Green Building Materials Market to Cross US 562.7 Billion Globally By 2028

IMARC Group, a leading market research company, has recently releases report titled “Green Building Materials Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global green building materials market size, share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How big is the green building materials market?

Green building materials represent the substances that enhance the efficiency and sustainability of a structure in terms of construction, maintenance, design, and repair. They can be categorized into various kinds, such as straw bales, recycled plastic, bamboo, hempcrete, wood, rammed earth, timber crate, etc.

Green building materials are widely utilized for framing, roofing, insulation, exterior siding, and interior finishing. They aid in reducing the adverse environmental impact related to the fabrication, transportation, processing, installation, and disposal of traditional structure components. In addition to this, green building materials are energy-efficient, durable, and incur minimal operational costs. As a result, they find widespread applications across the residential and non-residential sectors.

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What are the growth prospects and trends in the green building materials industry?

The escalating environmental concerns towards the high carbon emissions from conventional construction substances are among the primary factors driving the green building materials market. Besides this, the rising consumer inclination towards superior aesthetics, enhanced lighting, and improved indoor air quality is further augmenting the market growth. Moreover, the growing popularity of smart cities and the continuous renovations of the existing infrastructures with sustainable and green building materials are also catalyzing the global market.

Apart from this, the introduction of specialized organizations to promote green structure development and the extensive product utilization in the construction industry, as it reduces the environmental impact related to transportation, installation, manufacturing, processing, recycling, and disposal, are acting as significant growth-inducing factors. Additionally, the increasing consumer awareness toward several health hazards associated with concrete, clay, and heavy metals is also stimulating the market growth. Furthermore, the high penetration of innovative technologies to produce energy-efficient and improved product variants, including ultra-high-strength concrete, eco-friendly sheetrock, moisture-resistant drywall joint compounds, etc., is anticipated to propel the green building materials market over the forecasted period. 

What is included in market segmentation?

The report has segmented the market into the following categories:

 Breakup by Application:

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

Market Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including:

• Alumasc Group Plc,
• Bauder Limited,
• Binderholz GmbH,
• CertainTeed Corporation,
• RedBuilt, LLC,
• PPG Industries,
• DuPont,
• Forbo International SA,
• Interface Inc.,
• Kingspan Group plc,
• Lafarge,
• BASF SE,
• Owens Corning
• National Fiber.

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