Global Green Building Materials Market Research Report
New York, May 16, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the publication of the “Global Green Building Materials Market research report” – https://www.reportlinker.com/p06276450/?utm_source=GNW
Green building construction includes materials such as straw bales, dirt, Cretan grass, bamboo, wood and recycled plastic. Green building materials are made from renewable sources and recycled materials. Using green building materials offers various benefits, including easy maintenance, reduced waste, temperature regulation, high return on investment, and better air quality.
The global green building materials market is expected to project a notable CAGR of 10.16% in 2030.
The global green building materials market will exceed USD 711.06 billion by 2030, from USD 270.26 billion in 2020 at a CAGR of 10.16% in the coming years i.e. 2021- 30. The market is estimated to grow due to increasing restriction activities, rising government regulations, and initiatives to implement environmentally sustainable and energy-efficient building standards. Green building materials help reduce global warming as they provide a lower carbon footprint. Additionally, growing consumer awareness about health and energy efficiency is driving the growth of the market. The demand for green building materials is also increasing due to various monetary and environmental benefits. It improves indoor air quality by eliminating the use of toxic lead-containing paints.
Recent highlights in the global green building materials market
In August 2019, Owens Corning announced that it was investing $445 million in a green bond, a substantial project.
In August 2019, CertainTeed launched CertaSeal INT, a new water-based liquid acrylic air sealant solution that provides code-compliant air sealing for homes. No air supply is required as there are no VOCs or off-gassing during installation.
Global Green Building Materials Market: Segments
Insulation Segment Expected to Grow with Highest CAGR During 2021-30
The global green building materials market is segmented by application into insulation, roofing, framing, interior finishing, exterior cladding and others. The insulation segment held the largest market share in 2020 due to its ability to save energy. Insulation reduces energy consumption, reduces noise, increases comfort and avoids condensation problems in buildings. Properly fitted green insulation offers several benefits, including financial and homeowner comfort improvements.
Residential Segment Expected to Grow with Highest CAGR During 2021-30
The global green building materials market is divided by end user into commercial, residential, and institutional. The residential segment held the largest market share in 2020 and will continue to dominate the market in the coming years. With the growing health concerns among the population regarding energy efficiency and increasing disposable income, the construction of green buildings in the residential sector is increasing. Also, due to the growing number of building regulations and policies mandating energy-efficient, sustainable structures, the construction of green buildings is on the rise.
More and more government regulations for energy saving and environmental emissions
Increasing government policies and investments and pressure from environmental regulations regarding emissions are the major factors fueling the growth of the market. To promote the construction of green buildings, the government of various countries, especially the developed ones, has launched programs and incentives that drive the growth of the market. In addition, high-performance green construction, such as the US Recovery and Reinvestment Act, is also facilitated by governments of different developed countries. The advent of new technologies and the increase in research and development activities to analyze efficient building methods and construction procedures are expected to further boost the demand for green building materials.
Educate consumers about energy efficiency
It is estimated that increasing health concerns and responsibility towards environmental safety and increasing demand for efficient use of energy will increase the demand for green building materials in the coming years. In recent years, a significant increase has been observed in stress levels and associated health problems among the population. Living and working environments have a significant effect on an individual’s well-being, contributing to an increased consumer trend towards aesthetically pleasing green buildings that look desirable and help alleviate physical and mental ailments at the same time. In addition, constructing green buildings offers various financial and economic benefits, including low construction costs, savings on utility bills for households or occupants, and high property value.
Shortage of raw materials
Lack of raw materials, high initial cost requirement and lengthy construction process are likely to limit the market growth. Materials used in green building construction such as Cretan grass, hempcrete, bamboo, rammed earth and wood are generally not available. The method of using these materials in construction involves exorbitant investments and requires a trained professional, which makes the process of building green projects capital intensive.
Global Green Building Materials Market: Key Players
Company overview, business strategy, key product offerings, financial performance, key performance indicators, risk analysis, recent development, regional presence, SWOT analysis
EI du Pont de Nemours and Company
Forbo International SA
Kingspan Group plc
Other top players
Global Green Building Materials Market: Regions
The global green building materials market is segmented on the basis of regional analysis into five major regions. These include North America, Latin America, Europe, Asia-Pacific, Middle East and Africa. The global green building materials market in North America held the largest market share in 2020. North America will continue to dominate the global green building materials market due to favorable government policies regarding the use of materials of green construction in construction activities as well as renovation activities. . The construction industry in the area is booming due to population growth and increased demand for homes. Mexico is experiencing a high demand for housing, for which the region is attracting notable investment in construction. Hence, all these favorable trends in the regional construction industry are expected to boost the demand for green building materials.
The global green building materials market is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, YOY Growth, CAGR – US & Canada
Latin America Market size, share, trends, opportunities, annual growth, CAGR – Mexico, Argentina, Brazil and rest of Latin America
European Market Size, Share, Trends, Opportunities, YOY Growth, CAGR – UK, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
Market Size, Share, Trends, Opportunities, YoY Growth, CAGR of Asia-Pacific Market – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
Middle East & Africa Market Size, Share, Trends, Opportunities, YoY Growth, CAGR – North Africa, Israel, GCC, South Africa & Rest of MENA
The Global Green Building Materials Market report also contains analysis on:
Green Building Materials Market Segments:
Per end user
Green Building Materials Market dynamics
Green building materials market size
Offer and demand
Competition and companies involved in the market
Market value chain
Market drivers and restraints
Read the full report: https://www.reportlinker.com/p06276450/?utm_source=GNW
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