NEW
YORK, July 2, 2024 /PRNewswire/ -- The
global green building materials market size is estimated
to grow by USD 363 billion from
2024-2028, according to Technavio. The market is estimated to grow
at a CAGR of about 15.67% during the forecast
period. Rising need for energy-efficient green
buildings is driving market growth, with a trend
towards advancements in insulation materials.
However, high initial cost of green buildings poses a
challenge. Key market players include American Hydrotech Inc.,
ANDERSEN Corp., BASF SE, Bauder Ltd., Binderholz GmbH, Compagnie de
Saint Gobain, DuPont de Nemours Inc., Foam Holdings Inc., Forbo
Management SA, Holcim Ltd., Interface Inc., Kingspan Group Plc,
Koch Industries Inc., LX Hausys Ltd, Owens Corning, PPG Industries
Inc., REDBUILT, Sika AG, Standard Industries Inc., and The Alumasc
Group plc.
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report
Forecast
period
|
2024-2028
|
Base Year
|
2023
|
Historic
Data
|
2018 - 2022
|
Segment
Covered
|
Application
(Insulation, Roofing, Interior finishing, Framing, and Exterior
siding and others), End-user (Residential and Non-residential), and
Geography (Europe, North America, APAC, Middle East and Africa, and
South America)
|
Region
Covered
|
Europe, North America,
APAC, Middle East and Africa, and South America
|
Key companies
profiled
|
American Hydrotech
Inc., ANDERSEN Corp., BASF SE, Bauder Ltd., Binderholz GmbH,
Compagnie de Saint Gobain, DuPont de Nemours Inc., Foam Holdings
Inc., Forbo Management SA, Holcim Ltd., Interface Inc., Kingspan
Group Plc, Koch Industries Inc., LX Hausys Ltd, Owens Corning, PPG
Industries Inc., REDBUILT, Sika AG, Standard Industries Inc., and
The Alumasc Group plc
|
Key Market Trends Fueling Growth
Green building materials market experiences growth due to
advancements in insulation. Styrofoam board and spray foam,
including XPS foam with low-emission blowing agents, are popular.
Concerns over high greenhouse gas (GHG) contributions from
expanding gases lead manufacturers to switch to lower impact agents
like hydro-fluoro olefins (HFO). XPS foam panels, which pollute
1,400 times less than regular ones, offer sustainability. These
advancements positively impact the market.
The green building materials market is experiencing significant
growth due to increasing awareness and demand for sustainable
construction. Materials like insulation, concrete, and roofing are
key areas of focus. For instance, insulation made from recycled
materials and low embodied energy concrete are gaining popularity.
Additionally, the use of fabricated roofing systems made from
recycled materials is trending. Furthermore, the adoption of
building information modeling (BIM) technology is facilitating the
design and construction of energy-efficient buildings. The use of
renewable energy sources and the implementation of green
certifications are also driving market growth. Overall, the green
building materials market is expected to continue its upward
trajectory in the coming years.
Research report provides comprehensive data on impact of trend.
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Market Challenges
- Green building materials market faces challenges due to the
high initial investment required. Advanced, energy-efficient
materials and technologies increase costs for SMEs and larger
firms. Architectural and engineering design time, modeling costs,
and sustainable practices integration add to expenses. These
factors may deter demand for green buildings, potentially impacting
the market for green building materials negatively during the
forecast period.
- The green building materials market faces several challenges in
the implementation of sustainable construction projects. These
include the high cost of eco-friendly materials compared to
conventional ones. Consumer education and awareness about the
long-term benefits of using green materials is also a significant
challenge. The availability and accessibility of these materials in
various regions is another issue. Additionally, the lack of
standardization and certification processes can hinder the growth
of the market. The use of renewable and recycled materials,
energy-efficient insulation, and the adoption of green building
codes are some ways to address these challenges. Producers and
consumers must work together to promote the use of green building
materials and create a more sustainable construction industry.
For more insights on driver and
challenges - Download a Sample Report
Segment Overview
This green building materials market report extensively covers
market segmentation by
- Application
- 1.1 Insulation
- 1.2 Roofing
- 1.3 Interior finishing
- 1.4 Framing
- 1.5 Exterior siding and others
- End-user
- 2.1 Residential
- 2.2 Non-residential
- Geography
- 3.1 Europe
- 3.2 North America
- 3.3 APAC
- 3.4 Middle East and
Africa
- 3.5 South America
1.1 Insulation- Green building insulation
materials, such as cellulose, spray foam, rock wool, and
fiberglass, offer significant benefits for homeowners. These
materials reduce energy consumption, increase comfort, lessen
noise, and prevent condensation. Properly installed green
insulation contributes to financial and comfort improvements, as
well as meeting the requirements of green building rating systems
like Northwest ENERGY STAR Homes and Built Green and LEED for
Homes. The use of these eco-friendly insulation materials drives
growth in the global green building materials market.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data (2018 -
2022) - Download a Sample Report
Learn and explore more about Technavio's in-depth research
reports
Global Shipbuilding Market: The global shipbuilding market
continues to expand, driven by increasing demand for commercial
vessels and naval fleets worldwide. Key trends include
technological advancements in ship design and sustainability
efforts, influencing market dynamics and competition among industry
players.
Global Concrete Admixtures Market: The global concrete
admixtures market is experiencing robust growth, supported by
infrastructure development and urbanization trends. Innovations in
admixture formulations for enhancing concrete properties, such as
strength and durability, are shaping market growth. Key players are
focusing on sustainability and efficiency, responding to evolving
construction demands globally.
Research Analysis
The Green Building Materials Market encompasses a wide range of
eco-friendly materials used in the construction industry for
designing structures that minimize environmental impacts. These
materials include Wool, Recycled materials, Terrazzo, Recycled
concrete, Stucco, Stone, Rubberbased materials, and Ashcrete. The
extraction and fabrication of these materials are carried out in a
resource-efficient and ecologically responsible manner. The use of
green roofing materials contributes significantly to urban
settlements, promoting sustainable development in the residential
and commercial sectors. Energy-saving measures, such as insulation
segments made from green-certified building materials, are
essential in energy-efficient construction projects. The
manufacturing process of these materials adheres to strict
environmental standards, ensuring minimal disposal and maximum
recycling. Construction manufacturers continue to innovate,
introducing new green products to meet the growing demand for
sustainable buildings.
Market Research Overview
The Green Building Materials Market encompasses a wide range of
sustainable materials used in the construction industry. These
materials include concrete, wood, steel, and various other
innovative solutions. The use of green building materials is on the
rise due to increasing environmental concerns and government
regulations. Factors such as energy efficiency, recycled content,
and reduced carbon footprint are driving the demand for these
materials. The market is also witnessing significant growth due to
advancements in technology, which are enabling the production of
more sustainable and cost-effective materials. Additionally, the
growing trend towards sustainable and eco-friendly construction
practices is further fueling market growth. Overall, the Green
Building Materials Market is expected to continue expanding in the
coming years as more and more projects adopt sustainable building
practices.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Application
-
- Insulation
- Roofing
- Interior Finishing
- Framing
- Exterior Siding And Others
- End-user
-
- Residential
- Non-residential
- Geography
-
- Europe
- North America
- APAC
- Middle East And Africa
- South America
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
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and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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