Green Building Materials Global Market Opportunities And Strategies To 2031

The global green building materials market reached a value of nearly $247,884.5 million in 2021, having increased at a compound annual growth rate (CAGR) of 4.9% since 2016. The market is expected to grow from $247,884.5 million in 2021 to $388,255.8 million in 2026 at a rate of 9.4%. The market is then expected to grow at a CAGR of 7.3% from 2026 and reach $552,751.1 million in 2031.

Growth in the historic period resulted from strong economic growth in emerging markets, increased construction activities in developing regions, favorable government policies for green buildings, increase in population growth, increasing industrialization, low interest rate environment and technology development. Factors that negatively affected growth in the historic period were rising material costs and COVID-19 pandemic.

Going forward, increased need for sustainable and eco-friendly solutions, rising demand for energy-efficient buildings and increasing applications of green building materials in residential and non-residential sectors will drive market growth. Factors that could hinder the growth of the green building materials market in the future include lack of awareness about the benefits of eco-friendly materials in the construction sector, decreasing affordability, rising interest rates and recession fears.

The green building materials market is segmented by type into structural, exterior, interior and other types. The structural was the largest segment of the green building materials market by type, accounting for $ 116,628.4 million or 5.0% of the total market in 2021. The structural market is expected to be the fastest-growing segment going forward at a CAGR of 9.7%.

The green building materials market is segmented by application into framing, insulation, roofing, exterior siding, interior finishing, other application. The insulation was the largest segment of the green building materials market by application, accounting for $73,370.4 million or 29.6% of the total market in 2021. The insulation market is expected to be the fastest-growing segment going forward at a CAGR of 10.0%.

The green building materials market is segmented by end use into residential buildings and non-residential buildings. The residential buildings market was the largest segment of the green building materials market by end use, accounting for $138,992.5 million or 56.1% of the total market in 2021. The residential buildings market is expected to be the fastest-growing segment going forward at a CAGR of 9.7%.

North America was the largest region in the green building materials market, accounting for 34.5% of the global market in 2021. It was followed by Asia Pacific, Western Europe and the other regions. Going forward, the fastest growing regions in the green building materials market will be Asia Pacific and Western Europe, where growth will be at CAGRs of 11.1% and 9.8% respectively from 2021-2026.

The green building materials market is highly fragmented with a few large players in the market. The top ten competitors in the market made up to 7.33% of the total market in 2021. This can be due to the existence of number of local players in the market serving customers in particular geographies. Owens Corning was the largest competitor with 0.29% share of the market, followed by BASF SE with 0.21%, Kingspan Group Plc with 0.17%, E. I. du Pont de Nemours And Company Co. Ltd. with 0.09%, Interface Inc. with 0.07%, Saint-Gobain (CertainTeed Corporation) with 0.05%, Forbo International SA with 0.04%, Amvik Systems with 0.01%, Alumasc Group Plc with 0.01%, and Bauder Limited with 0.004%.

The top opportunities in the green building materials market by type will arise in the structural market, which will gain $68,918.0 million of global annual sales by 2026. The top opportunities in the green building materials market by application will arise in the insulation market, which will gain $44,664.4 million of global annual sales by 2026. The top opportunities in the green building materials market by end use will arise in the residential buildings market, which will gain $81,527.1 million of global annual sales by 2026. The green building materials market size will gain the most in the USA at $35,013.0 million.

Market-trend-based strategies for the green building materials market include focus on environment-friendly building materials, focus on mass timber technology, focus on adopting mineral wool insulation technique, focus on green cement, focus on eco-friendly paints, focus on new products launches and focus on partnerships and collaborations.

Player-adopted strategies in the green building materials market include strategic acquisitions, expanding product portfolio through partnerships and collaborations and launch of new products.

To take advantage of the opportunities, the publisher recommends the green building materials companies to increase focus on environment-friendly products, focus on mass timber technology, expand in emerging markets, offer competitive pricing, continue to use B2B promotions, continue to participate in events and conferences and focus on fast-growing applications.

This report describes and explains the green building materials market and covers 2016-2021, termed the historic period, and 2021-2026 termed the forecast period, along with further forecasts for the period 2026-2031. The report evaluates the market across each region and for the major economies within each region.