green building material industries are eco-friendly building materials that are used for constructing a building without having a negative impact on the environment. Market Research Future (MRFR) has published a research report on the global green building materials market that estimates progress for this market at 17% CAGR (Compound Annual Growth Rate) during the forecast period that would end in 2022. By value, the market has been figured to be worth the US $ 245 bn by the end of the forecast period.
Observing the market structure, this report measures the future growth potential of the market. It gauges the strategies of the key players in the market and aids the competitive developments like new product developments, joint ventures, mergers & acquisitions, research and developments (R&D) in the market.
The important factors driving the global green building materials market growth include increasing consumer awareness regarding energy efficiency, environment protection, and supportive policies by the government. Other factors contributing to the market growth include low operating cost, low maintenance cost, and low water requirements.
The global green building materials market can be segmented into application, end-use, and lastly, region. The application-based segmentation segments this market into commercial, healthcare, industrial, infrastructure, residential, and others. Based on end-use, the market has been segmented into exterior sliding, interior finishing, roofing, framing, insulation, and others.
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The regional segmentation of the global green building materials market segments the market into regional markets known as Europe, North America, Asia Pacific, and rest of the world (RoW). North America is the largest regional market due to the government & non-government regulations for energy efficiency practices, technological advancement, growing need of energy saving construction buildings, the presence of many key market players, and increasing consumer awareness regarding environmental & economic benefits. The significant economies in this region that can contribute maximum revenue to the market are the United States of America (USA) and Canada.
Asia Pacific region is the second largest as well as fastest growing regional market due to growing infrastructure, population growth, and demand for more buildings for residential as well as commercial purposes. The biggest economies that can be suitable markets in this region are China, India, and Japan.
In Europe, the market is growing primarily due to the same reasons as North America. In this region, the important economies that can be prominent country-specific markets are France, Germany, and the United Kingdom (UK). Some key market players are based in Europe too.
Key Players
The key players in the global green building materials market include Alumasc Group PLC (UK), Bauder Ltd. (UK), BASF SE (Germany), Binderholz GmbH (Germany), CertainTeed Corporation (USA), E. I. du Pont de Nemours & Company (USA), Forbo International SA (Switzerland), Homasote Company (USA), Kingspan Limited (UK), Lafarge Company (France), LG Hausys Ltd. (South Korea), Owens Corning (USA), PPG Industries Inc. (USA), RedBuilt LLC (USA), and Wienerberger AG (Austria).
