With 10.5% CAGR, China Green Building Materials Market Growth to Surpass US$ 299.5 Billion till 2023-28

IMARC Group, a leading market research company, has recently releases report titled "China Green Building Materials Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028." The study provides a detailed analysis of the industry, including the China green building materials market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

How Big is the China Green Building Materials Market?

The China green building materials market size reached US$ 163.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 299.5 Billion by 2028, exhibiting a growth rate (CAGR) of 10.5% during 2023-2028.

What are Green Building Materials?

Green building materials are characterized by their low environmental impact in terms of their production and their use. They incorporate recycled materials like fly ash or slag, reducing the carbon footprint associated with traditional concrete production. They are manufactured through processes that prioritize energy efficiency, resource conservation, and reduced carbon emissions. They are available in several types, including bamboo, recycled plastic, reclaimed wood, and low-volatile organic compounds (VOC) paints, each serving different purposes in construction, ranging from structural components to insulation and finishes. They help promote sustainable construction practices and significantly reduce the ecological impact of buildings by conserving natural resources and reducing waste and pollution. They contribute to healthier indoor environments by reducing toxins and improving air quality. They often provide superior insulation, leading to reduced energy costs. They support the longevity and durability of buildings by reducing maintenance and replacement costs over time. They are versatile in nature and allow for innovative architectural designs that are both aesthetically pleasing and environmentally responsible.

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China Green Building Materials Market Trends and Drivers:

At present, the increasing demand for sustainable and efficient urban infrastructure, along with the construction of green buildings, represents one of the key factors impelling the market growth in China. Additionally, the rising implementation of various policies and regulations by governing agencies is prompting the adoption of green building practices. Besides this, the growing advancements in material science and technology are improving the quality and performance of green building materials and making them more cost-effective. Moreover, the increasing focus on supply chain optimization to streamline procurement, production, and distribution processes and ensure the efficient availability of materials is bolstering the market growth in the country. This optimization also encourages manufacturers to adopt sustainable supply chain practices, which include sourcing raw materials responsibly, reducing transportation emissions, and minimizing waste. Apart from this, the rising integration of green building materials with renewable energy systems like solar panels and wind turbines is creating net-zero energy buildings that are highly efficient and generate their energy. Furthermore, the growing incorporation of digital technologies, such as building information modeling (BIM), artificial intelligence (AI), and the internet of things (IoT) are enabling more efficient design, construction, and operation of green buildings. They also facilitate better tracking of material usage and environmental impact, enhancing the overall sustainability of construction projects. In addition, the increasing preference for customization and personalization in green building materials is encouraging manufacturers to offer products that can be tailored to specific architectural designs or performance requirements. This customization also enables architects and builders to achieve both aesthetic and environmental goals in their projects. The rising popularity of green roofs and living walls for enhancing the aesthetic appeal of buildings and providing environmental benefits, such as improved air quality, thermal regulation, and biodiversity support, is contributing to the market growth in the country.

China Green Building Materials Market 2023-2028 Analysis and Segmentation:

Top Key Players covered in this report are:

• Guangdong Matsumoto Green New Materials Co., Ltd.
• Shanghai Building Materials (Group) Corporation (Shanghai Land Group Co., Ltd)
• Soben International (Asia Pacific) Limited (Soben International Group Limited)
• Wang Mingde Import & Export Ltd.

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The report segmented the market on the basis of region, product type and end user.

Breakup by Product Type:

• Interior Products
• Floorings
• Insulation
• Exterior Products
• Windows
• Roofing
• Doors
• Siding
• Building Systems
• Solar Products
• Others

Breakup by End User:

• Residential
• Non-Residential
• Commercial and Office
• Institutional
• Industrial
• Hospitality and Leisure
• Others

Breakup by Province:

• Guangdong
• Jiangsu
• Shandong
• Zhejiang
• Henan
• Others

Key highlights of the report:

• Market Performance (2017-2022)
• Market Outlook (2023- 2028)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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This release was published on openPR.