Green Building Materials Market to Reach $490.8 Billion by 2028 at 9.7% CAGR, Driven by Eco-Friendly Solutions and Urbanization

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Green Building Materials Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $490.8 billion In 2028 At A CAGR Of 9.7%:

The green building materials market size has grown rapidly in recent years. It will grow from $305.63 billion in 2023 to $338.53 billion in 2024 at a compound annual growth rate (CAGR) of 10.8%. The growth in the historic period can be attributed to strong economic growth in emerging markets, increased construction activities in developing regions, favorable government policies for green buildings, increase in population growth, increasing industrialization, low interest rate environment and technology development.

The green building materials market size is expected to see strong growth in the next few years. It will grow to $490.8 billion in 2028 at a compound annual growth rate (CAGR) of 9.7%. The growth in the forecast period can be attributed to increased need for sustainable and eco-friendly solutions, rising demand for energy-efficient buildings and increasing applications of green building materials in residential and non-residential sectors. Major trends in the forecast period include focus on environment-friendly building materials, focus on mass timber technology, focus on adopting mineral wool insulation technique, focus on green cement, focus on eco-friendly paints, focus on new products launches and focus on partnerships and collaborations.

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Green Building Materials Market Major Segments
The green building materials market covered in this report is segmented -
1) By Type: Structural, Exterior, Interior, Other Types
2) By Application: Framing, Insulation, Roofing, Exterior Siding, Interior Finishing, Other Application
3) By End-Use: Residential Buildings, Non-Residential Buildings

Key Driver - Growing Demand For Green Buildings Boosts Growth Of The Green Building Materials Market

The increase in demand for green buildings is expected to drive the growth of the green building materials market in the coming years. Green building is the discipline of designing structures and employing procedures from site selection to design, construction, operation, service, remodeling, and deconstruction that are ecologically responsible and resource-efficient. As green building materials are utilized to produce green buildings, the demand for green building materials is also expanding. For instance, in April 2022, according to a report published by CBRE India, a commercial real estate services and investments company, green building has received a lot of attention over the past five years. During that time, the supply of green-certified buildings increased by 37%, adding 78 million square feet of certified stock. Therefore, increasing demand for green buildings is driving the growth of the green building materials market.

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Prominent Trend - Growing Popularity Of Environment-Friendly Building Materials Drives Innovation In The Green Building Materials Market

Environment-friendly building materials are becoming increasingly popular in the green building materials market. The prominent players in the green building materials market are focusing on introducing new product lines with low global warming potential (GWP) without sacrificing product quality. For instance, in August 2021, Owens Corning, a US-based manufacturer of building and industrial materials, launched its new FOAMULAR NGX (Next Generation Extruded) product line in North America. The new product line's cutting-edge selection of extruded polystyrene (XPS) foam products uses a unique blowing agent to minimize their global warming potential by 90% without sacrificing product quality.

Green Building Materials Market Players
Major companies operating in the green building materials market report are Owens Corning, BASF SE, Kingspan Group Plc, E. I. du Pont de Nemours And Company Co. Ltd., Interface Inc., Saint-Gobain (CertainTeed Corporation), Forbo International SA, Amvik Systems, Alumasc Group Plc, Bauder Limited, China State Construction Engineering Corporation (CSCEC), China Communications Construction Company Limited (CCCC), Shanghai Construction Group (SCG), SGS Group, Larsen & Toubro, GMR Group, Hindustan Construction company, Kajima Corporation, GVK Group, Shimizu Corporation, Sika AG, Välinge Flooring, HeidelbergCement, LafargeHolcim, Aerzener Maschinenfabrik GmbH, SCHMIDT Technology GmbH, Colt International Licensing Limited, Gsky Plant Systems, Hachler GmbH, Sensor spol. s r.o, Norsonic AS, Internationale Geotextil GmbH, GreenKeys, Mastal Sp zo.o, Grudnik Sp. Z O. O., KONTUR SP. Z O.O., ATT Sp. Z. O.O., Departysh D Ltd., Macon Group, Somaco, Supertech Q Materials SRL, Iridex Group, Matcons, Turner Corp, Aecom, Clark Group, Swinerton, Hensel Phelps, Skanska USA, Lendlease, Gilbane Building Co, Battle Lake Design Group, Alberta, EDGE Colombia, Electro Aco Altona, Suzano, Votorantim Cimentos Brasil, Klabin, Cielo Brazil, TUPY, BR Metals Fundições Ltda, Middle East Building Materials LLC

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Largest And Fastest Growing Region In The Market
North America was the largest region in the green building materials market in 2023. Asia-Pacific was expected to be the fastest region in the forecast period. The regions covered in the green building materials market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Green Building Materials Market Report Structure
3. Green Building Materials Market Trends And Strategies
4. Green Building Materials Market - Macro Economic Scenario
5. Green Building Materials Market Size And Growth
…..
27. Green Building Materials Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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