Green Building Materials Market

The market for environmentally friendly building materials, commonly known as green building materials, had a value of $237.3 billion in 2020. It is projected to grow at a compound annual growth rate (CAGR) of 8.1% from 2023 to 2030, reaching $511.2 billion. Green building materials are materials that enhance the sustainability and efficiency of building structures in terms of design, construction, maintenance, and renovation. These materials are highly energy efficient and made from renewable waste sources. Various materials such as mycelium, hempcrete, recycled plastic, straw bales, bamboo & wood, rammed earth, timbercrete, and grasscrete are used in the construction of green buildings.

The increasing popularity of green building materials in construction projects is driven by their ability to minimize the environmental impact associated with installation, transportation, manufacturing, processing, disposal, and recycling of traditional building materials. These materials also help reduce carbon emissions and mitigate global warming. Moreover, they are energy-efficient, environmentally friendly, easy to maintain, and cost-effective compared to standard construction materials. Governments in developed nations have implemented policies and incentives to promote green construction, further driving the demand for green building materials.

However, the growth of the green building materials market may be hindered by decreased income per capita in some countries, which could affect construction activities in the residential sector.

The green building material market is categorized into product types such as exterior products, interior products, building systems, solar products, and others. It is also segmented by application into residential buildings and non-residential buildings. The market is analyzed across different regions including North America, Europe, Asia-Pacific, and LAMEA (Latin America, Middle East, and Africa), taking into account the market share of green building materials in each region and country.

Major players that operate in green building materials market are Alumasc Group Plc (UK), Amvik Systems (Canada), BASF SE (Germany), Bauder Limited (UK), Binderholz GmbH (Germany), E. I. du Pont de Nemours and Company (U.S.), Forbo International SA (Switzerland), Interface Inc. (U.S.), Kingspan Group Plc (Ireland), and Owens Corning (U.S.).

Other key players in the global green building materials industry value chain include, Acoustical Surfaces, Inc. (U.S.); Cemex S.A.B. de C.V. (Germany); Cold Mix Manufacturing Corp. (U.S.); GE Sealants and Adhesives, Inc. (U.S.); Green Build Products (I) Pvt. Ltd. (India); Green Fiber, LLC (U.S.); Magicrete Building Solutions Pvt. Ltd.  (India); Momentive Performance Materials Inc. (U.S.); National Fiber Technology, LLC (U.S.); Novagard Solutions, Inc. (U.S.); Onekin Green Building Materials Co. Ltd. (China); PPG Industries, Inc. (U.S.); RedBuilt, LLC (U.S); Reward Wall Systems, Inc. (U.S.); Sika AG (Switzerland); Soben International Eco Ltd. (China); Structurlam Products Ltd. (Canada); Sunlight Electrical Pte Ltd. (Singapore); Techno Green PVC Pvt. Ltd. (India); and ZinCo USA, Inc. (U.S.).

Green Building Material Market, by Product Type

In 2020, the exterior product segment dominated the green building material market and is predicted to experience a compound annual growth rate (CAGR) of 7.9% during the forecast period. This growth is primarily attributed to increased repair and maintenance activities observed in North America and the Asia-Pacific region.

The solar product segment is projected to be the most profitable segment in the green building material market, offering significant opportunities for growth.

Green Building Material Market, by Application

In terms of application, the residential building segment held a significant share in the green building material market in 2020. It is expected to grow at a CAGR of 7.4% during the forecast period. This growth can be attributed to the rising number of building laws and policies that require energy-efficient constructions. The increasing adoption of green building practices in the residential sector has created a demand for environmentally friendly and energy-efficient building materials.

Green Building Material Market, by Region

In 2020, the Asia-Pacific region emerged as the leading contributor to the revenue of the green building material market and is expected to maintain its dominant position throughout the forecast period. This dominance can be attributed to the significant rise in construction activities in the region. The construction industry in Asia-Pacific witnessed an increase in maintenance and repair activities, primarily driven by government initiatives and maintenance programs. These factors have played a crucial role in fostering the growth of the green building materials market in the region.

COVID-19 Impact on Market

• The green building materials market was adversely affected by the COVID-19 outbreak, leading to a significant decline in demand for these materials.
• The pandemic-induced restrictions on import and export activities disrupted the supply chain, hindering the growth of the green building materials market.
• Government-imposed lockdown measures had a negative impact on the construction sector, resulting in the suspension or postponement of many construction projects.
• The COVID-19 pandemic created a substantial gap between supply and demand in the market for green building materials.

Green Building Materials Market Report Segmentations

By Product Type             

• Exterior Products

• Windows
• Roofing
• Doors
• Siding

• Interior Products
  • Floorings
  • Insulation
• Building Systems
• Solar Products
• Others

By Application 

• Residential Buildings
• Non-residential Buildings

• Commercial & Office
• Institutional
• Industrial
• Hospitality & Leisure
• Others

By Region          

• North America  (U.S., Canada, Mexico)
• Europe  (Germany, France, UK, Italy, Poland, Rest of Europe)
• Asia-Pacific  (China, Japan, South Korea, India, Australia, Rest of Asia-Pacific)
• LAMEA  (Brazil, UAE, South Africa, Rest of LAMEA)

Key Stakeholder Benefits:

• The report provides a comprehensive analysis of different market segments and offers market estimations from 2023 to 2030.
• The market size of the green building materials market is presented in terms of millions of dollars.
• A thorough analysis of the factors driving and limiting the growth of the green building materials market is included.
• Porter's five forces model is employed to assess the bargaining power of buyers and sellers, aiding market players in developing effective strategies.
• Estimations and forecasts consider factors that influence the growth of the green building materials market in terms of millions of dollars.
• Profiles of key market players are provided to gain insights into their adopted strategies.
• This report offers a detailed analysis of current trends in the green building materials market and future estimations from 2023 to 2030, helping to identify prevailing opportunities in the market.