Global Green Building Materials Market Poised for Significant Expansion
The Global Green Building Materials Market is experiencing robust growth, driven by increasing environmental awareness and the adoption of sustainable construction practices. Valued at approximately USD 275.87 billion in 2023, the market is projected to reach nearly USD 514.52 billion by 2030, exhibiting a Compound Annual Growth Rate (CAGR) of 9.2% during the forecast period.
Competitive Landscape
The green building materials industry is characterized by a mix of prominent international and regional players. Leading companies such as Holcim, Saint-Gobain, Kingspan Group, and Interface Inc. are at the forefront, continually innovating to meet the evolving demands of sustainable construction. These companies are investing heavily in research and development, marketing, and expanding their distribution networks to maintain a competitive edge.
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Regional Demand Highlights
North America holds a dominant position in the green building materials market, accounting for a significant share of global revenue. This dominance is attributed to the region's stringent environmental regulations and the presence of major market players. The United States, in particular, contributes substantially to this leadership.
Segmentation Analysis
by Type
Structural
Interior
Exterior
Others
The market is divided into exterior, interior, structural, and other product categories. Throughout the projected period, the external product segment is expected to increase at a compound annual growth rate (CAGR) of 8.2%, maintaining its large market share. These days, wood, bamboo, and other materials are being used to design the exteriors of various buildings. Because of their longevity and capacity to lower carbon emissions, the structural product market is anticipated to expand at a CAGR of 11.8%. Interior markets are also anticipated to expand significantly because to growing consumer knowledge of the advantages they provide for the environment, such as better air quality and lightning.
by Application
Insulation
Roofing
Framing
Interior finishing,
Exterior finishing
Others
The market is divided into segments based on application, such as insulation, exterior and interior finishing, roofing, and framing. The highest market share is held by insulation, which is followed by framing, roofing, exterior and interior finishing, and other products. Insulation is the application that is expanding the fastest, with a growth rate of 11.5% throughout the projection period. The foundation of a home, framing is expected to increase at a significant rate in the market.
by End Users
Residential
Non-residential
Commercial office & buildings
The market is divided into residential, non-residential, and commercial offices and buildings based on the end-user industry. Due to an increase in residential project construction brought on by population demand, residential structures held the largest market share in the application category. Due to the increased need for office and business space, the commercial segment is anticipated to grow at a fast rate.
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Key Market Participants:
1. Alumasc Group Plc.
2. Binderholz gmbh
3. Amvic Building Systems
4. Bauder Ltd.
5. BASF Se
6. Interface, Inc.
7. Owens Corning
8. Forbo international s.a.
9. Kingspan group plc.
10.Acoustical Surfaces, Inc.
11.Cemex S.A.B. de C.V.
12.Cold Mix Manufacturing Corp.
13.GE Sealants and Adhesives, Inc.
14.National Fiber Technology, LLC
15.Momentive Performance Materials Inc.
16.Green Build Products (I) Pvt. Ltd.
17.PPG Industries, Inc.
18.Soben International Eco Ltd.
19.Green Fiber, LLC
20.Magicrete Building Solutions Pvt. Ltd.
21.Reward Wall Systems, Inc.
22.Sika AG
23.Structurlam Products Ltd.
24.Sunlight Electrical Pte Ltd
25.Techno Green PVC Pvt. Ltd.
26.ZinCo USA, Inc.
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