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.
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.
Table of Contents
1. Green Building Materials Market Executive Summary2. Table of Contents3. List of Figures4. List of Tables5. Report Structure18. Global Green Building Materials Market Competitive Landscape
6. Introduction and Market Characteristics
7. Major Market Trends
8. Global Market Size And Growth
9. Global Green Building Materials Market Segmentation
10. Green Building Materials Market, Regional And Country Analysis
11. Asia-Pacific Market
12. Western Europe Market
13. Eastern Europe Market
14. North America Market
15. South America Market
16. Middle East Market
17. Africa Market
19. Company Profiles
20. Key Mergers And Acquisitions In The Green Buildings Materials Market
21. Green Building Materials Market Opportunities And Strategies
22. Green Building Materials Market, Conclusions And Recommendations
23. Appendix
Executive Summary
Green Building Materials Global Market Opportunities And Strategies To 2031 from the publisher provides the strategists; marketers and senior management with the critical information they need to assess the global green building materials market as it emerges from the COVID-19 shut down.Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 12 geographies
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates
- Create regional and country strategies on the basis of local data and analysis
- Identify growth segments for investment
- Outperform competitors using forecast data and the drivers and trends shaping the market
- Understand customers based on the latest market research findings
- Benchmark performance against key competitors
- Utilize the relationships between key data sets for superior strategizing
- Suitable for supporting your internal and external presentations with reliable high-quality data and analysis
The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider green building materials market; and compares it with other markets.
The report covers the following chapters:
- Introduction and Market Characteristics: Brief introduction to the segmentations covered in the market, defintions and explanations about the green building materials market
- Key Trends: Highlights the major trends shaping the global green building materials market. This section also highlights likely future developments in the market
- Global Market Size and Growth: Global historic (2016-2021) and forecast (2021-2026), and (2026-2031) market values, and drivers and restraints that support and control the growth of the market in the historic and forecast periods
- Regional Analysis: Historic (2016-2021) and forecast (2021-2026), and (2026-2031) market values and growth and market share comparison by region
- Market Segmentation: Contains the market values (2016-2031) and analysis for for segment by by type, by application and by end use in the market
- Regional Market Size and Growth: Regional market size (2021), historic (2016-2021) and forecast (2021-2026), and (2026-2031) market values, and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region
- Competitive Landscape: Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players
- Key Mergers and Acquisitions: Information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions, which have shaped the market in recent years
- Market Opportunities And Strategies: Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets
- Conclusions And Recommendations: Includes recommendations for green building materials providers in terms of product/service offerings, geographic expansion, marketing strategies and target groups
- Appendix: This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report
Scope
Markets Covered
- 1) By Type: Structural; Exterior; Interior; Other Types
- 2) By Application: Framing; Insulation; Roofing; Exterior Siding; Interior Finishing; Other Application
- 3) By End-Use: Residential Buildings; Non-Residential Buildings
Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Brazil; France; Germany; UK; Russia
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; green building materials indicators comparison.
Data segmentations: country and regional historic and forecast data; market share of competitors; market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Owens Corning
- BASF SE
- Kingspan Group Plc
- E. I. du Pont de Nemours And Company Co. Ltd.
- Interface Inc.
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 266 |
Published | November 2022 |
Forecast Period | 2021 - 2031 |
Estimated Market Value ( USD | $ 247884.5 Million |
Forecasted Market Value ( USD | $ 552751.1 Million |
Compound Annual Growth Rate | 8.3% |
Regions Covered | Global |