Green Building Materials Market, Trends, Regional Outlook, Competitive Landscape, Revenue Analysis & Forecast Till 2030
Market
Analysis
The green building
materials market size will touch USD 245 billion at a 17% CAGR between the
forecast period 2022- 2030, according to the new Market Research Future (MRFR)
analysis. Green building materials, also known as high-performance or
sustainable materials, are an environmentally responsible material that is used
to reduce waste and efficiently uses natural resources.
Various factors are
propelling the global green building materials market share. According to the
recent MRFR market estimates, such factors include increasing awareness of
consumers regarding energy efficiency, supportive government policies, alluring
features such as low water requirements, low operating cost, and low
maintenance cost, increasing use in healthcare, infrastructure, commercial, and
residential industries, the declining price of green buildings, rising
awareness about recycled construction, rapid industrial and economic
development, demand for energy-efficient green buildings, and growing urban
population. Additional factors fuelling market growth entails the growing
demand for insulation, favorable government policies for green buildings,
expanding construction activities, and growing product demand for various
environmental and monetary benefits.
On the contrary,
market barriers, high capital investments, cost concerns, and a halt in
commercial and residential construction applications during the COVID-19
pandemic are factors that may impede the global Green
Building Materials Market growth over the forecast period.
Market
Segmentation
The MRFR report
highlights an inclusive segmental analysis of the global green building
materials market based on application and end use.
By application, the
global green building materials market is segmented into industrial, infrastructure,
commercial, and residential. Of these, the residential application segment will
lead the market over the forecast period.
By end use, the
global green building materials market is segmented into roofing, framing,
insulation, interior finishing, exterior siding, and others. Of these, the
exterior siding end use segment will dominate the market over the forecast
period.
Regional
Analysis
By region, the global green building materials
market covers the growth opportunity and recent trends across Europe, North
America, the Asia Pacific (APAC), and the Rest of the World (RoW). Of these,
North America will dominate the market over the forecast period. The growing
need for energy saving construction buildings, non-government and government
regulations for energy efficiency practices, rising consumer awareness about
economic and environmental benefits, growing renovation projects, favorable
policies and building codes regarding the use of such materials in the
construction industry, and increasing renovation activities are adding to the
global green building materials market growth in the region.
In Europe, the global green building materials
market is predicted to have the second-largest share over the forecast period.
Recovering construction industry, growing implementation of green building
regulations by different governments, increasing emphasis to reduce operational
and maintenance costs of structure, and a growing number of non-residential and
residential construction activities are adding to the global green building
materials market growth in the region.
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In the APAC region, the global green building
materials market is predicted to have healthy growth over the forecast period.
The growing residential construction sector, agreements to prevent climate
change, and rising infrastructure development in India and China are adding to
the global green building materials market growth in the region.
In the Rest of the World, the global green building
materials market is predicted to have sound growth over the forecast period.
Key
Players
Key contenders
profiled in the global green building materials market report include Owens
Corning, BASF SE, Lafarge Company, Kingspan Limited, Forbo International SA, E.
I. du Pont de Nemours and Company, PPG Industries, Inc., RedBuilt LLC, LG
Hausys Ltd., CertainTeed Corporation, Homasote Company, Binderholz GmbH,
Wienerberger AG, Bauder Ltd., and Alumasc Group plc.
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