Press release
Green Building Materials Market: Size, Share, Forecasts, and Trends Analysis
Meticulous Research®, a premier global market research firm, today announced the release of its latest research report, titled "Green Building Materials Market by Type, Product (Exterior, Interior), Application (Roofing, Siding, Insulation, Flooring), Sector (Residential, Commercial), and Geography - Global Forecast to 2031." This report offers a detailed analysis of the green building materials market and forecasts its expansion over the next several years.Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=5985
According to the findings from Meticulous Research®, the green building materials market is poised to reach $791.8 billion by 2031, growing at a robust compound annual growth rate (CAGR) of 9.9% from 2024 to 2031. This significant growth is driven by a heightened demand for energy-efficient buildings, increasing adoption of green materials across various sectors, and supportive government policies promoting sustainable construction practices. However, the market's expansion may be tempered by the higher initial costs associated with green building materials compared to traditional options.
Market Dynamics and Segmentation
The report provides an in-depth analysis of the green building materials market, categorized by type, product, application, sector, and geography. It also includes a competitive landscape analysis and regional market evaluations.
Type Segmentation:
The market is segmented into recycled materials (including recycled steel, glass, plastic, and other recycled materials), natural materials (such as bamboo, cork, straw bales, timber), and other materials. In 2024, the recycled materials category is anticipated to dominate, holding over 54.0% of the market share. This dominance is attributed to increasing efforts to utilize recycled materials, rising demand for sustainable building solutions, government regulations aimed at reducing construction waste, and incentives promoting recycling. The recycled materials segment is also projected to achieve the highest CAGR during the forecast period.
Product Segmentation:
The market is divided into exterior products, interior products, solar products, and other product categories. In 2024, the exterior products segment is expected to hold more than 43.0% of the market share. This segment's growth is driven by the rising demand for high-performance insulation and reflective roofing, increased consumer awareness of environmental issues, and the adoption of innovative exterior products. The segment is forecasted to grow significantly due to the escalating demand for energy-efficient buildings and enhanced indoor air quality.
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Application Segmentation:
The market is categorized by applications such as roofing, insulation, flooring, siding, framing, and others. The roofing segment is projected to capture over 40.0% of the market share in 2024. This is due to the increasing use of innovative roofing solutions in residential construction, the demand for materials that improve indoor comfort, and a focus on energy efficiency. The roofing segment is also expected to exhibit the highest CAGR during the forecast period.
Sector Segmentation:
The market is segmented by sectors including residential, commercial (offices, retail spaces, hotels, educational institutes), and other sectors. The residential sector is expected to dominate with over 42.0% of the market share in 2024. This is due to rising demand for energy-efficient insulation, a focus on sustainability, and growing regulatory frameworks supporting energy-efficient buildings. The residential sector is anticipated to experience the highest growth rate.
Geographic Analysis:
The green building materials market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America is projected to hold over 35.0% of the market share in 2024. The region's dominance is supported by major players such as PPG Industries, Inc., CertainTeed, LLC, Interface Inc., and DuPont de Nemours, Inc., as well as significant investments in energy-efficient and low-carbon construction materials. For instance, in November 2023, the U.S. General Services Administration (GSA) announced a $2 billion investment in over 150 construction projects utilizing low-embodied carbon materials.
Conversely, the Asia-Pacific region is expected to achieve the highest CAGR of 11.0% during the forecast period. This growth is driven by increasing demand for eco-friendly building materials, supportive government policies, and rising public awareness of these products. Additionally, rapid industrialization and infrastructure development in countries such as Japan, South Korea, and India are contributing to the market's expansion.
Key Players
The key players operating in the green building materials market are DuPont de Nemours, Inc. (U.S.), Holcim Group (Switzerland), Interface Inc. (U.S.), Kingspan Group plc (Ireland), Owens Corning (U.S.), PPG Industries, Inc. (U.S.), Sika AG (Switzerland), Bauder Ltd. (U.K.), Amvic Inc. (Canada), Binderholz GmbH (Germany), Alumasc Group Plc (U.K.), BASF SE (Germany), CertainTeed, LLC. (U.S.), Forbo International SA (Switzerland), and LG Hausys Ltd (South Korea).
To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/solid-state-battery-market-5246
Key Questions Answered in the Report:
• Which are the high-growth market segments in terms of material, product, application, and sector?
• What was the historical market size for green building materials globally?
• What are the market forecasts and estimates for 2024-2031?
• What are the major drivers, restraints, opportunities, challenges, and trends in the green building materials market?
• Who are the major players in the green building materials market, and what are their market shares?
• What is the competitive landscape like?
• What are the recent developments in the green building materials market?
• What are the various growth strategies adopted by major market players?
• What are the major market trends, and which are the high-growth countries?
• Who are the local emerging players in the green building materials market, and how do they compete with other players?
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Solid-state Battery Market: https://www.meticulousresearch.com/product/solid-state-battery-market-5246
Inspection Robots Market: https://www.meticulousresearch.com/product/inspection-robots-market-5513
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Contact:
Mr. Khushal Bombe
Meticulous Market Research Inc.
1267 Willis St, Ste 200 Redding,
California, 96001, U.S.
USA: +1-646-781-8004
Europe : +44-203-868-8738
APAC: +91 744-7780008
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About the company:
We are the trusted research partners for leading businesses around the world, providing market intelligence focused towards building revenue transformation strategies. Our research is used by Fortune 500 organizations to attain success by scouting next generation revenue opportunities well ahead of their competition.
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