Green Building Materials Market Size, Trends & Forecast Overview

Rajul123

posted on 1 month ago — updated on 1 second ago

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By 2031, the Green Building Materials Market is anticipated to hit $791.8 billion, expanding at a CAGR of 9.9% from 2024.

Meticulous Research® recently published a report titled “Green Building Materials Market by Type, Product, Application, Sector, and Geography – Global Forecast to 2031,” which predicts the market to reach $791.8 billion by 2031, at a CAGR of 9.9% from 2024 to 2031.

Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=5985

This market’s expansion is largely driven by the growing need for energy-efficient building materials, increasing adoption of eco-friendly products, and government policies that support sustainable construction practices. However, the high initial investment required for green building materials compared to conventional options may pose a challenge.

The market is segmented by type, including recycled, natural, and other materials. The recycled materials segment is expected to dominate in 2024, accounting for more than 54.0% of the market. This segment's growth is driven by increasing awareness of recycling and government initiatives promoting the use of sustainable building products.

In terms of product types, exterior products are set to capture the largest share of 43.0% by 2024. Rising demand for energy-efficient insulation and reflective roofing is expected to fuel this category’s growth, as these materials help reduce energy consumption and improve indoor air quality.

The application segment of the market includes roofing, insulation, flooring, siding, and framing. The roofing category is expected to lead the market with over 40.0% share in 2024, primarily due to the rising adoption of energy-efficient roofing solutions, particularly in residential construction.

The residential sector is forecasted to hold the largest market share of 42.0% in 2024, driven by increasing demand for energy-efficient homes and insulation. The residential market will also experience the fastest growth during the forecast period, reflecting a strong shift toward sustainable living.

On a regional basis, North America is expected to dominate the market, holding over 35.0% of the global share in 2024. The U.S. General Services Administration’s (GSA) $2 billion investment in green construction projects, as well as the region’s focus on environmental sustainability, will drive market growth. The Asia-Pacific region, however, will experience the highest CAGR of 11.0%, driven by increasing construction activities and supportive government policies in Japan, South Korea, and India.

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/green-building-materials-market-5985

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?