Green Building Materials Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Sweden, Italy, Spain, Netherlands, China, Japan, India, South Korea, Australia, Brazil, Mexico, Argentina, Saudi Arabia, UAE, South Africa), Growth Potential, Competitive Market Share & Forecast, 2021 – 2027
Report ID: GMI4990
Green Building Materials Market size is estimated to witness strong growth from 2021 to 2027 owing to massive construction activities and environmental regulations & policies toward sustainable materials. Rising demand for energy-efficient building materials is expected to drive the industry growth.
What are the green building materials?
Green building materials offer low carbon pollution, reducing the threat of global warming by not letting down the development activities. The declining cost of green materials compared to conventional materials and quality upgrades along with less contamination of freshwater resources will fuel the demand.
Green building materials are eco-friendly, recyclable, and durable, which create ample scopes for the studied market for use in construction activities. Low operational and transportation costs are the major factors, propelling the green building materials market across the globe. In addition, rapid urbanization and public awareness allow the adoption of modern techniques and trends of energy-efficient structures with low maintenance costs.
Besides, the advancement of technologies including green insulation, cool roofs, sustainable resource sourcing, etc., is improving processes that provide resource-efficient solutions over the building lifecycle. Government policies are boosting the adoption of green building materials positively. Several countries are developing programs to promote sustainable green materials in the construction sector to meet building standards. For instance, the U.S. mandates LEED certification for newly constructed office buildings to receive PDC funding.
However, sluggish growth in the construction sector across the globe limits revenue generation. Due to the global pandemic, the construction sector is affected adversely in different ways. Country-wide lockdown and regulations are squeezing the scope of the construction market size. The market is highly fragmented, offering average growth potential.
Based on types, the green building materials market is segmented into structural, interior, exterior, and others. Structural products are likely to grow at a considerable rate during 2021 to 2027 as they reduce carbon footprints and provide quality services at affordable prices. In developing nations, the construction industry growth drives the economy, which further contributes to the market share. Interior materials offer several benefits including greater loadbearing capacity, enhancing indoor environmental quality, and several customizable options, which are expected to account for significant growth throughout the forecast period.
Based on application, insulation and roofing are poised to hold a major market share in the industry. Rising public awareness and minimizing operational costs will increase the use of green materials in residential and commercial construction sites. The advanced green roofing technology offers a vinyl roofing membrane that comprises multilayer soil and a drainage system to grow vegetation at the terrace and balcony gardens. A mixture of recycled rubber, sludge, and non-toxic chemicals provides greater insulation and durability, thus surging the demand for insulation and roofing applications.
Based on end-users, the green building materials market is divided into residential, commercial, institutional, and others propelled by the rising demand for green materials as per government standards. To avail financial benefits, the commercial construction sector will witness a major market share followed by residential and institutional constructions. Rising income levels also facilitate the use of green materials in residential applications.
North America accounts for the largest green building materials market share in 2020 impelled by supportive building construction policies and standards. Countries including Canada and the U.S. are anticipated to promote green materials in the building construction sector. Europe has already applied several programs to increase the demand for green materials. It is projected that the demand for structural materials will rise through 2027. In the Asia Pacific region, countries including India and China have witnessed severe pollution problems in the past few years.
Governments are taking initiative steps to minimize pollution by applying sustainable resources in the construction sector. Rapid industrialization and infrastructure development activities in the region are predicted to facilitate the demand for green building materials till 2027.
Key industry players in the green building materials market include du Pont de Nemours and Company, BASF SE, National Fiber, PPG Industries, RedBuilt, IsoHemp, Binderholz GmbH, Interface Inc., Owens Corning, Kingspan Group, Alumasc Group PLC, Acoustical Surfaces INC., and Novaguard Solutions, Inc. Industry players are continuously improvising their product portfolio to offer quality materials at affordable prices.
Green Building Materials Market, By Types, 2021 - 2027 (USD Million)
Market, By Application, 2021 - 2027 (USD Million)
- Exterior and interior finish
Market, By End-users, 2021 - 2027 (USD Million)
- Commercial offices and buildings
The above information has been provided on a regional and country basis:
- North America
- Asia Pacific
- South Korea
- Latin America
- Saudi Arabia
- South Africa
- du Pont de Nemours and Company
- BASF SE
- National Fiber
- PPG Industries
- Binderholz GmbH
- Interface Inc.
- Owens Corning
- Kingspan Group
- Alumasc Group PLC
- Acoustical Surfaces INC.
- Novaguard Solutions, Inc.
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