Green Building Materials Market

Green Building Materials Market Size Analysis

According to a recent survey conducted by ChemView Consulting, the Global Green Building Materials Market grew at a CAGR of 7.0% between 2017-2021 and is estimated to be US$ 2,14,876.3 Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 7.8 % and is expected to reach a valuation of US$ 4,55,382.3 Mn by 2032 end.

Throughout the projected period, the market is anticipated to grow in response to rising demand for environmentally friendly building materials increases; there is a high potential for green building materials to have a high market share in the future.

Market Dynamic

GROWING AWARENESS REGARDING ECO-FRIENDLY PRACTICES

The increasing awareness about environmental concerns in recent times is one of the significant factors driving the demand for the green building materials market. LEED building is a widely used green building rating system. The increase in building sustainable structures with eco-friendly products to minimize carbon footprint increases the demand for green building materials.

HIGH INVESTMENT COSTS HAMPER THE MARKET GROWTH

The high capital investments in green building materials are one of the biggest challenges to the market. Green building materials are alternatives to mainstream building materials; therefore, they must be of good quality. Furthermore, very few companies in the market are working on green building and green construction policies, as it requires expertise on the subject matter. This is almost certainly hampering the development of this market.

GROWING GOVERNMENT INCENTIVES AND INITIATIVES CREATE MORE OPPORTUNITIES FOR THE MARKET

The green building materials market has witnessed widespread growth over the past years and is expected to continue its upward momentum, owing to government initiatives and incentives. This demand is driven by several factors, such as an emphasis on energy efficiency and low carbon emissions, stringent building specifications, growing concern about global warming, and challenges faced by urban planners and builders in meeting strict environmental & climate change regulations.

Market Segments Covered in Report

By Type :

• Exterior Products
• Interior Products
• Building Systems
• Solar Products
• Others

By Application :

• Interior Finishing
• Flooring and Roofing
• Waterproofing systems
• Sealing and Bonding
• Refurbishment
• Insulation
• Framing

By End-Use Industry :

• Building & Construction
• Infrastructure

By Region and Country :

• North America (U.S., Canada)
• Latin America (Brazil, Mexico, Rest of Latin America)
• Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
• Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
• Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
• Africa (South Africa, Nigeria, Egypt, Rest of Africa)

Segment-Wise Analysis

Why is the Building systems segment projected to ensure the most revenue during the forecast period?

At 45.0% of the market, Building systems had the greatest revenue share. The demand for green building materials reflects the growing concern about energy and carbon emissions worldwide. The ever-increasing demand is anticipated to continue its growth in the coming years as people are looking to live more sustainable lifestyles. Government schemes and incentives related to using renewable energy sources and promoting sustainable design are also expected to impact market growth positively.

Why is the Interior finishing segment expected to expand the fastest during the forecast period?

In 2021, The interior finishing segment held the largest share of 32.0% in the green building materials market 2021. Green building materials are becoming more popular as they can help save energy and reduce CO2 emissions. This increased demand for green building materials from interior designers is expected to drive their growth over the forecast period.

Region-Wise Analysis

The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.

• In 2021, The North American region held the largest share of 37.9% in the green building materials market; a high growth rate in the construction industry coupled with increased investments in green buildings and construction materials is fueling the green building materials market across the globe.
• Asia-Pacific emerged as the highest revenue contributor in the global green building materials market during the forecast period. This is due to increasing construction activities in this region, which is expected to drive the overall global green building materials market growth shortly. The growing number of government initiatives contribute significantly to developing the green building materials market.

Competition Analysis

Major corporations are utilizing organic and inorganic development tactics to strengthen their position in the market. Developing a diverse product range allows a company to offer products that are relevant across all industries, ensuring strong growth for a long time.

Some of the key developments that have taken place in the Green Building Materials Market include:

• In November 2018, The US Green Building Council and the Health Product Declaration Collaborative (HPDC) partnered. The collaboration will hasten the use of healthier building materials in both commercial and residential structures.
• In January 2018, Dow Building Solutions and the US Green Council worked together (USGBC). The collaboration aims to improve building energy efficiency to lower greenhouse gas emissions.

A list of some of the key suppliers present in the market are:

• Alumasc Group Plc
• Amvik Systems
• BASF SE
• Bauder Limited
• Binderholz GmbH
• CertainTeed Corporation
• DuPont de Nemours Inc
• Forbo International SA
• Interface Inc.
• Kingspan Group PLC
• Lafarge
• National Fiber
• Owens Corning
• PPG Industries
• RedBuilt, LLC
• Reward Wall Systems
• Structurlam Products Ltd.

Report Coverage and Highlights

• Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
• Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
• The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
• Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
• Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
• Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
• Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
• Key drivers, restraints, opportunities, and emerging trends impacting the market growth.
• Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
• Strategic market analysis, recommendations, and future headways on crucial winning strategies.