Green Building Materials Market Overview
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.
ChemView Consulting has analyzed that the global green building materials market is projected to witness significant growth during the forecast period. This is primarily due to the increasing environmental concerns and the rise in construction activity in developing nations across the globe, which is expected to drive the demand for cost-effective products. In addition, growing concern over energy consumption and rising costs associated with manufacturing traditional building materials has provided a strong impetus to use green alternatives.
Green building material is a material that improves a building structure’s sustainability and efficiency in terms of design, construction, and renovation. The global green building materials market is expected to gain momentum from their increasing need to construct eco-friendly building structures. Green buildings are needed for different purposes, such as human indoor air quality improvement, better indoor performance, and reduced construction cost.
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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)
Key Takeaways from the Green Building Materials Market
- Based on the End-Use Industry, 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 grow in the coming years as people are looking to live more sustainable lifestyles. The government schemes and incentives related to using renewable energy sources and promoting sustainable design are also expected to impact market growth positively.
- Based on the Type, In 2021, The interior finishing segment held the largest share of 32.0% in the green building materials market. 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.
- Based on Region, 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.
Competition Summary
Key companies covered in the market study 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.
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Report Key Highlights and Coverage
- 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.
About ChemView Consulting
ChemView Consulting is a leading information, market intelligence, and business consulting firm serving clients worldwide in Chemical & Materials, Food & Beverage, Oil & Gas, Clean Energy & Power, and Packaging domains. In their business transformation journey, we have been collaborating with global enterprises, including 70% of the largest Forbes 1000 enterprises, helping them deliver on their business ambitions. ChemView Consulting serves clients in approximately 100 countries, with its office in New York, U.S., and Pune, India.
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