What is the global market size of Green Building Materials Market?

Global Green Building Materials Market size was valued at around USD 312.5 billion in 2021 and is expected to reach a value of USD 564.7 billion by 2030, at a CAGR of 6.8% over the forecast period (2022–2030).

Who are the key vendors in the Global Green Building Materials Market?

The market for green building materials will expand even more as a result of major market players spending heavily in R&D to expand their product lines. In addition, market participants are launching new products, entering into contracts, acquiring companies, increasing investments, and working with other organizations, among many other significant market changes, in an effort to expand their global footprint. In order to expand and survive in a market that is becoming increasingly competitive and growing, competitors in the green building materials industry must offer products at an affordable price. 'Alumasc Group plc.', 'Bauder Ltd.', 'Wienerberger AG', 'Binderholz GmbH', 'Homasote Company', 'CertainTeed Corporation', 'RedBuilt LLC', 'Forbo International SA', 'PPG Industries, Inc.', 'LG Hausys Ltd.', 'Kingspan Limited', 'Lafarge Company', 'BASF SE among others', 'Sika AG', 'Holcim', 'Saint-Gobain (CertainTeed)E. I. du Pont de Nemours and Company'

What is the key driver of Global Green Building Materials Market?

The demand for green building materials has clearly increased over the last few years. Modern materials for insulation, such as cellulose, cotton, fiberglass, and mineral wool, are highly sought after in the building industry. These materials are also less hazardous and eco-friendly. There is a great demand for green buildings now because of government measures to support energy-efficient development. The residential sector makes large investments in energy-efficient and eco-friendly structures. This government program is a crucial market stimulant.

What is the key market trend for Global Green Building Materials Market?

Government laws that promote energy-efficient buildings have led to a huge demand for green buildings. Buildings that are energy-efficient and consume less energy are highly valued in the residential market. This government endeavor serves as a key market stimulant. People are encouraged to buy a building with water- and energy-saving measures. Both the environment and the buyer profit from it. Additionally, there is a lot of public awareness about green buildings today. By leading an eco-friendly lifestyle, many people attempt to lessen pollution. Clean air, renewable energy, and natural sunlight are all provided to residents in green buildings. Furthermore, utilizing green buildings has several health advantages. The rising consumer spending on real estate also enables consumers to choose environmentally friendly green structures. The green building is stunning, with a variety of interior designs and constructing techniques.

Which region accounted for the largest share in Global Green Building Materials Market?

The global market is anticipated to be dominated by North America. There is a considerable need for environmentally friendly and energy-efficient building materials in the region due to its well-established construction sector. The market in North America is expanding as a result of the region's presence of numerous important players and the rising adoption of green building standards and codes like LEED and Energy Star. The region's green building materials market is expanding as a result of government policies and laws encouraging their usage, as well as rising public awareness of their advantages for the environment and human health. Additionally, the North American market in the U.S. had the biggest market share, while the market in Canada had the fastest rate of growth.

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

Report ID: SQMIG25G2009 | Region: Global | Published Date: July, 2024
Pages: 242 | Tables: 92 | Figures: 72

Green Building Materials Market News

In October 2022, A significant provider of building solutions and material circularity in the UK, Wiltshire Heavy Building Materials was acquired by Holcim. The green building materials market in the United Kingdom will benefit from Holcim's increased market position thanks to this acquisition.

In August 2022, A manufacturer and distributor of external building materials in Canada and the US, Kaycan, was purchased by Saint-Gobain. With this acquisition, Saint-Gobain increased its market dominance in light and sustainable building, taking over as the dominant siding provider in Canada and broadening its vinyl product line across the United States with complementing solutions in aluminum and engineered wood.

Green Building Materials Market Report Snapshots

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Global Green Building Materials Market size was valued at USD 379.57 Billion in 2022 and is poised to grow from USD 425.12 Billion in 2023 to USD 1052.58 Billion by 2031, growing at a CAGR of 12% in the forecast period (2024-2031).   

The global green building materials market is fragmented by the presence of key players include BASF SE, PPG Industries, Inc., Sika AG, and Forbo International SA. There is very aggressive competition from local and international players with far-reaching supply chains, regulatory know-how, and wide distribution networks. Besides that, strategic partnerships are formed by the companies, mergers and acquisitions, license agreements for the purpose of expanding within existing markets. 'Kingspan Limited ', 'Lafarge Company ', 'BASF SE ', 'Sika AG ', 'PPG Industries, Inc. ', 'Wienerberger AG ', 'Alumasc Group plc. ', 'RedBuilt LLC ', 'Forbo International SA ', 'Homasote Company ', 'Owens Corning ', 'HOLCIM ', 'Binderholz GmbH ', 'CertainTeed Corporation ', 'Bauder Ltd.'

Climate change and environmental degradation have been a cause for raising the realization of sustainable building materials. Governments and other institutions are laying down for stricter environmental regulations and giving incentives in the form of monetary advantages for using greener building practices. These promote the use of environmentally friendly materials within the building sector to provide further sustainability and reduction of carbon footprints.

Expanding Market by Raising Awareness and Using Green Building Materials: Three billion tons, or a quarter, of the world's raw material consumption are used annually in building and construction activities. Using sustainable building products and materials promotes the conservation of limited, non-renewable resources on a global scale. By utilizing sustainable building materials in construction projects, the environmental impact of shipping, extracting, processing, installing, manufacturing, disposing of, recycling, and reusing these feedstocks used in the industry can also be reduced. The market growth is attributed to an increased demand for such materials in building and construction projects.

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.

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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

Green Building Materials Market News

Green Building Materials Market Report Snapshots

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What is the global market size of Green Building Materials Market?

Who are the key vendors in the Green Building Materials Market?

What is the key driver of Green Building Materials Market?

What is the key market trend for Green Building Materials Market?

Which region accounted for the largest share in Green Building Materials Market?

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