May 20, 2024

Green Building Materials Market Size, Share, Report by 2033

The global green building materials market size was estimated at USD 423.10 billion in 2023 and is projected to reach around USD 1352.12 billion by 2033, growing at a CAGR of 12.32% from 2024 to 2033.

Key Points

  • The North America green building material market size accounted for USD 148.09 billion in 2023 and is expected to attain around USD 473.24 billion by 2033.
  • North America led the market with the largest market share of 35% in 2023.
  • Asia Pacific is observed to expand at a rapid pace during the forecast period.
  • By application, the insulation segment accounted for the dominating share in 2023.
  • By application, the roofing segment is expected to witness a significant share during the forecast period.
  • By end-use industry, the residential segment held the largest share of the market in 2023.
  • By end-use industry, the commercial segment is expected to grow significantly during the forecast period.

Green Building Materials Market Size 2024 to 2033

The green building materials market refers to the industry focused on developing and utilizing sustainable materials for construction and renovation projects. These materials are designed to have minimal environmental impact throughout their lifecycle, from production to disposal. The market encompasses a wide range of products, including recycled materials, renewable resources, low-emission products, and energy-efficient components.

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Growth Factors

The green building materials market has experienced robust growth in recent years due to increasing awareness of environmental issues and the push towards sustainable development. Government regulations promoting green building practices, such as LEED certification, have also driven demand for these materials. Additionally, rising consumer preferences for eco-friendly products and the desire to reduce carbon footprints in construction projects have contributed to market expansion.

Regional Insights:

The adoption of green building materials varies across regions, influenced by factors such as regulatory policies, economic conditions, and cultural attitudes towards sustainability. Developed regions like North America and Europe have been early adopters of green building practices, with established markets for eco-friendly materials. Emerging economies in Asia Pacific and Latin America are witnessing rapid growth in green building projects, driven by urbanization, increasing disposable income, and government initiatives promoting sustainable construction.

Green Building Material Market Scope

Report Coverage Details
Growth Rate from 2024 to 2033 CAGR of 12.32%
Green Building Material Market Size in 2023 USD 423.10 Billion
Green Building Material Market Size in 2024 USD 475.23 Billion
Green Building Material Market Size by 2033 USD 1352.12 Billion
Largest Market North America
Base Year 2023
Forecast Period 2024 to 2033
Segments Covered By Application and By End-use Industry
Regions Covered North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa

 

Green Building Material Marke Dynamics

Drivers

Several key drivers propel the green building materials market forward. These include growing concerns over climate change and the need to reduce greenhouse gas emissions, which has led to stricter environmental regulations favoring sustainable construction practices. Moreover, the desire for energy efficiency and cost savings over the long term has encouraged builders and developers to prioritize green materials that offer superior performance and durability compared to conventional counterparts.

Opportunities

The green building materials market presents promising opportunities for innovation and investment. Research and development efforts are focused on creating new materials with improved sustainability profiles, enhanced performance characteristics, and lower embodied carbon. Collaborations between industry stakeholders, academia, and government bodies can further accelerate the adoption of green technologies and materials, opening avenues for market expansion and job creation.

Challenges

Despite the positive momentum, the green building materials market faces several challenges. One major obstacle is the higher upfront cost of many sustainable materials compared to traditional options, which can deter budget-conscious consumers and developers. Additionally, limited availability and variability in supply chains for certain green materials pose logistical challenges. Addressing these barriers requires concerted efforts from policymakers, industry players, and financial institutions to make sustainable options more accessible and affordable.

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Green Building Material Market Recent Developments

  • In October 2022, A significant provider of building solutions and material circularity in the UK, Wiltshire Heavy Building Materials was acquired by Holcim. The green building materials market in the United Kingdom will benefit from Holcim’s increased market position through this acquisition.
  • In April 2023, T2EARTH LLC, the breakthrough, science-based, and innovation-driven manufacturer of sustainable, toxic-chemical free, and superior-performance forest products in the green building world with its focus on eco-wood products, debuts OnWoodTM as the Earth’s first ever circular economy, sustainable, Class A, high performance, eco-fire-retardant treated wood (eco-FRTW).
  • In August 2022, A manufacturer and distributor of external building materials in Canada and the US, Kaycan, was purchased by Saint-Gobain. With this acquisition, Saint-Gobain increased its market dominance in light and sustainable building, taking over as the dominant siding provider in Canada and broadening its vinyl product line across the United States with complementing solutions in aluminum and engineered wood.

Green Building Material Market Companies

  • BASF SE
  • Binderholz GmbH
  • Dupont
  • Interface Inc.
  • Owens Corning
  • Saint-Gobain
  • Sika AG
  • Soben International (Asia-Pacific) Ltd
  • Alumasc Group plc.
  • Bauder Ltd.
  • Wienerberger AG
  • Binderholz GmbH
  • Homasote Company
  • CertainTeed Corporation
  • RedBuilt LLC
  • Forbo International SA
  • PPG Industries, Inc.
  • LG Hausys Ltd.
  • Kingspan Limited
  • Lafarge Company
  • Holcim

Segments Covered in the Report

By Application

  • Framing
  • Insulation
  • Roofing
  • Exterior Siding
  • Interior Finishing
  • Other Applications

By End-use Industry

  • Residential
  • Commercial
  • Industrial and Institutional
  • Infrastructure

By Geography

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • Middle East & Africa

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