Green Building Materials Market Trends, Growth - Forecast

 

Green Building Materials Market

The Green Building Materials Market is expected to grow at a significant CAGR during the forecast period (2020-2027).

The factors driving the growth of Green Building Materials Market includes increasing number of construction projects around the world, its ability to reduce carbon emissions, rising consciousness about the impact of building materials on environment. As per the report published by Bloomberg, The Heavy and Civil Engineering Construction Market is expected to reach nearly $3 trillion by 2026 in China, which will increase the Global Green Building Materials Market in the coming years. Moreover, its energy efficient and environmentally friendly properties along with rising emphasis by key players on developing environment sustainable building materials, are some of the factors supporting the growth of Green Building Materials Market. In addition, the rising urbanization, increasing preference for green building materials over traditional materials and Government initiatives for construction of green buildings are some of the additional factors propelling the Green Building Materials Market size.

The prominent players operating in the market includes Redbuilt, PPG Industries, DuPont, Alumasc Group plc, Bauder Ltd., Binderholz GmbH, Forbo International SA, Interface Inc., Kingspan Group and CertainTeed among others.

Product – Segment Analysis

Based on product, the Structural segment is expected to lead the market during the forecast period due to increasing construction activities in residential and commercial areas along with growing emphasis on reducing the carbon emissions around the world.

Application – Segment Analysis

Based on Application, the Insulation segment is projected to expand at a significant CAGR during the forecast period due to green building materials ability to prevent electricity and heat from passing through the walls.

The roofing segment is anticipated to grow at a remarkable CAGR during the forecast period due to rising demand for innocuous recycled rubber.

Regional – Segment Analysis

According to Green Building Materials Market Report, North American region is expected to capture the highest market share during the forecast period due to increasing renovation activities, Governments initiatives to provide subsidies for the construction of green houses and high disposable income.

On the other hand, Asia Pacific region is projected to grow at a faster rate over the forecast period due to, increasing urbanization and on-going expansion of residential areas and growing working-class population.

 

Market Segmentation

Global Green Building Materials Market by Product

  • Structural
  • Exterior
  • Interior
  • Others

Global Green Building Materials Market by Application

  • Framing
  • Insulation
  • Roofing
  • Exterior Siding
  • Interior Finishing
  • Others

Global Green Building Materials Market by Region

  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • North America
    • United States of America
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

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