Meticulous Research®, a leading authority in market research, has recently published a report titled “Green Building Materials Market by Type, Product, Application, Sector, and Geography – Global Forecast to 2031.” According to this report, the global green building materials market is expected to reach $791.8 billion by 2031, growing at a CAGR of 9.9% from 2024 to 2031.
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Several factors contribute to this growth, including increasing awareness of energy efficiency, greater adoption of sustainable building practices, and supportive government regulations. However, the high initial cost of green materials relative to conventional building products may limit market expansion.
Despite the challenges, industry players stand to gain from growing emphasis on environmental sustainability and advancements in green technologies. Yet, one significant obstacle remains: a lack of widespread knowledge about the availability and benefits of these eco-friendly materials.
Segmented by type, the market includes recycled materials (steel, glass, plastic), natural materials (bamboo, timber), and other materials. Recycled materials are expected to lead, holding over 54.0% of the market in 2024. This segment’s dominance is attributed to growing demand for recycled materials, supported by government mandates and incentives aimed at reducing construction waste.
By product, the market is categorized into exterior, interior, solar, and other products. Exterior products, driven by demand for insulation and energy-efficient roofing, are projected to capture over 43.0% of the market share in 2024. As energy costs rise, the need for such products is increasing, making this category highly competitive.
The market is also segmented by application, with roofing expected to dominate with a market share exceeding 40.0% in 2024. This growth is fueled by increasing demand for energy-efficient roofs in residential buildings, with consumers looking to reduce their energy usage and improve indoor comfort.
In terms of sectors, the residential segment is forecasted to take the largest share of 42.0% in 2024. The growing need for insulation, rising environmental consciousness, and government support for energy-efficient buildings are driving growth in this sector. The residential segment is also expected to register the highest CAGR during the forecast period.
Geographically, North America will dominate the market with a 35.0% share in 2024. This is due to the region’s strong focus on sustainable building practices and the presence of major industry players such as PPG Industries, DuPont, and CertainTeed. Meanwhile, the Asia-Pacific region is expected to grow at the highest CAGR of 11.0%, driven by rapid urbanization and infrastructure development, especially in countries like 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).
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?
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