Meticulous Research®, a leading name in global market analysis, has released a new research report titled ‘Green Building Materials Market by Type, Product (Exterior, Interior), Application (Roofing, Siding, Insulation, Flooring), Sector (Residential, Commercial) and Geography - Global Forecast to 2031.’
Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=5985
According to the latest report from Meticulous Research®, the global green building materials market is expected to achieve a value of $791.8 billion by 2031, expanding at a compound annual growth rate (CAGR) of 9.9% during the forecast period from 2024 to 2031.
The growth in the green building materials market is driven by the increasing demand for energy-efficient construction solutions, broader acceptance of eco-friendly materials across various sectors, and robust government policies advocating green construction. However, the high initial costs associated with green building materials compared to traditional options may inhibit market growth.
Opportunities for market growth are bolstered by a rising emphasis on sustainability and environmental impact. Yet, challenges such as limited awareness about the benefits and availability of green building materials could impede market expansion.
The market is segmented based on type, product, application, sector, and geography. By type, it is divided into recycled materials (including recycled steel, recycled glass, recycled plastic, and other types), natural materials (such as bamboo, cork, straw bales, timber, and others), and other materials. In 2024, the recycled materials segment is projected to capture the largest market share of over 54.0%. This is due to the increased focus on recycling, the need for sustainable materials, and supportive government regulations aimed at reducing construction waste. The recycled materials segment is also anticipated to grow at the highest rate during the forecast period.
The market is further categorized by product into exterior products, interior products, solar products, and other products. In 2024, the exterior products category is expected to hold the largest share, over 43.0%. This segment’s significant share is driven by heightened demand for high-performance insulation, reflective roofing, and other energy-efficient exterior products, influenced by rising consumer awareness and environmental concerns. This segment is forecasted to grow significantly as the need for energy-efficient building components rises.
When examining applications, the market is split into roofing, insulation, flooring, siding, framing, and other applications. The roofing segment is projected to dominate with over 40.0% of the market share in 2024. The growth in this segment is attributed to increased adoption of innovative roofing materials in residential buildings, greater demand for materials that improve indoor comfort, and the push for energy-efficient roofing solutions. The roofing segment is expected to show the highest growth rate throughout the forecast period.
In terms of sector, the market is categorized into residential, commercial, and other sectors. The residential sector is anticipated to account for the largest share, exceeding 42.0% in 2024. This dominance is due to the rising need for energy-efficient homes, greater focus on sustainability, and increasing regulations promoting energy-efficient building practices. The residential sector is also likely to experience the highest growth rate during the forecast period.
Geographically, the market analysis includes North America, Europe, Asia-Pacific, Latin America, and the Middle East Africa. In 2024, North America is forecasted to hold the largest market share of over 35.0%. This strong market position is due to the presence of major players such as PPG Industries, Inc., CertainTeed, LLC, Interface Inc., and DuPont de Nemours, Inc. The demand for green building materials in North America is driven by the need for energy-efficient structures and supportive government policies. Notably, the U.S. General Services Administration (GSA) has committed to investing $2 billion in construction projects utilizing low-embodied carbon materials, including asphalt, concrete, glass, and steel.
On the other hand, the Asia-Pacific (APAC) region is expected to witness the highest CAGR of 11.0% during the forecast period. Key growth drivers include increasing demand for environmentally friendly building materials, supportive governmental policies, and growing public awareness of the benefits of green building practices. Rapid economic growth and infrastructure development, especially in Japan, South Korea, and India, are contributing to the market expansion in APAC.
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).
To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/green-building-materials-market-5985
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?
Contact Us:
Meticulous Research®
Email- sales@meticulousresearch.com
Contact Sales- +1-646-781-8004
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research
