Green Building Materials Market Size, Share, Growth Analysis, By Product(Structural, Interior, Exterior, and Others), By Application(Exterior Siding, Interior Finishing, Insulation, Framing), By Region - Industry Forecast 2024-2031

In 2023, North America dominated the global market share due to roofing material demand and insulation framing for residential, commercial, industrial, and infrastructure applications. The growing need for structures that maximize value, are ecologically benign, and use less energy. One cost-effective benefit of green buildings is lower energy costs. Expanding government programs have driven the market's growth even faster. In addition, the Canadian market increased at the fastest rate, while the U.S. market in North America had the highest market share.

Asia Pacific is the fastest-growing region. The sector makes use of a wide range of environmentally friendly products, including galvalume panels, linoleum, and fibre cement composites. The market is anticipated to grow over the course of the estimated period due to factors such new low- and high-rise residential buildings, existing structures being retrofitted, and new industrial buildings. Asia Pacific is anticipated to develop at the rapid rate of 12.0% over the projected period because of the region's thriving residential building sector. The region's product demand is anticipated to be fueled by the Paris Climate Agreement, which China and India accepted to combat climate change, and both countries' rising infrastructure construction.