The green building materials market is expected to grow exponentially by 2028 on account of escalating demand for energy-efficient buildings across key regions.
Green building materials offer several advantages to their occupants. These materials offer greater energy conservation, better occupant health & productivity, reduced maintenance, greater design flexibility, and lower associated costs. Rapidly increasing construction activities worldwide have augmented industry uptake in recent years.
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Notably, to capitalize on emerging trends in the market, industry participants have been employing gainful strategies, thereby strengthening the overall business landscape. For instance, in February 2022, Kingspan Group plc, a leading building materials company, announced the acquisition of Troldtekt A/S, a prominent manufacturer of environmentally friendly wood-based acoustic boards. The deal enabled Kingspan to expand its natural materials portfolio and meet its sustainability targets.
The green building materials market has been segregated on the basis of type, end-user, application, and region. In terms of type, the market has further been divided into exterior, structural, interior, and others. The structural sub-segment is slated to expand at a CAGR of approximately 12% over the analysis timeline to reach a substantial valuation by the end of 2028. Surging application of green materials in structural construction, such as FSC certified lumber & wood panels and recycled concrete, among others, is likely to bolster market expansion in the coming time period.
From the application perspective, the green building materials market has been bifurcated into exterior & interior finish, framing, roofing, insulation, and others. The exterior & interior finish sub-segment is projected to be worth more than USD 95 billion by the end of 2028. Several government regulations are assisting the housing sector in becoming more environmentally friendly, in turn lowering carbon emissions by replacing traditional exterior and interior treatments with more environmentally friendly alternatives, which is likely to drive segmental development.
With respect to end-user, the green building materials market has been categorized into institution, residential, commercial offices & buildings, and others. The residential sub-segment is poised to dominate the overall market by registering a significant volumetric share of about 52% by 2028. Prominent residential construction activities across the world are set to fuel segmental adoption over the forthcoming years.
On the regional front, the Latin America green building materials market is estimated to expand at around 11% CAGR through the study timeframe owing to rapid urbanization in the region. In addition, proliferating commercial and residential construction, along with increasing disposable income of consumers, are anticipated to boost regional market growth over the following years.
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Table of Contents (ToC) of the report:
Chapter 1 Methodology & Scope
1.1 Market definitions
1.2 Base estimation & workings
1.2.1 North America
1.2.2 Europe
1.2.3 APAC
1.2.4 Latin America (LATAM)
1.2.5 Middle East & Africa (MEA)
1.3 Forecast calculations
1.3.1 COVID-19 impact calculations on industry forecast
1.4 Data Sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid sources
1.4.2.2 Public sources
Chapter 2 Executive Summary
2.1 Green building materials industry 3600 synopsis, 2018 - 2028
2.1.1 Business trends
2.1.2 Type trends
2.1.3 Application trends
2.1.4 End-User trends
2.1.5 Regional trends
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