Green Building Materials Market Size, Share, Growth, Trends, and Forecast 2030

Green Building Materials Industry Prospective:

The global green building materials market size was evaluated at $205 billion in 2022 and is slated to hit $755 billion by the end of 2030 with a CAGR of nearly 15% between 2023 and 2030.

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Green Building Materials Market: Overview

Green building materials are made up of renewable, instead of non-renewable resources. Renewable building materials are products such as lumber from forests, recyclable material also includes bamboo and straw, recycled stone, dimension stone, and metals that are recyclable. These materials are also easy to maintain and consume less water in comparison to other building materials. They enable products such as bamboo to withstand wetting. It can also be refurnished easily to eradicate traces of wear and tear with a minimum cost as compared to other building materials.

Key Insights

• As per the analysis shared by our research analyst, the global green building materials market is projected to expand annually at the annual growth rate of around 15% over the forecast timespan (2023-2030)
• In terms of revenue, the global green building materials market size was evaluated at nearly $205 billion in 2022 and is expected to reach $755 billion by 2030.
• The global green building materials market is anticipated to grow rapidly over the forecast timeline owing to rising prices of fuel along with the seeking for technically superior automobiles by consumers
• In terms of product type, the exterior products segment is anticipated to register the highest CAGR over the forecast period.
• Based on application, the residential buildings segment is expected to lead the segmental growth over the period from 2023 to 2030
• Region-wise, the Asia-Pacific green building materials industry is projected to register the fastest CAGR during the assessment timespan.

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Green Building Materials Market: Growth Factors

Surging concerns over environmental degradation can prop up the global market expansion by 2030

Rising prices of fuel along with the seeking for technically superior automobiles by consumers are anticipated to support global green building materials market demand. The green building material helps in reducing carbon footprint and thus enables in reduction of the impact of global warming, thereby driving the global market trends. Due to its numerous environmental and monetary benefits, the demand is anticipated to propel market growth across the globe in the long run. The construction sector is anticipated to utilize green building materials owing to their cost-saving feature, and energy-efficient and environmental-friendly structures.

The surging cost of energy and high-performance green building products are considered to bolster the global market growth. New product launches are predicted to make an immense contribution to the global market revenue in the forthcoming years. For instance, in the second half of 2020, Lhoist, a UK-based firm manufacturing lime-based green products, introduced Tradical Hemcrete, which is a green building material. For the record, the new product can be utilized for constructing walls along with refurbishing old structures by acting as an insulation substance.

Green Building Materials Market: Restraints

Rise in the product costs & their low availability can impede the global industry trends

Growing cost concerns and barriers related to green building materials and uneven enforcement of energy regulation and along with highly price-sensitive consumers might hinder the global green building materials industry surge.

Green Building Materials Market: Opportunities

Immense government highlight on energy preservation to open new growth avenues for the global market

The rising focus of government on energy efficiency and green buildings as an alternative to the recent global crisis is also anticipated to create new growth avenues for the global green building materials market.

Green Building Materials Market: Challenges

Less awareness about advantages offered by product can be a big challenge for the global industry exponentiation

Dynamic pricing along with the need for huge initial investments along with reducing per capita income in some of the emerging countries can pose a huge challenge for the global green building materials industry growth. Apart from this, low awareness about the product benefits among the people and an increase in the excise duties on the product along with their limited availability due to less extraction of these products from land can further inhibit the global industry elevation in the upcoming years.

Green Building Materials Market: Segmentation

The global green building materials market is sectored into product type, application, and region.                                              

In product type terms, the green building materials market globally is bifurcated into exterior products and interior products segments. Furthermore, the exterior products segment, which accrued nearly 75% of the global market proceeds in 2022, is predicted to register the fastest rate of annual growth in the forecast timeline. The expansion of the segment during 2023-2030 can be due to the large-scale use of green building materials in roofing activities and sidings in the construction sector.    

Based on the application, the green building materials industry across the globe is separated into residential buildings and non-residential buildings segments. Furthermore, the residential buildings segment, which gathered nearly three-fifths of the global industry revenue in 2022, is predicted to lead the segmental surge over the forecast period. The expansion of the segment during 2023-2030 can be due to a rise in the end-user consciousness about the eco-friendly nature of the products resulting in their massive use in the construction of the residential buildings. Apart from this, the growing demand for energy conservation in residential buildings has led to escalating product penetration in residential building construction.  

Green Building Materials Market: Report Scope

Green Building Materials Market: Regional Insights

North America is anticipated to defend its dominant position in the global green building materials market in the forecast period

North America, which contributed more than 59% of the global green building materials market revenue in 2022, is projected to be a leading region in the coming eight years. Furthermore, the regional market progression over the forecast timespan can be subject to increasing green building construction activities witnessed in the residential sector in the countries such as Canada and the U.S. due to a rise in the number of migrants in these countries. Moreover, the region is anticipated to witness high housing demand in the near future with good returns on investment. Additionally, the region is considered to witness huge investment in residential construction activities. Furthermore, the presence of some of the major players in the region such as BASF SE, PPG Industries, and Owens Corning will further contribute to the regional market size.

The Asia-Pacific green building materials industry is predicted to register the highest CAGR in the next few years. The growth of the industry in the sub-continent over the forecast timespan can be attributed to the easy availability of green materials such as linoleum, fiber cement composites, and galvalume panels in countries such as India, Indonesia, Japan, Thailand, and China. Furthermore, an increase in the construction of low as well as high-rise residential buildings and a rise in the renovation of existing residential flats will further enlarge the scope of growth of the industry in the region.

Green Building Materials Market: Competitive Space

The global green building materials market profiles key players such as:

• Amvik Systems
• PPG Industries
• Alumasc Group Plc
• Bauder Limited
• BASF SE
• Forbo International SA
• Binderholz GmbH
• Cold Mix Manufacturing Corp.
• Green Build Products
• Owens Corning Incorporation
• GE Sealants and Adhesives Inc.
• Momentive Performance Materials Inc.

The global green building materials market is segmented as follows:

By Product Type

• Exterior Products
• Interior Products

By Application

• Residential Buildings
• Non-Residential Buildings

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa