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

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).    

Green building materials are used to construct a structure that is friendly to the environment. Using these resources helps to reduce the number of non-renewable resources used worldwide through conservation efforts. As consumers choose more environmentally friendly building materials than traditional ones, the market will grow. The materials lessen carbon footprints, which helps to slow down global warming. These materials are low-cost, easy to maintain, and low-energy and environmental impact. These benefits put them above more traditional building materials, making them the ideal choice. Furthermore, the increasing demand for these materials is becoming common in many construction projects because they reduce the environmental impact of building materials related to manufacturing, installation, processing, transportation, recycling, and disposal. The industry is expected to grow as consumers increasingly prefer such materials over traditional building materials. Demand for green building materials is expected to rise during the forecast period, as governments of various developed nations are framing policies and offering incentives to support green construction. "Green buildings" have the potential to not only save the world, but enhance people's general well-being, safety, and health. 

US Green Building Materials Market is poised to grow at a sustainable CAGR for the next forecast year.