Green Building Materials Market was valued at USD 205 Billion in 2019 and is forecast to touch USD 459 Billion in 2027, exhibiting a CAGR of 10.6% during the forecast period (2020 to 2027), due to the growing government efforts to increase the awareness regarding energy-effective construction solutions.

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Key Drivers

The global green building materials market has grown remarkably over the last years. The market is fueled by the growing demand of green building materials in construction projects over traditional materials, owing to their remarkable benefits such as energy-efficiency, easy maintenance, and lower costs. Moreover, green building materials minimize carbon emissions and global warming. Thus, with the growing concern about the hazardous impact of building materials on environment, government has enforced strict norms to incorporate eco-friendly construction materials, driving the green building material market. For example, as per the U.S. Green Building Council, the leaderships in energy and environmental design-certified houses have increased by 19% since 2017. Also, there are 2500,000 single-family, multifamily & cost-effective housing LEED-certified houses across the world. Increasing inclination towards the use of green building materials along with the strategic government incentives to use them in construction will strengthen the market growth. The inclination towards recycled construction has increased on account of the reducing cost of green buildings, which is expected to augment the Green Building materials market size over the coming years.

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Product Segment Drivers

Based on product, the Structural segment is projected to dominate the green building materials market over the forecast period, owing to the increasing investments to encourage the adoption of green building materials in commercial and residential sectors. Also, as per the Green Building materials market report, structural products help in minimizing carbon emissions and offer durability at a lower price, which further fuels the segment’s growth. On the other hand, the interior segment is projected to witness a promising growth over the forecast period, owing to their ability to control humidity and air quality. The growing consumer awareness regarding the environmental benefits which include superior aesthetics, enhanced lightning, and indoor air quality will augment the market growth.

Application Segment Drivers

Insulation application is forecast to expand at a faster CAGR over the forecast period. Increasing construction activities across the commercial and residential areas has bolstered the application of insulation materials owing to their ability to impede electricity, heat, or sound to pass through building materials, driving the segment’s growth.
On the other hand, the roofing segment is predicted to grow at a higher CAGR over the forecast period. Roofing material is produced from rubber, slag, and sludge, thus, the growing demand for innocuous recycled rubber will boost the segment’s growth.

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Regional Segment Drivers

North American Region is anticipated to dominate the market over the forecast period, owing to the strategic government initiatives, like subsidies for green housing projects to encourage the use of green building materials. Also, increasing renovation projects and growing demand for houses have resulted in an expansion in construction sector, which further fuels the market growth. Strategic government efforts and regulation mandates, which include Leadership in Energy and Environmental Design (LEED), Green Building Certification, allowances for green housing projects, etc., have bolstered the market growth. For example, in 2020, according to the U.S. Green Building Council (USGBC), approximately 1,171 projects were certified with LEED certification for green buildings in United States with 281.05 million GSF land. Asia-Pacific, on the other hand, is predicted to expand at a faster CAGR over the forecast period. Factors like accelerating population, urbanization, and expansion in residential construction sector have fueled the regional growth.

Top Market Players:

Various notable players operating in the global green building materials market include Alumasc Group plc, Bauder Ltd., Binderholz GmbH, CertainTeed, Redbuilt, PPG Industries, DuPont, Forbo International SA, Interface Inc., and Kingspan Group, among others.

Key Developments:

• • In Nov 2021, Sika acquired MBCC Group to speed up its growth strategy and strengthen its position as sustainability leader in the international construction industry.
  • In July 2021, Sika acquired American Hydrotech Inc., and its subsidiary Hydrotech Membrane Corporation in Canada. Hydrotech is an experienced and highly regarded liquid membrane manufacturer and provider of full-system roofing and waterproofing solutions.
  • In May 2020, SmartLam partnered with RedBuilt to offer Cross-Laminated Timber (CLT) products and solutions to engineers, architects, and contractors using the popular mass timber building technology. This partnership will help RedBuilt to become the exclusive distributor of SmartLam CLT in the West Coast, Pacific Northwest, and Southwest, which includes nine states.
  • In 2020, DuPont launched the Next Generation of Styrofoam brand Insulation to minimize greenhouse (GHG) Emissions and Advance 2030 Sustainability Goals. The new, reduced GWP product is first launched in Canada and U.S., that have adopted 2021 HFC regulation as of April 1, 2020.
  • In 2020, the Canadian green construction technology company, Nexii Building Solutions, developed a trio of latest manufacturing plants across North America, with two full-scale plants will be built in Canada, one in Alberta and the other in Toronto, Ontario, while a third one will be developed in Pennsylvania, United States.
  • In 2020, SmartLam North America and RedBuilt entered into a partnership with supply Cross-Laminated Timber (CLT) products and solutions to architects, engineers, and contractors for projects using the popular mass timber building technology. RedBuilt will serve as the exclusive distributor of SmartLam CLT in the Pacific Northwest, West Coast, and Southwest, which includes nine states.

The global green building materials market has been segmented on basis of product, application, and regions. Based on product, the market is segmented into structural, exterior, interior and others. Based on Application, the market is segmented into framing, insulation, roofing, exterior siding, interior finishing, and others. Based on the region, the global green building materials market has been segmented into Asia-Pacific, Europe, North America, and RoW.

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Key questions answered in this research report:

• • At what pace is global green building materials market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in global green building materials market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global green building materials market?
  • Which product generated maximum revenues in 2019 and identify the most promising product during the forecast period?
  • What are the various applications of global green building materials market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Revenues (2019)	USD 205 Billion
Market Base Year	2019
Market Forecast Period	2020-2027
Base Year & Forecast Units	Revenues (USD Billion)
Market Segment	By Product, By Application, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Alumasc Group plc, Bauder Ltd., Binderholz GmbH, CertainTeed, Redbuilt, PPG Industries, DuPont, Forbo International SA, Interface Inc., Kingspan Group, among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Green Building Materials Market by Product

• • Structural
  • Exterior
  • Interior
  • Others

Global Green Building Materials Market by Application

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

Global Green Building Materials Market by Region

• • North America Green Building Materials Market (Option 1: As a part of the free 25% customization)
    • By Product
    • By Application
    • US Market All-Up
    • Canada Market All-Up
  • Europe Green Building Materials Market (Option 2: As a part of the free 25% customization)
    • By Product
    • By Application
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Green Building Materials Market (Option 3: As a part of the free 25% customization)
    • By Product
    • By Application
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Green Building Materials Market (Option 4: As a part of the free 25% customization)
    • By Product
    • By Application
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Global Green Building Materials Market Players (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Alumasc Group plc
  • Bauder Ltd.
  • Binderholz GmbH
  • CertainTeed
  • Redbuilt
  • PPG Industries
  • DuPont
  • Forbo International SA
  • Interface Inc.
  • Kingspan Group