Green Building Materials Market, By Application, By Distribution Channel, By End User, By Country, and By Region - Industry Analysis, Market Size, Market Share & Forecast from 2024-2032
Green Building Materials Market size was valued at USD 423,902.09 Million in 2023, expanding at a CAGR of 13.21% from 2024 to 2032.
Green building materials are those that take care of the environment at every stage of their life. These materials were picked because they are low-impact on the environment, sustainable, and energy-efficient. They are made to minimize the loss of natural resources, lowering pollution, and foster healthier interior spaces.
Green Building Materials Market- Market Dynamics
Increasing emphasis on energy-efficient buildings and sustainability is expected to propel market demand
The demand for green materials like high-performance insulation, energy-efficient windows, and energy-efficient HVAC systems is increased by the growing emphasis on energy-efficient buildings to lower carbon emissions and running costs. Adoption of green building materials is encouraged by strict construction requirements, energy-efficiency-promoting policies, and tax credits and subsidies, among other incentives. Green building materials are becoming more and more popular because of consumer preferences for sustainable living environments and eco-friendly products.
The market is driven by growing consciousness regarding pollution, resource depletion, and climate change, which increases the need for environmentally friendly building materials. There is a growing demand for green building materials in commercial construction projects because of businesses incorporate sustainability aims into their operations. Novel, environmentally friendly construction materials with enhanced performance and less environmental effect are created owing to advancements in materials science and manufacturing technology.
Green Building Materials Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 13.21% over the forecast period (2024-2032)
Based on Application segmentation, the insulation roofing segment was predicted to show maximum market share in the year 2023, owing to its high performance in insulation of roofing with greater durability.
Based on Distribution Channel segmentation, the offline segment was the leading Distribution Channel in 2023, due to the high demand for green building materials like recycled & organic products.
Based on End User segmentation, the residential segment was the leading End User in 2023, owing to the rising focus of people on adopting green technologies.
On the basis of region, North America was the leading revenue generator in 2023, owing to high demand for eco-friendly and green products.
Green Building Materials Market- Segmentation Analysis:
The Global Green Building Materials Market is segmented on the basis of Application, Distribution Channel, End User, and Region.
The market is divided into five categories based on Application: insulation roofing, framing, interior finishing, exterior siding, and others. The insulation roofing segment dominates the market. Increasing demand for insulation in green building construction is boosting the segment growth.
The market is divided into two categories based on the Distribution Channel: offline and online. The offline segment dominates the market. The increasing number of shops and retailers offering green products is generating revenues for the market.
The market is divided into three categories based on End Users: industrial, commercial, and residential. The residential segment dominates the market and is expected to maintain its high dominance during the forecast period. High demand for green buildings in the residential sector with a focus on the environment is spurring market growth.
Green Building Materials Market- Geographical Insights
Geographically, this market is widespread in the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. North America is a mature market for Green Building Materials, with a strong demand from both the industrial sectors. Supportive government regulations and sustainability initiatives are impacting positively on the region's growth. Asia Pacific is projected to grow at the highest rate in the next few years.
Green Building Materials Market- Competitive Landscape:
The Green Building Materials market is less fragmented. Market players are involved in strategic activities like product innovation, development, and partnerships to expand their product portfolio and reach across the globe. Large multinational corporations have also ventured into with other companies to enhance their pre-existing proficiency in green materials research and manufacturing. In addition, companies are spending money on R&D to create organic green materials, all the while emphasizing environmental friendliness and sustainability.
Recent Developments:
In October 2022, Holcim attained Wiltshire Heavy Building Materials, which is among the leading companies delivering building resolutions and materials in the U.K.
In August 2022, Saint-Gobain acquired Kaycan, a manufacturer and distributor of exterior building materials to expand its reach across Canada and the United States.
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL GREEN BUILDING MATERIALS MARKET KEY PLAYERS
Sika AG
Kingspan Group
Holcim
Saint-Gobain
Binderholz GmbH
Dupont
Interface Inc.
BASF SE
Owens Corning
PPG Industries
Soben International
Pidilite
BSW Timber Ltd
Others
GLOBAL GREEN BUILDING MATERIALS MARKET, BY APPLICATION- MARKET ANALYSIS, 2019-2032
Framing
Insulation roofing
Exterior siding
Interior finishing
Others
GLOBAL GREEN BUILDING MATERIALS MARKET, BY DISTRIBUTION CHANNEL- MARKET ANALYSIS, 2019-2032
Offline
Online
GLOBAL GREEN BUILDING MATERIALS MARKET, BY END USER- MARKET ANALYSIS, 2019-2032
Industrial
Commercial
Residential
GLOBAL GREEN BUILDING MATERIALS MARKET, BY REGION- MARKET ANALYSIS, 2019-2032
North America
The U.S.
Canada
Europe
Germany
France
Italy
Spain
United Kingdom
Russia
Netherlands
Sweden
Poland
Rest of Europe
Asia Pacific
India
China
South Korea
Japan
Australia
Thailand
Indonesia
Philippines
Rest of APAC
Latin America
Brazil
Mexico
Argentina
Colombia
Rest of LATAM
The Middle East and Africa
Saudi Arabia
United Arab Emirates
Israel
Turkey
Algeria
Egypt
Rest of MEA
Table of Contents
1. Green Building Materials Market Overview
1.1. Study Scope
1.2. Market Estimation Years
2. Executive Summary
2.1. Market Snippet
2.1.1. Green Building Materials Market Snippet by Application
2.1.2. Green Building Materials Market Snippet by Distribution Channel
2.1.3. Green Building Materials Market Snippet by End User
2.1.4. Green Building Materials Market Snippet by Country
2.1.5. Green Building Materials Market Snippet by Region
2.2. Competitive Insights
3. Green Building Materials Key Market Trends
3.1. Green Building Materials Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. Green Building Materials Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. Green Building Materials Market Opportunities
3.4. Green Building Materials Market Future Trends
4. Green Building Materials Industry Study
4.1. PEST Analysis
4.2. Porter's Five Forces Analysis
4.3. Growth Prospect Mapping
4.4. Regulatory Framework Analysis
5. Green Building Materials Market: COVID-19 Impact Analysis
5.1. Pre-COVID-19 Impact Analysis
5.2. Post-COVID-19 Impact Analysis
5.2.1. Top Performing Segments
5.2.2. Marginal Growth Segments
5.2.3. Top Looser Segments
5.2.4. Marginal Loss Segments
6. Green Building Materials Market Landscape
6.1. Green Building Materials Market Share Analysis, 2023
6.2. Breakdown Data, by Key Manufacturer
6.2.1. Established Players' Analysis
6.2.2. Emerging Players' Analysis
7. Green Building Materials Market - By Application
7.1. Overview
7.1.1. Segment Share Analysis, By Application, 2024 & 2032 (%)
7.1.2. Framing
7.1.3. Insulation roofing
7.1.4. Exterior siding
7.1.5. Interior finishing
7.1.6. Others
8. Green Building Materials Market - By Distribution Channel
8.1. Overview
8.1.1. Segment Share Analysis, By Distribution Channel, 2024 & 2032 (%)
8.1.2. Offline
8.1.3. Online
9. Green Building Materials Market - By End User
9.1. Overview
9.1.1. Segment Share Analysis, By End User, 2024 & 2032 (%)
9.1.2. Industrial
9.1.3. Commercial
9.1.4. Residential
10. Green Building Materials Market- By Geography
10.1. Introduction
10.1.1. Segment Share Analysis, By Geography, 2024 & 2032 (%)
10.2. North America
10.2.1. Overview
10.2.2. Green Building Materials Key Manufacturers in North America
10.2.3. North America Market Size and Forecast, By Country, 2019 - 2032 (US$ Million)
10.2.4. North America Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
10.2.5. North America Market Size and Forecast, By Distribution Channel, 2019 - 2032 (US$ Million)
10.2.6. North America Market Size and Forecast, By End User, 2019 - 2032 (US$ Million)