Green Building Materials Market

Green Building Materials Market

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Raksha

Author:

Raksha Sharma

Vineet

Fact-checked by:

Vineet Pandey

Rucha

Editor:

Rucha Phatak

Green Building Materials Market Outlook 2031

The Global Green building materials market size was valued at USD 377.03 Billion in 2022 and is likely reach to USD 1.07 Trillion by 2031, expanding at a CAGR of 12.3% during the forecast period, 2023–2031. The growth of the market is attributed to the rising need for stumbling block.

Green Building Materials Market Outlook

Green building materials, also known as eco-friendly materials, are building construction  materials that have less impact on the environment. They are composed of renewable resources rather than non-renewable resources. The building material are not impacted by heat, cold, or humidity. Most of green building materials are recyclable.

The spread of COVID-19 pandemic negatively the impacted Covid-1 owing to lockdown, which in turn, impacted the real estate development activities. However, the relaxation in restriction, resumed the construction activities. This factor is anticipated to positively influence the market growth. 

Market Trends Drivers, Restraints and Opportunities

  • Increasing demand for energy-efficient buildings, insulation solutions,  and favourable government policies for green buildings are key factors driving the market growth.
  • Rising urbanization and growing environmental concerns are expected to propel the growth of the market.
  • High cost of green building materials can restrain the growth of the market.
  • Lack of awareness about green building materials in low- and middle-income countries can hamper the market growth in the projected timeline.
  • Rising trend of sustainability and ingoing innovation in the real estate industry are major factors that can create lucrative opportunities during the forecast period.

Scope of Green Building Materials Market Report

The report on the global green building materials market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Green Building Materials Market – Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016–2021

Forecast Period

2023–2031

 Segmentation

Types (Exterior, Interior, Structural, and Others), Applications (Framing, Insulation, Roofing, Exterior Siding, Interior Finishing, and Others), and End-users (Residential, Commercial, Institutional, and Others)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Owens Corning; DuPont; Sika AG; and Kingspan Group

Green Building Materials Market Segment Insights

Structural segment is expected to grow at a rapid pace

On the basis of types, the materials market is segregated into exterior, interior, structural, and others. The structural segment is anticipated to grow at a rapid pace during the forecast period. Increasing demand for precast concrete slabs and recycled steel is driving the growth of the market segment. On the other hand, the interior segment is expected to hold a considerable market share in the coming years.

Green Building Materials Market Types

Insulation segment is projected to hold a significant market share

Based on applications, the market is divided into framing, insulation, roofing, exterior siding, interior finishing, and others. The insulation segment is estimated to account for a significant market share during the forecast period. Increasing demand for eco-friendly insulative materials to reduce the impact on the environment is driving the market growth.

Residential segment to account a major market share

In terms of end-users , the market is segmented into residential, commercial, institutional, and other end-user industries. The residential segment to constitute a large market share during the forecast period. Stringent building regulations and  policies mandating energy- efficient structures is a major driver of the market segment growth.

Moreover, growing awareness of green building materials among home buyers and increasing use of green building materials in high-rise building are spurring the market growth.

Green Building Materials Market End Users

Green Building Materials Market Regional Outlook

North America to constitute a significant market share

On the basis of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is projected to account for a key market share owing to early of latest technologies for the development of green building materials.

However, the market in Asia Pacific is anticipated to exhibit a high CAGR during the forecast period due to rapid growth of the construction industry in countries such as India and China.

Green Building Materials Market Region

Segments

Types

  • Exterior
  • Interior
  • Structural
  • Others

Applications

  • Framing
  • Insulation
  • Roofing
  • Exterior Siding
  • Interior Finishing
  • Other Applications

End-users

  • Residential
  • Commercial
  • Institutional
  • Others

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

Competitive Landscape

Key players competing in the global green building materials market are Basf Se; Dupont; Kingspan Group; Sikaag; and Owens Corning. Companies are focusing on partnering with local manufacturers and collaborating with other industry players to leverage their market position.

In August 2020, Owens Corning announced launch of product line called FOAMULAR NGX (Next Generation Extruded). In July 2020, Nexii Building Solutions, a Canada-based green construction technology Company, announced a trio of building construction in North America.

Green Building Materials Market Key Players

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Green Building Materials Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Green Building Materials Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Green Building Materials Market - Supply Chain
  4.5. Global Green Building Materials Market Forecast
     4.5.1. Green Building Materials Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Green Building Materials Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Green Building Materials Market Absolute $ Opportunity
5. Global Green Building Materials Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Green Building Materials Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Green Building Materials Demand Share Forecast, 2019-2026
6. North America Green Building Materials Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Green Building Materials Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Green Building Materials Demand Share Forecast, 2019-2026
7. Latin America Green Building Materials Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Green Building Materials Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Green Building Materials Demand Share Forecast, 2019-2026
8. Europe Green Building Materials Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Green Building Materials Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Green Building Materials Demand Share Forecast, 2019-2026
9. Asia Pacific Green Building Materials Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Green Building Materials Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Green Building Materials Demand Share Forecast, 2019-2026
10. Middle East & Africa Green Building Materials Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Green Building Materials Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Green Building Materials Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Green Building Materials Market: Market Share Analysis
  11.2. Green Building Materials Distributors and Customers
  11.3. Green Building Materials Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Basf Se
     11.4.2. Dupont
     11.4.3. Kingspan Group
     11.4.4. Sikaag
     11.4.5. Owens Corning

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