Green Building Market Expected to Reach USD 610.61 Billion by 2027 | Exclusive report by Emergen Research
Market Size – USD 264.64 billion in 2019, Market Growth – CAGR of 11.0%, Market Trends – Favorable Legislative Regulations.
— Emerging research
VANCOUVER, BC, CANADA, Aug. 18, 2022 /EINPresswire.com/ — The global green building market is expected to reach $610.61 billion by 2027, according to current analysis from Emergen Research. The green building market is witnessing a high demand due to the increase in demand for reducing energy consumption in buildings. The need to minimize greenhouse gas emissions and ensure buildings are environmentally sustainable will drive the market growth. It is estimated that the increase in infrastructure activities in the residential sector leads to increased usage and awareness due to rapid urbanization coupled with better living conditions. This will drive demand for years to come. The development of such products enables environmental conservation as well as smart social growth compared to traditional gravel ballast tops, resulting in the problem of urban heat and water shortages.
The latest report covering the impact analysis of the COVID-19 pandemic currently underway is the Global Green Construction Market study. The pandemic has impacted the market directly by disrupting global supply chains and indirectly by causing financial hardship. Due to the ongoing COVID-19 pandemic the Green Construction Market has been witnessing dynamic changes in trends and demands. The report provides an in-depth analysis of the impact of the pandemic on key segments of the green building industry. The report includes an in-depth analysis of the impact of the COVID-19 pandemic on the green building industry as a whole.
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Leading companies in the green building industry profiled in the report are:
Alumasc Group Plc, Binderholz GmBH, Bauder Ltd., Forbo International SA, Certain Teed Corporation, The Turner Corp., Clark Group, Gilbane Building Co., Hensel Phelps and The Whiting-Turner Contracting Co., among others.
Some highlights of the report
The green roof segment is expected to grow significantly over the forecast period owing to the growing global alert, which in turn is driving the demand for effective natural methods to remove rising ambient heat.
The residential segment is expected to register a notable CAGR during the forecast period. Rapid urbanization in emerging countries and the growing need for environmentally friendly buildings are driving segmental growth. Moreover, the advent of eco-friendly materials by several manufacturers will also propel the adoption of the product.
The green building market in the Asia-Pacific region is expected to grow at the fastest rate over the forecast period due to rapid urbanization and growing industrial sector in developing economies.
In July 2020, DuPont announced the development of the next generation of Styrofoam™ Brand Insulation for the reduction of greenhouse gas emissions to support the design of modern high performance buildings. Styrofoam™ brand insulation products will include low GWP options and meet sustainability target regulations in the United States and Canada.
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For the purposes of this report, Emergen Research has segmented the global green building market on product, application, and region:
Product Outlook (Revenue, USD Billion; 2017-2027)
Application Outlook (Revenue, USD Billion; 2017-2027)
Hospitality & Leisure
The report offers a comprehensive breakdown of the regional analysis of the market and subsequent analysis by country. The regional market analysis includes information on production volume, consumption volume and patterns, revenue and growth rate for the forecast period 2020-2027. According to the regional analysis, the market is primarily split across the key geographical regions as follows:
North America (USA, Canada)
Europe (UK, Italy, Germany, France, Rest of EU)
Asia-Pacific (India, Japan, China, South Korea, Australia, rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa, Rest of MEA)
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The report covers key points of the market including standards, regulations and policy changes applied by the government on the industry for the coming years. The report encompasses in-depth research conducted through the application of advanced analytical tools such as SWOT analysis and Porter’s Five Forces analysis to identify trends and growth patterns. Factors likely to influence market growth, current trends, opportunities, restraining factors, and the business landscape are thoroughly discussed in the market study.
Green Building Market Key Points:
Extensive coverage of green building market analysis
Key information on the regional breakdown of the industry in key geographies
Sweeping insights into vital market trends; current and emerging trends, and factors influencing market growth
Comprehensive coverage of the impact of the COVID-19 pandemic on the overall Green Building Market growth
Comprehensive data of major manufacturers and vendors of Green Building Market
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