The Green Building Materials Market size was USD 424.38 billion in 2023 and is expected to Reach USD 1059.03 billion by 2031 and grow at a CAGR of 12.1% over the forecast period of 2024-2031.
Green Building Materials are composed of renewable resources. These materials are used to construct an eco-friendly building as they are extremely energy-efficient and produced from renewable waste sources. These sources include bamboo & wood, recycled plastic, straw bales, mycelium, hempcrete, timber create, rammed earth, and grass create. Furthermore, these resources use less water and are simpler to manage than their counterparts. Green building material increases the durability and effectiveness of a building structure in terms of design, construction, maintenance, and renovation. Other products like green board insulation and wooden houses, and green roofs are gaining importance.
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Recently Green Building Materials are gaining importance in the construction sector due to awareness regarding the environmental impact of building materials. The building materials associated with manufacturing, processing, transportation, disposal, installation, and recycling can affect nature. The growing preference for green building materials over traditional building materials is likely to drive market expansion. Utilization of green eco-friendly materials lower carbon footprint management, thereby reducing the negative effect of global warming. making them easy to maintain and cost-effective.
KEY DRIVERS:
Increasing application of Green Building Materials in residential and commercial buildings are drivers of the market
Environmental protection rules and regulations imposed by the authorities on materials
Increasing government concern about the depletion of resources and global warming had led the government to apply some rules and regulations on some materials. Product demand is projected to be influenced by a stimulus against the recent global crisis. The key industry propellants are rising energy costs and high-performance green building materials. governments in developed nations execute policies and provided incentives to enhance green construction
RESTRAIN
Price-conscious customers might hinder the industry's expansion
Price fluctuations in materials due to their scarcity and high demand from the end-user sector. These materials cost more than typical materials. The price may vary depending on storage, handling, fittings, and design. The usage of these materials requires a large initial investment and provides long-term benefits of green materials.
OPPORTUNITY
Shifting consumer preference toward green building drives growth
The construction industry is likely to have high demand as developers and consumers place prioritize cost-effective, eco-friendly, and energy-efficient construction.
During construction and renovation, green building material enhances the sustainability and efficiency of the building structure. The materials used are derived from natural resources, and employing environmentally friendly products can help to tackle a variety of environmental challenges. As a result, demand for building activities is likely to drive industry growth throughout the forecast period due to various monetary and environmental benefits.
CHALLENGES
Countries that face decreased per capita income may decline construction activities
The Green Building Materials market is driven by increasing construction projects and renovation. Countries that have declining per capita income may restrain new projects. As Consumers may prefer low-cost materials but green building materials’ initial investment is very high which can hamper the market growth.
Russia's invasion of Ukraine has caused widespread and long-term environmental damage. Explosions cause poisonous damage in addition to physical destruction. Following each explosion, hazardous chemicals including lead, mercury, and depleted uranium are discharged into the air, water, and land. This has resulted in increased construction activity, and rising government measures to implement energy-efficient Green Building Materials are likely to boost market expansion throughout the projection period. In the long run, post-war "green" reconstruction should be viewed as an economic need for a fundamental transformation of Ukraine towards a green and net-zero economy, rather than a desirable but optional "extra."
The global economic crisis has had a significant impact on the construction industry; the extent to which the recession has affected the construction business is evident to all. Everyone is concerned about project cancellations and budget constraints. The reality of a recession will be a complex interplay of declining property prices, rising costs, and the burden of personal debt for many people. Although the recovery process is gradual, the aftermath of the recession is offering numerous new opportunities, which are being pushed by a sustainability and green building agenda. Although the volume of green building development is fast increasing, it remains relatively small in the context of all residential and commercial construction.
By Product Type
Interior Product
Exterior Products
Solar Products
Building Systems
Other
By Application
Roofing
Framing
Insulation
Exterior Sliding
Interior Finishing
By End User
Residential Buildings
Non-Residential Buildings
North America accounted for the majority of the total market. This trend is projected to continue in the near future as a result of building codes and favourable laws promoting the use of Green Building Materials in the construction industry, as well as increased rehabilitation operations.
Asia Pacific is predicted to experience the most rapid growth due to the region's expanding residential construction sector. Many new infrastructural initiatives in both India and China are projected to drive product demand in the region.
The increased adoption of green construction norms by European governments is expected to stimulate regional industrial growth. Increased awareness of the environmental benefits of green materials, as well as tight building standards and codes that encourage their use in this region.
Latin America and the middle east & Africa have moderate growth due to residential and non-residential projects. Traditional construction consumes more raw materials, and water causes potential harm to the environment. Hence, they are preferring green buildings.
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REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
South Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of the Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin American
BASF, DuPont, Holcim, Kingspan Group, green building solutions, Lhoist, Lafarge, Kingspan Group plc, RedBuilt LLC, Binderholz GmbH, Alumasc Group Plc, Bauder Limited, PPG Industries, CertainTeed Corporation, and other key players are mentioned in the final report.
Holcim - In 2023 Holcim introduces ECOCycle®, its technology platform for new building solutions from recycled demolition materials into new building solutions. Holcim can recycle 100% of construction demolition debris using ECOCycle®, starting with decarbonized raw materials in low-carbon cement formulation.
Holcim – In 2023 Holcim purchases PASA®, a global leader in innovation, sustainability, and quality, increases Holcim's roofing and waterproofing offering and strengthens its regional business footprint.
Saint-Gobain finalized the acquisition of an external construction materials manufacturer and distributor in Canada and the United States in 2022. It strengthens its global leadership in light and sustainable building by becoming Canada's largest siding provider with this acquisition.
| Report Attributes | Details |
| Market Size in 2023 | US$ 424.38 Bn |
| Market Size by 2031 | US$ 1059.03 Bn |
| CAGR | CAGR of 12.1% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Product Type (Interior Products, Exterior Products, Solar Products, Building Systems, and Others) • By Application (Residential Buildings and Non-Residential Buildings) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | BASF, DuPont, Holcim, Kingspan Group, green building solutions, Lhoist, Lafarge, Kingspan Group plc, RedBuilt LLC, Binderholz GmbH, Alumasc Group Plc, Bauder Limited, PPG Industries, CertainTeed Corporation |
| Key Drivers | • Increasing application of Green Building Materials in residential and commercial buildings are drivers of the market. • Environmental protection rules and regulations imposed by the authorities on materials. |
| Market Opportunities | • Shifting consumer preference toward green building drives growth. • The construction industry is likely to have high demand as developers and consumers place prioritize cost-effective, eco-friendly, and energy-efficient construction. |
Ans. USD 1059.03 Billion is the projected Green Building Materials Market size of the market by 2031.
Ans. The CAGR value of the Green Building Materials Market over the forecast period is 12.1%.
Ans. Europe is the dominating region of the Green Building Materials Market.
Ans:
Shifting consumer preference toward green building drives growth.
The construction industry is likely to have high demand as developers and consumers place prioritize cost-effective, eco-friendly, and energy-efficient construction.
Ans. USD 424.38 billion was the market size in 2023 for the Green Building Materials Market.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of Ukraine- Russia War
4.2 Impact of Ongoing Recession
4.3. Introduction
4.3.1 Impact on major economies
4.3.1.1 US
4.3.1.2 Canada
4.3.1.3 Germany
4.3.1.4 France
4.3.1.5 United Kingdom
4.3.1.6 China
4.3.1.7 Japan
4.3.1.8 South Korea
4.3.1.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Green Building Materials Market Segmentation, By Product Type
8.1 Interior Product
8.2 Exterior Products
8.3 Solar Products
8.4 Building Systems
8.5 Other
9. Green Building Materials Market Segmentation, By Application
9.1 Roofing
9.2 Framing
9.3 Insulation
9.4 Exterior Sliding
9.5 Interior Finishing
10. Green Building Materials Market Segmentation, By End User
10.1 Residential Buildings
10.2 Non-Residential Buildings
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 North America Green Building Materials Market by Country
11.2.2North America Green Building Materials Market by Type
11.2.3 North America Green Building Materials Market by Application
11.2.4 North America Green Building Materials Market by End User
11.2.5 USA
11.2.5.1 USA Green Building Materials Market by Type
11.2.5.2 USA Green Building Materials Market by Application
11.2.5.3 USA Green Building Materials Market by End User
11.2.6 Canada
11.2.6.1 Canada Green Building Materials Market by Type
11.2.6.2 Canada Green Building Materials Market by Application
11.2.6.3 Canada Green Building Materials Market by End User
11.2.7 Mexico
11.2.7.1 Mexico Green Building Materials Market by Type
11.2.7.2 Mexico Green Building Materials Market by Application
11.2.7.3 Mexico Green Building Materials Market by End User
11.3 Europe
11.3.1 Europe Green Building Materials Market by Country
11.3.2 Europe Green Building Materials Market by Type
11.3.3 Europe Green Building Materials Market by Application
11.3.4Europe Green Building Materials Market by End User
11.3.5Germany
11.3.5.1 Germany Green Building Materials Market by Type
11.3.5.2 Germany Green Building Materials Market by Application
11.3.5.3 Germany Green Building Materials Market by End User
11.3.6 UK
11.3.6.1 UK Green Building Materials Market by Type
11.3.6.2 UK Green Building Materials Market by Application
11.3.6.3 UK Green Building Materials Market by End User
11.3.7 France
11.3.7.1 France Green Building Materials Market by Type
11.3.7.2 France Green Building Materials Market by Application
11.3.7.3 France Green Building Materials Market by End User
11.3.8 Italy
11.3.8.1 Italy Green Building Materials Market by Type
11.3.8.2 Italy Green Building Materials Market by Application
11.3.8.3 Italy Green Building Materials Market by End User
11.3.9 Spain
11.3.9.1 Spain Green Building Materials Market by Type
11.3.9.2 Spain Green Building Materials Market by Application
11.3.9.3 Spain Green Building Materials Market by End User
11.3.10 The Netherlands
11.3.10.1 Netherlands Green Building Materials Market by Type
11.3.10.2 Netherlands Green Building Materials Market by Application
11.3.10.3 Netherlands Green Building Materials Market by End User
11.3.11 Rest of Europe
11.3.11.1 Rest of Europe Green Building Materials Market by Type
11.3.11.2 Rest of Europe Green Building Materials Market by Application
11.3.11.3 Rest of Europe Green Building Materials Market by End User
11.4 Asia-Pacific
11.4.1 Asia Pacific Green Building Materials Market by Country
11.4.2Asia Pacific Green Building Materials Market by Type
11.4.3 Asia Pacific Green Building Materials Market by Application
11.4.4 Asia Pacific Green Building Materials Market by End User
11.4.5 Japan
11.4.5.1 Japan Green Building Materials Market by Type
11.4.5. 2Japan Green Building Materials Market by Application
11.4.5. 3Japan Green Building Materials Market by End User
11.4.6 South Korea
11.4.6.1 South Korea Green Building Materials Market by Type
11.4.6.2. South Korea Green Building Materials Market by Application
11.4.6.3. South Korea Green Building Materials Market by End User
11.4.7China
11.4.7.1 China Green Building Materials Market by Type
11.4.7.2. China Green Building Materials Market by Application
11.4.7.3. China Green Building Materials Market by End User
11.4.8 India
11.4.8.1 India Green Building Materials Market by Type
11.4.8.2. India Green Building Materials Market by Application
11.4.8.3 India Green Building Materials Market by End User
11.4.9Australia
11.4.8.1 Australia Green Building Materials Market by Type
11.4.8.2. Australia Green Building Materials Market by Application
11.4.8.3. Australia Green Building Materials Market by End User
11.4.10Rest of Asia-Pacific
11.4.10.1 APAC Green Building Materials Market by Type
11.4.10.2. APAC Green Building Materials Market by Application
11.4.10.3. APAC Green Building Materials Market by End User
11.5 The Middle East & Africa
11.5.1 The Middle East & Africa Green Building Materials Market by Country
11.5.2 The Middle East & Africa Green Building Materials Market by Type
11.5.3The Middle East & Africa Green Building Materials Market by Application
11.5.4The Middle East & Africa Green Building Materials Market by End User
11.5.5Israel
11.5.5.1 Israel Green Building Materials Market by Type
11.5.5.2 Israel Green Building Materials Market by Application
11.5.5.3 Israel Green Building Materials Market by End User
11.5.6 UAE
11.5.6.1 UAE Green Building Materials Market by Type
11.5.6.2 Israel Green Building Materials Market by Application
11.5.6.3 Israel Green Building Materials Market by End User
11.5.7South Africa
11.5.7.1 South Africa Green Building Materials Market by Type
11.5.7.2 South Africa Green Building Materials Market by Application
11.5.7.3 South Africa Green Building Materials Market by End User
11.5.8 Rest of Middle East & Africa
11.5.8.1 Rest of Middle East & Asia Green Building Materials Market by Type
11.5.8.2 Rest of Middle East & Asia Green Building Materials Market by Application
11.5.8.3 Rest of Middle East & Asia Green Building Materials Market by End User
11.6 Latin America
11.6.1 Latin America Green Building Materials Market by Country
11.6.2. Latin America Green Building Materials Market by Type
11.6.3 Latin America Green Building Materials Market by Application
11.6.4 Latin America Green Building Materials Market by End User
11.6.5 Brazil
11.6.5.1 Brazil Green Building Materials Market by Type
11.6.5.2 Brazil Green Building Materials Market by Application
11.6.5.3Brazil Green Building Materials Market by End User
11.6.6 Argentina
11.6.6.1 Argentina Green Building Materials Market by Type
11.6.6.2 Argentina Green Building Materials Market by Application
11.6.6.3 Argentina Green Building Materials Market by End User
11.6.7 Rest of Latin America
11.6.7.1 Rest of Latin America Green Building Materials Market by Type
11.6.7.2 Rest of Latin America Green Building Materials Market by Application
11.6.7.3Rest of Latin America Green Building Materials Market by End User
12 Company Profile
12.1 Binderholz GmbH
12.1.1 Market Overview
12.1.2 Financials
12.1.3 Product/Services/Offerings
12.1.4 SWOT Analysis
12.1.5 The SNS View
12.2 Alumasc Group Plc
12.2.1 Market Overview
12.2.2 Financials
12.2.3 Product/Services/Offerings
12.2.4 SWOT Analysis
12.2.5 The SNS View
12.3 Holcim
12.3.1 Market Overview
12.3.2 Financials
12.3.3 Product/Services/Offerings
12.3.4 SWOT Analysis
12.3.5 The SNS View
12.4 Lafarge
12.4.1 Market Overview
12.4.2 Financials
12.4.3 Product/Services/Offerings
12.4.4 SWOT Analysis
12.4.5 The SNS View
12.5 green building solutions
12.5.1 Market Overview
12.5.2 Financials
12.5.3 Product/Services/Offerings
12.5.4 SWOT Analysis
12.5.5 The SNS View
12.6 Bauder Limited
12.6.1 Market Overview
12.6.2 Financials
12.6.3 Product/Services/Offerings
12.6.4 SWOT Analysis
12.6.5 The SNS View
12.7. Kingspan Group plc
12.7.1 Market Overview
12.7.2 Financials
12.7.3 Product/Services/Offerings
12.7.4 SWOT Analysis
12.7.5 The SNS View
12.8 DuPont
12.8.1 Market Overview
12.8.2 Financials
12.8.3 Product/Services/Offerings
12.8.4 SWOT Analysis
12.8.5 The SNS View
12.9 PPG Industries
12.9.1 Market Overview
12.9.2 Financials
12.9.3 Product/Services/Offerings
12.9.4 SWOT Analysis
12.9.5 The SNS View
12.10 CertainTeed Corporation
12.10.1 Market Overview
12.10.2 Financials
12.10.3 Product/Services/Offerings
12.10.4 SWOT Analysis
12.10.5 The SNS View
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share Analysis
13.3 Recent Developments
14. USE Cases and Best Practices
15. Conclusion
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