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2021
South East Asia And Australia Green Building Materials Market

South East Asia and Australia Green Building Materials Market by Product Type (Exterior Products, Interior Products, Building Systems, Solar Products, and Others) and Country (Singapore, Malaysia, Philippines, Indonesia, Vietnam, Thailand, and Australia): Opportunity Analysis and Industry Forecast, 2021–2030

A13055
Pages: 171
Aug 2021 | 2567 Views
Author(s) : Chidanand Bilagi, Nikhil Mittal , Eswara Prasad
Tables: 74
Charts: 47
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South East Asia and Australia Green Building Materials Market Statistics - 2030

The South East Asia and Australia green building materials market size was valued at $15.3 billion in 2020, and is projected to reach $38.5 billion by 2030, growing at a CAGR of 9.7% from 2021 to 2030.

South East Asia and Australia green building materials market has been negatively impacted due to the wake of the COVID-19 pandemic, owing to its dependence on the building & construction sector.

Green building is a technology used for constructing eco-friendly building structures. Green building is designed and constructed in such a way that it helps to reduce or help to eliminate negative impacts on the environment and surroundings. In addition, these buildings help to conserve natural resources and aids the quality of life. Utilization of solar energy, use of energy efficiently, reduction of pollution, re-utilization of products, improved indoor air quality, and utilization of building materials that are non-toxic are some of the criteria that make green buildings.      

South-East-Asia-and-Australia-Green-Building-Materials

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Building & construction sector accounts for more than two-third share of total greenhouse gas emissions across the globe. Thus, there is a great potential for reducing greenhouse emissions by increasing the energy efficiency of buildings and communities. Reductions in greenhouse emissions can be accomplished by construction of new green buildings with low energy consumption and retrofitting of existing buildings. This is expected to escalate the South East Asia and Australia green building materials market growth. The initial cost of a building project is about 5-10% of the total allocated budget for the building throughout its lifetime, while the operation and maintenance costs account for 50-80% of this amount. Thus, the maximum value of a building project can be obtained if a client focuses on the operation and maintenance benefits of green construction rather than the high first costs. Green buildings enable significant amount of savings of energy, water, and cost, as they reduce the use of energy by eliminating the need for artificial lighting in buildings. Several studies exhibit that high-performance building design reduces the operating costs of a building from 13.6% to 50%. The reduction in electricity and water bills offers significant financial benefits and repays the high initial costs in a short span of time. This is anticipated to drive the growth of the market.  

On the contrary, cost concerns and several market barriers including “split incentive” barrier, i.e., owners of the houses do not make effective investments in their properties, as its occupants who reap benefits from these investments and not owners, exist in the green building construction market. About 40% of commercial buildings and 32% of households in the world are rented or leased. Tenants do not have much control over building improvements, and owners do not intend to invest, as they cannot reap the benefits. These factors are predicted to hamper the market growth. Moreover, fee structure of building design engineers makes first costs of green construction more than the cost of maintenance during its life cycle. Projects are allocated to teams that design buildings that cost the least to construct, and the fees of these designers is reduced if the actual construction cost exceeds the estimated cost. This practice hampers the energy efficiency of buildings, as the initial capital costs for installation of advanced building systems such as HVAC is more, but these systems reduce subsequent operational and maintenance costs. 

Infrastructure development, rise in number of residential and commercial buildings, and favorable public–private partnerships are the major factors driving the construction industry across South East Asia and Australia. In addition, continuous technological advancements and penetration of international infrastructure players into emerging economies boost the construction market. Residential construction is expected to register substantial growth in Indonesia due to low interest rates, high employment rate, and the need to provide housing for asylum seekers and refugees. The South East Asia and Australia government have initiated tax incentives for builders developing green buildings to encourage green construction. The usage of green building materials has witnessed rapid adoption in construction and retrofitting of residential and non-residential buildings. Thus, growth in the construction industry is expected to fuel the demand for green building materials is anticipated to open up new opportunity in the future.

The South East Asia and Australia green building materials market analysis is done on the basis of product type and country. On the basis of product type, the market is divided into exterior products, interior products, building systems, solar products, and others. The countries covered in the study include Singapore, Malaysia, Philippines, Indonesia, Vietnam, Thailand, and Australia. 

The major companies profiled in this report include PT Bakrie & Brothers Tbk, Siam Cement Group, Kee Kiong (A2Z) SDN BHD, Aathaworld Sdn Bhd, Interface Inc., PT Modern Panels Indonesia, Brickworks Building Products Ltd., James Hardie Australia Pty Ltd., GreenPan, and CSR Limited. 

South East Asia and Australia Green Building Materials Market, by Product Type 

The solar products segment is projected to grow at the fastest CAGR of 10.8%. The use of energy-efficient equipment conserves energy and saves money. Consumers can avoid buying unnecessarily huge and expensive systems by matching the system with the building requirements is the key market trend. Solar water heating is commercially used to meet domestic hot water needs since a decade. It can work as the primary space heating source in radiant flooring.

South East Asia and Australia Green Building Materials Market
By Product Type

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Solar products type is the most lucrative segment

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South East Asia and Australia Green Building Materials Market, by Country

By country, the Singapore garnered the largest South East Asia and Australia green building materials market share in the South East Asia and Australia green building materials market in 2020, and is projected to exhibit a CAGR of 8.6% during the forecast period. Several schemes and development plans have been adopted in Singapore to support the growth of green building construction. For instance, BCA green mark scheme was formed in 2005 which supported the growth of green building sector since 2005 and has attracted several stakeholders in the country for adoption of new green buildings. In addition, Singapore green building masterplan (SGBMP) is also set up to support the growth and construction of new green building in the country. Singapore BCA and SGBMP are set up to construct 80% green buildings in the country by 2030. 

South East Asia and Australia Green Building Materials Market
By Country

2030
Singapore 
Malaysia
Philippines
Indonesia
Vietnam
Thailand
Australia

Philippines is projected as the fastest growing segment

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Key benefits for stakeholders

  • Porter’s five forces analysis helps analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
  • It outlines the current South East Asia and Australia green building materials market trends and future estimations from 2020 to 2030 to understand the prevailing opportunities and potential investment pockets.
  • The key drivers, restraints, and opportunities and their detailed impact analysis are explained in the study.
  • The profiles of key players and their key strategic developments are enlisted in the report.

Impact of COVID-19 on the South East Asia and Australia green building materials market 

  • The novel coronavirus is an incomparable global pandemic that has spread to over 180 countries and caused huge losses of lives and the economy around the globe.
  • South East Asia and Australia green building materials market has been negatively impacted due to the wake of the COVID-19 pandemic, owing to its dependence on the building & construction sector. The increase in risk of infection among the workforce has resulted in delayed construction projects amid the COVID-19 scenario. For instance, according to an article published by CNA, the construction Industry Joint Committee (CIJC) has said that the shortage of manpower may lead to delay in construction projects attributed to workplace safety, and other factors.
  • Moreover, several green building materials manufacturers in South East Asia and Australia have either shut down or shrank their operations which in turn have resulted in supply chain disruptions. Also, different raw materials for producing green building materials are purchased or hired from other enterprises. The decreased purchasing potential of suppliers has also negatively impacted the market amid the COVID-19 scenario.
  • Furthermore, the COVID-19 pandemic has led to disruptions in transportation, contractual implications problems, labor shortage, and other factors that together have led the construction sector to witness a downfall. For instance, according to a report published by the Australian Performance of Construction Index (PCI) Survey, the construction activity has dropped by 16.3 points to 21.6 points from March 20201 to August 2020.      
  • However, emerging geographic scenarios, enhanced domestic supply chain, and strong public investments are projected to drive the growth of South East Asia and Australia green building materials market. For instance, according to an interim report for the 2021 Australian infrastructure plan, the Australian Construction Industry Forum (ACIF) expects the construction industry to return to pre-COVID-19 levels by 2022-23, driven by strong public investments. This is predicted to boost the growth of the South East Asia and Australia Green Building Materials Market post-COVID-19 period.  

KEY MARKET SEGMENTS

By Product Type

  • Exterior Products
    • Windows
    • Roofing
    • Door
    • Siding
  • Interior Products
    • Floorings
    • Insulation
  • Building Systems
  • Solar Products
  • Others

By Country

  • Singapore
  • Malaysia
  • Philippines
  • Indonesia
  • Vietnam
  • Thailand
  • Australia

Key players in the South East Asia and Australia green building materials market are:

  • PT Bakrie & Brothers Tbk 
  • Siam Cement Group 
  • Kee Kiong (A2Z) SDN BHD 
  • Aathaworld Sdn Bhd 
  • Interface Inc.
  • PT Modern Panels Indonesia 
  • Brickworks Building Products Ltd.
  • James Hardie Australia Pty Ltd.
  • GreenPan 
  • CSR Limited
 

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The South East and Australia green building materials market is expected to exhibit high growth potential, Green roofs improve energy efficiency of building structures, improve air quality, and enhance the aesthetics of urban rooftops. Proper installation of roofs is fundamental for the structural integrity of a building, and thus the choice of roofing materials affects the energy-efficiency of a building. In addition, roofing membranes manufactured using vinyl and other single-ply technologies have revolutionized in roofing installation and specification over the past 30 years, offering quick, efficient, and clean alternatives to build roofs with superior design flexibility, which is predicted to offer lucrative growth opportunities in the future.

Doors serve as a barrier between internal and external environment, and provide durability, noise abatement, energy-efficiency, and security. Numerous durable and efficient plastic solutions with greater R-values (resistance to heat) are available for manufacturing doors. Entry doors with a foam plastic core enable soundproofing and improve insulation value to reduce energy requirements for cooling and heating. Siding plays a crucial role in enhancing aesthetics of a structure. Wood, fiber cement, and composites including plastics and vinyl are used in manufacturing of sidings. Reclaimed and recycled wood is traditional siding choice for green architects and builders. Green builders and designers intend to replace synthetic materials used in building structures with low impact natural materials. Natural clay plaster, natural fiber flooring, and paperless drywall are green building materials used in interior finishing of a building structure. The use of low/no volatile organic compound (VOC) paints, coatings, and stains assists in improving indoor air quality. Casein paint made from natural pigments such as milk solids, talcum, lime, and salt reduce waste generation.

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FREQUENTLY ASKED QUESTIONS?

A. Reduction of emission from green building materials and decreased operational cost are the key factors boosting the South East Asia & Australia green building materials market growth.

A. The South East and Australia green building materials market forecast was valued at $15,338.5 million in 2020, and is projected to reach $38,513.8 million by 2030, growing at a CAGR of 9.7% from 2021 to 2030.

A. PT Bakrie & Brothers Tbk, Siam Cement Group, Kee Kiong (A2Z) SDN BHD, Aathaworld Sdn Bhd, Interface Inc., PT Modern Panels Indonesia, Brickworks Building Products Ltd., James Hardie Australia Pty Ltd., GreenPan, and CSR Limited are the most established players of the South East Asia & Australia green building materials market.

A. Exterior product industry is projected to increase the demand for South East Asia & Australia green building materials market

A. The South East and Australia green building materials market is segmented on the basis of product type, and country. On the basis of product type, the market is categorized into exterior products, interior products, building systems, solar products, and others. On the basis of country, the market is categorized into Singapore, Malaysia, Philippines, Indonesia, Vietnam, Thailand, and Australia.

A. The growth of the South East Asia and Australia green building materials market is driven by positive effects of green buildings on human health and environment. Several schemes and development plans have been adopted in South East Asia to support the growth of green building construction. For instance, BCA green mark scheme was formed in 2005 in Singapore, which supported the growth of the green building sector since 2005 and has attracted several stakeholders in the country for adoption of new green buildings is the Main Driver of South East Asia & Australia green building materials Market.

A. Solar product application is expected to drive the adoption of South East Asia & Australia green building materials.

A. COVID-19 has impacted negatively on the South East Asia & Australia green building materials market. This is attributed due to • The novel coronavirus is an incomparable global pandemic that has spread to over 180 countries and caused huge losses of lives and the economy around the globe. • South East Asia and Australia green building materials market has been negatively impacted due to the wake of the COVID-19 pandemic, owing to its dependence on the building & construction sector. The increase in risk of infection among the workforce has resulted in delayed construction projects amid the COVID-19 scenario. For instance, according to an article published by CNA, the construction Industry Joint Committee (CIJC) has said that the shortage of manpower may lead to delay in construction projects attributed to workplace safety, and other factors. • Moreover, several green building materials manufacturers in South East Asia and Australia have either shut down or shrank their operations which in turn have resulted in supply chain disruptions. Also, different raw materials for producing green building materials are purchased or hired from other enterprises. The decreased purchasing potential of suppliers has also negatively impacted the market amid the COVID-19 scenario. • Furthermore, the COVID-19 pandemic has led to disruptions in transportation, contractual implications problems, labor shortage, and other factors that together have led the construction sector to witness a downfall. For instance, according to a report published by the Australian Performance of Construction Index (PCI) Survey, the construction activity has dropped by 16.3 points to 21.6 points from March 20201 to August 2020. • However, emerging geographic scenarios, enhanced domestic supply chain, and strong public investments are projected to drive the growth of South East Asia and Australia green building materials market. For instance, according to an interim report for the 2021 Australian infrastructure plan, the Australian Construction Industry Forum (ACIF) expects the construction industry to return to pre-COVID-19 levels by 2022-23, driven by strong public investments. This is predicted to boost the growth of the South East Asia and Australia Green Building Materials Market post-COVID-19 period

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