Meticulous Research®, a prominent global market research organization, has unveiled a comprehensive 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.’
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According to the latest research from Meticulous Research®, the green building materials market is projected to reach $791.8 billion by 2031, growing at a robust compound annual growth rate (CAGR) of 9.9% from 2024 to 2031.
The anticipated growth in the green building materials sector is driven by the escalating demand for energy-efficient and eco-friendly construction solutions. This rise is further supported by the broad acceptance of sustainable materials across various sectors and the enforcement of stringent government policies promoting green building practices. However, the market faces potential barriers due to the higher initial investment required compared to traditional building materials.
Opportunities abound in this market segment, particularly for companies focused on sustainability. Despite this, challenges such as limited consumer awareness about the benefits and availability of green building materials may affect growth.
The market is analyzed based on several criteria: type, product, application, sector, and geography. By type, the market is divided into recycled materials (including recycled steel, glass, plastic, and others), natural materials (such as bamboo, cork, straw bales, timber, and others), and other materials. In 2024, recycled materials are expected to dominate, holding more than 54.0% of the market share. This dominance is attributed to the increasing emphasis on recycling, the demand for sustainable materials, and supportive government regulations aimed at reducing waste. This segment is also projected to have the highest growth rate during the forecast period.
The market segmentation by product includes exterior products, interior products, solar products, and other products. In 2024, exterior products are forecasted to hold the largest market share, over 43.0%. This is due to the growing demand for high-performance insulation, reflective roofing solutions, and energy-efficient exterior products, driven by heightened environmental awareness and the need to reduce heating and cooling costs. The segment is expected to grow significantly as the need for energy-efficient buildings increases.
In terms of application, the market is categorized into roofing, insulation, flooring, siding, framing, and other applications. The roofing segment is anticipated to capture the largest share of more than 40.0% in 2024. This significant share is driven by the adoption of innovative roofing materials, the need for improved indoor comfort, and increased demand for energy-efficient solutions. The roofing segment is also expected to exhibit the highest CAGR during the forecast period.
By sector, the market is segmented into residential, commercial, and other sectors. The residential sector is expected to hold the largest share, surpassing 42.0% in 2024. The growth in this sector is driven by the rising demand for energy-efficient homes, growing environmental concerns, and increasing regulations promoting sustainable building practices. The residential sector is also projected to experience the highest growth rate over the forecast period.
Geographically, the market analysis includes North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, North America is forecasted to lead with a market share of over 35.0%. This leadership position is due to the presence of major market players such as PPG Industries, Inc., CertainTeed, LLC, Interface Inc., and DuPont de Nemours, Inc. The region’s demand for green building materials is supported by the need for energy-efficient structures and strong government policies. Notably, the U.S. General Services Administration (GSA) plans to invest $2 billion in construction projects utilizing low-embodied carbon materials, including asphalt, concrete, glass, and steel.
Conversely, the Asia-Pacific (APAC) region is expected to register the highest CAGR of 11.0% during the forecast period. The growth is driven by the increasing demand for eco-friendly building materials, supportive governmental policies, and rising public awareness of the benefits of green building practices. Rapid economic development and infrastructure expansion in countries like Japan, South Korea, and India are contributing to the market’s growth in APAC.
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?
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