Green Building Materials Market Analysis & Forecast 2024-2030

Global Green Building Materials Market is expected to reach USD 632000 million by 2030 with CAGR of 9.5% between 2024 and 2030

Overview

Green Building Materials have become very popular in the construction industry, especially since the last decade. Green Building Materials are the raw materials that are used in the construction industry to reduce the environmental impact of the building process. Steel and concrete used in the construction industry are responsible for severe damage to the environment. Their manufacturing results in high carbon dioxide emissions. The cement manufacturing industry is one the largest producers of carbon dioxide generating nearly 8% of total emissions. Increasing pollution, declining resources, increasing population is resulting in the adoption of green buildings materials. Green Building Materials are produced from renewable sources and range from concrete mixtures to polymer composites.  

Commonly used materials are straw Bales, Bamboo, Grasscrete, Recycled Plastic, Wood, Rammed Earth, HempCrete, AshCrete, Timbercrete etc. Rising concerns of global warming around the world, rising awareness regarding the benefits of Green Building Materials, the drastic shift of consumers towards green constructions are some major driving factors for the growth of Green Building Materials market. However, factors such as high cost, reluctance of consumers to buy, difficulties in procurement are restraining the growth of the market. Ongoing technological advancements in Green Building Materials to enhance efficiency, durability, reduce cost, and the growing use of recyclable materials are expected to offer several growth opportunities in the forecast period.  

Product types & Competitive analysis

Based on product type, the Green Building Materials market is segmented into sealant, concrete admixture, grouting and flooring and coatings. Concrete admixture is estimated to be the largest product type segment. The development of new technologies has yielded new admixtures that are easier to produce and get higher quality concrete. These mixtures reduce energy demands, CO2 emissions and environment friendly, mostly preferred cost-effective concrete that meets performance targets. Growing demand for sustainable building constructions will boost the growth of the market.  

The competitive analysis included in research study helps users to understand key players market positioning and marketing strategies. Companies are focusing on growth strategies such as new product launches, product approvals, directing marketing activities to target residential and commercial sectors and expansion of operations in key markets. Several existing players in the construction material market are entering into the market offering new products to the industry. For instance, In July 2020 LafargeHolcim a Switzerland-based building materials manufacturer has launched green concrete for high-performance, sustainable construction.  

The company launched the product in US market and is planning to introduce it to Latin America, Canada and the U.K. Green concrete is already available in Switzerland, Germany and France. The competition in the market will intensify in the future as the market is booming in the Asia Pacific with potential players emerging from rapidly developing economies such as China and India. In addition to this rising acquisitions of likely competitors and fruitful partnerships & collaborations will boost the growth in the forecast period.  

Application & Regional analysis

Based on application segment global Green Building Materials market is categorized into roofing, exterior siding, framing and insulation. The Insulation segment accounted for the largest revenue share in 2023 and is anticipated to sustain its dominance over the forecast period. Insulation materials are one of the major components of green building. Rising number of residential and commercial construction activities, use of hemp, flax, and jute to insulate walls and roofs are expected to propel the growth of segment in forecast period. Roofing segment is the second largest segment in terms of revenue generation and is expected to grow at highest growth rate. Green roofs are being used in urban areas with integration of solar tiles, solar shingles, metal pitched roofs with photovoltaics functionality.  

The regional outlook of research study is based on analysis of Market in North America, Europe, Asia Pacific, Middle East, South America, and Africa & Rest of the World. North America is estimated to be the largest market, accounting for over 35% of the total market share. U.S. and Canada are the leading markets in the region. The growth in these countries was attributed to the rising trend of green buildings, growing preference of Green Building Materials over traditional materials coupled with the rise in construction of new buildings, increase in number of renovation and reconstruction activities in commercial and residential buildings. Asia Pacific is the fastest-growing region in global Green Building Materials market.  

The growth of the region was mainly attributed to the thriving construction industry and significant rise in infrastructure investments arising in rapidly growing economies such as China, India, Malaysia, Australia, Taiwan and Indonesia. China accounts for more than one-third of the world's construction chemical market. The region has a significant rise in the number of new building constructions and existing building renovations coupled with growing investments in green buildings and the development of sustainable infrastructure. China is expected to maintain its dominance in the future owing to the humongous demand for building materials in residential and industrial buildings. Europe is the second-largest market in terms of revenue generation in 2023. 

Countries such as UK, Ireland and Germany have implemented several environmental regulations to curb emission which has resulted in increased green technology adoption in the region. The growth in the region was attributed to the rising demand for Green Building Materials in the construction industry, rising environmental regulations and shifting consumer preferences.  

Global Green Building Materials Market : Product Types

• Sealant
• Concrete admixture
• Grouting and Flooring
• Coatings

Global Green Building Materials Market : Application

• Roofing
• Exterior siding
• Framing
• Insulation

Global Green Building Materials Market : Competitive Analysis

Report includes accurate analysis of key players with Market Value, Company profile, SWOT analysis. The Study constitutes of following key players in Global Green Building Materials Market :

• DuPont
• Homasote Company
• Owens Corning
• Alumasc Group plc
• Kingspan Group
• Sika AG
• BASF
• Wienerberger AG
• PPG Industries

Geographical analysis of Global Green Building Materials Market :

• North America
  • U.S.A
  • Canada
• Europe
  • France
  • Germany
  • Spain
  • UK
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South East Asia
• Latin America
  • Brazil
• Middle East and Africa

Global Green Building Materials Market Report delivers a comprehensive analysis of the following parameters:

• Market Forecast for 2024-2030
• Market growth drivers
• Challenges and Opportunities
• Emerging and Current market trends
• Market player Capacity, Production, Revenue (Value)
• Supply (Production), Consumption, Export, Import analysis
• End user/application Analysis

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