Global Green Building Material Market Size, Trends & Growth Opportunity By Product (Exterior, Interior, Structural, and Others), By Application (Exterior Siding, Framing, Insulation, Interior Finishing, Roofing, and Others), and By Region and Forecast till 2027.

Global Green Building Material Market

The Global Green Building Material Market is expected to grow from US$ 290.8 Billion in 2021 to US$ 799.07 Billion by 2027; it is estimated to grow at a CAGR of 10.7% from 2021 to 2027.

The products employed in the green building materials market are recyclable goods that enhance both the working and living conditions. The environmental impact of the production, processing, installation, transportation, disposal, and recycling of building materials is lessened by these materials, which also encourage the conservation of non-renewable resources.

In order to address a variety of environmental issues, such as abnormal climate change, resource depletion, atmospheric pollution, poisoning of freshwater resources, and loss of biodiversity, green building materials are used in the construction sector. The durability, energy efficiency, and eco-friendliness of green construction materials make them perfect for use in both residential and non-residential building designs.

Drivers: Due to government initiatives supporting energy-efficient buildings, there is a huge demand for green buildings today. Buildings that are energy-efficient and consume less energy are highly valued in the residential market. This government endeavour serves as a key market stimulant. People are encouraged to buy a building with water- and energy-saving measures. Both the environment and the buyer profit from it. Additionally, the general public is increasingly aware of green building practises. By leading an eco-friendly lifestyle, many people attempt to lessen pollution.

Restraints: The massive investments required for the green building materials are a significant restraint in this market. The green building operational cost is less than the construction of the regular building. However, the construction of green building requires the deployment of energy-efficient facilities and technologies that are cost-intensive. The green building purchases can enjoy cost-efficiency. However, the process of converting regular buildings to the green building requires immense investments. There are external factors that can hamper the growth of the green building market. The investment cycle of the green building market is slow that another crucial restraint in the market is.

Impact of Covid-19

The covid-19 epidemic has had a negative influence on the global market for green building materials by destroying supply networks, distribution systems, and market environments. Due to the often rising cases around the world that prompted governments to announce lockdowns and logistics limitations, construction projects and industrial initiatives like eco-friendly construction have been put on hold. Additionally, the transportation prohibition has altered the dynamics of other construction-related sectors by limiting the supply and manufacturing of green building materials. However, as governments around the world have begun opening up their markets, development and building are projected to pick up as a result of the market's gradual recovery.

Segmentation By Product: The market is divided into Exterior, Interior, Structural, and Others based on the type of product. Due to its capacity to lessen carbon release and give higher long-lasting at a reduced cost, the structural products segment is anticipated to expand at a CAGR of 11.4% over the forecast period. In general, growing economies are predicted to benefit from the expansion of the construction sector.

Segmentation By Application: The market is divided into Exterior Siding, Framing, Insulation, Interior Finishing, Roofing, and Others based on application. According to estimates, insulation has the largest market share and will lead the market for green building materials overall. According to estimates, the greatest application segment is insulation.

Segmentation By Region: Green Building Material Market is classified on the basis of Region into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Competitive Landscape: The key players of Green Building Material Market are Kingspan Group plc, Amvik Systems, BASF SE, Alumasc Group Plc, Bauder Limited, Binderholz GmbH, E. I. du Pont de Nemours and Company, Forbo International SA, Lhoist group, LafargeHolciam group, Interface Inc., and Owens Corning.

Industrial Development

• Lafarge Egypt, a member of the LafargeHolciam group, created an eco-friendly cement for the first time in Egypt on April 7, 2021. This new product from the corporation complies with the company's ecological standards, reduces carbon emissions, and contains more recycled material.
• On November 17, 2020, the UK-based Lhoist group will introduce "Tradional Hemcrete," which may be recycled and used to create walls, renovate historic structures, or serve as an insulating material.
• January 15, 2020, The development of a new type of wood known as "uh wood" and its application as a new building material may help reduce greenhouse gas emissions (greenhouse gas )

Market Taxonomy

By Products

• Exterior
• Interior
• Structural
• Others

By Application

• Exterior Siding
• Framing
• Insulation
• Interior Finishing
• Roofing
• Others

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key Questions Addressed by the Report

• What are the Key Opportunities in Green Building Material Market?
• What will be the growth rate from 2020 to 2027?
• Which segment/region will have highest growth?
• What are the factors that will impact/drive the Market?
• What is the competitive Landscape in the Industry?
• What is the role of key players in the value chain?