The way we build homes and offices is constantly changing. In the modern age, there is more pressure than ever on big businesses and construction firms to build more efficiently. But that's not the only issue they face! How are building material startups helping to change construction for good?
A Building Industry
Construction material in the US makes up a colossal amount of business. It's thought that material retailers in the US sell more than $1,100 in product per capita. Therefore, demand for strong, reliable, and sustainable material is constantly growing.
In fact, pressures for sustainability are building up. Some startups, at home and international, are working to help develop construction material sourced from recycling. With plastic waste choking the oceans, why shouldn't we use some of it to build skyscrapers?
However, the bigger pressure in play is efficiency. As populations grow, demands on business and industry follow. This means there is a need for more city development, more facilities, and some communities to build up at speed.
How are ventures in the US helping to transform the way we think about construction materials?
Startups Mixing Up Material
PaverGuide is a great US example to lead with. This firm focuses on our aforementioned suggestion regarding recycled material production. Specifically, PaverGuide creates sidewalk material that is 100% permeable. This is, at its core, made entirely from recycled plastic.
In fact, PaverGuide is raising eyebrows among many investors in the sphere. Their plastic-based product can retain water to the same extent as your standard sub-base.
X3 Builders, meanwhile, is an innovative firm focusing on the efficiency side of the problem. Their model provides real-time design and procurement support. Their technology allows users to analyze material needs and ad hoc costs carefully. Flexibility is key.
The California firm appeals to existing construction experts in that they aim to simplify all ends of the chain. Procurement, budgeting, and actively using material all swallow time and money.
Elsewhere in CA, Arqlite offers a gravel alternative solution that's rooted in plastic refuse. Specifically, unlike PaverGuide, Arqlite's technology roots in plastic you can't recycle. Producing concrete and drainage solutions, it's thought the company may exceed 18,000 tons produced each year.
Fieldwire, meanwhile, provides an end-to-end solution for construction site managers. Aware of the time-consuming disconnect between construction offices and their sites, their tech creates bridges. Specifically, this allows budgets and health protocols to follow to the last digit.
Where Will Construction Go From Here?
The future of construction in the US and elsewhere, of course, is likely to revolve around environmental impact. However, efficiency, supply and demand are also going to tie down professionals. The ventures explored above are only really scratching the surface. It'll be interesting to see where innovations lead by mid-decade, with demands always increasing.
Investors keen to get into construction and building can find a wide variety of startups in online databases. The future in construction innovation may be waiting to uncover via Fundz, for example.