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Market Insights for Green Building Materials: Trends, Size, Share, and Forecasts

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RAJUL BIJOLE
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4 min read

Meticulous Research® has introduced a new in-depth report titled ‘Green Building Materials Market by Type, Product (Exterior, Interior), Application (Roofing, Siding, Insulation, Flooring), Sector (Residential, Commercial) and Geography - Global Forecast to 2031’. This report estimates that the green building materials market will grow to $791.8 billion by 2031, at a CAGR of 9.9% from 2024 to 2031.

The green building materials market is expected to benefit from increasing demands for energy-efficient buildings, the growing acceptance of green materials, and supportive government policies favoring sustainable construction. Nevertheless, the higher initial costs associated with green materials compared to conventional building methods could act as a barrier.

The market presents significant growth opportunities due to the rising focus on sustainability. However, limited awareness about the benefits and availability of green materials may restrict market growth.

Market segments include type (recycled materials, natural materials, other materials), product (exterior products, interior products, solar products, other products), application (roofing, insulation, flooring, siding, framing, other applications), and sector (residential, commercial, other sectors). The report also provides a detailed competitive analysis and examines the market at regional and national levels.

The recycled materials segment is projected to dominate, with more than 54.0% of the market share in 2024. This is due to increasing use of recycled materials, growing demand for sustainable solutions, and government initiatives to reduce construction waste. This segment is also expected to exhibit the highest CAGR during the forecast period.

Exterior products are anticipated to hold the largest market share of over 43.0% in 2024. This growth is driven by a surge in demand for high-performance insulation and reflective roofing, increased consumer awareness, and the adoption of innovative and sustainable exterior products. The segment's growth is fueled by the need for energy-efficient buildings and improved indoor air quality.

The roofing application is expected to command a substantial share of over 40.0% in 2024. This segment's growth is attributed to rising adoption of advanced roofing solutions, increasing demand for materials that enhance indoor comfort, and a push for energy-efficient roofing. It is also projected to register the highest CAGR during the forecast period.

By sector, the residential market is expected to hold over 42.0% of the share in 2024. This is due to rising demand for energy-efficient homes, a focus on sustainability, and stricter building regulations. The residential segment is also expected to grow at the highest rate during the forecast period.

Geographically, North America is set to hold the largest share of over 35.0% in 2024. The region’s market strength is supported by major players such as PPG Industries, Inc., CertainTeed, LLC, Interface Inc., and DuPont de Nemours, Inc. Key factors driving North America’s market include a focus on energy-efficient buildings and investments in cleaner materials.

The Asia-Pacific region is expected to experience the highest CAGR of 11.0% during the forecast period, driven by increasing demand for green materials, supportive government policies, and rapid infrastructure development in countries like Japan, South Korea, and India.

Key Players

The key players operating in the green building materials market are DuPont de Nemours, Inc. (U.S.), Holcim Group (Switzerland), Interface Inc. (U.S.), Kingspan Group plc (Ireland), Owens Corning (U.S.), PPG Industries, Inc. (U.S.), Sika AG (Switzerland), Bauder Ltd. (U.K.), Amvic Inc. (Canada), Binderholz GmbH (Germany), Alumasc Group Plc (U.K.), BASF SE (Germany), CertainTeed, LLC. (U.S.), Forbo International SA (Switzerland), and LG Hausys Ltd (South Korea).

Download Sample Report Here @ meticulousresearch.com/download-sample-repo..

Key Questions Answered in the Report:

  • Which are the high-growth market segments in terms of material, product, application, and sector?

  • What was the historical market size for green building materials globally?

  • What are the market forecasts and estimates for 2024–2031?

  • What are the major drivers, restraints, opportunities, challenges, and trends in the green building materials market?

  • Who are the major players in the green building materials market, and what are their market shares?

  • What is the competitive landscape like?

  • What are the recent developments in the green building materials market?

  • What are the various growth strategies adopted by major market players?

  • What are the major market trends, and which are the high-growth countries?

  • Who are the local emerging players in the green building materials market, and how do they compete with other players?

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Green Building Materials Market, Green Building Materials, Green Buildings, Green Roofs, Insulation, Flooring, Siding, Construction Materials, Roofing Materials, Chemicals and Materials