Asia-Pacific Green Building Materials Market Outlook, 2029

The Asia-Pacific region is at the forefront of sustainable development, with the green building material market experiencing significant growth and innovation. With rapid urbanisation, population growth, and increasing environmental awareness, there's a pressing need for eco-friendly construction solutions. The Asia Pacific green building material market encompasses a wide range of products, including recycled materials, energy-efficient systems, and sustainable building technologies. Countries like China, India, and Japan are leading the charge in adopting green building practices, driven by government initiatives, stringent environmental regulations, and growing public demand for healthier and more energy-efficient buildings.

From green roofs and solar panels to low-emission materials and water-saving technologies, the Asia-Pacific region is witnessing a transformative shift towards sustainable construction practices. This market presents immense opportunities for manufacturers, developers, and investors alike, aiming to create more resilient, resource-efficient, and environmentally responsible built environments across the region. Due to the diverse climatic conditions and construction practices across the region, the Asia Pacific green building material market offers a wide variety of products tailored to specific regional needs, from tropical climates to cold climates. Furthermore, increasing awareness among consumers about the environmental and health benefits of green buildings is driving demand for green building materials in the Asia-Pacific region, leading to a shift towards sustainable construction practices. Collaborations between governments, private sector companies, and international organisations are fostering innovation and driving the adoption of green building materials in the Asia-Pacific region, creating a vibrant ecosystem for sustainable construction.

According to the research report "Asia Pacific Green Building Material Market Outlook, 2029,", the Asia Pacific Green Building Material Market was valued at more than USD 75 Billion in 2023. The need for environmentally friendly building materials and techniques is rising as people become more conscious of environmental problems, including resource depletion and climate change. The Asia-Pacific region's use of green building materials is being propelled by legislation, incentives, and other supportive government policies that promote green construction practices.

Rapid urbanisation and population growth in many Asia-Pacific countries are driving demand for new construction projects, creating opportunities for the use of green building materials to address sustainability concerns. Rising energy costs and the need to reduce carbon emissions are driving demand for energy-efficient building materials and technologies, such as insulation, solar panels, and energy-efficient windows, in the Asia-Pacific region. Furthermore, increasing awareness of the importance of indoor air quality and occupant health is driving demand for green building materials that contribute to healthier indoor environments, such as low-emission paints, non-toxic flooring materials, and natural ventilation systems. Ongoing innovation and advancements in green building materials, including the development of new sustainable materials and technologies, are driving demand for these products in the Asia-Pacific market.

Market Drivers

• Urbanisation and Population Growth: The market for green building materials is being driven in large part by the Asia-Pacific region's fast urbanisation and population increase. New construction, infrastructure, and housing are in more demand as more people move into cities. With construction activity on the rise, there is a chance to address environmental issues, improve energy efficiency, and advance sustainable development in urban areas by using sustainable building methods and materials, including green building materials.
• Health and Well-Being: The increasing focus on health and well-being is driving the demand for green building materials in the Asia-Pacific region. People are becoming more aware of the importance of indoor air quality, natural light, and overall comfort in buildings. Green building materials contribute to healthier indoor environments by minimising harmful emissions, reducing pollutants, and promoting better ventilation. These materials also support occupant well-being by creating spaces that are comfortable, inviting, and conducive to productivity and overall health. Consequently, the emphasis on health and well-being is driving the adoption of green building materials as a means to create sustainable and livable spaces in the Asia-Pacific region.

Market Challenges

• Availability and Supply Chain Issues: One of the challenges facing the Asia-Pacific green building material market is the limited availability of these materials and the associated supply chain issues. Green building materials often require specialised manufacturing processes, raw materials, and distribution networks, which may not be well established in all regions of the Asia Pacific. As a result, sourcing these materials can be difficult, leading to longer lead times, higher costs, and limited access for construction projects. Additionally, challenges in the supply chain, such as transportation logistics, storage facilities, and distribution channels, can further impede the availability and accessibility of green building materials, hindering their widespread adoption.
• Skills and Capacity Building: Another challenge is the lack of skills and capacity building among construction professionals in the Asia-Pacific region. Designing, implementing, and maintaining green building projects requires specialised knowledge and expertise in sustainable construction practices and materials. However, there is often a shortage of trained professionals, including architects, engineers, contractors, and tradespeople, with the necessary skills and experience in green building practices. This shortage can limit the adoption of green building materials and technologies and hinder the successful implementation of sustainable construction projects. Addressing this challenge requires investments in education and training programmes to build the capacity of the workforce and promote the adoption of green building practices across the Asia-Pacific region.

Based on type, the market can be categorised by structural, exterior, interior, or others. Furthermore, based on end users, the market can be categorised as residential or non-residential.

Structural is leading the market in Asia-Pacific; the exceptional energy efficiency of structural materials is well recognised. Examples of these materials include engineered wood products, structural insulated panels (SIPs), and insulated concrete forms (ICFs). In the Asia-Pacific area, there is an increasing emphasis on designing energy-efficient structures due to growing worries about energy use and climate change. Because of their superior thermal performance, these structural materials require less heating and cooling, which lowers energy use and operating expenses. Non-residential is significantly contributing to the market.

Rapid urbanisation and economic expansion in the Asia-Pacific area have resulted in the construction of a large number of institutional and commercial structures, including offices, retail stores, hotels, hospitals, educational institutions, and government buildings. These non-residential structures account for a sizeable share of the regional construction industry, and they frequently use more energy and have a greater environmental effect than residential structures. In order to increase environmental performance, lower operating costs, and improve energy efficiency, there is a rising emphasis in this industry on using green construction methods. Governments across the Asia-Pacific region are implementing policies, regulations, and incentives to promote sustainable construction practices and green building certification programs. These initiatives often target the non-residential sector due to its significant energy consumption and environmental impact. Building codes, energy efficiency standards, green procurement policies, and financial incentives encourage developers, building owners, and tenants to invest in green building technologies, materials, and practices for non-residential projects.

Based on application, the market can be categorised by roofing, insulation, framing, flooring, interior, and other applications.

In the region where roofing contributes the highest market share, the climates of the Asia-Pacific area are varied, encompassing temperate, tropical, and subtropical regions. Roofing materials are vital to the design of sustainable buildings because they provide solar heat management, weather protection, and thermal insulation. Cool roofs, reflecting coatings, and vegetative roofing systems are examples of green roofing materials that are becoming more and more popular due to their capacity to minimise heat gain, lower cooling energy costs, and enhance indoor comfort - especially in hot and humid areas. Green roofing materials are valued for their environmental sustainability and reduced environmental impact.

Many roofing materials, such as metal roofs, clay tiles, and recycled content roofing products, are manufactured using recycled materials, reducing resource depletion and landfill waste. Additionally, green roofs and vegetative roofing systems offer ecological benefits, including stormwater management, biodiversity enhancement, and urban heat island mitigation, aligning with the Asia-Pacific region's focus on environmental conservation and sustainable development. Governments and regulatory authorities in the Asia-Pacific region are implementing policies, regulations, and incentives to promote the adoption of green building materials, including roofing materials. Financial incentives, tax rebates, and green building certification programmes encourage developers, architects, and building owners to choose environmentally friendly roofing solutions. Regulatory requirements for energy efficiency, environmental performance, and resilience also drive the demand for green roofing materials in the Asia-Pacific market.

Based on the report, the major countries covered in the reports include China, Japan, India, Australia, South Korea, and the rest of Asia and the Pacific.

In order to support sustainable growth and address environmental issues, the Chinese government has put in place a number of bold programmes and regulations. The nation has established goals for creating green buildings, reducing carbon emissions, and improving energy efficiency. The use of green building materials and techniques is supported nationally by policies like the Green Building Evaluation Standards, Energy Conservation Building Design Standard, and Leadership in Energy and Environmental Design (LEED) certification. China's rapid urbanisation and ongoing construction boom have created significant demand for building materials, including green building materials.

As the world's most populous country with a burgeoning urban population, there is immense pressure to address issues related to resource consumption, pollution, and energy efficiency in the built environment. Green building materials offer solutions to mitigate environmental impacts while meeting the demand for sustainable construction. China's emphasis on infrastructure development, urban renewal, and sustainable urbanisation drives the demand for green building materials. The government's investments in eco-friendly infrastructure projects, such as green buildings, eco-cities, and low-carbon communities, stimulate the market for sustainable construction materials. Projects like the "Sponge City" initiative, aimed at improving urban water management and resilience to climate change, require the use of innovative green building materials and technologies.

The market for green building materials will expand even more as a result of major market players spending heavily in R&D to expand their product lines. In addition, market participants are launching new products, entering into contracts, acquiring companies, increasing investments, and working with other organizations, among many other significant market changes, in an effort to expand their global footprint. In order to expand and survive in a market that is becoming increasingly competitive and growing, competitors in the green building materials industry must offer products at an affordable price.

For instance, in October 2022, A significant provider of building solutions and material circularity in the UK, Wiltshire Heavy Building Materials was acquired by Holcim. The green building materials market in the United Kingdom will benefit from Holcim's increased market position thanks to this acquisition. in August 2022, A manufacturer and distributor of external building materials in Canada and the US, Kaycan, was purchased by Saint-Gobain. With this acquisition, Saint-Gobain increased its market dominance in light and sustainable building, taking over as the dominant siding provider in Canada and broadening its vinyl product line across the United States with complementing solutions in aluminum and engineered wood.

Considered in this report

• Historic year: 2018
• Base year: 2023
• Estimated year: 2024
• Forecast year: 2029

Aspects covered in this report

• Green Building Materials market Outlook with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Type

• Structural
• Exterior
• Interior
• Others

By End Users

• Residential
• Non-Residential

By Applications

• Roofing
• Insulation
• Framing
• Flooring
• Interior
• Other Applications

The approach of the report:

This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases.

After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources.

Intended audience

This report can be useful to industry consultants, manufacturers, suppliers, associations, and organizations related to the Green Building Material industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.