DUBLIN--(BUSINESS WIRE)--The "Green Building Materials Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.
The Global Green Building Materials market was estimated at USD 199.9 billion and the market is projected to register a CAGR of over 9% during the forecast period.
Companies Mentioned
- Black Mountain Insulation Limited
- BASF SE
- Binderholz GmbH
- Saint-Gobain (CERTAINTEED)
- IsoHemp
- DuPont
- Interface Inc.
- Kingspan Group
- Nexii Building Solutions
- Chengdu Onekin Green Building Materials Co. Ltd
- Owens Corning
- REDBUILT
- Sika AG
- Soben International (Asia Pacific) Ltd.
Key Market Trends
Residential Segment to Witness Strong Growth
- Green building construction in the residential sector is increasing, due to the rising number of building regulations and policies mandating energy-efficient structures. This has created a market for environment-friendly and energy conserving materials used in residential construction.
- With the growing public awareness and rising income levels, the use of green building materials and the growing trend of energy-efficient structures in high-rise residential buildings and townships are likely to further boost the demand for green building materials in the coming years.
- Various types of green building materials are gaining popularity in residential buildings, owing to increasing preference for materials that are energy-efficient, moisture-resistant, durable, and easy to maintain. The green building materials are majorly becoming popular in Canada, Germany, United States, and in other western European and Scandinavian countries.
- In the Asia-Pacific region, countries, such as China and India, have already been facing environment pollution-related problems, which has grasped the attention of governments to take initiative in this regard. Moreover, power shortage problems in developing nations, like India, South Korea, Sri Lanka, and others, are likely to promote the concept of green building construction to promote daylight harvesting.
- On the other hand, the green building construction sector in North America and Europe is already widely popular. Thus, growing renovation projects in North America and recovering construction industry in Europe are likely to further increase the consumption of green building materials over the forecast period.
- According to the 2019 report by US Green Building Council, LEED-certified homes have grown 19% since 2017, and are at an all-time high with nearly 500,000 single family, multifamily and affordable housing LEED-certified units globally and more than 400,000 units located in the United States.
- All such factors are likely to increase the demand for green building materials over the forecast period.
North America Region to Dominate the Market
- North American region dominated the global market share. The construction sector has been witnessing growth in the region, due to increased demand for houses, and rise in renovation projects.
- Various government efforts and regulation mandates, such as Leadership in Energy and Environmental Design (LEED), Green Building Certification, subsidies for green housing projects, etc., have been driving the construction of green buildings in the region.
- The United States witnessed noticeable investment for residential construction in 2019. Additionally, in the United States, the Leadership in Energy and Environmental Design (LEED) registrations have been increasing in a decent manner, which reached 69,006 registrations as of 2019.
- Similarly, in Canada, Toronto and Vancouver have become a hotspot for construction, propelled by a hot real estate market. Developers have been looking forward to good returns on investment in the country, particularly with high-density residential projects.
- According to Canada Green Building Council (CaGBC), the Canadian green building sector can contribute USD150 billion in GDP by 2030, while cutting greenhouse gas emissions (GHG) by 53 mega ton compared to 2018 levels, which is expected to drive the market for green building materials in the construction of greenhouses.
- Mexico has also been witnessing high housing demand, for which, the country is attracting noticeable investment into construction.
Key Topics Covered:
1 INTRODUCTION
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Drivers
4.1.1 Increasing Demand for Energy-efficient Buildings
4.1.2 Favorable Government Policies for Green Buildings
4.1.3 Increasing Demand for Insulation
4.2 Restraints
4.2.1 High Capital Investment Compared to Conventional Buildings
4.2.2 Impact of COVID-19 on the Market
4.3 Industry Value Chain Analysis
4.4 Porters Five Forces Analysis
5 MARKET SEGMENTATION (Market Size by Value)
5.1 Type
5.2 Application
5.3 End-user Industry
5.4 Geography
5.4.1 Asia-Pacific
5.4.2 North America
5.4.3 Europe
5.4.4 South America
5.4.5 Middle-East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share (%)**/Ranking Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Declining Cost of Green Buildings Over Time
7.2 Increasing Awareness about Recycled Construction
For more information about this report visit https://www.researchandmarkets.com/r/pzklq0
