Green Building Materials Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Green Building Materials Market
The green building materials market size was valued at USD 422.27 billion in 2023, and the market is now projected to grow from USD 474.21 billion in 2024 to USD 1199.52 billion by 2032, exhibiting a CAGR of 12.3% during the forecast period of 2024-2032.
The COVID-19 pandemic considerably limited the transportation of individuals and materials, rigorously impacting the supply chains of construction producers. The worldwide construction segment challenged several significances, comprising scarcities of construction materials, logistical challenges, shortage of labors, and uncertainty that led to the interruption or elimination of construction activities. However, as the impact of the pandemic reduced and governments executed initiatives to even out economies, the construction industry improved within a few years.
The mounting demand for green buildings is projected to motivate the market growth during the prediction period. Green building includes designing structures and executing processes from site choice through construction, design, operation, maintenance, demolition, and conversion in a resource-efficient and ecologically responsible manner. As green buildings are constructed with ecological materials the demand for these ecological building materials is facing a significant rise.
The construction and building sectors use an ample quantity of raw materials yearly, signifying 40% of worldwide consumption. Employing ecological building materials and products supports in protecting scarce, non-renewable resources worldwide. The growing demand for materials in construction is projected to motivate the green building materials market growth.
Comprehensive Analysis of Green Building Materials Market
The market can be segmented in various ways depending on the focus of study such as by end users and by application. Based on the application, the market is segmented into roofing, flooring, insulation, and others. By end-user, the market is segmented into residential and non-residential.
North America region is dominating the green building materials market share due to growing demand for roofing, insulation, framing, and several other domestic, industrial, commercial, and infrastructure uses.
The key players are dynamically contributing in strategic events that are aimed at maintaining strong market position and growing market share by merger, partnerships and others. These players include BASF SE (Germany), PPG Industries, Inc. (U.S.), E. I. du Pont de Nemours and Company (U.S.), Sika AG (Switzerland), Forbo International SA (Switzerland), Owens Corning (U.S.), REDBUILT (U.S.), CERTAINTEED (U.S.), HOLCIM (Switzerland), Kingspan Group (Ireland) these market players spending severely on research and development in order to arise with more new technology so that they can maintain and improve their existing market.
In January 2022, Binderholz GmbH, a subordinate of the Austrian Binderholz Group, has acquired BSW Timber Ltd. with a yearly production of over 1.2 million cubic meters of sawn timber, this procurement positions Binderholz GmbH is the major sawmill and solid wood processor in Europe.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 12.3% from 2024 to 2032
Unit Value (USD Billion)
Segmentation
By Application
Roofing
Flooring
Insulation
Others
By End-use Industry
Residential
Non-residential
By Region
North America (By Application, By End-use Industry, By Country)
- U.S. (By End-use Industry)
- Canada (By End-use Industry)
Europe (By Application, By End-use Industry, By Country)
- Germany (By End-use Industry)
- U.K. (By End-use Industry)
- France (By End-use Industry)
- Italy (By End-use Industry)
- Rest of Europe (By End-use Industry)
Asia Pacific (By Application, By End-use Industry, By Country)
- China (By End-use Industry)
- Japan (By End-use Industry)
- India (By End-use Industry)
- ASEAN (By End-use Industry)
- Rest of East Asia (By End-use Industry)
Latin America (By Application, By End-use Industry, By Country)
- Brazil (By End-use Industry)
- Mexico (By End-use Industry)
- Rest of Latin America (By End-use Industry)
Middle East & Africa (By Application, By End-use Industry, By Country)
- South Africa (By End-use Industry)
- Saudi Arabia (By End-use Industry)
Rest of Middle East & Africa (By End-use Industry)
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