Global Green Building Market Size, Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI3487
Global Green Building Market is anticipated to grow on account of rising Net Zero Energy Emission Building (NZEB) codes along with increasing focus toward energy conservation. In 2018, the European Commission introduced a binding energy efficiency target of 32.5% to reduce CO2 emission from building by 2030. Supportive government incentives and policies to encourage green constructions coupled with sustainable certifications are projected to boost the product adoption. Moreover, enhanced human experience and asset value addition will strengthen the business outlook.
Commercial green building market will grow owing to low maintenance and less operational cost along with reduction in consumption of water resources. Sustainable design, waste control and reduced carbon footprints are key parameters positively influencing the industry landscape. In addition, ongoing research and development activities toward enhancement in construction and design techniques will drive the product demand.
Interior green building market is set to grow on account of improved indoor environment through reduction of volatile organic compounds. High durability, resource conservation and controlled toxic emissions will further complement the product penetration. Moreover, utilization of green materials including wall paint & coating without lead content, ventilation systems and better lightning solutions is set to strengthen the business landscape.
Exterior green building market is projected to grow owing to rising awareness toward maintaining biodiversity coupled with focus toward of renewable resources. Energy efficiency, sustainability, reliability, breathability and weather resilience are some of the prime factors propelling the product demand. In addition, the solutions including cool & green roofs, solar walls and rain gardens are anticipated to encourage industry outlook.
Europe green building market will grow on account of rapid climatic changes and stringent regulations to limit GHG emissions from buildings. Introduction of various directives toward the promotion of energy efficiency activities along with aim to ensure zero energy building emission by 2030 will positively influence the industry scenario. Moreover, low operating cost, improved construction material and low payback period will drive the business landscape.
Asia pacific green building market is anticipated to grow owing to rapid industrialization and increasing population. Growing environment concerns and measures toward promotion of clean energy coupled with increasing R&D activities are projected to support the industry outlook. In addition, environment regulations to support healthy building, reduce pollution and conservation of energy will boost the product adoption.
The U.S. green building market is set to grow on account of rising standard of living and demand for better performing buildings. Improving population health, increasing sustainable business practice and lower operating cost is anticipated to boost the product demand. Moreover, digital systems for performance benchmark and continuous measuring and tracking of building activities will drive the industry landscape.
Key players in the green building market include Kingspan Group plc, The Alumasc Group Plc, Ginkgo Sustainability, Green Build Products Pvt Ltd, E. I. duPont de Nemours and Company, Weinerberger AG, Green Building Store, Korte, Owens Corning, Forbo International SA, Bauder Limited, Lafarge and Binderholz Gmbh.
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