Meticulous Research® has recently published an extensive research 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’. This report forecasts that the green building materials market will expand to $791.8 billion by 2031, with a CAGR of 9.9% from 2024 through 2031.
The growth trajectory of the green building materials market is driven by several key factors: the increasing demand for energy-efficient buildings, greater acceptance of green materials across diverse sectors, and strong government policies supporting sustainable construction. Conversely, higher initial costs compared to traditional building methods may impede growth.
Market participants are likely to encounter substantial opportunities owing to the rising importance of environmental sustainability. However, limited awareness regarding the benefits and accessibility of green materials could pose a challenge to market expansion.
The market is segmented into type (recycled materials, natural materials, other materials), product (exterior products, interior products, solar products, and other products), application (roofing, insulation, flooring, siding, framing, and other applications), and sector (residential, commercial, and other sectors). The study also covers competitive dynamics and regional and national market analyses.
The recycled materials segment is projected to lead with more than 54.0% of the market share in 2024. This is driven by increased use of recycled materials, growing demand for sustainable building solutions, and government incentives to reduce construction waste. This segment is also expected to exhibit the highest CAGR throughout the forecast period.
In the product category, exterior products are anticipated to dominate, holding over 43.0% of the market share in 2024. The growth in this segment is attributed to heightened demand for high-performance insulation and reflective roofing, increased consumer awareness of environmental issues, and the growing adoption of innovative exterior products. This segment is expected to grow due to increased demand for energy-efficient buildings and improved indoor air quality.
The roofing application is projected to account for the largest share of over 40.0% in 2024. The substantial market share is due to the rising adoption of advanced roofing solutions in residential applications, increasing demand for materials that improve indoor comfort, and the growing emphasis on energy-efficient roofing. This segment is also anticipated to register the highest CAGR during the forecast period.
By sector, the residential segment is expected to hold a significant share of over 42.0% in 2024. This is due to the rising demand for energy-efficient homes, a growing focus on environmental sustainability, and stricter building regulations. This segment is also expected to experience the highest growth rate during the forecast period.
Geographically, North America is anticipated to account for the largest share of over 35.0% in 2024. The market strength in this region is supported by major players such as PPG Industries, Inc., CertainTeed, LLC, Interface Inc., and DuPont de Nemours, Inc. Key factors driving North America's market include a focus on energy-efficient construction and significant investments in cleaner materials.
Meanwhile, the Asia-Pacific region is expected to experience the highest CAGR of 11.0% during the forecast period. This growth is attributed to a rising need for eco-friendly building materials, supportive government policies, and rapid economic development in countries like Japan, South Korea, and India.
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).
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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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