Global green building materials market analysis and insights
The global Green Building Materials market estimated at US$341.7 billion in the year 2022 is now projected to grow at a CAGR of 11.26% and reach US$648.1 billion by 2028.
The green building materials market promotes the conservation of non-renewable resources and reduce the environmental impact as they are recyclable products that improve the production environment and quality of life. To address various environmental challenges such as natural resource depletion, atmospheric pollution, climate change, loss of biodiversity and contamination of fresh water resources green building materials are introduced in the construction industry.
More than two-third of total greenhouse gas release globally are from building and construction industry. It can be improved by reducing greenhouse gas release by constructing new green building with low energy consumption. The growing trend of energy efficient structures in residential building and townships with rising public awareness and income levels, is expected to drive demand for green building materials in the coming years.
The adverse impact of building materials and raising concerns over environmental changes has triggered the need for green building materials in construction work. Rising building constructions in developing countries like India & China because they build cities and form basic infrastructure and awareness programs initiated by governments regarding renewable solutions are attributing to the high demand for green building materials.
The market’s primary driving force is a paradigm shift toward renewable greenhouse materials and ecologically friendly building materials. Market dynamics are boosting sales of products such as eco-friendly timber buildings and green board insulation in dwellings. The dynamic of the green building material market are likely to change by innovation and new generation advanced technologies backed with R&D by making them more effective, advancing the construction techniques and increasing efficiency.
Green building materials regional market insights
North American green building materials market is expected to grow significantly over the forecast period. The construction sector in North America has been witnessing growth due to increased demand for houses and a rise in renovation projects. Various government efforts and regulation mandates, such as LEED, Green Building Certification, subsidies for green housing projects, and others, have been driving the construction of green buildings in the region. United States contributed around 83% of the total North American green building materials market and is estimated to have a market value of US$91.8 billion in the year 2022.
Asia Pacific green building materials market is anticipated to witness an upsurge owing to the rapid urbanization and the growing industrial sector in the region are driving revenue growth of the market. In addition, severe environmental rules and rising industrial pollutants in the region are expected to drive revenue growth of the market. China is expected to dominate the Asia-Pacific market and reach a market size of US$189.2 billion by 2028.
Within Europe, France, Germany, and the U.K. are the key countries responsible for the significant growth of the regional market. Germany is expected to grow at a fastest CAGR of 10.44% over the forecast period.
Meanwhile, the Middle East & Africa is expected to show limited growth due to the strong presence of under-developed countries in Africa who are still struggling to meet technology standards. However, any growth that the region experiences is expected to come from developing Middle Eastern nations such as Qatar, U.A.E, and Oman due to a similar growth pattern as the Asia Pacific.
Key players profiled in the report include American Hydrotech, Inc.; Amvic, Inc.; Andersen Corporation; BASF SE; Bauder Ltd.; CertainTeed Corporation; Chengdu Onekin Green Building Materials Co., Ltd.; Dow Inc.; Firestone Building Products Company, LLC; Fletcher Insulation Pty Limited; Georgia-Pacific LLC; Johns Manville Corporation; Kingspan Group Plc; Knauf Insulation Ltd.; LafargeHolcim Ltd.; LG Hausys, Ltd.; LIXIL Group Corporation; Norbord Inc.; Owens Corning; Rockwool International A/S; Sika AG; Standard Industries Inc.; USG Corporation and Xtratherm Limited, among others.
June 27, 2023 – TITAN Group announces the successful completion of a $28.4 million green investment at the Kamari cement plant in Greece, marking a significant milestone in the Group’s decarbonization program. The investment entailed the installation of state-of-the-art pre-calciner technology, which is now fully operational at the plant.
May 24, 2023 – Holcim acquires Besblock Ltd, a leading supplier of precast materials to the UK Midlands construction industry. The Besblock technology platform is dedicated to the production of sustainable building blocks, with a capacity of around 2.5 million m² blocks per year. Its products include the industry-leading “Star Performer,” a sustainable and multi-purpose on-site solution that uses recycled aggregates and 24% less material than a solid block. Besblock leads the industry in sustainability, with one of the most efficient truck fleets in the country as well as a new 1.6 megawatt biomass boiler and renewable energy system.
Green building materials market scope
- By product category
- Green doors
- Green floor, wall & ceiling materials
- Sanitary and kitchen
- Paints and coatings
- Structural products
- Solar power products
- By material type
- Earthen materials
- Natural stone
- Straw bale
- Natural fibers
- By application
- Interior finishing
- By end-use segment
- Residential buildings
- Nonresidential buildings
- Commercial buildings
- Institutional buildings
- Industrial buildings
- Transportation buildings
- By Region
- North America
- South America
- Asia Pacific
- Middle East and Africa
|No. of Pages
|Estimated Market Size in 2022
|Forecasted Market Size by 2028
|North America, South America, Europe, Asia Pacific, Middle East and Africa
|American Hydrotech, Inc.; Amvic, Inc.; Andersen Corporation; BASF SE; Bauder Ltd.; CertainTeed Corporation; Chengdu Onekin Green Building Materials Co., Ltd.; Dow Inc.; Firestone Building Products Company, LLC; Fletcher Insulation Pty Limited; Georgia-Pacific LLC; Johns Manville Corporation; Kingspan Group Plc; Knauf Insulation Ltd.; LafargeHolcim Ltd.; LG Hausys, Ltd.; LIXIL Group Corporation; Norbord Inc.; Owens Corning; Rockwool International A/S; Sika AG; Standard Industries Inc.; USG Corporation and Xtratherm Limited, among others.
The research report provides a comprehensive review of market trends (Technology, Product and Application analysis), market growth drivers, PEST Analysis (Political, Economic, Social and Technological Analysis) Market growth inhibitors, and strategic industry activities and SWOT Analysis of key players in the market. The report provides market estimates and forecast for geographic markets such as the North America (United States, Canada, Mexico and Rest of North America), South America (Brazil, Argentina Chile Colombia Peru Venezuela Ecuador and Rest of South America), Europe (Germany, France, U.K., Russia, Italy, Spain, Sweden, Netherlands, Poland, Austria, Belgium, Finland, Norway, Switzerland, Denmark, Czech Republic, Portugal and Rest of Europe), Asia-Pacific (China, Japan, South Korea, Taiwan, India, Australia, Indonesia, Philippines, Malaysia and Rest of Asia-Pacific), Middle East (Iran, Turkey, Kuwait, UAE, Israel, Oman, Bahrain, Saudi Arabia, Qatar, Egypt and Rest of Middle East) & Africa.