Green Building Materials Market to Witness Widespread Expansion During 2024 - 2031 | Alumasc Group Plc, Amvik Systems, BASF SE

Market Overview:

The green building materials market is estimated to be valued at USD 400.74 Bn in 2024 and is expected to reach USD 891.45 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 12.1% from 2024 to 2031.

Market Dynamics:

The green building materials market is expected to witness significant growth over the forecast period owing to two key drivers. Firstly, stringent environmental regulations regarding greenhouse gas emissions and energy consumption from buildings are pushing real estate developers and construction companies to adopt greener alternatives. Many countries have formulated policies mandating the use of eco-friendly materials in new builds. Secondly, growing consumer preference for sustainable living is augmenting the demand for green construction. Individuals and organizations alike are willing to pay a premium for buildings with reduced carbon footprint and long-term cost benefits. These drivers are expected to expand the green building materials market during the forecast period.

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Two Main Market Drivers for Green Building Materials Market

Increasing awareness about importance of sustainable construction

There is a growing awareness amongst builders, developers and homeowners about the need for sustainable construction practices that can reduce environmental impact. Green building materials that are environmentally friendly, energy efficient and made from recycled content are increasingly being preferred over traditional materials. Various certification programs are also pushing the adoption of green building standards that utilize green materials. The industry is witnessing a strong demand for products that are not just sustainable but also improve indoor air quality and wellness of occupants.

One Main Market Opportunity for Green Building Materials Market

Growing repair and renovation market for existing buildings

A large proportion of building activity globally is focused on repair, renovation and modernization of existing building stock rather than new construction projects. This established building segment presents a major opportunity for green materials manufacturers to supply retrofitting solutions. Products such as green roofing, eco-friendly exterior insulation, low-VOC paints help retrofit older structures into greener, more energy efficient buildings. Various certification programs also provide guidelines for green upgrades. With ageing infrastructure worldwide, the refurbishment and retrofit market is projected to fuel rising demand for green upgrading materials including insulations, coatings, recycled tiles etc.

One Key Market Trend for Green Building Materials Market

Increasing focus on circular economy principles in construction

Builders and architects are placing greater emphasis on adopting circular economy strategies to promote sustainability across the entire lifecycle of a building. This involves designing structures with flexibility for future retrofits, maximizing reuse of demolition waste, and leveraging modular construction techniques using recyclable materials. There is a growing product trend focused on designing for disassembly, upgradeability, refurbishment and ultimately recyclability at end-of-life. Materials complying with circular design will become the norm. This presents a major trend where manufacturers of green materials will have to engineer their products and systems to align with circularity principles to remain relevant in the future construction ecosystem.

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Top Companies Featured in This Report:

★ Alumasc Group Plc
★ Amvik Systems
★ BASF SE
★ Bauder Limited
★ Binderholz GmbH
★ CertainTeed Corporation
★ E. I. du Pont de Nemours and Company
★ Forbo International SA.
★ Interface Inc.
★ Kingspan Group plc
★ Lafarge
★ Lhoist UK Ltd/Tradical

Market Segmentation:

By Product Type:

★ By End User: Public facilities, Education, Commercial and Industrial, R&D centers, Residential, Others

By Applications:

★ By Application: Framing, Insulation, Roofing, Exterior siding, Interior fin, Other

Key Regions/Countries Classified as Follows:

» North America (U.S., Canada, Mexico)
» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
» South America (Brazil, Argentina, Rest of SA)
» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)

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Author Bio:

Alice Mutum is a seasoned senior content editor at Coherent Market Insights, leveraging extensive expertise gained from her previous role as a content writer. With seven years in content development, Alice masterfully employs SEO best practices and cutting-edge digital marketing strategies to craft high-ranking, impactful content. As an editor, she meticulously ensures flawless grammar and punctuation, precise data accuracy, and perfect alignment with audience needs in every research report. Alice's dedication to excellence and her strategic approach to content make her an invaluable asset in the world of market insights.

(LinkedIn: https://www.linkedin.com/in/alice-mutum-3b247b137 )

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