Size, Share, Forecasts, and Trends of the Green Building Materials Market
Meticulous Research®, a leading authority in global market research, has unveiled a new report entitled ‘Green Building Materials Market by Type, Product (Exterior, Interior), Application (Roofing, Siding, Insulation, Flooring), Sector (Residential, Commercial) and Geography - Global Forecast to 2031’. According to this latest analysis, the green building materials market is projected to hit $791.8 billion by 2031, reflecting a CAGR of 9.9% from 2024 to 2031.
Growth in this sector is spurred by rising demands for energy-efficient construction, the expanding adoption of green materials, and supportive government initiatives advocating sustainable building practices. Nevertheless, the higher initial costs associated with green materials compared to traditional alternatives may pose challenges.
Market players are expected to benefit from growing emphasis on environmental sustainability. However, the market's expansion may be impeded by limited awareness regarding the benefits and availability of green building materials.
The report segments the market by type (recycled materials, natural materials, other materials), product (exterior products, interior products, solar products, and other products), application (roofing, insulation, flooring, siding, framing, and other applications), and sector (residential, commercial, and other sectors). It also provides a detailed analysis of competitors and evaluates the market on a regional and country basis.
The recycled materials segment is forecasted to dominate with over 54.0% of the market share in 2024. This is due to the increasing focus on using recycled materials, heightened demand for sustainable building solutions, and government policies aimed at reducing construction waste. This segment is also projected to experience the highest CAGR during the forecast period.
In terms of products, exterior products are expected to command over 43.0% of the market share in 2024. This growth is driven by a surge in demand for high-performance insulation and reflective roofing, increased consumer awareness of environmental issues, and a rise in the adoption of innovative and sustainable exterior products. The demand for energy-efficient buildings and improved indoor air quality further fuels this market segment.
For applications, roofing is expected to hold a dominant share of over 40.0% in 2024. This segment's growth is attributed to the rising adoption of advanced roofing solutions in residential sectors, increasing demand for materials that enhance indoor comfort, and the push for energy-efficient roofing materials. It is also anticipated to grow at the highest CAGR during the forecast period.
By sector, the residential market is expected to account for over 42.0% of the green building materials market in 2024. This is due to a rising demand for energy-efficient homes, a growing emphasis on environmental sustainability, and stringent building regulations. This segment is also predicted to witness the highest growth rate over the forecast period.
Geographically, North America is projected to hold the largest share of over 35.0% in 2024. The region's market dominance is driven by the presence of major players such as PPG Industries, Inc., CertainTeed, LLC, Interface Inc., and DuPont de Nemours, Inc. Factors contributing to North America's market growth include a strong focus on energy-efficient building practices and significant investments in cleaner construction materials.
In contrast, the Asia-Pacific region is expected to experience the highest CAGR of 11.0% during the forecast period. The growth in this region is fueled by an increasing need for environmentally friendly building materials, supportive government policies, and rapid infrastructure development in countries such as Japan, South Korea, and India.
Key Players
The key players operating in the green building materials market are DuPont de Nemours, Inc. (U.S.), Holcim Group (Switzerland), Interface Inc. (U.S.), Kingspan Group plc (Ireland), Owens Corning (U.S.), PPG Industries, Inc. (U.S.), Sika AG (Switzerland), Bauder Ltd. (U.K.), Amvic Inc. (Canada), Binderholz GmbH (Germany), Alumasc Group Plc (U.K.), BASF SE (Germany), CertainTeed, LLC. (U.S.), Forbo International SA (Switzerland), and LG Hausys Ltd (South Korea).
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Key Questions Answered in the Report:
- Which are the high-growth market segments in terms of material, product, application, and sector?
- What was the historical market size for green building materials globally?
- What are the market forecasts and estimates for 2024–2031?
- What are the major drivers, restraints, opportunities, challenges, and trends in the green building materials market?
- Who are the major players in the green building materials market, and what are their market shares?
- What is the competitive landscape like?
- What are the recent developments in the green building materials market?
- What are the various growth strategies adopted by major market players?
- What are the major market trends, and which are the high-growth countries?
- Who are the local emerging players in the green building materials market, and how do they compete with other players?
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