driven by the increasing emphasis on sustainable and energy-efficient building materials.

• Based on applications, the roofing & insulation segment dominated the market and accounted for the largest revenue share of 31.7% in 2024, driven by the increasing preference for lightweight, durable, and biodegradable roofing materials.

• Asia Pacific held the largest revenue market share of 44.6% in 2024, primarily driven by rapid urbanization and rising environmental concerns associated with conventional construction materials.

Mycelium-based Building Materials Market Segmentation

Grand View Research has segmented the global mycelium-based building materials market on the basis of product, application, and region:

Mycelium-based Building Materials Product Outlook (Revenue, USD Million, 2021 - 2033)

• Mycelium Insulation Panels

• Mycelium Bricks & Blocks

• Mycelium Acoustic Panels

• Mycelium Composites

• Others

Mycelium-based Building Materials Application Outlook (Revenue, USD Million, 2021 - 2033)

• Walls & Partitions

• Roofing & Insulation

• Flooring & Underlayment

• Acoustic & Aesthetic Applications

• Others

Mycelium-based Building Materials Regional Outlook (Revenue, USD Million, 2021 - 2033)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

• Asia Pacific

  • China

  • Japan

  • India

• Central & South America

• Middle East & Africa

List of Key Players in Mycelium-based Building Materials Market

• Myconom Bio Materials

• MIMBIOSIS

• Mykor

• Mogu Srl

• Ecovative LLC

• MycoFoundry (Canada)

• COMU Labs Inc.

• MycoWorks Inc.