$ 653.41 Billion Green Building Materials Market Size, Globally, by 2028 at 10.5% CAGR: Verified Market Research®

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The market is expanding due to the growing demand for energy efficient buildings, the increased demand for isolation, and favorable government policies for green buildings.

JERSEY CITY, NJ, November 3, 2021 / PRNewswire / – Verified Market Research recently published a report, “Green Building Materials Market“By Product (Exterior, Interior, Structural), By Application (Exterior Cladding, Framing, Insulation), and Geography. According to Verified Market Research, the Global Green Building Materials Market size was estimated to be $ 256.51 billion in 2020 and should reach $ 653.41 billion by 2028, with a CAGR of 10.5% from 2021 to 2028.

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Browse the table of contents in depth toGreen Building Materials Market

202 – Slips
126 – Tables
37 – Figures

Global Green Building Materials Market Overview

The building and construction industry is responsible for more than two-thirds of total greenhouse gas emissions in the world. As a result, there is a huge opportunity to reduce greenhouse gas emissions by improving the energy efficiency of buildings and communities. Greenhouse gas emissions can be reduced by constructing new, low-energy green buildings and upgrading existing facilities. Green building construction in the residential market is increasing due to an improvement in the number of building regulations and policies requiring energy efficient systems.

This has resulted in the growth of a market for environmentally friendly and energy efficient materials used in residential construction. With increasing public awareness and income levels, the use of green building materials, including the growing trend of energy efficient structures in high-rise residential buildings and townships, is expected to drive the demand for green building materials in coming years.

However, in the green building construction market, there is a wide range of cost issues and market barriers, including the restriction of “shared opportunities” which means homeowners do not own effectively their properties because residents instead benefit from these investment opportunities. as stakeholders. Renting or leasing is used by 40% of commercial buildings and 32% of households.

Key developments

  • In April 2021, Kingspan launches first Planet Passionate Sustainability report and targets net zero carbon manufacturing by 2030.

  • In September 2021, BASF and the leading multinational manufacturer of automotive safety glass Fuyao Glass Industry Group Co., Ltd. (Fuyao Group) signed a strategic cooperation agreement to include the co-creation of a new business development for the automotive industry in the current scope of the partnership.

  • In July 2021, BASF and Porsche join forces to develop high-performance lithium-ion batteries for electric vehicles

Key players

The main players in the market are Kingspan Group plc, Amvik Systems, BASF SE, Alumasc Group Plc, Bauder Limited, Binderholz GmbH, EI du Pont de Nemours and Company, Forbo International SA, Interface Inc. and Owens Corning.

Verified market research segmented the global green building materials market on the basis of product, application, and geography.

  • Green Building Materials Market, By Product

  • Green Building Materials Market, By Application

  • Green Building Materials Market By Geography

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