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Green Building Materials Market is projected to reach $511.2 billion by 2030 | with CAGR 8.1%

12-08-2023 11:51 AM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

Green Building Materials Market is projected to reach $511.2

The global Green Building Materials industry generated $237.3 billion in 2020 and is projected to reach $511.2 billion by 2030, with a CAGR of 8.1% from 2021 to 2030. The preference for green building materials in construction, coupled with benefits like ease of maintenance and cost-effectiveness, drives market growth. Despite obstacles like high manufacturing costs, supportive government policies in developed nations offer new opportunities. The Covid-19 pandemic initially impacted the market negatively, causing a decline in demand and disrupting the supply chain. However, the market is steadily recovering as construction activities resume.

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Growth Determinants:

Preference for green building materials in construction.

Benefits like ease of maintenance and cost-effectiveness.

Hindrances include high manufacturing costs.

Supportive government policies in developed nations create new opportunities.

Covid-19 Impact:

Initial negative impact due to decreased demand and disrupted supply chain.

Production facilities halted during lockdown.

Market recovery as construction activities resume.

Product Segments:

Exterior products segment dominates with over one-third market share.

Solar products segment exhibits the highest CAGR of 9.5%.

Increased demand for energy-efficient buildings drives the solar products segment.

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Application Segments:

Residential buildings segment leads with over half of the market share.

Non-residential buildings segment projected to have the highest CAGR of 8.7%.

Surge in population and building regulations drive residential buildings segment.

Regional Insights:

Europe, followed by North America, dominates with the highest market share.

Increased demand from hospitality and leisure applications in Europe.

Asia-Pacific expected to witness the fastest CAGR of 9.1% due to increased construction activities and government focus on eco-friendly buildings.

Key Benefits for Stakeholders

The report includes in-depth analysis of different segments and provides market estimations between 2021 and 2030.

The green building materials market size is provided in terms of $million.

A comprehensive analysis of the factors that drive and restrict the growth of the green building material market is provided.

Porter's five forces model illustrates the potency of buyers & sellers, which is estimated to assist the market players to adopt effective strategies.

Estimations and forecasts are based on factors impacting the green building material market growth, in terms of $million.

Key market players are profiled to gain an understanding of the strategies adopted by them.

This report provides a detailed analysis of the current green building material market trends and future estimations from 2021 to 2030, which helps to identify the prevailing green building materials market opportunities.

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Leading Market Players

► Alumasc Group Plc
► Amvik Systems
► BASF SE
► Bauder Limited
► Binderholz GmbH
► E. I. du Pont de Nemours and Company
► Forbo International SA
► Interface Inc
► Kingspan Group Plc
► Owens Corning

Similar Report:

Green Coatings Market: https://www.alliedmarketresearch.com/green-coatings-market

Green Polyols Market: https://www.alliedmarketresearch.com/green-polyols-market-A11898

Lightweight Materials Market:

https://www.alliedmarketresearch.com/lightweight-material-market

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About Us:

Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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