Overview and Scope
Green building materials are those that are both locally sourced and renewable. Green building materials use less water and are easier to maintain than comparable products, and they improve a building’s sustainability and efficiency because they emit less carbon pollution.
Sizing and Forecast
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.
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Segmentation & Regional Insights
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
North America was the largest region in the green building materials market in 2023. Asia-Pacific was expected to be the fastest region in the forecast period. The regions covered in the green building materials market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
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.
Key Industry Players
Major companies operating in the green building materials market report are Owens Corning, BASF SE, Kingspan Group Plc, E. I. du Pont de Nemours And Company Co. Ltd., Interface Inc., Saint-Gobain (CertainTeed Corporation), Forbo International SA, Amvik Systems, Alumasc Group Plc, Bauder Limited, China State Construction Engineering Corporation (CSCEC), China Communications Construction Company Limited (CCCC), Shanghai Construction Group (SCG), SGS Group, Larsen & Toubro, GMR Group, Hindustan Construction company, Kajima Corporation, GVK Group, Shimizu Corporation, Sika AG, Välinge Flooring, HeidelbergCement, LafargeHolcim, Aerzener Maschinenfabrik GmbH, SCHMIDT Technology GmbH, Colt International Licensing Limited, Gsky Plant Systems, Hachler GmbH, Sensor spol. s r.o, Norsonic AS, Internationale Geotextil GmbH, GreenKeys, Mastal Sp zo.o, Grudnik Sp. Z O. O., KONTUR SP. Z O.O., ATT Sp. Z. O.O., Departysh D Ltd., Macon Group, Somaco, Supertech Q Materials SRL, Iridex Group, Matcons, Turner Corp, Aecom, Clark Group, Swinerton, Hensel Phelps, Skanska USA, Lendlease, Gilbane Building Co, Battle Lake Design Group, Alberta, EDGE Colombia, Electro Aco Altona, Suzano, Votorantim Cimentos Brasil, Klabin, Cielo Brazil, TUPY, BR Metals Fundições Ltda, Middle East Building Materials LLC
The green building materials market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
………..
27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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