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2022
Green Building Materials Market

Green Building Materials Market by Product Type (Exterior Products, Interior Products, Building Systems, Solar Products, and Others) and Application (Residential Buildings and Non-Residential Buildings): Global Opportunity Analysis and Industry Forecast, 2021–2030

✷  A00331
Pages: 216
Apr 2022 | 37120 Views
Author(s) : Sushant Moon and Amit Narune
Tables: 116
Charts: 62
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COVID-19

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The green building materials market size was valued at $237.3 billion in 2020, and is projected to reach $511.2 billion by 2030, growing at a CAGR of 8.1% from 2021 to 2030.

Statement for COVID-19 banner: The outbreak of COVID-19 halted the construction activities around the world in 2020 which significantly hampered the construction industry. This consequently impacted the demand for green building materials market.

Green building material is a material that improves a building structure's sustainability and efficiency in terms of design, construction, maintenance, and renovation. These materials are highly energy efficient and made from renewable waste sources. Mycelium, hempcrete, recycled plastic, straw bales, bamboo & wood, rammed earth, timbercrete, and grasscrete are utilized in the construction of green building material.

Green building materials are becoming increasingly popular in various construction projects as they minimize the environmental impact of building materials associated with installation, transportation, manufacturing, processing, disposal, and recycling. Rise in preference for these materials over traditional construction materials is expected to boost the green building materials market's growth. They help to reduce carbon emissions, which in turn helps to reduce global warming. Additionally, they are energy-efficient & environmentally friendly, making them easy to maintain and cost effective. When compared to standard construction materials, the advantages of green building materials make them an excellent alternative. Furthermore, governments in developed nations implemented policies and incentives to encourage green construction, which is anticipated to boost the demand for green building materials. However, decreased income per capita in some of the countries is anticipated to restrain the construction activities from residential sector. This might hinder the green building materials market growth.

The green building material market is segmented into product type, application, and region. On the basis of product type, the market is segmented into exterior products, interior products, building systems, solar products, and others. By application, the market is segmented into residential building and non-residential buildings. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The green building material market share is analyzed across all significant regions and countries.

Major players that operate in green building materials market are Alumasc Group Plc (UK), Amvik Systems (Canada), BASF SE (Germany), Bauder Limited (UK), Binderholz GmbH (Germany), E. I. du Pont de Nemours and Company (U.S.), Forbo International SA (Switzerland), Interface Inc. (U.S.), Kingspan Group Plc (Ireland), and Owens Corning (U.S.).

Other key players in the global green building materials industry value chain include, Acoustical Surfaces, Inc. (U.S.); Cemex S.A.B. de C.V. (Germany); Cold Mix Manufacturing Corp. (U.S.); GE Sealants and Adhesives, Inc. (U.S.); Green Build Products (I) Pvt. Ltd. (India); Green Fiber, LLC (U.S.); Magicrete Building Solutions Pvt. Ltd.  (India); Momentive Performance Materials Inc. (U.S.); National Fiber Technology, LLC (U.S.); Novagard Solutions, Inc. (U.S.); Onekin Green Building Materials Co. Ltd. (China); PPG Industries, Inc. (U.S.); RedBuilt, LLC (U.S); Reward Wall Systems, Inc. (U.S.); Sika AG (Switzerland); Soben International Eco Ltd. (China); Structurlam Products Ltd. (Canada); Sunlight Electrical Pte Ltd. (Singapore); Techno Green PVC Pvt. Ltd. (India); and ZinCo USA, Inc. (U.S.).

Green Building Material Market, by Product Type

The exterior product segment held the significant share in the green building material market in 2020 and is estimated to grow with a CAGR of 7.9% during the forecast period. Owing to the increased repair and maintenance activities in North America and Asia-Pacific region.

Green Building Materials Market
By Product Type

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Solar Product is projected as the most lucrative segment.

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Green Building Material Market, by Application

The residential building segment held the significant share in the green building material market in 2020 and is expected to grow at a CAGR of 7.4% during the forecast period. Owing to the growing number of building laws and policies requiring energy-efficient constructions, green building construction in the residential sector is increasing. This has created a market for environmentally friendly and energy-efficient building materials.

Green Building Materials Market
By Application

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Non-Residential Buildings is projected as the most lucrative segment.

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Green Building Material Market, by Region

Asia-Pacific garnered the highest share in the green building material market in 2020, in terms of revenue, and is anticipated to maintain its dominance during the forecast period. This is attributed to increase in construction activities in this region. Maintenance and repair activities increased in the construction industry in these regions owing to increase in government maintenance activities and initiatives, which further contributes significantly in the growth of green building materials market.

Green Building Materials Market
By Region

2030
Europe 
North America
Asia-pacific
Lamea

Europe holds a dominant position in 2020 and Asia-Pacific is projected as the most lucrative region over the forecast period.

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COVID-19 Impact on Market

  • The COVID-19 outbreak impacted the green building materials market negatively. The market witnessed a sharp decline in demand for green building materials.
  • The COVID-19 pandemic caused a ban on import and export, thereby disrupting the supply chain and hampering the green building materials market growth.
  • Lockdown imposed by government impacted the construction sector as many of the construction projects have been halted or postponed.
  • There was a huge supply and demand gap created due to the COVID-19 pandemic.

Key Benefits For Stakeholders

  • The report includes in-depth analysis of different segments and provides market estimations between 2021 and 2030.
  • The green building materials market size is provided in terms of $million.
  • A comprehensive analysis of the factors that drive and restrict the growth of the green building material market is provided.
  • Porter’s five forces model illustrates the potency of buyers & sellers, which is estimated to assist the market players to adopt effective strategies.
  • Estimations and forecasts are based on factors impacting the green building material market growth, in terms of $million.
  • Key market players are profiled to gain an understanding of the strategies adopted by them.
  • This report provides a detailed analysis of the current green building material market trends and future estimations from 2021 to 2030, which helps to identify the prevailing green building materials market opportunities.

Key Market Segments & Key Market Players

Segments Sub-segments
By Product Type
  • Exterior Products
    • Windows
    • Roofing
    • Doors
    • Siding
  • Interior Products
    • Floorings
    • Insulation
  • Building Systems
  • Solar Products
  • Others
By Application
  • Residential Buildings
  • Non-residential Buildings
    • Commercial & Office
    • Institutional
    • Industrial
    • Hospitality & Leisure
    • Others
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (Germany, France, UK, Italy, Poland, Rest of Europe)
  • Asia-Pacific  (China, Japan, South Korea, India, Australia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, UAE, South Africa, Rest of LAMEA)
 

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Environmental concerns and focus on sustainable infrastructure drive the development of green building construction in both residential and non-residential sectors. Due to high cost and low awareness about the benefits of green building, the penetration of green building in the residential sector is lower as compared to the non-residential. Emission reduction potential and low operating costs are the major factors that drive the growth of green building material market across the globe. New imitation slate materials are introduced in the market, which offer a longer lifespan to the roofs than asphalt and are available at a very low cost compared to original slate. These imitation materials are produced using 100% re-engineered and recycled materials, including cellulose and rubber. Recycled-content decking materials are increasingly replacing pressure-treated pine, cedar, and old-growth redwood in all non-structural deck applications as they offer cost savings and improved durability as compared to wood. In addition, these materials do not crack, rot, do not require staining, and are not treated with toxic chemicals.

Environment regulations aided the growth of green building materials market in emerging economies such as India and China, especially in the commercial sector. Singapore emerged as a green building model for developers and planners across Asia-Pacific by incorporating sun-shading exteriors, computer modelling of energy flows & carbon emissions, water-efficient fittings, and highly efficient HVAC systems in their building structures.

The Asia-Pacific green building material market offers promising opportunities for green building material manufacturers, owing to growth in infrastructure and rapid industrialization. In addition, increase in disposable incomes in developing economies, such as China, India, and Japan majorly fuel the market. However, many construction projects are halted or postponed due to the COVID-19 pandemic, which hinder the demand for green building material.

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FREQUENTLY ASKED QUESTIONS?

A. The increasing applications of green building materials in residential and non-residential sectors is driving the green building material market.

A. The green building material market size was valued at $237.3 billion in 2020, and is projected to reach $511.2 billion by 2030, growing at a CAGR of 8.1% from 2021 to 2030.

A. Alumasc Group Plc, Amvik Systems, BASF SE and Kingspan Group Plc are some of the most established players of the global Green Building Materials market.

A. Non-residential application is projected to increase the demand for Green Building Materials Market.

A. • By Product Type o Exterior Products o Interior Products o Building Systems o Solar Products o Others • By Application o Residential Buildings o Non-residential Buildings

A. Increasing demand for green building materials over traditional construction materials and increased construction activities in developing region is driving the demand for green building materials.

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