This report describes and explains the green building materials market and covers 2018-2023, termed the historic period, and 2023-2028, 2033F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.
The global green building materials market reached a value of nearly $305.62 billion in 2023, having grown at a compound annual growth rate (CAGR) of 6.1% since 2018. The market is expected to grow from $305.62 billion in 2023 to $499.95 billion in 2028 at a rate of 10.3%. The market is then expected to grow at a CAGR of 13.1% from 2028 and reach $925.57 billion in 2033.
Growth in the historic period resulted from the emerging markets growth, increase in demand for green buildings, growing investments in energy efficiency and rise in disposable income. Factors that negatively affected growth in the historic period was high costs.
Going forward, growing supportive government policies, increasing investments in renovation activities, increasing energy cost and consumption, growing construction industry and global population growth and urbanization will drive the growth. Factor that could hinder the growth of the green building materials market in the future include concerns about affordability and perceived higher costs of green construction.
The green building materials market is segmented by type into structural, exterior, interior and other types. The structural market was the largest segment of the green building materials market segmented by type, accounting for 47.2% or $144.34 billion of the total in 2023. Going forward, the structural segment is expected to be the fastest growing segment in the green building materials market segmented by type, at a CAGR of 10.7% during 2023-2028.
The green building materials market is segmented by application into framing, insulation, roofing, exterior siding, interior finishing and other applications. The insulation market was the largest segment of the green building materials market segmented by application, accounting for 27.7% or $84.8 billion of the total in 2023. Going forward, the interior finishing segment is expected to be the fastest growing segment in the green building materials market segmented by application, at a CAGR of 11.9% during 2023-2028.
The green building materials market is segmented by end-use into residential buildings and non-residential buildings. The residential buildings market was the largest segment of the green building materials market segmented by end-use, accounting for 56.4% or $172.28 billion of the total in 2023. Going forward, the residential buildings segment is expected to be the fastest growing segment in the green building materials market segmented by end-use, at a CAGR of 10.6% during 2023-2028.
North America was the largest region in the green building materials market, accounting for 33.5% or $102.39 billion of the total in 2023. It was followed by Asia-Pacific, Western Europe and then the other regions. Going forward, the fastest-growing regions in the green building materials market will be Asia-Pacific and Western Europe where growth will be at CAGRs of 11.9% and 10.9% respectively. These will be followed by Middle East and Eastern Europe where the markets are expected to grow at CAGRs of 9.6% and 9.3% respectively.
The global green building materials market is highly fragmented, with large number of players operating in the market. The top ten competitors in the market made up to 1.32% of the total market in 2022. Owens Corning was the largest competitor with 0.30% share of the market, followed by BASF SE with 0.20%, Kingspan Group Plc with 0.19%, Knauf Group with 0.12%, Holcim Ltd with 0.11%, Binderholz GmbH with 0.09%, Compagnie de Saint-Gobain with 0.08%, Wienerberger AG with 0.08%, DuPont de Nemours, Inc. with 0.07%, and Interface Inc. with 0.06%.
The top opportunities in the green building materials market segmented by type will arise in the structural segment, which will gain $95.28 billion of global annual sales by 2028. The top opportunities in the green building materials market segmented by application will arise in the insulation segment, which will gain $53.71 billion of global annual sales by 2028. The top opportunities in the green building materials market segmented by end-use will arise in the residential buildings segment, which will gain $112.65 billion of global annual sales by 2028. The green building materials market size will gain the most in the USA at $47.62 billion.
Player-adopted strategies in the green building materials market include focus on strengthening operational capabilities through business expansions by acquiring companies with similar businesses, enhancing product portfolio through the launch of new products, strategic mergers and acquisitions to expand geographical reach, expanding production capabilities by setting up new production units and developing new technologies to recycle construction demolition materials for a wide range of applications.
Market-trend-based strategies for the green building materials market include focus on use of recycled and reclaimed materials for sustainable construction, development of eco-friendly insulation materials to save energy costs, introduction of green cement to reduce carbon footprint, focus on introducing paint solutions with low levels of volatile organic chemicals (VOCs) and strategic partnerships and collaborations among market players.
To take advantage of the opportunities, the analyst recommends the green building materials companies to focus on sustainable practices, focus on eco-friendly insulation materials, focus on green cement for sustainable growth, focus on structural and interior segments, expand in emerging markets, continue to focus on developed markets, focus on strategic partnerships for market expansion, provide competitively priced offerings, participate in trade shows and events, continue to use B2B promotions, focus on insulation and interior finishing applications and focus on residential buildings.
The global green building materials market reached a value of nearly $305.62 billion in 2023, having grown at a compound annual growth rate (CAGR) of 6.1% since 2018. The market is expected to grow from $305.62 billion in 2023 to $499.95 billion in 2028 at a rate of 10.3%. The market is then expected to grow at a CAGR of 13.1% from 2028 and reach $925.57 billion in 2033.
Growth in the historic period resulted from the emerging markets growth, increase in demand for green buildings, growing investments in energy efficiency and rise in disposable income. Factors that negatively affected growth in the historic period was high costs.
Going forward, growing supportive government policies, increasing investments in renovation activities, increasing energy cost and consumption, growing construction industry and global population growth and urbanization will drive the growth. Factor that could hinder the growth of the green building materials market in the future include concerns about affordability and perceived higher costs of green construction.
The green building materials market is segmented by type into structural, exterior, interior and other types. The structural market was the largest segment of the green building materials market segmented by type, accounting for 47.2% or $144.34 billion of the total in 2023. Going forward, the structural segment is expected to be the fastest growing segment in the green building materials market segmented by type, at a CAGR of 10.7% during 2023-2028.
The green building materials market is segmented by application into framing, insulation, roofing, exterior siding, interior finishing and other applications. The insulation market was the largest segment of the green building materials market segmented by application, accounting for 27.7% or $84.8 billion of the total in 2023. Going forward, the interior finishing segment is expected to be the fastest growing segment in the green building materials market segmented by application, at a CAGR of 11.9% during 2023-2028.
The green building materials market is segmented by end-use into residential buildings and non-residential buildings. The residential buildings market was the largest segment of the green building materials market segmented by end-use, accounting for 56.4% or $172.28 billion of the total in 2023. Going forward, the residential buildings segment is expected to be the fastest growing segment in the green building materials market segmented by end-use, at a CAGR of 10.6% during 2023-2028.
North America was the largest region in the green building materials market, accounting for 33.5% or $102.39 billion of the total in 2023. It was followed by Asia-Pacific, Western Europe and then the other regions. Going forward, the fastest-growing regions in the green building materials market will be Asia-Pacific and Western Europe where growth will be at CAGRs of 11.9% and 10.9% respectively. These will be followed by Middle East and Eastern Europe where the markets are expected to grow at CAGRs of 9.6% and 9.3% respectively.
The global green building materials market is highly fragmented, with large number of players operating in the market. The top ten competitors in the market made up to 1.32% of the total market in 2022. Owens Corning was the largest competitor with 0.30% share of the market, followed by BASF SE with 0.20%, Kingspan Group Plc with 0.19%, Knauf Group with 0.12%, Holcim Ltd with 0.11%, Binderholz GmbH with 0.09%, Compagnie de Saint-Gobain with 0.08%, Wienerberger AG with 0.08%, DuPont de Nemours, Inc. with 0.07%, and Interface Inc. with 0.06%.
The top opportunities in the green building materials market segmented by type will arise in the structural segment, which will gain $95.28 billion of global annual sales by 2028. The top opportunities in the green building materials market segmented by application will arise in the insulation segment, which will gain $53.71 billion of global annual sales by 2028. The top opportunities in the green building materials market segmented by end-use will arise in the residential buildings segment, which will gain $112.65 billion of global annual sales by 2028. The green building materials market size will gain the most in the USA at $47.62 billion.
Player-adopted strategies in the green building materials market include focus on strengthening operational capabilities through business expansions by acquiring companies with similar businesses, enhancing product portfolio through the launch of new products, strategic mergers and acquisitions to expand geographical reach, expanding production capabilities by setting up new production units and developing new technologies to recycle construction demolition materials for a wide range of applications.
Market-trend-based strategies for the green building materials market include focus on use of recycled and reclaimed materials for sustainable construction, development of eco-friendly insulation materials to save energy costs, introduction of green cement to reduce carbon footprint, focus on introducing paint solutions with low levels of volatile organic chemicals (VOCs) and strategic partnerships and collaborations among market players.
To take advantage of the opportunities, the analyst recommends the green building materials companies to focus on sustainable practices, focus on eco-friendly insulation materials, focus on green cement for sustainable growth, focus on structural and interior segments, expand in emerging markets, continue to focus on developed markets, focus on strategic partnerships for market expansion, provide competitively priced offerings, participate in trade shows and events, continue to use B2B promotions, focus on insulation and interior finishing applications and focus on residential buildings.
Table of Contents
1 Executive Summary
6 Market Characteristics
7 Major Market Trends
8 Green Building Materials Market - Macro Economic Scenario
9 Global Market Size and Growth
10 Global Green Building Materials Market Segmentation
11 Green Building Materials Market, Regional and Country Analysis
12 Asia-Pacific Market
13 Western Europe Market
14 Eastern Europe Market
15 North America Market
16 South America Market
17 Middle East Market
18 Africa Market
19 Competitive Landscape and Company Profiles
20 Other Major and Innovative Companies
23 Key Mergers and Acquisitions
24 Opportunities and Strategies
25 Green Building Materials Market, Conclusions and Recommendations
26 Appendix
Executive Summary
Green Building Materials Global Market Opportunities And Strategies To 2033 provides the strategists; marketers and senior management with the critical information they need to assess the global green building materials market as it emerges from the COVID-19 shut down.Reasons to Purchase:
- Gain a truly global perspective with the most comprehensive report available on this market covering 15 geographies.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
- Suitable for supporting your internal and external presentations with reliable high-quality data and analysis.
Description
Where is the largest and fastest-growing market for green building materials? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The green building materials market global report answers all these questions and many more.The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market’s history and forecasts market growth by geography. It places the market within the context of the wider green building materials market; and compares it with other markets.
The report covers the following chapters
- Introduction and Market Characteristics: Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by type, by application and by end-use.
- Key Trends: Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
- Macroeconomic Scenario: The report provides an analysis of the impact of the COVID-19 pandemic, impact of the Russia-Ukraine war and impact of rising inflation on global and regional markets, providing strategic insights for businesses in the green building materials market.
- Global Market Size And Growth: Global historic (2018-2023) and forecast (2023-2028, 2033F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional And Country Analysis: Historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison by region and country.
- Market Segmentation: Contains the market values (2018-2023) (2023-2028, 2033F) and analysis for each segment by type, by application and by end-use in the market. Historic (2018-2023) and forecast (2023-2028) and (2028-2033) market values and growth and market share comparison by region market.
- Regional Market Size And Growth: Regional market size (2023), historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape: Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Other Major And Innovative Companies: Details on the company profiles of other major and innovative companies in the market.
- Competitive Benchmarking Briefs on the financials comparison between major players in the market.
- Competitive Dashboard: Briefs on competitive dashboard of major players.
- Key Mergers And Acquisitions: Information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions, which have shaped the market in recent years.
- Market Opportunities And Strategies: Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions And Recommendations: This section includes recommendations for green building materials providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
- Appendix: This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report scope.
Markets Covered:
1) By Type: Structural; Exterior; Interior; Other Types2) By Application: Framing; Insulation; Roofing; Exterior Siding; Interior Finishing; Other Applications.
3) By End-Use: Residential Buildings; Non-Residential Buildings
Key Companies Mentioned: Owens Corning; BASF SE; Kingspan Group Plc; Knauf Group; Holcim Ltd
Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Canada; Brazil; France; Germany; UK; Italy; Spain; Russia
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; green building materials indicators comparison.
Data Segmentation: Country and regional historic and forecast data; market share of competitors; market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Companies Mentioned
- Owens Corning
- BASF SE
- Kingspan Group Plc
- Knauf Group
- Holcim Ltd
- Binderholz GmbH
- Compagnie de Saint-Gobain
- Wienerberger AG
- DuPont de Nemours, Inc.
- Interface Inc.
- China State Construction Engineering Corporation
- China Communications Construction Company Limited
- Shanghai Construction Group
- SGS Group
- Larsen & Toubro
- GMR Group
- Hindustan Construction company
- GVK Group
- Kajima Corporation
- Shimizu Corporation
- Kingspan Group Plc
- Binderholz Compagnie de
- Saint-Gobain GmbH
- Välinge Flooring
- HeidelbergCement
- LafargeHolcim
- Aerzener Maschinenfabrik GmbH
- SCHMIDT Technology GmbH
- Colt International Licensing Limited
- Gsky Plant Systems
- Hachler GmbH
- Sensor
- spol. s r.o
- Norsonic AS
- Internationale Geotextil GmbH
- GreenKeys
- Mastal Sp zo.o
- Grudnik Sp. Z O. O
- KONTUR SP. Z O.O
- ATT Sp. Z. O.O
- Brand Distribution Sp. Z O.O
- Departysh D Ltd
- Macon Group
- Somaco
- Supertech Q Materials SRL
- Iridex Group
- Matcons
- Turner Corp
- Aecom
- Clark Group
- Swinerton
- Hensel Phelps
- Skanska USA
- Lendlease
- Gilbane Building Co
- Battle Lake Design Group
- Alberta
- Green Solution Brazil Ltd
- Isover
- Armacell
- EDGE Colombia
- Electro Aco Altona
- Suzano
- Votorantim Cimentos Brasil
- Klabin
- Cielo Brazil
- TUPY
- BR Metals Fundições Ltda
- Green Building Solutions
- Green Space Building Materials LLC
- Kubik Inc
- Lafarge Africa Plc
- Green Star SA
- McGraw-Hill Construction
- Heidelberg Cement AG
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 295 |
Published | April 2024 |
Forecast Period | 2023 - 2033 |
Estimated Market Value ( USD | $ 305.6 Billion |
Forecasted Market Value ( USD | $ 925.6 Billion |
Compound Annual Growth Rate | 11.7% |
Regions Covered | Global |
No. of Companies Mentioned | 75 |