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Global Green Building Materials Market Overview
Green Building Materials Market Size was valued at USD 357.48 Billion in 2023. The Green Building Materials industry is projected to grow from USD 397.16 Billion in 2024 to USD 998.41 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 12.2% during the forecast period (2024 - 2032).Green building materials are eco-friendly products that are toxic-free, good for health, cost-affordable, and promote energy conservation. Promoting and constructing green buildings enhances the health, atmosphere, and environment. Green building promotes consumer awareness regarding eco-friendly materials in construction. Green Building Materials refer to enhancing the sustainability and efficiency of a building's design, construction, maintenance, and renovation. It is widely utilized in various construction activities as they reduce the environmental impact of green building materials are the key market drivers enhancing market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Green Building Materials Market Trends
Government policies that support energy-efficient buildings to boost the market growth
The demand for green buildings is massive due to government policies that support energy-efficient buildings. In the residential sector, the investment rate is high on efficient and power-consuming buildings. This initiative by the government acts as a crucial market driver. Individuals are encouraged to purchase a building with water conservation and energy efficiency features. It benefits the buyer as well as the environment. Also, public awareness about the eco-friendly building is high these days. Many individuals try to reduce pollution by living an eco-friendly lifestyle. The green building is the concept that offers clean air, natural energy, and fresh sunlight in their residence. Further, there are plenty of health benefits to adopting green buildings. Also, the rising consumer spending on property offers them to choose eco-field green buildings. The green building is attractive with plenty of construction techniques and interior. All these crucial drivers will actively work to enhance the market demand. The crucial drivers will be responsive to high green building materials market revenue.
The high energy consumption in regular buildings is causing massive carbon emissions. The need for a clean and eco-friendly energy consumption method is important in any building. The increasing alertness regarding warming and other environmental issues inclines customer interest in green building. Therefore, such factors related to Green Building Materials have enhanced the Green Building Materials market CAGR across the globe in recent years.
Green Building Materials Market Segment Insights
Green Building Materials Application Insights
The Green Building Materials market segmentation, based on application, includes Residential, Commercial, Infrastructure, and Industrial. The residential segment held the majority share 2021 of the Green Building Materials market revenue. The growing awareness about the environmental benefits of green building materials, and the increasing adoption of sustainable construction practices in the residential sector are the main factors driving the growth of this market segment. Additionally, the increasing need for energy-efficient and eco-friendly homes, as well as government initiatives and regulations promoting the use of green building materials in the residential sector, are also contributing to the growth of this market segment.
Green Building Materials End-Use Insights
Based on end use, the Green Building Materials market segmentation includes Exterior siding, Interior Finishing, Insulation, Framing, Roofing, and others. The roofing segment dominated the market in 2021 and is projected to be the faster-growing segment during the forecast period, 2022-2030. The increasing adoption of green roofing materials, such as solar roofing systems, green roofs, and cool roofs, is the main factor driving the growth of this market segment. Additionally, the increasing awareness about the environmental benefits of green roofing materials, such as energy efficiency and reduced carbon footprint, as well as government incentives and regulations promoting the use of green roofing materials, are also contributing to the growth of this market segment. These all factors for Green Building Materials positively impact the market growth.
Figure 2: Green Building Materials Market, by Application, 2021 & 2030 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Green Building Materials Regional Insights
By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The Asia Pacific region remains the fastest-growing market. The highest growth rate for the green building materials market will be witnessed in the Asia Pacific region. India, Japan, and China are the key contributors to the green building materials market. The massive infrastructural developments offer an exceptional growth rate in this market.
Further, the major countries studied in the market report are The U.S., Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Figure 3: GREEN BUILDING MATERIALS MARKET SHARE BY REGION 2021 (%)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe’s Green Building Materials market accounts for the second-largest market share. The region has a well-established construction industry and a high demand for energy-efficient and sustainable building materials. The supportive government initiatives such as the EU's energy performance of buildings directive (EPBD) which is promoting the use of green building materials, and the presence of several key players in the region are also contributing to the growth of the market in Europe. Additionally, the increasing awareness about the environmental benefits of green building materials, as well as the stringent building codes and regulations promoting the use of green building materials in the region, are also driving the growth of the market in Europe. Further, the Germany Green Building Materials market held the largest market share, and the UK Green Building Materials market was the fastest-growing market in the European region.
North America, Green Building Materials market, is expected to dominate the green building materials market. The region has a well-established construction industry and a high demand for energy-efficient and sustainable building materials. The increasing adoption of green building codes and standards, such as LEED and Energy Star, and the presence of several key players in the region are also contributing to the growth of the market in North America. Additionally, government initiatives and regulations promoting the use of green building materials, as well as increasing awareness about the environmental and health benefits of green building materials, are also driving the growth of the market in the region. Moreover, the U.S. Green Building Materials market held the largest market share, and the Canada Green Building Materials market was the fastest-growing market in the North America region.
Green Building Materials Key Market Players & Competitive Insights
Major market players are spending a lot of money on R&D to increase their product lines, which will help the Green Building Materials market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the Green Building Materials industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.
The major market players are investing a lot of money in R&D to expand their product lines, which will spur further market growth for Green Building Materials. With significant market development like new product releases, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations, market participants are also undertaking various strategic activities to expand their presence. To grow and thrive in a market climate that is becoming more competitive and growing, competitors in the Green Building Materials industry must offer affordable products.
Manufacturing locally to cut operating costs is one of the main business tactics manufacturers use in the Green Building Materials industry to benefit customers and expand the market sector. The Green Building Materials market has recently given medicine some of the most important advantages. Major Green Building Materials market players, including Alumasc Group plc., Bauder Ltd., Wienerberger AG, Binderholz GmbH, Homasote Company, CertainTeed Corporation, LG Hausys Ltd., RedBuilt LLC, PPG Industries, Inc., E. I. du Pont de Nemours and Company, Forbo International SA, Kingspan Limited, Lafarge Company, BASF SE, and others, are attempting to increase market demand by funding R&D initiatives.
Alumasc Group plc is a company that specializes in the design, manufacture, and distribution of building and construction products. The company operates in several segments, including water management, external wall insulation, and roofing systems. Alumasc's water management products include rainwater and drainage systems, as well as water storage and treatment solutions. Its external wall insulation products include a range of insulation materials and systems for buildings, while its roofing systems include flat roofing, pitched roofing, and a range of roofing accessories. The company also offers a range of building and construction services, such as design and installation, as well as technical support and advice.
Bauder Ltd is a company that specializes in the design, manufacture, and distribution of roofing and water management products for the construction industry. Bauder is known for its commitment to sustainability and the environment, and it is one of the leading providers of green roofing systems. Bauder's product range includes a variety of roofing systems, such as flat roofing, pitched roofing, and green roofing systems. The company also offers a range of roofing accessories, such as roof lights, roof vents, and roof edge protection. Bauder's water management products include rainwater harvesting systems, as well as drainage and water storage solutions. The company also provides a range of services, such as design and installation, as well as technical support and advice.
Key Companies in the Green Building Materials market includes
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Alumasc Group plc.
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Bauder Ltd.
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Binderholz GmbH
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Homasote Company
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CertainTeed Corporation
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LG Hausys Ltd.
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RedBuilt LLC
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PPG Industries, Inc.
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E. I. du Pont de Nemours and Company
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Forbo International SA
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Kingspan Limited
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BASF SE among others
Green Building Materials Industry Developments
April 2021: Lafarge company announced the development of an ecolabel cement for the first time.
Green Building Materials Market Segmentation
Green Building Materials Application Outlook
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Residential
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Commercial
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Infrastructure
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Industrial
Green Building Materials End User Outlook
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Exterior siding
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Interior Finishing
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Insulation
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Framing
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Roofing
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Others
Green Building Materials Regional Outlook
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North America
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US
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Canada
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Europe
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Germany
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France
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UK
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Italy
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Spain
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Rest of Europe
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Asia-Pacific
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China
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Japan
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India
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Australia
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South Korea
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Australia
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Rest of Asia-Pacific
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Rest of the World
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Middle East
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Africa
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Latin America
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