The Green Building Materials by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Green Building Materials, The green building materials market size has grown rapidly in recent years. It will grow from $305.63 billion in 2023 to $338.53 billion in 2024 at a compound annual growth rate (CAGR) of 10.8%. The growth in the historic period can be attributed to strong economic growth in emerging markets, increased construction activities in developing regions, favorable government policies for green buildings, increase in population growth, increasing industrialization, low interest rate environment and technology development.
The green building materials market size is expected to see strong growth in the next few years. It will grow to $490.8 billion in 2028 at a compound annual growth rate (CAGR) of 9.7%. The growth in the forecast period can be attributed to increased need for sustainable and eco-friendly solutions, rising demand for energy-efficient buildings and increasing applications of green building materials in residential and non-residential sectors. Major trends in the forecast period include focus on environment-friendly building materials, focus on mass timber technology, focus on adopting mineral wool insulation technique, focus on green cement, focus on eco-friendly paints, focus on new products launches and focus on partnerships and collaborations.
The increase in demand for green buildings is expected to drive the growth of the green building materials market in the coming years. Green building is the discipline of designing structures and employing procedures from site selection to design, construction, operation, service, remodeling, and deconstruction that are ecologically responsible and resource-efficient. As green building materials are utilized to produce green buildings, the demand for green building materials is also expanding. For instance, in April 2022, according to a report published by CBRE India, a commercial real estate services and investments company, green building has received a lot of attention over the past five years. During that time, the supply of green-certified buildings increased by 37%, adding 78 million square feet of certified stock. Therefore, increasing demand for green buildings is driving the growth of the green building materials market.
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The green building materials market covered in this report is segmented –
1) By Type: Structural, Exterior, Interior, Other Types
2) By Application: Framing, Insulation, Roofing, Exterior Siding, Interior Finishing, Other Application
3) By End-Use: Residential Buildings, Non-Residential Buildings
Environment-friendly building materials are becoming increasingly popular in the green building materials market. The prominent players in the green building materials market are focusing on introducing new product lines with low global warming potential (GWP) without sacrificing product quality. For instance, in August 2021, Owens Corning, a US-based manufacturer of building and industrial materials, launched its new FOAMULAR NGX (Next Generation Extruded) product line in North America. The new product line’s cutting-edge selection of extruded polystyrene (XPS) foam products uses a unique blowing agent to minimize their global warming potential by 90% without sacrificing product quality.
The green building materials market report table of contents includes:
1. Executive Summary
2. Green Building Materials Market Characteristics
3. Green Building Materials Market Trends And Strategies
4. Green Building Materials Market – Macro Economic Scenario
…
32. Global Green Building Materials Market Competitive Benchmarking
33. Global Green Building Materials Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Green Building Materials Market
35. Green Building Materials Market Future Outlook and Potential Analysis
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