Meticulous Research® has unveiled its latest market report titled “Green Building Materials Market by Type, Product, Application, Sector, and Geography – Global Forecast to 2031.” The report estimates that the green building materials market will reach $791.8 billion by 2031, expanding at a CAGR of 9.9% from 2024 to 2031.
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This growth is fueled by rising demands for energy-efficient and eco-friendly building solutions, increasing adoption of green materials, and supportive government regulations. However, the higher upfront costs compared to conventional materials may restrict market growth.
Market participants will find ample opportunities due to the growing emphasis on sustainability. A significant challenge, however, is the lack of awareness about the benefits and availability of green building materials.
The market is categorized by type into recycled materials, natural materials, and other materials. Recycled materials are anticipated to dominate, holding over 54.0% of the market share in 2024. This segment’s growth is driven by increasing recycling initiatives and governmental support for sustainable practices.
In terms of products, the market is divided into exterior, interior, solar, and other products. The exterior products segment is forecasted to account for over 43.0% of the market share in 2024, driven by rising demand for energy-efficient insulation and roofing solutions.
For application, the roofing segment is expected to capture the largest share, exceeding 40.0% in 2024. This growth is attributed to increasing demand for innovative and energy-efficient roofing materials.
Sector-wise, the residential segment is projected to hold the largest share of 42.0% in 2024, supported by increasing demand for energy-efficient homes and insulation. This segment is also expected to grow at the highest CAGR during the forecast period.
Regionally, North America is projected to dominate with a market share of 35.0% in 2024, due to the presence of major industry players and supportive regulatory frameworks. Conversely, the Asia-Pacific region is expected to witness the highest CAGR of 11.0%, driven by rapid urbanization and government support 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).
To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/green-building-materials-market-5985
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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